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.
Tuesday March 10th 1998
5:53 AM
On the Frenzied Forex Front
June-J-Yen
Support is at 7928 and 7864 to 7836.. Traders can
Buy June Yen for a Turn higher at 7928, risk a close under 7864 for three
days in a row. Resistance is near 7939 then 7972.
A close over 7939 augurs for a test of 7972 beyond that 8033 and 8119
offers resistance.
Traders can go short at 8119 for a turn lower risk a close over 8134
for two days in a row.
June Swiss Franc
Support should appear at 6787 and 6755 traders can buy
at 6755 for a bounce, risk a trade under 6730. Resistance should begin
at 6809 and 6836. A close over 6809 augurs for a trade to 6906. Traders
should go long on a close over 6809. Stay tuned for the stop.
More resistance is near 6919 and 6990 to 7003. Traders should sell at 7002,
risk a close over 7003 for three days in a row.
June British:
Support is at 162.36 to 161.50 Traders should buy at 161.50 for a turn
higher risk a close under 160.80 for two days in a row. Resistance
is at 164.20 and 164.86 to 165.50. Sell at 164.20 risk a close over 164.90
for two days in a row.
March D-Mark Recommended Position Long at 5578 HOLD
June D-Marks
Support is near 5492 and 5440 to 5430. Resistance is near 5505 and
5553, a close over 5505 augurs for a test of 5553. Traders should go long
on a close over 5505.
June Canadian Dollar
Support is near the 7085 to 7074, below that 7003 should hold. Traders
can buy at 7003, risk a close under 6988. Resistance is near 7143
and 7170. Sell near 7143, risk a close over 7170 for two days
in a row.
Precious Metals
April Gold
Support is near 294 to 291 to 288. Position Traders should weakness
at 288.5 and Hold.
Resistance is near 304 and 307. A close over 303.6 is friendly for
a trade to 310 and beyond.
Should hold. Traders should Buy at 588, risk a close under 577 for two days in a row. Resistance is 620 to 626. A close over 628 augurs for a test of 658, sell at 658,risk 15 cents. Traders should go long on a close over 303.6
May Copper
Support is at 7935 day traders can buy at 7935 for a bounce,
risk 100 pts. Below that 7770 should hold , go long for the
‘Pull ‘ at 7775. Risk a close under 7680 for three days in a row. Resistance
is at 8105 and 8245. Beyond that 8300 to 8320 offer's resistance,
sell at 8300 for a quick turn lower, risk a close over 8395 for two days
in a row.
April Platinum
Support is near 377.0 and 368 Buy at 369 for a 2- day bounce,
risk only $ 4.00.
Nearby resistance is 387 to 394 . A close over 387 augurs for
a test of 399 to 404.
Go long on a close over 387.
May Silver
Support is near 606, day traders can buy at 606, risk 7 cents. Below
that 586 to 578
Buy this dip
The Exciting Energies
April Crude Recommended Positions, long at 1603 and 1535
Resistance is 1448 and 1467. Resistance is 1417 and 1392
April Unleaded Gas Recommended Position long at 5260 Hold
Resistance is 4675 and 4800. Support is 4600 and 4475.
April Heating Oil Recommended Position Long at 4445 and 4320 Hold
Resistance is 4119 and 4180 to 4250 Support is 4055 and 3990
The ‘Grande’ Grains
May Soybeans
Support is at 665 1/4 and 660.
Resistance is near 674 1/2 , a close over 667 augurs for a test
of 688 to 693
July Beans Recommended Position: Long (2) at 663
Support is at 667 1/4 and 664 3/4 Resistance is 678 1/2
to 682 3/4
A close over 678 augurs for a test of 692 to 707
Friendly ..
May Soybean Meal
Support is 178.9 and 176 Resistance is near and 182 and
185.
Traders should Go long on a close over 182.50 .
May Soybean Oil
Support is at 2624 and 2612 Resistance is near
2677 and 2724
Traders can buy at 2612 , risk a close under 2567.
Traders can go short at 2724, Risk a close over 2758 for two
days in a row.
