THE WINDY CITY WORKSHEET
(May 16, 2000) JULY CORN: Trend neutral. Support 2.31. Resistance 2.46-1/2. Might reach $2.32 gap. Not much more though.
JULY SOYBEANS: Trend neutral. Support 5.33. Resistance 5.60. Filled gap at $5.39. Rally over $5.54 pushes higher.
JULY SOYBEAN MEAL: Trend neutral-up. Support 178.00. Resistance 188.00. Strong support 178-180.
JULY SOYBEAN OIL: Trend down. Support 15.75. Resistance 17.45. Current correction is good buying opportunity.
JULY WHEAT: Trend up. Support 2.70. Resistance 2.96. Best action in nearly 2 years.
JULY OATS: Trend neutral. Support 1.14. Resistance 1.30. Downside limited now after pullback.
JUNE LIVE CATTLE: Trend neutral-down. Support 67.70. Resistance 70.25. Consolidating at these levels. Higher long term.
AUGUST FEEDER CATTLE: Trend neutral-down. Support 82.00. Resistance 85.00. Up and down continues. Bias lower short term.
JUNE LEAN HOGS: Trend neutral-down. Support 68.00. Resistance 75.20. Should push to 6800-6600 soon.
JULY PORK BELLIES: Trend neutral. Support 83.00. Resistance 93.50. Psychology shifts to sell on rallies.
JUNE BRITISH POUND: Trend down. Support 150.00. Resistance 155.00. Trying to consolidate here at 150.00.
JUNE SWISS FRANC: Trend neutral-down. Support 57.50. Resistance 61.00. Short-term bottom in place 6000 soon.
JUNE JAPANESE YEN: Trend down. Support 91.70. Resistance 94.00. Broke under major support. 8800-9000 soon.
JUNE DEUTSCHEMARK: Trend down. Support 45.50. Resistance 48.00. Not much expected up or down near term.
JUNE CANADIAN DOLLAR: Trend down. Support 66.75. Resistance 68.25. Close over 6750 pushes to 6825.
JUNE U.S. DOLLAR: Trend up. Support 108.90. Resistance 112.00. Highest levels since early '80's. Topping out here.
JUNE EURODOLLARS: Trend down. Support 93.00. Resistance 93.25. Will have trouble breaking under 9300.
JUNE U.S. TREASURY BONDS: Trend down. Support 92.26. Resistance 96.08. Near-term bottom is in. Pushes to 9608.
JUNE GOLD: Trend neutral. Support 273.60. Resistance 284.00. Rally over $280 should spark move to $288.
JULY SILVER: Trend neutral. Support 4.97. Resistance 5.24. Rally over $5.26 pushes to $5.38 then $5.50.
JULY COPPER: Trend up. Support 82.00. Resistance 88.00. Should see 8800-9000 next two weeks.
JULY PLATINUM: Trend neutral. Support 462.00. Resistance 490.00. Market needs to be sold between $490-$500.
JULY HEATING OIL: Trend up. Support 68.50. Resistance 80.00. Will get crushed if gas or crude break.
JULY UNLEADED GAS: Trend up. Support 81.00. Resistance 100.00. OPEC not to blame this time.
JULY NATURAL GAS: Trend up. Support 308.00. Resistance 350.00. Potentially a great short sale. Put option?
JULY CRUDE OIL: Trend up. Support 27.00. Resistance 31.00. Like NASDAQ stocks--hype stronger than reality.
JULY COCOA: Trend neutral. Support 7.95. Resistance 8.80. Rally looks to be for real this time.
JULY SUGAR: Trend up. Support 6.30. Resistance 7.20. A lot of resistance near 720.
JULY COTTON: Trend up. Support 55.00. Resistance 64.00. World demand strengthens. Lower crop probable.
JULY ORANGE JUICE: Trend down. Support 78.00. Resistance 86.50. ZZZZZ!
JULY COFFEE: Trend down. Support 90.00. Resistance 103.00. 9300-10300 probable range for now.
JULY LUMBER: Trend down. Support 280.00. Resistance 305.00. Might try to fill gap up at $305.
JUNE NYFE: Trend neutral. Support 625.00. Resistance 675.00. Upside momentum slowing.
JUNE DOW: Trend neutral. Support 10350. Resistance 11150. Looking a bit toppy near term.
May 16, 2000 Stephen Connell and William Frejlich The Windy City Trader P.O. Box 1673, Chicago, Illinois 800-443-2360
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