You can Join FuturesCom Now for Three Months, Only $200.00. Six Months for Just $ 350 or One Year $600 FuturesCom Investment Publications
Dedicated to Excellence in Analysis of Futures Markets
Bonds.. SP500..
Forex.. Precious Metals.. Energies..Grains.. Livestock.. Softs
Bi-Weekly Investment Outlooks, Special Reports, Morning Comments
Experienced Since 1979 & Serving Professional and Individual Futures Traders World Wide since 1988
5845 Autumn Ridge Rd Lake Worth Florida 33463-6749 Voice 561-433-2995
 


September 30th 1998

"Among the hazards of speculation the happening of the unexpected--
I might even say the unexpectable-ranks high.
There are certain chances that the most prudent man is justified in taking-
Chances that he must take if he wishes to be more than a mercantile mollusk-"
 
-Reminiscences of a Stock operator-
 

Fall Special Thru 9-30-1998 
Sign Up Now for Six Months  and Receive 3 Months FREE with this MEMO !  A $ 200 Value     

Wed September 30th 1998

3:35 AM

On the Frenzied Forex Front

 

Dec. Japanese-Yen recommended position long at 7489
Support
 is 7413 and 7407. Below that 7342 to 7328 should hold. Traders can go long at 7342, risk a close under 7326 for three days in a row.

Resistance is at 7501 and 7520. Above that resistance is at 7544 then 7587 to 7601 and 7675 to 7685. Traders can short at 7685 for a turn

Dec. D-Mark Recommended position short at 5815 and 5945

Resistance is at 6023 to 6035 where a rally should stop. Beyond that good resistance is at 6079 and 6101.

Nearby Support is at 5983 and 5957. A close under 5957 is negative and augurs for a slip to 5929 then 5912 and 5888.

Dec. Swiss

Nearby Resistance is at 7317 and 7328 to 7342 beyond that resistance is at 7367 and 7414 to 7428. Support is at 7257 to 7242. A close under 7242 augurs for an eventual test of the 7170 to 7143 region.

Trade Accordingly

Dec. British Pound recommended position short at 1.6680 and 1.6890

Support is at 1.6860. A close under 1.6860 indicates a test of 1.6744 to 1.6720 is likely.

Resistance is at 1.6960 and 1.7072 to 1.7120

Dec. Canadian Dollar recommended Position short at 6609

Support is at 6591 and the 6577 6571 region. A close under 6577 augurs for a test of 6509 to 6483.

Resistance is at 6628 and 6659.

Precious Metals

Dec. Gold

Support is at 295.70 and 294.90. then 293. Beneath that support is at 290.1 then 287.3 and 284. Traders can buy at 284. Initially plan to risk a close under 282 for three days in a row. Resistance is at 298.70 then 302.3

Dec. Copper: recommended position long at 7405

Nearby Support is at 7485. Below that good buyers should appear near 7425. Below that support should hold at 7360.

Early Resistance is at 7565 and 7625. Beyond that resistance is at 7675 to 7690. A close over 7690 indicates a trade higher towards resistance at 7755 to 7770 and 7810.

Jan. Platinum Recommended position long 2 at 354.60

Nearby Support is at 347.5 and 343.50 where it should hold basis the close.

Resistance is at 350.0. A close over 350.0 augurs for a test of 358.5
Eventually we see a test of 380 for Jan Platinum...if it holds. Be Long...

Dec. Silver

On the DownSide: Support is at 533 and 531 to 530. Below that support is at 523 to 519 then 512.

On the Upside. Nearby Resistance is at 542 to 546 a close over 546 is friendly for a spurt to 559 to 565

The Exciting Energies

Nov. Crude

Early Support is at 1589 and 1584 then 1567 and 1541 to 1535 where it should hold. Traders should consider buying at 1541 for a good bounce. Below that support is at 1529 and 1504 to 1496. Traders can buy at 1504, risk a close under 1484 for three days in a row. Resistance is at 1617. A close over 1617 is friendly for a test of 1634 to 1642 Beyond that a trade towards 1655 is likely to occur. Trade Accordingly

Nov. Unleaded Gas recommended position long at 4513

Nearby Support is at 4565 and 4508. Day traders can buy at 4565 for a bounce, risk 100pts. Below that support is at 4496 then 4446. A failure there on the close augurs for a test of the 4380 to 4370 then 4315 to 4304 where a break may stop. Traders can buy at 4315, risk a close under 4163 for three days in a row. Resistance is at 4650 and 4775.

