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.

Thur September 25 1997
5:30 AM est

Dec-Yen Recommended Position Short at 8422
Resistance is 8426..then 8454 and 8484 to 8499 ,Beyond that 8537 , sell there for a position , risk a close over 8580 for three days ina row..Beyond that 8688 to 8683 offers good resistance.Traders should sell at 8727 , risk a close over 8762 for three days in a row.

Support is at 8372 and 8326 , below that 8300 then 8223 to 8205, buy at 8212 for a turn , risk a close under 8184 for three days in a row. Below that 8134 to 8119 offers support as does 8044 where traders should have buy orders waiting for a good turn higher , risk 50 pts.

Dec Swiss Franc Recommended Position Long at 6871& 6917
Early Support should appear at 6896. Below that 6871 then 6821 to 6809 offers support, buy at 6813 , risk a close under 6761, for three days in a row. or a trade under 6730 . more support should appear near 6673 , buy there risk a trade under 6645.

Early Resistance is at 6921 a close over augurs for a test of 6960 then 6995 to 7003, sell at 7003 for a turn , risk a trade over 7037. Beyond that a trade to 7074 to 7088 is likely , sell at 7074 , risk a close over 7088 for three days in a row. Beyond that a test of 7145 to 7165 is likely where traders establish shorts at 7170 , risk a close over 8185 for two days in a row...

Stay tuned for flashes...

Trade Accordingly..

Dec. British:
Support is at 160.60and 159.20 buy at 159.20 for a turn higher risk a close under 158.15 for three days in a row. More support is at 157.60 , buy there for a turn higher , risk a close under 157.26 for two days ina row. Resistance is near 161.50 offer resistance. Traders should sell at 162.10 , for a turn lower risk a close over 162.90 for two days in a row.

Sept. D-Mark Recommended Position Long at 5655 and 5601
Support should appear near 5662 and 5655 . Below that 5631 then 5612 below that Buy at 5553 for a bounce , risk 30 pts.
Nearby Resistance is at 5712 to 5716 , sell at 5729 , risk 20 pts. Beyond that 5751 to 5753 offers resistance , sell at 5753 , risk a trade over 5805. Beyond that a trade to 5830 and 5855 is likely. If The DMZ moves up to 5886 then 5902 sell at 5880 risk a close over 5905 for three days in a row.

Trade Accordingly

Dec Canadian Dollar

Support should appear near 7218 and 7170 to7158 , buy at 7170 , risk a close under 7158 for two days in a row. Resistance is near 7268 a close over augurs for a trade to 7328 , sell there , risk a close over 7345 for two days ina row.

December Gold Recommended Position long at 328.80 &325.90
Nearby support is at 324.7 then 317.Buy at 318 and hold.

Resitance is at 327.1. A close over 328.5 augurs for a rally to 335 where good reistance rests. Beyond that 338 offers reistance , above that 341 to 343should trade . Sell at 343 risk a close over 345.

Buy dips..and hold.

Be Long ...Conservative Traders Should Buy April and Feb Gold 360 Calls to maintain exposure on the long Side.

Dec Copper
Support begins near 9510 below that 9425 and 9405, where traders should have buy orders waiting for a turn higher. Risk a close under 9280 for three days in a row. Resistance is at 9625 then 9690 and 9820 a close over augurs for a trade to 100.05 Traders should sell at 100.05 for a turn lower risk a close over 102.20 for three days in a row.

Trade Accordingly

Oct. Platinum Recommended Position Long 437
Nearby support appear near 436.5 then 434.5 and 426.5, with 420 as a key level that should hold basis the close for any upward movement to continue. Below that trader should buy at 416 for a bounce , risk a trade under 408. Resistance is near 446 and 454

Trade Accordingly.

December Silver Recommended Position Long at 472 & 476
Early support is 472.5 and 460 then 451 buy there for a bounce, risk 8 cents. More Support should appear near 443.5 buy at 445.5 for a position, risk a close under 430 for three days in a row. Resistance is 481 however a close over augurs for a thrust to 492 where good sellers should appear. Beyond that a test of 503 to 505 is likely, If it holds.. If Silver can get thru the next few weeks without a collapse higher prices are likely...

