MAY 1997

JUNE BONDS: Monthly close is 109.09. Trend is up. Trendline support 108.25, 107.16; resistance 110.20, 111.10. 108.25 is pivotal on a weekly basis.

SEPTEMBER EURODOLLARS: Monthly close is 93.875. Trend is neutral. Trendline support 93.550, 93.370; resistance 93.910, 93.970.

JUNE YEN: Monthly close is .7925. Trend is down. Trendline support .7850, .7750; resistance .8160, 8360. Oversold with correction potential.

JUNE D-MARK: Monthly close is .5800. Trend is down. Trendline support .5710, .5625; resistance .6125, .6550. Oversold with correction potential.

JUNE S&P: Monthly close is 802.80. Trend is positive. Trendline support 791.50, 778.00; resistance 818.00, 842.00. 827.80 June contract high is vulnerable.

JUNE NIKKEI: Monthly close is 19,390. Trend is positive. Trendline support 18,520, 17,750; resistance 19,950, 20,350. Weekly chart increasingly positive.

JUNE GOLD*: Monthly close is 341.2. Trend is neutral/negative. Trendline support 346.8, 341.0; resistance 370.0, 376.0.

JULY SILVER*: Monthly close is 4.693. Trend is neutral/negative. Trendline support 4.450, 4.380; resistance 4.940, 5.180.

JULY COPPER*: Monthly close is 111.35. Trend is positive. Trendline support 108.40, 105.00; resistance 115.30, 117.90.

JUNE CRUDE*: Monthly close is 20.21. Trend is pot. reversal. Trendline support 19.30, 18.80; resistance 20.30, 22.70. 20.30 is pivotal in correction attempts.

JULY BEANS*: Monthly close is 8.870. Trend is positive. Trendline support 8.700, 8.37; resistance 9.16, 9.46. In position to drive over 9.00.

JULY WHEAT*: Monthly close is 4.335. Trend is positive. Trendline support 4.100, 3.850; resistance 4.510, 4.780. Despite the delay, 4.650 stays vulnerable.

JULY CORN*: Monthly close is 2.932. Trend is positive. Trendline support 2.850, 2.720; resistance 3.120, 3.280.

JUNE CATTLE*: Monthly close is 64.75. Trend is positive. Trendline support 63.85, 62.70; resistance 66.50, 68.10.

JUNE HOGS*: Monthly close is 83.55. Trend is positive. Trendline support 82.80, 80.90; resistance 86.10, 87.25.

JULY COTTON*: Monthly close is 73.65. Trend is negative. Trendline support 71.25, 69.75; resistance 74.10, 74.60, 77.00.

JULY SUGAR*: Monthly close is 10.96. Trend is negative. Trendline support 10.36, 8.65; resistance 11.09, 11.26. Below 10.20, prices can break sharply.

MAY COCOA*: Monthly close is 1400. Trend neutral/negative. Trendline support 1365, 1210; resistance 1585, 1675.

MAY COFFEE*: Monthly close is 210.40. Trend is positive. Trendline support 208.00, 201.00; resistance 231.00, 236.00. Poised to take out standing monthly highs.

ALUMINUM: Monthly close is 1648. Trend is positive. Trendline support 1590, 1550; resistance 1710, 1760, 1845. Facing tough resistance through the 1760 area.

GSCI: Monthly close is 196.77. Trend is pot. reversal. Trendline support 193.25, 191.80; resistance 197.00, 211.00. 192.00 remains pivotal.

CRB: Monthly close is 248.29. Trend is neutral/positive. Trendline support 245.75, 243.00; resistance 251.00, 257.00.

* Components of the CRB Index.

May, 1997
Dean Witter, Inc.
150 South Wacker Drive,
Chicago, Illinois

Consensus National Futures and Financial On Line Index
Technical Corner Index

Added to the WWW 05-10-97
Last updated on 05-10-97

Hosted by:
One Crossroads Place
610 West Maple Ave, Suite WWW
Independence, MO 64050
(816) 252-4080
sysop@kcmo.com

wmeubank@ocp.kcmo.com