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  August 6th  1997 
6:00 AM EST

            On the Frenzied Forex Front

Sept. J-Yen
Recommended Position Long at 8566
Nearby Resistance is at 8438 then 8483, .More Resistance remains 8513 Support is at 8413, then 8378 Beyond that augurs for a slip to 8356 where buyers should have orders resting for a long position. Risk a close under 8300.

Trade Accordingly.

Sept. Swiss Franc
Nearby Support will appear at 6536 then 6486 where traders can buy, for a bounce. Below that 6458 offers some support. Resistance is at 6558 to 6581.Above that 6601 offers res.sell there for a quick turn lower ...Beyond that 6636 should trade...

Sept. British Recommended Position Long at 164.20 and 160.90
Early Support is near 157.90 then 156.90. Resistance is near 161.50, above that 162.60

Sept. D-MarkRecommended Position Long at 5356
Resistance should appear near 5327 then 5371. Support is near 5277 then 5259
Trade Accordingly.

December Gold Recommended Position Long at 328.80
Resistance is near 327 then 332 a close over 332 augurs for a test 338 then 345..Where Sellers can short the 'Yellow Metal' for a turn and risk a close over 349 for two days in a row. Support should appear at 321.1 then 317

Sept. Copper Recommended position long at 110.10 and 106.95
Resistance is near 107.40 , then 108.55 Support is 105.45 and 103.75. Below that below that traders should buy at 103.45 for a good bounce, risk 150 pts .

Trade Accordingly

Oct. Platinum
Support should appear near 427 then 422.5 where traders should buy for a turn higher risk $4.00 Resistance is near 442. A close over 443.

Sept. Silver Recommended Position Long at 450
Support should appear near 421, traders can buy for as bounce .More support is near 419 where long term long term traders can buy for a position, risk a close under 413 for three days in a row.Resistance is near 442. Beyond that 457 then 469 offers reistance , sell at 469 for a turn, risk a close over 476 for two days in a row.

Sept. Crude Oil.
Support is 2035 then 2013, where traders can buy for bounce, risk, 20 cents Resistance is near 2085. Above that 2109 to 2116 offers some Resistance. However A close over 2088 augurs for a thrust to 2170 and beyond. A close under 2035 is negative.

Trade Accordingly..

Sept Unleaded
Support is near 6605 More Support is near 6545 then 6470. Resistance is near 6745 then 6805 offers a selling region....Beyond that 6845 offers res. sell there risk 100 pts.

Sept Heating Oil. Recommended Position Short at 5845 Risk a close over 5930 for two days in a row.

Support near 5720 below that 5635 then 5515 is where traders can buy for a turn higher, risk 80 pts. Resistance is at 5835 then 5865 to 5930

Trade Accordingly

November Beans
Resistance is near 647 then 651and 657. Beyond that 661 3/4 offers sellers.
Support is at 633 3/4 and 628 3/4. A close below that augurs for a trade to 619.

A close under 633 is negative.

Dec Soybean Meal Recommended Positon Short at 208
risk a close over 214 for three days in a row.

Support is near 209. then 204
Resistance is near 212.8 then 214.7

Dec Soybean Oil
Nearby Support is near 2204 then 2170 Resistance is near 2270 With Good sellers at 2292 and 2313.

Sept Corn
Resistance is near 259 1/2 Then 262. Sell there risk 6 cents. Support is at 254 1/2 and 252.
A close under 254 is negative.

December Wheat
Resistance is near 372 then 378 .Support is near 366 then 360 , buy for a bounce at 360 risk 7 cents

A close under 366 is negative....

Trade Accordingly

October Cotton
Support is near 7415 below that 7380 is where traders can cover/buy for a bounce, use a stop close under 7305 for 3 days in a row. Resistance should appear near 7515 then 7605

October Sugar
Support is near 1154 , below that 1149, where traders can buy for a bounce, risk a close under 1141 for three days in a row. Resistance is near 1170 then 1178. Beyond that sell short at 1192 for a turn, risk a close over 1211 for three days in a row.

September the' Monster' Coffee Recommended Position Short at 204.2
Support is near 201.35 then 199.20,a close/trade under augurs for a test of 194.95 below that 191.20.Resistance is near 204.10, beyond that 205.10. 'Hearty' traders can sell at 204.20, risk a close over 205.5 for three days in a row.

A close under 199.20 is negative.

Have your' Steel Cup' Ready

November Orange Juice Recommended position long at 77.25
Resistance is near 7770 then 7915, a close over 7920 augurs for a test of 8120. Support is near 76.70 buy there for a turn higher , risk 100 pts. Below that 7585 offers mild support.Then 7490 and 7420.

Sept Cocoa Recommended Position Long at 1535 and 1484
Support is near 1479, Below that a slip to 1429 is likely. Where traders should buy for a bounce risk 35 pts.Resistance is at 1522 then 1529 and 1545 Beyond that 1597.

Trade Accordingly.

Sept Lumber Recommended Position Short at 361.30
Support is near 361.50 to 360.40 then 356.00 .Resistance is near 366.60 beyond that 369.00. Above that 37110 offers resistance.

The Lively Livestock

Oct Cattle:
Nearby Support is at 6887 where traders should buy for a bounce risk a trade under 6807. Resisitance is near 6962 then 7037

Trade Accordingly.

October Feeder Cattle
Support is at t 8017. buy there for a bounce risk 70 pts. Restance is at 8112 then 8170

October Hogs Recommended Position Short at 7450
Risk a close over 7602 for three days in a row

Nearby Resistance is at 7467. Support is at 7315 then 7297

Seel at 7340 stop to add , hold on a close under 7397.

Trade Accordingly.

August Bellies Recommended position Short 4 avg 8110
Support is near 8525 then 8465 , a close under 8485 augurs for a slip to 8365.
Resistance is near 8717 .Above that 8880 offers Res.
-From the Frying pan into the Fire-

Sept Bonds
Resistance is near 114-22 , sell there for a turn lower , risk 5 pts. More Resistance is near 114-26
Nearby Support is 114-12 , below that 113-22, a close under 114-22 augurs for a test of 113-20, a close under 113-20 is negative .for a move to 112-24. A close unde 114-26 leaves the Downside Momentum intact...

Trade Accordingly

Sept SP500 Recommended Position Short at 955.10 and 958.35
On the Downside, Early and critical support is 954.20 below that 952.60 then 949.95 then 948.45. A Trade under 948.45 augurs for a pullback to the 946.20 then 944.50. Below that 941.20 is likely to trade. In Fact Any trade under 948 for any length of time indicates a pull back to 944.50. then 942.60 and eventually 941.20

On the Upside, Resistance is firm at 960.85, beyond that 964.45 offers resistance.,Sell at 964.20 and 965.15 for a turn. Additionally 966.05 offers selling pressure. Beyond that 975 is likely to trade.

A close under 957.55 is negative...

Happy Trading

Bill

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