Trade Accordingly.

Dec Crude Oil
Early support is at 2001 and 1976, buy there for a bounce risk 10 pts. . Below that 1953 to 1934, Traders should buy at 1953, risk a close under 1920. for three days in a row. More Buyers should apprear at 1933 then 1926 to 1921 where traders should have buy orders waiting for a 2- Day Turn higher , risk a close under 1901 for three days in a row. Resistance is near 2022 to 2026 Traders should sell at 2021 risk a close over 2043 or a trade over 2062

Trade Accordingly..

Oct Unleaded
Early support is near 5815 then 5715and 5600 where traders should buy using a stop close under 5490 for three days in a row. More support is near 5530 then 5430 , buy at 5435 for a bounce risk 100 pts.

Resistance is near 5915 and 5990 to 6015 ,Traders should sell for a Position at 6015 ,risk a close over 6045 for two days in a row.

Trade Accordingly

Dec Heating Oil. Recommended Position Long at 5565
Support should appear near 5680 then 5635 to 5595 and 5455 with 5325 below that. Traders should buy at 5420 , risk a close under 5340 for three days in a row. Resistance is near 5790 and 5840

November Beans
Early Resistance is near 643 3/4. Above that 657 1/2 offers resistance as does 667 .Sell at 667 , risk a trade over 673. Beyond that 680 offers resistance, sell there and risk a close over 685 for three days in a row.

Support is at 634 3/4 ,and 629 3/4 a close under augurs for slip to 615 1/2 and 611 where support lies, traders should have buy orders at 611 3/4 for a turn higher risk, a close under 602 1/2 for three days ina row. Below that 592 is likely and traders should buy at 588 for a turn higher , risk a close under 573 for three days in row.

Dec Soybean Meal
Good support should appear at 204.1 then 199.60 Buy at 201.3 risk a close under 197 for three days in a row.Resistance is near 208 then 211 to 212 sell at 213.3 . risk a close over 216 for three days in a row.

Dec Soybean Oil
Early support is at 2388 , a close under augurs for a slip to 2353 then 2325.

Resistance is near 2433 then 2442, Sell at 2442 risk a close over 2475 for three days in a row. More Resistance is neat 2490 and 2511 to 2519...

Trade Accordingly and Stay Tuned

Dec Corn Recommended Position Short at 262
Early support is at 257 then 252, traders should Buy Dec Corn at 251 1/2 , risk a close under 247 for two days in a row.

Resistance is near 262 and 267 to 269 , sell at 269 Risk a close over 275 for three days in a row. More Selling should begin near 281 then 284 3/4. Traders should sell at 280, 'till the cows come home' risk a close over 288 for three days in row.

December Wheat
Early Resistance is near 366 then 371 and 378 .Support is near 361 where traders should buy for a bounce risk, 5 cents, below that 353 then 348 offers support. If a real failure occurs traders should Buy Dec Wheat at 349 , risk a close under 342 for three days in a row. Stay Tuned...

Trade Accordingly

Dec Cotton Recommended Position Short at 7390
Early Resistance is near 7425 and 7455. More resistance should appear near 7525 and 7555.

Support is near 7375 and 7355 with 7215 below that ,buy at 7215 risk a close under 7150 for three days in a row.

May SugarRecommended Position short at 1174.
Resistance is near 1165 and 1189. Additional resistance should appear near 1219 , sell there for a turn , risk 20 pts.

Support should appear near 1149, with 1127 below that , buy at 1127 risk a close under 1101 for three days in a row.

December Coffee
Early support is near 166.75 then 165.00 However ,If The Coffee Cools off to 157.50. Buy it, risk a close under 156.90 for two days in a row.

