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.

Sunday September 28 1997
11:39 AM est

Dec-Yen
Resistance is 8372 then 8391 and 8406, beyond that 8426. A close over 8426 augurs for a test of 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 8314 then and 8300 , below that 8239 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 6927. Below that 6906 to 6919 should trade. Below that 6881 to 6877 offers good support. Below that 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 6977 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...

Trade Accordingly..

Dec. British:
Support is at 159.60 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 160.90 to 161.50 above that 162.10 and 162.90

Sept. D-Mark Recommended Position Short at 5729
Support should appear near 5685 then 5668. A clsoe under 5668 ugers for a test of 5653 and 5640 with the 5617 region offering good support Below that Buy at 5553 for a bounce , risk 30 pts.
Nearby Resistance is at 5717 to 5729 beyond that 5768 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 7243 and 7224 then 7170 to7158 , buy at 7170 , risk a close under 7158 for two days in a row. Resistance is near 7274 and 7306, 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 328.5 then 325 and 31 8.Buy at 318 and hold.

Resitance is at 333. However a close over 331. augurs for a rally to 338 where good reistance rests. Beyond 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 9440 below that 9265. Resistance is at 9630 then 9660 and 9760 a close over 9840 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 424.5, 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 428 and 431 with 436 and 444 above that.

Trade Accordingly.

December Silver Recommended Position Long at 472
Early support is 480 and 474, below that 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 491.5 where good sellers should appear. Beyond that a test of 503 to 505 is likely, If it holds.

Trade Accordingly.

Dec Crude Oil Recommended Position Short at 2021, risk a two day close over 2070
Early support is at 2080 and 2065 , below that 2055 . A close under 2055 augurs fr a slip to 2005 then 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 2115 to 2130 and 2153.

Trade Accordingly..

Oct Unleaded Recommended Position Short at 6015. Cancel all Remaining Orders in OCT Unleaded and move Shorts to November By end of Session if not liquidated.November Anaysis will begin Tuesday.
Early support is near 6125 then 6035 Resistance is near 6160 and 6225.

Trade Accordingly

Dec Heating Oil
Support and critical support should appear near 5825, with 5785 and 5750 below that 5690 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 6025 and 6170.

November Beans
Early Resistance is near 633 1/4. Above that 645 then 659 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 631 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 201.3, buy there and risk a close under 197 for three days in a row.Resistance is near 204 then 208 with 211 above that.

Dec Soybean Oil Recommended Position Short at 2442
Early support is at 2395 , a close under augurs for a slip to 2339 then 2325 below that buy at 2292 use a stop under 2259.

Resistance is near 2414 then 2442, More Resistance is near 2492
Trade Accordingly

Dec Corn
Early support is at 252, traders should Buy Dec Corn at 251 1/2 , risk a close under 247 for two days in a row Resistance is near 259 and 262 with 269 above that , sell at 269 Risk a close over 275 for three days in a row.

December Wheat Recommended Position long at 361
Early Resistance is near 361 1/2 then 367 and 370 .Support is near 355 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
Early Resistance is near 7340 and 7380. More resistance should appear near 7435.Support is near 7280 with 7215 below that ,buy at 7215 risk a close under 7150 for three days in a row.

May Sugar
Resistance is near 1172 and 1196 Additional resistance should appear near 1219 , sell there for a turn , risk 20 pts.

Support should appear near 1156, with 1134 below that , buy at 1127 risk a close under 1101 for three days in a row.

December Coffee
Early support is near 164.40 , under that 162.10. 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 167.10 then 167.70 and 171.00 to 172.60, above that 173.80 to 175.65 , 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
Early Resistance is near 7340 and 7415.Beyond that 7810 offers good resistance. Support should appear near 7225 then 7125 and 7035 with 6750 under that, traders can buy at 6750 for a turn higher , risk a close under 6470 for two days in a row.

December Cocoa
Support is near 1632, below that 1627 and 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 1727 and 1732 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 6837 then 6787. Resisitance is near 6862. A close over 6867 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 6797 and the 67247region with 6722 below that. Resistance is near 6842 then 6867. A close over 6837 Augurs for a 'Thrust' to 6870.

A close over 6875 is Bullish

Spreaders should maintain Positions in Long Dec Short June Cattle.

October Feeder Cattle Recommended Position Long at 7912
Early Support is at 7857 then 7817 and 7767, buy there for a turn higher Resistance is near 7910 and 7917 above that 7937 and 8017..

October Hogs
Nearby Resistance is at 6947 then 7047 sell there for a turn, risk only 40 pts. A close over 7047 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 6847 the 6812 below that 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 6302 then 6272 and 6165 .Below that 6122 offers support, Buy at 6122 , risk a close under 6032 for three days in a row. Resistance is near 6420. A trade or close over 6422 augurs for a 'pop' to 6567. . More resistance is near 6645

Trade Accordingly ....

Dec Bonds
Support is at 115-13 and 115-05 an extended trade under, or a close under 115-13 is negative, and indicates a decline towards the 114-25 region where minor support rests. Below that Traders can buy for a bounce at 114-04 only ,risk 7 pts. Under that 113-25 should trade and hold..

Resistance is at 115-25 Beyond that a trade to 116-25 and 117-05.is likely. 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.

Trade Accordingly and Stay Tuned ....

Dec SP500
On the Downside, Early and critical support is 952.60 then 948.55 a close under 952.60 augur for a pull back to 944,.65 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 953.4 to 954.20 above that 958.35 and 960.85, sell there for a quick day turn, put yor own risk on it...However a extended trade over 960.90 is friendly and augurs for a rise to 962.50 to 963.35 beyond that 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 952.60 keeps the Dec SP500 on the Defensive..A close over 954.30 is friendly.

Trade Accordingly

Bill

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