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.
 

Wed March 11th 1998
8:00 PM

On the Frenzied Forex Front
 

June-J-Yen Recommended Position Long at 7828
Support  is at  7842 and  7813   Resistance is near 7864 and 7871.
Beyond that 7901  offer's resistance.
June  Swiss Franc
Support should appear at  6784 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: Recommended Position short at 164.20
Support is at 163.60 to 162.86  below that 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.

June D-Marks Recommended Position Long at 5475
Support is near  5482 and 5430. Resistance is near 5505 and 5532 beyond that 5553, a close over 5505 augurs for a test of 5553. Traders should add or 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 buy  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. Go long on a close over 303.60
 

May Copper
Support is at  7935, 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. 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 Recommended Position Long at 388
Support is near  387,  Buy at 388 or better, risk  a close under 382 for three days in a row
Nearby resistance is   394. A close over 394 augurs for a test of   404.
 
 

May Silver Recommended Position long at 628
Support is near 606.  Below that  589 to 578 should hold. Resistance is 622 and 631

Buy this dip

                             The Exciting Energies

April Crude Recommended Positions, long at 1603 and 1535
Resistance is 1446 and 1467. Support  is 1392 and it should hold

April Unleaded Gas Recommended Position long at 5260  Hold
Resistance is  4800. Support is 4600 and 4475.

April Heating Oil Recommended Position Long at 4445 and 4320 Hold
Resistance is 4112 and 4180 to 4250 Support is  3990
 

The ‘Grande’ Grains

May Soybeans
Support is at  661 1/4 and 644. Resistance is near 678 1/2, a close over 678 augurs for a test of 688 to 693. Traders should go long at 661, risk a close under 644 for two days in a row.
 

July Beans Recommended Position: Long (2) at 663
Support is at 672 1/4 and 665 3/4 below that 658.
Resistance is  679 1/2   and  686, a close over 686 augurs for a test of 702 to 707

Friendly and then some.

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 Recommended Position Short at 2724
Support is at  2672 to 2663 Resistance is near  2758 and 2775

May Corn Recommended Position Long at 271 and 276 3/4 and 279 1/2
Support is at  279 3/4  and 275 1/4   Resistance is near  284 and 289
Traders should go long at 275, risk a close under 271 for three days in a row.

Traders should exit 2/3 of the longs at 289
 

May Wheat
Support is near  338 3/4  Resistance is near 351. Traders can Buy at 338 3/4 for turn, risk a close  under 329 for two days in a row.

July Wheat  Long at  342
Support is at 356 1/4 and 354 Resistance is near 360,  a close over 360 augurs for a ‘pop’ to near 366. exit remaining longs at  364 if able. then look to buy dips

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  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 925, traders should go long at 925 for a bounce, risk a close under 900 for two days in a row.  Resistance is near 965 and  981.
 
May Coffee Recommended Position Long at 156.90
On the Downside, Support is at 151.30 to 150.20 and  147.50,  traders can Buy at 147.50, risk a close 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 152.55 beyond that a rally to 156.90 and 157.25 is likely  above that  160.90 offer's resistance.

Go  long at 153.15 using a buy stop.

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 Recommended Position Long at 6575
Support is 6527 and 6480 Resistance is near 6587 and 6627. A close over 6627 augurs for a test of 6800 if it holds.

 April Hogs  Long  5145 (5015 and 5430 result of unwinding the spreads.)
Resistance is at 4832 then 4905 Support is near 4787 and  4712

June Hogs  Recommended Position Long at 5642 HOLD
Support is near 5522 and 5475, traders can buy at 5522 for the ‘pull.'
Resistance is near 5627.  A  close over 5627 augurs  for a test of  5715 then 5875.

Recommended Spread Position long   2 June  Short 2 Oct. at 290 over. Hold

May Bellies  Recommended Position Long at 4160
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 4322  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 120-24. Beyond that 121-00 offers good resistance  Traders  can go short at 120-24 or 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 120-00 and 119-02, a close under 119-00 augurs for a slip to 118-22  below that  117-31 and 116-28.

March SP500  Recommended positions Short at 1023, 1035.80 and 1056.20
Support today is at 1064.40, a close under indicates a test of 1058.80, under that 1052 and 1039 offers support. Resistance is near  1070.60, beyond that 1074.

June SP500

On the Downside, Support is at 1076.10  and 1068.00 below that  1052 offers good
support.  A close under 1076 augurs for a test of 1052. On the Upside, Early resistance is at 1084  where  day traders can sell for a turn  and hold Beyond that 1099 and 1107 offers resistance.

A close under 1072 is negative and traders can go short when  it occurs.
 

A ship in harbor is safe, but ships were not built for that.

Happy Trading

Bill

Wed  March 11th 1998
09:51  PM

Copyright@1998 FuturesCom Investment Publications
All Rights Reserved