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 26 1997
3:30 AM est

Dec-Yen
Resistance is 8433.then 8440 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 8333 and 8314 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
Early Support should appear at 6924. 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 6974 and 6988 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 160.60 and 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 162.10 then 162.90

Sept. D-Mark Recommended Position Short at 5729
Support should appear near 5716 and 5724 . Below that 5705 then 5665 and 5624. Below that Buy at 5553 for a bounce , risk 30 pts.
Nearby Resistance is at 5751 to 5753 and 5765 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 7250 and 7221 then 7170 to7158 , buy at 7170 , risk a close under 7158 for two days in a row. Resistance is near 7267 and 7313, 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
Nearby support is at 327.7 then 318.Buy at 318 and hold.

Resitance is at 331. A close over 331. 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 Recommended Position Long at 9405
Support begins near 9430 below that 9280 Resistance is at 9630 then 9670 and 9760 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 427.5, 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 432 and 437 with 446 and 454 above that.

Trade Accordingly.

December Silver Recommended Position Long at 472
Early support is 476.5 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 Recommended Position Short at 2021, risk a two day close over 2070
Early support is at 2028 and 2018 , below that 2003 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 2053 to 2068 and 2070.

Trade Accordingly..

Oct Unleaded
Early support is near 5825 then 5775 and 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 5970 and 6020 ,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 and critical support should appear near 5810, with 5780 and 5750 below that , under that 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 5880 and 6010.

November Beans
Early Resistance is near 644 1/4. Above that 658 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 633 3/4 ,and 630 1/2 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 203.9 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 Recommended Position Short at 2442
Early support is at 2392 , a close under augurs for a slip to 2346 then 2325 below that buy at 2292 use a stop under 2259.

Resistance is near 2426 then 2442, More Resistance is near 2492
Trade Accordingly

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 3/4 then 369 and 372 to 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 7380 and 7440. More resistance should appear near 7480 and 7530.

Support is near 7340 and 7280 with 7215 below that ,buy at 7215 risk a close under 7150 for three days in a row.

May Sugar Recommended Position short at 1174.
Resistance is near 1154 then 1164 and 1192 Additional resistance should appear near 1219 , sell there for a turn , risk 20 pts.

Support should appear near 1152, with 1141 below that , buy at 1127 risk a close under 1101 for three days in a row.

December Coffee
Early support is near 164.70 , under that 163 .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 166.85 then 168.15 and 171.50 and 172.60, above that 173.80 to 175.65 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 7580 and 7740. Support should appear near 7335 and 7245 then 7180 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 1674 , below that 1640 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 1724 and 1740 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 6782 then 6712. Resisitance is near 6825 then 6842 to 6857. A close over 6845 is friendly for a 'pop' to 6932.

Trade Accordingly.

December Live Cattle Recommended Position long at 6865 & 6920
and Long Dec Short June at -165.
Nearby Support should appear at 6767 and the 6722 region with 6702 below that. Resistance is near 6807 then 6852.and 6867. A close over 6812 Augurs for a 'Thrust' to 6850.

A close over 6855 is Bullish

Spreaders should maintain Positions in Long Dec Short June Cattle.

October Feeder Cattle Recommended Position Long at 7912
Early Support is at 7842 then 7802 and 7767, buy there for a turn higher Resistance is near 7902 and 7917 above that 7937 and 8017..

October Hogs Recommended Position Short at 7012
Nearby Resistance is at 7042 sell there for a turn, risk only 40 pts. A close over 7045 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 6952 below that 6942 More support is near 6850to 6842

Trade Accordingly.

Feb Bellies Recommended Position Long at 6430
Support is at 6352 then 6267 and 6165 .Below that 6122 offers support, Buy at 6122 , risk a close under 6032 for three days in a row. Resistance is near 6417 and 6427. A close over 6437 augurs for a 'pop' to 6567. . More resistance is near 6645

Trade Accordingly ....

Dec Bonds
Support is at 114-26 and 114-24 an extended trade under, or a close under 114-24 is negative, and indicates a decline towards the 114-04 region where minor support rests. Traders can buy for a bounce at 114-04 only ,risk 7 pts. Under that 113-26 to 113-24 should trade and 113-16 should hold.

Resistance is at 115-24 to 115-26 Beyond that a trade to 116-24 and 117-05. Above that 117-23 is likely to trade , sell at 117-22 and risk a close over 118-02 for two days in a row.

Bonds must close over 115-24 to re-establish the Bull pattern however a close over 115-15 is friendly.

Trade Accordingly and Stay Tuned ....

Dec SP500 Recommended Position Short at 967.35
On the Downside, Early and critical support is 944.70 then 944.55 where traders should buy for a good turn higher , risk a trade under 942.10.. Below that 940.55 and 938.85 to 938.20 and 937.60 offers good support. A close under 942.90 indicates a slip to 937.60 , a close under 937.50 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 952.60 to 954.20 above that 958.35 and 960.60 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 950.20 keeps the Dec SP500 on the Defensive..A close over 952.60 is friendly.

Trade Accordingly

Bill

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