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 Sept 10
6:52 PM EST

Dec-Yen
Early Resistance is near 8558 then 8588 offers good resistance.Traders should sell at 8588 , risk a close over 8620 for three days in a row. Nearby support is at 8458 then 8398, below that buy at 8346 for a turn , risk a close under 8329 or a trade under 8290. A failure of 8300 basis the close augurs for a test of 8223, traders should have buy orders waiting at 8223 for a bounce , risk a trade under 8189.

Trade Accordingly..

Dec Swiss Franc Recommended Position long at 6836 & 6776\
Early support is 6818 then 6809 , below that 6787 offers support, under that 6767.and 6737.Early Resistance is at 6836. Above that 6867 then 6887 , sell at 6906 for a turn , risk a trade over 6937, beyond that 6976 to 6990 offers resistance, sell at 6989 ,risk a close over 7003 for two days in a row. Beyond that 7094 should trade Stay Tuned...

Trade Accordingly..

Dec. British: Recommended Position long at 157.60
Support is at 157.50 then 156.76 Resistance is near 158.46 and 159.60. Above that 160.44 then 160.90 and 161.50 offer resistance. Traders should sell at 160.44 for a turn lower, risk a close over 160.90 for two days ina row.. Above that augurs for a trade to 162.10 , where it should be sold for a turn , risk a close over 162.90 for two days

Sept. D-Mark Recommended Position Long at 5567
Support is near 5578 below that 5553 and 5521 Support should also appear near 5517 , where traders can buy for a good bounce , risk a close under 5482.Below that 5430 should trade.
Nearby Resistance is at 5603 and 5628 with more at 5640 to 5667 and 5678., sell at 5667 for a turn lower , risk a close over 5692. Beyond that 5716 then 5729 offers reistance, sell at 5729 , risk 20 pts. Beyond that 5790 to 5805 offers resistance , sell at 5792 , risk a trade over 5818.

Trade Accordingly and Stay tuned for FuturesCom Flashes ..

December Gold Recommended Position long at 328.80 & 323.90
Nearby support is at 320.3 then 318 to 315.Below that 308 should hold. Resitance is at 327.8 and 331. A close over 330.5 augurs for a rally to 335 where good resistance rests. Beyond that 338 offers reistance above that 341 to 343should trade . Sell at 343 risk a close over 345.

Be Long ...Conservative Traders Should Buy April and Feb Gold 370 Calls to maintain exposure on the long Side.

Dec Copper
Nearby support is 9670 then 9545, where traders should have buy orders waiting for a turn higher. Risk a close under 9470 for three days in a row. Resistance is at 9755 and 9830 beyond that 9955 Traders should sell at 101.35 for a turn lower risk a close over 102.80 for three days in a row.

Trade Accordingly

Oct. Platinum Recommended Position Long 2 avg 432
Nearby support appear near 419.5 below that 407 where aggressive traders can begin to buy, more support rests near 402 where traders should buy for the 'pull' Risk a close under 399 for two days in a row. Resistance is near 428.7 and 429.5 A close over 430 indicates a 'touch' of 439 ....
Buy dips

December Silver Recommended Position Long at 472& 469
Early support is 465. More Support should appear near 460.5 buy at 458.5 for a position, risk a close under 455 for three days in a row. Resistance is near 479. and 480 , a close over 481 augurs for a 'pop' to 492 where good sellers should appear. Beyond that a test of 501.5 to 509 is likely, If it holds..

Trade Accordingly.

Oct Crude Oil
Early support is at 1931 then 1905, traders should have buy orders waiting for a 2- Day Turn higher at 1905 risk a close under 1901 for three days in a row. Resistance is near 1951 to 1956 and 1976 to 1981 sell at 1976 risk a close over 2001. Where 1997/ 2001 then 2012 offers Resistance. Above that Traders should sell at 2042 risk a close over 2055 or a trade over 2067

Trade Accordingly..

