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 Oct 09 1997
6:00 PM NYC time

Dec-Yen

Nearby support is 8300 to 8310 below that 8223 , buy at 8213 for a good turn higher , risk a close under 8191 for three days in a row. Below that 8173, buy at 8173 for a bounce , risk 50 pts. Below that 8044 offers support where traders should have buy orders waiting for a good turn higher , risk 50 pts.

Resistance is 8354 and 8380 offers resistance. A close over 8368 augurs for a test of 8448 sell at 8448 , risk 20 pts or a close over 8451 initially..Beyond that 8491should trade and offer resistance, sell at 8491 for a turn lower , risk a close over 8499 for three days in a row..Beyond that 8560 to 8589 should trade then 8688 to 8683 offers good resistance.Traders should sell at 8712 , risk a close over 8763 for three days in a row.

Bullish ...

Trade Accordingly..

Dec Swiss Franc Recommended Position Long at 6928
Early support should appear at 6908 below that 6845 offers god support , Buy at 6845, risk risk a close under 6797 for three days in a row. If 6845 fails a trade to 6755 is likely , buy at 6755 , risk a clsoe under 6740.

Early Resistance is at 6917 then 6958, abov that 6998 to 7007. Beyond that a trade to 7062 to 7074 is likely , sell at 7073 , risk a close over 7088 for three days in a row. Beyond that a test of 7113 is likely, sell at 7113 , risk a close over 7145 for three days in a row...Beyond that a test of 7223 to 7242 is likely and where good resistance remains sell at 7223 for a turn , stay tuned....

Trade Accordingly..

Dec. British:
Support is at 161.50 more support is at 160.90 , below that 159.60 then 159.20, buy there risk a trade under 157.60 If not long buy at 158.20 for for a turn higher risk a close under 157.26 for two days in a row. Resistance is near 162.20 then 163.60 Traders should sell at 164.20 for a turn lower risk a close over 165.50 for three days in a row.

Trade accordingly..

Sept. D-Mark Recommended Position Short at 5791
Support is near 5749 then 5723 and 5692 , buy at 5684 for a position , risk a close under 5680 for two days in a row. Support should also appear near 5640 , where traders can buy for a good bounce , risk a close under 5577 .Below that 5553 should trade. Buy at 5553 for a bounce , risk 30 pts.

Nearby Resistance is at 5774 above that 5799 , Beyond that a trade to 5855is likely. If The DMZ moves up to 5886 to 5902 sell at 5880 risk a close over 5914 for three days in a row.

Trade Accordingly

Dec Canadian Dollar

Support should appear near 7291 and 7262 , buy at 7256 , risk a close under 7242 for two days in a row. Resistance is near 7305 then7328 to 7345, beyond that 7363 to 7370 offers resistance. Beyond that a trade is 7399 to 7414 is likely , sell at 7414 , risk a close over 7428 for three days in a row.

December Gold Recommended Position long at 334.4
Nearby support is at 324.6 then 321 . Resistance is near 333 and 334.5 , with 342 above that .Traders should also consider buying Dec Gold at 341.90 stop basis the close where some resistance remains however if the " Yellow MetaL gets it gander up a rally to 350 is likely , a close over 353 augurs for a rally to 359 sell at 361 , risk a close over risk a close over 365 for three days in a row.

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
Nearby support is at 9495 then 9435 , below that 9275 and 9175. Buy at 9270 for a turn higher risk a close under 9150 for three days in a row. Below that a trade to 9035 is likely...where value should take hold...

Resistance is at 9535 and 9690. More Reistance is near 9905 where traders can sell for a turn lower , risk close over 9940, beyond that 100.80 offer resistance , sell at 100.80 for a turn lower , risk a close over 100.90 for two days in a row. Beyond that 103.25 is likley...

Trade Accordingly

January Platinum Recommended Position long at 424.5
Support is near 426.5, below that support should appear near 418 , then at 412 where traders should have buy orders waiting for a good bounce, risk a close under 406 for three days in a row...Resistance is near 428.5 , a close over 430 augurs for a 'pop' to 438 then 444...and beyond.
Trade Accordingly.

December Silver Recommended Position long at 525
Early support is 510.5 , buy at 509 ,risk a close under 496 , below that 488 should hold....Resistance is near 522 and 535....Beyond that a test of 555 is not out of the question...

Trade Accordingly.

Dec Crude Oil Recomended Position long at 2238
Early support is at 2195 then 2177, Buy at 2177 for a bounce , risk 40 pts , more support is near 2142

Resistance should appear near 2220 then 2227 early, a close over 2227 augurs for a test of 2245 then 2291 to 2298 ..then to 2315 then 2366 is likely... beyond that 24.60 should trade...

Buy Dips ..

Dec Unleaded Recommended Position Long at 6240

Early support is near 6065 then 6045 , buy at 6025 and hold. Resistance is near 6145 and 6240 , beyond that 6260 and 6320.

Trade Accordingly

Dec Heating Oil. Recommended Position Long at 6225
Support should appear near 6055 and 6025 , buy at 6015 , risk a close under 5850 .

Resistance is near 6145 then 6170, above that 6335 then 6500..

The ‘Grande’ Grains

November Beans
Early Resistance is near 674.5, traders should sell at 677 for a turn lower , risk a close over 684 for two days in a row. Beyond that 679 offers resistance, above that 686..

