THIS PUBLICATION CONTAINS THE VIEW AND OPINIONS OF THE AUTHOR, EXCEPT WHERE OPINIONS ARE ATTRIBUTED TO OTHER SOURCES. WRITTEN PERMISSION IS. REQUIRED PRIOR TO ANY DISTRIBUTION OR REPRODUCTION. FUTURES TRADING IS RISKY AND CAN CAUSE SUBSTANTIAL FINANCIAL LOSS. THE USE OF OPTIONS AND OPTION TRADING INVOLVES A HIGH DEGREE OF RISK. THE USE OF STOPS MAY NOT LIMIT LOSSES TO INTENDED AMOUNTS. SPREAD POSITIONS MAY NOT BE LESS RISKY THAN OUTRIGHT FUTURES POSITIONS. PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. SOURCES ARE BELIEVED TO BE RELIABLE BUT NO ASSURANCE IS MADE FOR ACCURACY. ADDITIONAL RISK DISCLOSURE IS AVAILABLE.

Tue. Sept 16
5:15 PM EST

Dec-Yen Recommended Position long at 6346
Early Resistance is near 8385 and 8406 beyond that 8443 then 8478 and 8484/8499. Above that 8505 then 8588,Traders should sell at 8588 , risk a close over 8620 for three days in a row. Nearby support is at 8340 and 8314..A failure of 8300 basis the close augurs for a test of 8223, traders should have buy orders waiting at 8223 for a bounce , risk a trade under 8189.

Trade Accordingly..

Dec Swiss Franc
Early support is 6950 below that 6939 offers good support, below that 6919 then 6900 where traders can buy for a bounce at , risk 20 pts. Resistance is at 6986 then 6990 to 7000 with 7050 above that..

Trade Accordingly..

Dec. British:
Support is at 158.40 region then 157.60. Resistance is near 160.44 then 160.90 and 161.50 offer resistance. Traders should sell at 160.44 for a turn lower, risk a close over 160.90 for two days in a row.. Above that augurs for a trade to 162.10 , where it should be sold for a turn , risk a close over 162.90 for two days

Sept. D-Mark
Support is near 5674 and 5653 then 5640 should offer upport. Additional buyers should also appear near 5584 then 5517 , where traders can buy for a good bounce , risk a close under 5482.Below that 5430 should trade.
Nearby Resistance is at 5691 then 5716 to 5729 Beyond that 5741 offers reistance. Above that 5781 to 5788 offers resistance , sell at 5792 , risk a trade over 5818.A close under 5698 is negative

December Gold Recommended Position long at 328.80
Nearby support is at 321.00 and 319.40 Below that 313 should hold. Resistance is at 323.0 and 325.40 A close over 333 augurs for a rally to 335 where good resistance rests. Beyond that 338 offers reistance above that 341 to 343should trade . Sell at 343 risk a close over 345.

Be Long ...Conservative Traders Should Buy April and Feb Gold 370 Calls to maintain exposure on the long Side.

Dec Copper Recommended Position long at 9545
Nearby support is 9390 with 9320 and 9185 below that. Resistance is at 9580 beyond that 9775 and 9980.Traders should sell at 101.35 for a turn lower risk a close over 102.80 for three days in a row.

Oct. Platinum Recommended Position Long 437
Nearby support appear near 416.5 and 407 where aggressive traders can begin to buy, More support rests near 402 where traders should buy for the 'pull' Risk a close under 399 for two days in a row. Resistance is near 422.5 to 424, beyond that 432.0 ...A close over 433 indicates a 'touch' of 441.
Buy dips

December Silver Recommended Position Long at 472 7 458.5
Support is 458. then 453. Resistance is near 467.5 above that 471 offers good resistance.

Trade Accordingly.

Oct Crude Oil Recommended Position short at 1976
Early support is at 1938 then 1913 to 1905, traders should have buy orders waiting for a 2- Day Turn higher at 1905, risk a close under 1901 for three days in a row. Resistance is near 1963 then 1987. Beyond that 1997 to 2001 then 2012 offers Resistance. Above that Traders should sell at 2042 risk a close over 2055 or a trade over 2067

Trade Accordingly..

Oct Unleaded
Early support is near 5875 then 5740, where traders should buy for a bounce risk a trade under 5630. Resistance is near 5970 and 6125 where traders should sell , risk 100 pts moe resistance is near 6175 then 6280 sell there for a quick turn, risk 70 pts. Beyond that 6470 is where traders should sell for a Position risk a close over 6510 for two days in a row.

Trade Accordingly

Dec Heating Oil. Recommended Position Long at 5565
Support should appear near 5515 and 5415. Resistance is near 5615 . Above that 5710 offers resistance.

