August 13 1997 5:45 PM est
Sept. J-Yen Recommended position
Long at 8672
Near term resistance is at 8752 to 8754, a close over augurs for a
trade to 8965....More Resistance is near 8762 then 8777 beyond that 8810
offers resistance, beyond that 8856 then 8965 should trade. A close over
8965 augurs for a trade to 9044 to 9060 . Traders should Sell at 9068 for
a 2-day turn lower, risk a close over 9060. Beyond that 9266 is likely
, then 9480 where Position traders should sell and risk a close over 9526
for three days in a row.
On the Downside Nearby Support should be evident at 8654 buy there for
a bounce, risk a trade under 8633 A failure at 8617 would augur for a slip
to 8564 where minor support rests, below that traders should buy at 8484
for a turn higher , risk a close under 8480. Beyond that augurs for a slip
to 8406 where buyers should have orders resting for a long position . Risk
a close under 8355 for two days in a row.
Trade Accordingly.
Sept. Swiss Franc Recommended
Position Long at 6610
Support should appear at 6615 to 6607 . Below
that 6557 then 6529 offers some support. Buy there for a bounce risk 30
pts. Early Resistance is at 6657 to 6673 , then 6707 to 6715 a close over
6708 augurs for a trade to 6747 sell there for a quick turn risk a close
over 6797 for three days in a row. Above that 6817 is likley then 6836.
Sept. British:
Early Support is at 15740 below that 155.06 offers
support ,buy there for a turn higher risk a close under 153.50 for three
days in a row. Resistance is near 159.76 then 160.90 sell there for a turn
, risk a close over 161.50 for three days in a row.
Sept. D-Mark
Resistance should appear near 5484 above that
5498 , beyond that 5548 offers resistance,Short term traders can sell short
at 5553 for a turn, risk a close over 5577 initially.Stay tuned. Beyond
that 5633 is likely. Support is near 5356 then 5344, buy there for a bounce,
risk a 20 pts
Trade Accordingly.
Precious Metals
December Gold Recommended Position
long at 328.80
Long term traders should have buy orders waiting
to assume longs for the 'pull' at 326.90 risk a close under 315.0 for three
days in a row. More Support is at 324.9 .Resistance is near 338 then 341.2
A close over 338.5 augurs for a thrust to 345..Where Longs can sell calls
or exit positions and await a dip to re-buy. A close over 348 augurs for
a trade to 353 where traders can short the Yellow Metal for a turn only
, risk a close over 356.
Be Long ...Conservative Traders Should Buy April and Feb Gold 370 Calls to maintain exposure on the long Side... .
Sept. Copper Recommended Position
long at 105.80
Resistance is near 105.80 then 106.70, a close
over 105.85 augurs for a test of 107.65 then 109.60, above that sell at
113.90 for a turn lower , risk a close over 114.10 for two days in a row.
Support remains at 103.85 and should hold. if not Buy at 101.65 for a bounce
stay tuned.
Trade Accordingly
Oct. Platinum Recommended Long
at 437
Support should appear near 427 where aggressive
traders can begin to buy, more support rests near 417 where traders should
buy for the 'pull' Risk a close under 401 for three days in a row.Resistance
is near 437 then 455. Beyond that 464 and 478 close over 478 augurs for
a trade to 500.
Buy dips
A close over 438 is Bullish....
Sept. Silver Recommended Position
long at 450
Support should appear near447 then 442 , below
that 432 where long term long term traders can buy for a position, risk
a close under 425 for three days in a row. Resistance is near 457 then
468.5 sell there for a turn or to exit , stay tuned ...beyond that 482
should trade...
Be long.
The Exciting Energies
Sept. Crude Oil.Recommended Position
Short at 2026, risk a closer 2047.
Support is near 1995 to 1991 ,below that 1970
offers support ,buy there for a bounce . Below that 1955 1915offer good
support, buy there for a turn higher.. stay tuned... 1882 offers support
where traders should have buy orders waiting for a good bounce , risk a
close under 1865 for three days in a row. Resistance is at 2020 then 2046
sell there risk 20 pts. More Resistance is near 2088 , a close over 2088
augurs for a thrust to 2170 and beyond.
Sept Unleaded Recommended Short
at 6480, risk a close over 6690 today only.
Support is near 6585 then 6475 , below that 6435
then 6325.Ressistance is near 6685 then 6780
Sept Heating Oil. Recommended
Position long at 5470
Support is near 5515 then 5465. Below that 5325
, 5205 offers a buying region and where traders can buy for a turn higher
and risk a close under 5190 for three days in a row. Near term Resistance
is at 5690. Exit longs & Sell short at 5710 , risk a close over 5790
for three days in a row. More Resistance is near 5980. Sell at 5945 for
a turn and risk a close over 6035 for two days in a row. Stay Tuned
Trade Accordingly
The ‘Grande’ Grains
November Beans Recommended position
Long at 617 & 608
Resistance is near 620 to 624 a close over 624
augurs for a test of 638, More Resistance is near 644 then 649 to 652,
sell there risk 7 cents, a close over 653 augurs for a pop to 668, sell
there risk a close over 675 for two days in a row.
Support is at 596 where traders should buy with BOTH HANDS for the pull
and pray for an early frost.
Trade Accordingly
Dec Soybean Meal
Support is near 196.5 where traders should Buy for
a bounce risk a lose under 192.20
Resistance is near 204 a close over augurs fr a test of 208 More Resistance
is near 212.5 then 216.6 sell t at 217 risk a close over 222. for three
days ina row.
Dec Soybean Oil Recommended position
Long at 2185
Buy Dec Bean Oil at 2183 to 2176 , risk a close
under 2126 for three days in a row on either.