Oct Unleaded
Early support is near 5755 More support is near 5740, where traders should buy for a bounce risk a trade under 5630. Resistance is near 5845 then 5935 and 6125 where traders should sell , risk 100 pts. more resistance is near 6175 then 6280 sell there for a quick turn, risk 70 pts. Beyond that 6470 is where traders should sell for a Position risk a close over 6510 for two days in a row.

a close over 5860 is friendly

Trade Accordingly

Dec Heating Oil. Recommended Position Long at 5565
Support should appear near 5395 and 5335. Resistance is near 5465 then 5500 . Above that 5690 offers resistance, a close over 5745 augurs for a 'pop' to 5840.

A close over 5485 is Friendly

November Beans Recommended Position Short at 628 & 641
Early Resistance is near 649/650 3/4. Beyond that Sell at 662 , risk a trade over 668.
Support is at 636 3/4 , a close under augurs for slip to 622 then 621 where traders should have buy orders waiting , buy at 621 , risk 8 cents. and stay tuned...A close under 621augurs for a break to 611 1/2 where support lies, traders should have buy orders at 611 3/4 for a turn higher risk, a close under 603 1/2 for three days in a row.

Dec Soybean Meal

Support is near 210.5 Buy at 210.5 for a bounce, risk a trade under 208 Early Resistance is near 215 then 219, sell at 219 risk a trade over 223.

Dec Soybean Oil
Buy Dec Bean Oil at 2249 for a bounce , risk a trade under 2218.
Below that 2225 should hold.
Resistance is near 2318 then 2322. Beyond that 2354 should trade. A close over 2355 augurs fora trade to 2414.
Trade Accordingly and Stay Tuned

Dec Corn Recommended Position Long at 261 3/4
Early support is at 263 3/4 , More support is near 258, buy at 256 for a bounce , risk 5 cents. Resistance is near 268 3/4 , sell at 271 Risk a close over 275 for three days in a row.

December Wheat
Early Resistance is near 386 then 391 sell there and risk a close over 398 for three days .in a row. Support is near 377 then 376 where traders should buy for a bounce risk, 5 cents, below that 374 then 368 offers support.

Trade Accordingly

October Cotton
Support is near 7195 Buy there for a boune risk a trade under 7135. Resistance should appear near 7315 then 7480, sell at 7480 for a turn lower risk a close over 7570 for two days in a row.

October Sugar
Early Support is at 1134 with more resting near 1128. Traders can buy at 1128 for a turn higher, risk a close under 1101 for three days in a row.More Support is at 1094, buy at 1094 for a bounce , risk 15 pts. Resistance is near 1143 then 1165 and 1173, sell at 1164 , Risk a close over 1171 for two days in a row. Above that sell at 1192 risk a close over 1207 for three days in a row.

Stay Tuned

December Coffee
Early support is near 180.40 then 178.40 offers support. Buy at 178.40 for a turn , risk 200 pts. Below that 173.10 is likely to trade, If The Coffee Cools off to 16610 Buy for a tuen higher , risk a close under 164.20 ..If that fails a slip to 157 is likely. Resistance is near 184.50 to 185.35 then 187.20 , above that 189.45 and 190.90 More resistance is near 196.35 If the Dec Coffee 'Boils' to 207.65 sell for turn lower, risk a close over 208.80 for two days in a row..

Coffee Trading is Not for widows and orphans ....Have your' Steel Cup' Ready.

November Orange Juice Recommended Position Long at 6810
Early Resistance is near 7000 and 7105. Beyond that 7125 to 7225. A close over 7240 is friendly. Support should appear near 6920 then 6770 where traders can buy for a turn higher , risk a close under 6740 for two days in a row.

December Cocoa
Support is near 1636 to 1626 ,where traders should buy for a turn, risk a close under 1609 for two days in a row. More support is at 1586, then 1565 buy at 1565 , risk 30 pts. Resistance is near 1686 then 1706 and 1719, sell at 1706 risk a close over 1740 for three days in a row.