May Corn Recommended Position Long at 271 and 276 3/4
Support is at 274 and 272 1/4 Resistance is near
279 1/2 and 282
Traders can add or go long on a close over 279 1/2 .
A close over 279 1/2 augurs for a test of 284.
May Wheat
Support is near 333 3/4 Resistance is near 339 3/4
, a close over 339 1/2 augurs for a test of 345 and 351. Day traders
can Buy at 333 3/4 for a bounce , risk a trade under 326.
July Wheat Long (2) at 342
Support is at 346 1/4 Resistance is near 348, a close over 348
augurs for a ‘pop’ to 358
Beyond that Resistance is near 365.
Be long.
The Satisfying Softs
May Cotton
Support is 6780 under that 6765
Traders can Buy at 6765 , risk a trade under 6705. Resistance is
6845 and 6890 , with more near 6990 to 7005. Traders can go short
at 6990 , risk a close over 7075 form two days in a row.
May Sugar
Nearby support is 941 and 925 , traders should go long at 925
for a bounce , risk a close under 900 for twos in a row. Resistance
is near 965 and 981, beyond that 1037 offers resistance , go short
at 1032 , risk a close over 1037 for two days in a row.
May Coffee Recommended Position Long at 156.90
On the Downside, Good Support is at 147.40, day traders can Buy
at 147.40 , risk a trade under 145.10 below that 142.25 should hold If
the Coffee Cools off and trades down to 141.50 Traders should go long and
hold.
On the Upside, Early resistance is near 151.70 and 152.30.
A close over 153.50 indicates a rally to 156.90 and 157.25. Beyond that
160.90 offer's resistance.
Pick Your Poison and Keep a Steel 'Cup’ handy.
May Cocoa
Resistance is 1611 Beyond that 1621 and 1642 to 1661 offer's
resistance. Traders can Go short at 1642. Risk a close over 1662 for two
days in a row. Support is near 1576 and then 1561
, with 1535 under that. Traders can buy for a bounce at 1535 , risk a close
under 1529 for two days in a row.
The Lively Livestock
April Live Cattle
Support is 6475 under that support should appear near
6445 with 6395 under that.
Resistance is near at 6550 and 6595.
Traders should go long on today’s open at 6510 or better. ..Stay tuned.
April Hogs Long 5145 (5015 and 5430 result of unwinding
the spreads.)
Resistance is at 4827 then 4905 Support is near 4717 and
4695
A close over 4827 is friendly
June Hogs Recommended Position Long at 5642 HOLD
Support is near 5577 and 5552, day traders can buy at 5555 for a turn
higher , risk only 35 pts. Resistance is near 5637 and 5657 .
A close over 5637 augurs for a test of 5715 then 5875.
Recommended Spread Position long 2 June Short 2 Oct. at 290 over . Hold
March Bellies Recommended Position Long at 4612
Roll to May on Open
May Bellies
Support is near 4017 and 3927. Resistance is near 4187
to 4225 , beyond that 4312
offer's resistance. Traders should go long on a close over 4312
looking for a test of 4772.
Friendly.
'From the Frying Pan into the Fire'
The Sensational Stock and Bond Markets
June 30 Yr. Bonds
Resistance is at 119-31 and 120-10 with 120-24 and 120-31
beyond that. Traders can go short at 120-31 , risk a close over 121-18
for two days in a row. Beyond that Resistance is near 122-12
and 122-27.
Support is near to 119-15 and 119-02 , a close under 119-02 /
118-31 augurs for a slip to 118-22 below that 117-31 and 116-28
offer support.
March SP500 Recommended positions Short at 1023, 1035.80 and 1056.20
The Analysis will roll to June Shortly.
On the Downside, Support is at 1055.30 and 1052 below that 1047 and 142 offer good support.
On the Upside, Early resistance is at 1058.90 where day
traders can sell for a turn Beyond that 1060.90 and 1063 offer
resistance . Beyond that 1068 should bring out
sellers.
A close under 1052 is negative.
This Newsletter is Dedicated to Risk, Without Risk there is no Reward.
Happy Trading
Bill
Tues. March 10th 1998
07:51 AM
Copyright@1998 FuturesCom Investment Publications
All Rights Reserved