Resistance is near 171.70 with 172.60 and 175.80 to 176.35 above that , sell at 176.30 risk a close over 179.70 for two days in a row . More resistance is near 181.35 and 185.10 , sell at 185.10 , risk a close over 188 for two days in a row.

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 7040 and 7170with 7225 above that. A close over 7240 is friendly. Support should appear near 6830 and 6750 where traders can buy for a turn higher , risk a close under 6470 for two days in a row.

December Cocoa
Support is near 1670 , below that 1647 and 1620 to 1610 ,where traders should buy for a turn, risk a close under 1605 for two days in a row. More support is at 1563, Buy at 1572 , risk 30 pts.

Resistance is near 1720 and 1747 Traders should sell at 1732 , risk a close over 1752 for three days in a row.

Oct Cattle: Recommended Position Long at 6972
Support is at 6702/6707. Resisitance is near 6780 then 6852 /6857, a close over 6780 augurs for a trade to 6855 where good resistance should appear. A close over 6860 or 6907 friendly for a 'pop' to 6947.

Trade Accordingly.

December Live Cattle Recommended Position long at 6865 & 6920
and Long Dec Short June at -165.
Nearby Support should appear at 6737 and the 6717 region with 6640 below that. Resistance is near 6790 to 6807 then 6857. A close over 6790 Augurs for a 'Thrust' to 6855.

A close over 6812 is friendly

Spreaders should maintain Positions in long Dec Short June Cattle.

October Feeder Cattle Recommended Position Long at 7912
Early Support is at 7767, buy there for a turn higher Resistance is near 7887 and 7907 above that 7965.

October Hogs Recommended Position Short at 7012
Nearby Resistance is at 7035 sell there for a turn, risk only 40 pts. A close over 7037 augurs for a a rally to 7135. then 7147 sell at 7147 for a turn risk a close over 7247 for two day is a row.

Support is 6967 below that 6937 More support is near 6850 then 6750 which should hold, Traders should go long at 6757 for a turn higher , risk 100 pts.

Trade Accordingly.

Feb Bellies Recommended Position Long at 6430
Support is at 6330 then 6267 and 6142 .Below that 6122 offers support, Buy at 6122 , risk a close under 6032 for three days in a row. Resistance is near 6417 and 6432. A close over 6437 augurs for a 'pop' to 6562. . More resistance is near 6645

Trade Accordingly ....

Dec Bonds
Support is at 115-29 and 115-23 an extended trade under or a close under 115-29 is negative, and indicates a decline towards the 114-23 region where minor support rests. Below that 114-04 is where Traders can buy for a bounce only ,risk 7 pts. Try to maintain the shorts. Under that 113-16 should hold.

Resistance is at 116-24 to 116-29 Beyond that a trade to 117-05 then 117-23 is likely , sell at 117-22 and risk a close over 118-02 for two days in a row.

Trade Accordingly and Stay Tuned ....

Dec SP500 Recommended Position Short at 967.35
On the Downside, Early and critical support is 954.20. Below that 952.60 then 951.60 offer support. Failure there indicates a slip to 948.65 then 944.55 where traders should buy for a good turn higher , risk a trade under 942.10.. Below that 938.85 to 938.20 offers support. A close under 942.90 indicates a slip to 938.10 , a close under 938 indicates a slip to 929 where support rests , buy at 929 risk 200 pts Failure to hold 929 is negative and should yeild a decline towards the 915.60 region then 912.85 then 905.75 if that doesn't hold Buy at 896.35 for a turn higher no stop for now...stay tuned...

Resistance should appear near 958.35 and 960.50 above that 962.50 to 963.35 and 964.10 is likely to trade and offer resistance.. Above that 967.35 then 970.10 offers resistance as does 972.30 and 973.70 A close over 970.15 for more than three days indicates a trade to 982.10 , sell at 982.10 , risk 250 pts. Beyond that 992 should trade.

A close under 954.20 keeps the Dec SP500 on the Defensive..A close over 955.30 is friendly.

Trade Accordingly

Bill

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