November Lumber Recommended Position long at 332.80
Support is near 320.90 ti 319.90 below that 318.50 offers support. . Resistance is near 323.40 then 325.90 and 327.00 , above that 331.30.

A close over 324 if friendly.

Oct Cattle: Recommended Position Long at 6972
Support is at 6927 then 68.97 Below that 6862 then 6822. Resisitance is near 6967 , beyond that 7007, a close over 7007 augurs for a trade to 7042 then 7072.

Trade Accordingly.

December Live Cattle Recommended Position long at 6865
and Long Dec Short June at -165.
Nearby Support should appear at 6982 and the 6932 with the 6907 region below that. Reistance is near 7002 and 7012. A close over 7002 Augurs for a 'Thrust' to 7057 then 7077 and 7132.

Bullish ...Buy Dips

Spreaders should maintain Positions in long Dec Short June Cattle

October Feeder Cattle
Early Support is at 8052 Below that 7952, then 7932 Resistance is near 8102, sell at 8117 , initially risk a close over 8137 for two days in a row. More resistance should appear near 8152 .

Trade accordingly.

October Hogs Recommended position long at 7052
Nearby Resistance is at 6987 to 7002. Above that 7067 and 7107, beyond that 7152, sell there for a turn, risk only 40 pts.
Support is at 6932 to 6907 below that 6867 then 6755 where buyers should go long for a turn higher , risk 100 pts.

Trade Accordingly.

Feb Bellies Recommended Position Long at 7237 & 6592
Support is at 6507 and 6487 . Below that 6447 and 6437 offers a buying region , traders should go long at 6430 for a good bounce , risk 100 pts.. Resistance is near 6582 and 6622 then 6732 above that 6817. A close over 6732 augurs for a rally to 6877. A close over 6590 is friendly...

Near term Bullish

Dec Bonds Recommended Position Short at 112-26 Long 2 Oct Bond 111 Puts at 17 Early and critical support is at 112-12to 112-09, an extended trade under or close under 112- 12 is negative, and indicates a decline towards the 111-24 region where minor support rests. Below that 111-12 and 111-09 offer support. Traders can buy at 111-09 for a bounce only ,risk 7 pts. Try to maintain the shorts. Under that 110-20 should hold However a decline towards 109-19 is not out of the question if the Bonds Fail.

Resistance is at 112-20 then 112-25 , beyond that 113-12 , above that 113-16 then 114-12. A close over 113-12 is friendly for a move to 113-16 then 114-12.

Trade Accordingly and Stay Tuned ....

Sept SP500 Recommended Position long at 915.60
On the Downside, Early support is 915.60 /914 support region. below that 911.35 , where more support lies.
Below that 906 /905.25 to 904.40 offers support. Traders can Buy at 906 for a quick turn higher , risk a trade under 904.40 for 15 minutes. Below that 900.50 to 898.15 offers support, buy at 898.15 for a bounce , risk a trade under 896.40 for 15 minutes or a close under 893.40. Stay tuned.

On the Upside, Resistance is at 916.65, above that 917.75 and 918.50 offer minor resistance, beyond that 923.65. A close over 923.65 indicates a 'pop' to 929.90 /930 76 and 931.65 to 934.70. Beyond that 937.80 and 938.80 offers Resistance. Good sellers should raise their heads at 941.25 then 942.90 to 944.50. Sell at 942.90 risk a trade /close over 945.10. for two days in a row. Stay tuned for updates...Above that 947.90 offers firm resistance , sell at 947.90 to 948.55 , risk a trade over 952.60 for 15 minutes.Beyond that 960.80 to 963.30 offers resistance, Sell at 962.50 for a turn lower. Stay Tuned More sellers should appear near 964.10 where hearty traders should sell short for a turn lower, beyond that.A rally to the 993 region may occur.

Dec SP 500 Analysis will be sent later this evening or tommorow Early.

Happy Trading

Bill

9-10-1997 7:42 PM EST

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