 

Nov. Heating Oil

Early Resistance is at 4420. A close over 4425 augurs for a test of 4505 to 4515.

Support is at 4295 then 4225. Below that support is at 4205 and 4187. Traders should consider a slip to the 4205 region as a buying opportunity.

 

The Grande Grains

November Soybeans

Support is at 523 3/4 and 522 Day traders can buy at 522 1/4. Below that good support is at 517. Traders can buy at 517 1/2 for a 2-day bounce, Risk 8 cents. Resistance is at 535 3/4 and 536 1/2 then 539. A close over 537 augurs for a test of 548 3/4

Dec. Soybean Meal Recommended long 143.80 and 138.30

Support is near 130.8 to 129.8 Resistance is at 135.4 beyond that good sellers should appear at 138.5 ...Trade Accordingly.

Dec. Soybean Oil recommended position long at 2530 and 2446

Support is at 2423 to 2411. Resistance is at 2454 and 2469. 

Dec. Corn

Early Support is at 209. A close under 209 augurs for a test of 204 1/4 Resistance is at 213 1/4. A close over 213 1/4 indicates at test of 218 to 220.. if it holds and it should
be long...

Dec. Wheat

Resistance is at 277 1/4 and 281 1/4. A close over 282 is friendly for a rally to 287.

Support is at 270 and 265. Day traders can buy for a bounce at 270 1/4 where it should hold

The Satisfying Softs

Dec. Cotton

Early Support is at 7256 to 7242 where it should hold basis the close on any real sell-off. Resistance is 7335 then 7415 and 7485.
Buy this Dip..

March Sugar
Support is at 747 and 735. A close under 735 augurs for a slip to 723 and 712 to 704.

Resistance is at 763 to 767 . Beyond that 787 should cap a rally today.

Dec. Coffee: Recommended Position Long at 111.20

On the downside, Early support is at 104.60. Below that support is at 104.20 and 103.60 to 103.20. On the Upside, Early resistance is at 105.80 and 106.80 a close over 107.10 is friendly for a rally to 109.60 .... Stay Tuned.

Dec. Cocoa

Support is at 1545. Below that 1535 to 1529 offers support.

Resistance is at 1556. A close over 1556 augurs for a test of 1569 to 1576.
Trade Accordingly.

The Lively Livestock

October Cattle recommended position long at 6015

Dec. Cattle

Support is at 6187 and 6112 Resistance is at 6222 and 6272.

October Hogs
Resistance
 is at 4307 and 4377 Support is 4227. Below that support is at 4147

Dec. Hogs

Support is at 4037 and 4022. Below that Traders should buy at 3927 for a turn higher, risk a close under 3907 for three days in a row. Below that 3842 to 3827 should hold.

Resistance is at 4137 then 4172 and 4222 to 4237

Feb. Bellies: Recommended position long at 5500, 5500, 2 at 4825 ,4665 2 at 4870

Nearby Support is at 4762 to 4752 below that 4617 should hold.

Resistance is at 4867 and 4912. Beyond that 5057 to 5067 should trade.

A close over 5067 Augurs for a thrust towards 5152 and 5202 to 5222
--From the Frying Pan into the Fire--

The Sensational Stock and Bond Markets

Dec. Bonds Recommended Position Short at 127-07 and 127-19

On The DownSide, Nearby Support is 129-28 then 129-14. A close under 129-28 is negative and augurs for a test of 128-31 and 128-14.
On the Upside: Resistance is at 130-14 then 130-21 which should cap a rally for a bit. Beyond that 130-31 and 131-08 to 131-14 offer resistance

Dec. SP500 recommended position long at 1057.20

On the DownSide, Early Support is 1047.5. Below that support is 1042.60 to 1038.50 and 1036 , where day traders can buy at 1036 for a good bounce. Put your Own risk on it. A close under 1036 augurs for a test of 1033 to 1030. Below that 1022 should hold.
On the Upside, Resistance is at 1054.50 and 1058. A close over 1058 augurs for a test of 1068 to 1070.50 then 1074.60. Beyond that a trade to 1083 is likely.

Stay Tuned for Updates and Flashes on New Suggestions for the SP500.

 

A ship in Harbor is Safe.. But that's not what ships are built for.

Happy Trading

Bill

Wed Sept. 30 1998

4:25 AM

Copyright@1998 FuturesCom Investment Publications

All Rights Reserved

FuturesCom is Not Responsible for Transmission Errors and Omissions.

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.