Forex ...Precious Metals ...Energies....Grains...Softs...Livestock...Bonds..SP500
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.
Thurs July 24 1997
04:45 Hrs AM NYC TIME
Sept J-Yen
Good Resistance is near 8781 where traders should sell for a turn , risk 30 pts. Beyond that day traders can sell 8830 and risk 20pt. Support is near 8646 where traders can buy for a bounce risk 20 pts. Beyond that a drop to 8589 is likely.
Trade Accordingly...
Sept Swiss Franc
Early resistance is near 6799 sell there risk 25 pts above that 6906 is where traders can look to short for a position , risk a close over 6955.Nearby Support is at 6703 , a close under 6750 augurs for a test of 6673 , Buy at 6662 for a bounce , risk a close under 6640 for two days in a row...
Sept British:
Support is near 165.50 where longs can be established for a bounce , risk a close under 164.20 for three days in a row. More support is near 162.66. Resistance is near 167.90 then 16890 and 169.60, sell 16960 for a turn risk a close over 170.60. for two days in a row.
Sept D-Mark
Resistance should appear at 5537 then 5570 and 5678 . Beyond that 5716 is where short term traders can sell for a turn, risk a close over 5741..stay tuned Support is near 5437..
Prescious Metals
August Gold
Long term traders should have buy orders waiting to assume longs for the pull.at 305.50 risk a close under 303.5 for two days in a row...Resistance is near 337 .Where Sellers can short the Yellow Metal for a turn and risk a close over .345 for two days in a row..Nearby Traders should buy at 322.7 for a bounce risk a trade under 314.
Sept Copper
.Recommended Position long at 109.65.
Resistance is near 108.65 thern 109.00 .A close over 108.75 augurs for a test of 110.60 . Support is near 104.65 .then 104.45
Trade Accordingly..
Oct Platinum Recommended Position short at 410
Support should appear at 406 then 396.Resistance is near 410 then 416,
.
Sept Silver:
Support should appear near 425 , below that 405/401 where long term long term traders can buy for a position, risk a close under 398 for three days in a row. Short term players can buy 422 for a bounce risk 6 cents. Resistance is near 434 then 448 beyond that a test of 457 is likely , sell there for a turn , risk a close over 465 for two days in a row
Trade Accordingly...
The Exciting Energies
Sept Crude Oil.
Support should appear near1921 where day traders can buy for a bounce , risk 35 pts.Resistance is near 1982
.August Unleaded
Support is near 5935 Then 5830 . .Resistance is near 6135 and 6220..
August Heating Oil
Support is near 5055 where agressive traders can buy for a turn higher and risk 80 pts Resistance is near 5325 and 5645, sell 5645 for a turn and risk a close over 5730 for three days in a row.
Trade Accordingly..
The ‘Grande’ Grains
August Beans
Support is near 728 , buy there for a bounce , risk 7 cents.More support is near 714 1/4 . Resistance is near 737 beyond that 742 and 756.
Trade Accordingly...
November Beans
Support is near 590 then 583, below that 580 where traders should Buy for a turn higher , risk a close under 565 for three days in a row...Resistance is near 606 above that. 613 and 615
Trade Accordingly....
Dec Soybean Meal.
Support is near 190.7 , below that a slip to 188.6 is likely , traders can buy at 187.9 for a turn higher, risk a close under 185.9 Resistance is near 197 then 200.9 Sell near 203.7 for a turn risk a trade over 207.
Dec Soybean Oil Recommended Long at 2216
Nearby support is at 2198 then 2186.
Resistance is near 2233 above that 2276 offers selling then 2339 .
Bullish long term....
Sept Corn
Resistance is near 249 to 251. .Support is near 242 1/4 , under that 239 , a close under 246 augurs for a drop to 239 1/2 .
Trade Accordingly.
December Wheat
Resistance is near 373. Support is near 357 then 351.
Trade Accordingly.
The Satisfying Softs
October Cotton
Support is near 7295 then 7245 where traders can buy for a position, use a stop close under 7140 for three days in a row. Resistance should appear near 7530 then 7575, sell at 7575 for a turn risk a close over 7675 for two days in a row.
October Sugar Recommended Short at 1130 Risk a close over 1158 for two more days in a row.
Support is near 1151 then 1111 below that 1087 is where traders can cover/ buy for a position, risk a close under 1056 for three days in a row.Resistance is near 1176
A close under 1157 is negative.
September the' Monster' Coffee Recommended Long at 159.65
Good Support remains at 149.60 to 148.95 buy at 149.60 for the 'pull'. risk a close under 147 for three days in a row. Position traders should sell short at 173.45 , risk a close over 179.50. More resistance is near 181 then 187. Hearty traders can sell near 212.50 , risk a close over 213.5 for three days in a row...
Stay Tuned & Have your' Steel Cup' Ready
November Orange Juice Recommended Position Long at 7860.
Risk a close under 7650 for two more days in a row... Resistance is near 7775 then 7910, Above that 8120 should trade. Support is near 7575..then 7490.
A close over 7670 is friendly.
Sept Cocoa Recommended position long at 1535 hold , risk a close under 1490 for three days in a row..
Support is near 1495, buy there for a bounce, risk 15 pts . Below that a slip to 1462 is likely, have buy orders waiting at 1459 for a bounce risk a close under 1422.. Resistance is near 1522 then 1545 and 1585.Above that Go short for a turn at 1644, risk a close over 1655 for three days in a row.
A close over 1513 is friendly...
The Lively Livestock
August Cattle
Nearby Support is 6512 where traders should buy for position and a turn higher, risk a close under 6407.Resisitance is near 6607 and 6677 beyond that 6740..
Trade Accordingly..
August Feeder Cattle
Good support is 8137 ,medium term traders should have buys waiting.at 8137 risk 50 pt. Resistance is near 8300 then 8317, beyond that a test of 8377 is likely...
August Hogs
Support is near 8010 traders can buy at 7957 for a bounce. risk 60 pts. .Below that 7910 should hold basis the close If not, slip to 7640 is likely.... .Resistance is near 8117, above 8157. Traders should sell at 8225 for a turn risk a close over 8317 for three days in a row..
Trade Accordingly...
August Bellies Recommended position Short at 8307, 7785 and 7947(Flashes,MC)
Support is near 8257 then 8117 , a trade under augurs for a test of 8012.. Resistance is near 8382 then 8482.
Stay Tuned
Bearish...
A close under 8257 augurs for a test of 8000.
U.S. 30 Year Bonds.
Sept Bonds
FuturesCom exited the Recommended Bond Shorts on the close over 105-05 yresterday...
Early support is near 114-22 then 114-18, buy there for a bounce risk 5 pts..
Resistance is near 115-25 then 115-28 sell there for a turn risk 5 pts.,
Standard and poor's SP 500 Index
Resistance is near 945.35 then 948.35 above that 952.60 to 954.20 offers a selling region.Beyond that 955.15 should trade. Support is at 942.90 then 939.45 below that 934.70 should trade , a close under 939.50 is negative...and would most likely lead to a slip towards 931.4....
Happy Trading ..
Bill