November Beans Recommended Position Short at 628
Early Resistance is near 653 1/4 and 662, Sell at 662 , risk a trade over 669.
Support is at 643 1/2, 625 and 621where traders should have buy orders waiting , buy at 621 , risk 8 cents. and stay tuned. A close under 618 1/4 augurs for a break to 611 1/2 where support lies, traders should have buy orders at 611 3/4 for a turn higher risk, a close under 603 1/2 for three days in a row.

Dec Soybean Meal

Support is near 212.A close under augurs for a slip to 208 then 204.Resistance is near 219, sell at 219 risk a trade over 223. Above that 226 to 228 offers resistance , traders should sell at 228 for a turn lower , risk a close over 233 for three days in a row..

Dec Soybean Oil
Support should appear at 2396 to 2389 with 2368 below that.
Good selling will appear at 2454, sell short at 2454 risk a close over 2470 for three days in a row.

Trade Accordingly and Stay Tuned

Dec Corn
Early support is at 260 to 259 and 257, More support is near 254, buy at 256 for a bounce , risk 5 cents. Resistance is near 265 3/4 with 269 above that.

December Wheat
Early Resistance is near 376. Above that 381. Support is near 370 to 367 3/4.

October Cotton
Support is at 7300 then 7255 below that 7195 Buy there for a bounce risk a trade under 7135. Resistance should appear near 7365 then 7450 ,sell at 7480 for a turn lower risk a close over 7570 for two days in a row.

October Sugar Recommended Position long at 1128
Early Support is at 11126 then 1108 More Support is at 1094, buy at 1094 for a bounce , risk 15 pts. Resistance is near 1145 to 1148 , with 1162 above that.. sell at 1164 , Risk a close over 1171 for two days in a row. Above that sell at 1192 risk a close over 1207 for three days in a row.

Stay Tuned

December Coffee
Support should appear at 166.70 then 16610 and 165.90 offer support Buy at 166.10 for a turn higher , risk a close under 164.20 where support should appear, If that fails a slip to 161.90 then 158.90 and 157 is likely. Resistance is near 170.90 and 171.05 , above that 175.80 then 178.10 and 180.80

Coffee Trading is Not for widows and orphans ....Have your' Steel Cup' Ready.

November Orange Juice Recommended Position Long at 6810
Early Resistance is near 7095. Beyond that 7180 to 7270. A close over 7210 is friendly. Support should appear near 6910 , below that 6855 and 6770 where traders can buy for a turn higher , risk a close under 6740 for two days in a row.

December Cocoa
Support is near 1690 More support is at 1650 and 1597, below that 1565, traders should buy at 1565 , risk 30 pts.More support should appear near 1540. Resistance is near 1700, sell at 1706 risk a close over 1740 for three days in a row. More resistance should appear at 1750.

November Lumber Recommended Position long at 332.80

Support is near 319.80 then 317.30with 315 below that. Resistance is near 322 and 324, above that 327.50.

Oct Cattle: Recommended Position Long at 6972
Support is at 6790. Below that 6760, More support should appear at 6742. . Resisitance is near 6835 then 6892.

Trade Accordingly.

December Live Cattle Recommended Position long at 6865
and Long Dec Short June at -165.
Nearby Support should appear at 6920 then 6902 Below that, 6845 should considered a buying region. Resistance is near 6967 then 6995.

Bullish ...Buy Dips

Spreaders should maintain or add to Positions in long Dec Short June Cattle

October Feeder Cattle
Early Support is at 8042 and 8007. Resistance is near 8107, above that 8137 and 8207offers resistance..

Trade accordingly.

October Hogs Recommended position shortat 7152
Nearby Resistance is at 7177and 7190 above that 7252 offers resistance ,. sell at 7280 for a turn risk a close over 7342 for two days is a row.
Support is at 7147 and 7092 with 7052, below that

Trade Accordingly.

Feb Bellies
Support is at 6777 then 6755 and 6597. Resistance is near 6867 then 6907. Beyond that 6970 should trade.

Trade Accordingly...

Dec Bonds Early support is at 114-30 then 114-16 to 114-10.Resistance is at 115-16 and 115-28 , buy at 114-30 for a quick turn , risk 8 pts. beyond that 116-10 then 116-16. Sell at 116-16 for a quick turn , risk 5 pts.

A close under 114-30 is negative , a close over 115-16 is friendly.

Dec SP500
On the Downside, Early and critical support is 954.20 Buy at 954.20 , risk 200 pts.failure or a close under 954.00, would indicate a slip to support near 944.50 then 939.90 , under that 938.80 offers support and 934.70 should hold . If not Buy at 927.90.Risk 200 pts.
On the Upside, Resistance is at 958.70 with 959.75 offering firm resistance , sell at 959.70 , risk 200 pts. Beyond that 962.50 should trade , with a target beyond that of 964.10, a close over 964.20 augurs for a test of 970.60 to 973.70 , sell at 970.60 risk 200 pts.

Trade Accordingly

Happy Trading

Bill

9-16-1997 7: 20 PM EST

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