Support is at 669 and 665 then 652 ,below that 647.

A close under 669 is negative...

Dec Soybean Meal Recommended Position Short at 218
Support should appear at 216 below that 214 , a close under 214 augurs for a pull back to 211. Resistance is near 220.7 then 223 ,above that 225.2..

Dec Soybean Oil
Early support is at 2425 below that 2415 and 2395 offers mild support .. Traders can Buy at 2392 , risk a close under 2352 where support should appear.. a close under 2352 augurs for a slip to 2308.
Resistance is near 2450 then 2475 offers some resistance , as does 2503 to 2519 Sell at 2512 risk a close over 2569 for three days in a row.

Dec Corn Recommended Position Short at 269 1/4 and 280
Early support is at 281 then 276 .. aclose under 281 augurs for a pull back to 270....

Resistance is near 285 then 288 and 290.

December Wheat
Nearby Support is at 364 More support should appear near 362 Resistance is near 370 then 375, sell at 375 and hold ...

Trade Accordingly

Dec Cotton Recommended Position Long at 7215
Support at 7105 should contain the break if not 7055 should hold......Resistance is near 7160 and 7225, a close over 7165 is friendly , a close over 7250 should cause short covering and a rally to 7340 to 7370 .

March Sugar
Resistance is near 1225 , sell at 1210 , risk a close over 1213 for three days in a row. Additional Resistance should appear near 1237 sell at 1232 , risk a close over 1238 for two days in a row.

Support should appear near 1185, buy at 1171 risk a close under 1164 for three days in a row. More Support is near 1138 , buy at 1146 risk a close under 1120 for two days in a row. .

December Coffee
Early support is near 163.25 below that 161.90 Buy Dec Coffee at 157. 70 risk a close under 156.90 for two days in a row. More Support should appear near 155.35 then 152.50 ...

Resistance is near at 167.55 and 168.55 ...above that resistance is near 173.10 Sell at 173.10 risk a close over 174.20 for two days n a row . More resistance is near 180.80, sell at 180.80 , risk a close over 182.30 for two days in a row.

Have your' Steel Cup' Ready.

November Orange Juice
Early Resistance is near 7420 then 7550 and 7780 above that 7830, sell at 7830, risk a close over 8020 for two days in a row. Support should appear near 7190 then 7155, traders should buy at 7155 for turn higher, risk a close under 7070 for three days in a row.

December Cocoa
Support is near 1657 and 1647, traders should buy at 1644 for a turn, risk a close under 1640 for two days in a row. More support is at 1615 to 1609 and 1586, buy at 1577 , risk 30 pts.

Resistance is near 1707 and 1757 then 1768 , sell at 1760 , risk a close over and 1782 for two days in a row.

December Live Cattle Recommended Position long at 6865 ,6920 & 6677
Long Dec Short June at -165.

Support should appear at 6677 and the 6632 region, over 6647 is friendly ...Resistance is near 6752 then 6777 a close over 6752 for more than a day or two is Buliish for a pop to then 6817.

October Feeder Cattle
Resistance is near 7737 beyond that 7837 to 7852 Early Support is at 7707.Below that 7657

December Hogs Recommended Position Long at 6350
Early support is near 6165 and 6137..Resistance is 6217 and 6250, a close over 6250 indicates a trade to 6317 and 6332. above that 6407 .. a close over 6222 is friendly

Stay tuned ...

Feb Bellies Recommended Position Long at 6387
Early Support is at 6087 and 6027 should hold.

Resistance is near 6162 and 6242. a close over 6162 augurs for a trade to 6330 then 6550

Trade Accordingly.

Dec Bonds
Support is at 115-04 below that 114-30 and 114-04 , buy and 114-04 and risk 10 pts. ..Resistance is at 116-04 / 116-06 beyond that 116-14.. day trader can sell dec bonds at 116-06 and risk a trade over 116-26...more resistance is near 117-03...

Dec SP500 Recommended position short at 968.40
On the Downside, Early and critical support is 978.10 , below that 777.90...below that 976.100 then 973.70 and 972.10 Below that 970.90. A close under 978.00 indicates a slip towards the 973.70 then 970.60 region with 967.35 below that... under 967.35 , 964.10/ 963.60 and the 962.50 region should hold ..However failure there indicates a slip towards 961.90 and 961.10 where buyers should appear....if not ...and it gets sold a slip towards 958.15/ 957.85 is likely , below that support lies at 954.20 to 953.25 , buy at 954.20 for a bounce.. stay tuned... Below that 952.60 is likely to trade. Failure at 952.60 basis the close indicates indicates a slip to 946.90 to 944.50 where traders should buy for a good turn higher , risk a trade under 942.10.., Below that 934.70 then 929.50 and 927.40 offer support Buy at 929 risk 200 pts Failure to hold 927.40 is negative and should yeild a decline towards the 923 / 918.40 region with 915.60 Below that ... If a Sharp selloff does occur (for what ever reason) 910.05 is the downside target....

Resistance should appear near 982.10 then 983.70 and 985.10 beyond that 987.40 and 991.70 to 992.10 and 993.70

The Dow Jones Industrial Average
Early Support is 8052 then 8044 with 8029 and 8010 as critical , a close under 8029 augurs for a slip to 7991 and 7987.5 where support remains.... Resistance is firm near 8088 and 8119 with 8163 above that..

Happy Trading

Bill

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