Resistance is near 2290 a close over indicates a trade to 2339.
Be Long...
Sept Corn Recommended Short at
268 1/2
Early support is 262 then 258, buy there for a
bounce risk 5 cents, Resistance is 266 then 268. Above that 272 is firm....
December Wheat Recommended positon
Long at 379 3/4
Resistance is near 381 then 385,beyond that sell
to short and exit at 388 and risk a close over 392 for three days .in a
row. Support is near 374 3/4 , Below that Buy at 368 with BOTH HANDS for
a good bounce risk 5 cents.
Trade Accordingly
The Satisfying Softs
October Cotton
Support is near 7455 then 7415 Resistance should
appear near 7555 beyond that 7620 sell there for a turn risk a close over
7690 for two days in a row.
October Sugar Recommended position
Long at 1149.
Support is near 1140 then 1121 where traders can
buy for a bounce, risk a close under 1106 for three days in a row.More
Support is at 1092. Resistance is near 1150, a close over1151 augurs for
a rally to 1190 where traders can exit/sell for a turn, risk a close over
1203 for three days in a row.
September the' Monster' Coffee Recommended
Position Long at 203.65 & 183
Early support is 182.20 Buy at 181.55 for a bounce', risk a trade under
179.00, A couple of closes under 179 indicates a slip to 155 is likely.
Resistance is near 188.60 then 192.25 then 201.90 /202.05 . a close over
185 indicates a test of 193 then 202. Beyond that 212.50 and 215., a close
over 215 augurs for a rally to 222 then 239 where 'Hearty' traders can
sell at 237.00, risk a close over 240 for three days in a row.
Have your' Steel Cup' Ready
From the Cold can to the Boiling Water.. waiting for it to Perculate up again.
November Orange Juice Recommended position Long at
7725 and 8200
Support is at 8080 , more support should appear at 7985 , Resistance
is near 8235 then 8475 where traders should consider exiting 1/2 of longs
...stay tuned
A close over 8120 is friendly..
Sept Cocoa Recommended Position
Long at 1535
Support is near 1498 then 1479 , below that 1459
is where traders should buy for a bounce risk a close under 1439 for two
days in a row. More support is at 1446. Resistance is near 1529 then 1549
, a close over 1529 augurs for a test 1576. Beyond that sell short at 1595
risk a close over 1615 for three days
in a row.
Sept Lumber Recommended Position long at 344, risk a close under 338 today only
Support is near 341.30, More Support is 338. where traders can buy for a bounce risk a close under 330.Resistance is near 344.70 then 346.10, beyond that 350.30
Trade Accordingly.
The Lively Livestock
Oct Cattle: Recommended Long at
6972
Support is at 6982 then 6907. Resisitance is near
7010 then 7057 , beyond that 7122 offers a selling region, sell short /exit
at 7122 risk a close over 7170 , for three days in a row.then wait to buy
a dip to re-enter longs.
Trade Accordingly. and stay tuned...
October Feeder Cattle Recommended Long at 7965
Resistance is near 8132 a close over augurs for
a test of 8165 then 8195, a close over 8195 augurs for a test of 8245..
Trade accordingly.
October Hogs Recommended Position
short at 7180
Nearby Resistance is at 7237, sell at 7232 for
a quick turn lower , risk 50 pts. Above that 7317 to 7332 offers resistance
, sell at 7317for a turn, risk 120 pts.
Support is at 7182 then 7137 , below that 7057. The close under 7210 augurs
for a test of 7012 , buy or cover at 7022 , risk a close under close under
6927 for three days in a row.
A close under 7215 keeps charts on the defensive...
August Bellies
Support is near 8442 then 8367 below that
8247, a close under 8367 augurs for a test of 8005
Resistance is near 8627 sell there for a turn lower, risk a close over
8777 for three days in a row.
Feb Bellies
Support is at 7237 offers support , buy 7237 risk
a close under 7097 for two days in a row. Resistance is near 7680 sell
there for a quick turn down , risk a close over 7847 for three days in
a row. stay tuned
U.S. 30 Year Bond Futures.
Sept Bonds
Resistance is near 113-10 should occur , above
that 113-28 is likely, and where resistance should be firm. Position traders
should Sell short at 113-25 risk a close over 114-05 for three days in
a row. Above that 114-08 offers heavy resistance.
Nearby Support is 112-28 then 112-16 to 112-08. below that 111-28 , 111-22
has firm support , a close under augurs for a test of 111-07 If 111-07
fails to hold , then 110-28 should trade, a close under that would yeild
an eventual slip to 109-28 then 109-15.
Trade Accordingly
Standard and Poor's SP 500 Index Futures
Sept SP500
On the Downside, Early and critical support is
923.60
Below that 921.80 offers supports. then 917.40 , below that .Buy at 915.60
for a turn higher ..stay tuned, 915.15 and 914.05 to 913.30 offer support
also. A close Below 914,05 augurs for a test of of 906 00 with 904 below
that..If the market falls to 897.40, go long for a good bounce. A close
under 893.40 augurs for a pull back to the 882.00 region , failure there
indicates a slip to 872 then 868.30 with 840.60 the place where traders
should Buy and Hold.
On the Upside, Resistance is at 930.05 to 931.60 then 934.70 to 935.70
and 937.80 to 938.30 , beyond that 942.90 with 944.40 above that . Good
sellers are 945.65 to 947.50 sell short at 945.65, risk a close over 951.45
for two days in a row. Above that 953.70 offers resistance , beyond that
957.60 then 962.30 should bring out good sellers. Sell at 962.50 for a
turn lower. Stay Tuned More sellers should appear near 966.25 where hearty
traders should sell short for a turn lower.
Trade Accordingly and Stay Tuned...
Happy Trading
Bill
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