wmeubank@ocp.kcmo.com
THE WINDY CITY WORKSHEET
JULY CORN: Trend down. Support 2.64. Resistance 2.86. Trying to find
a bottom. Dec. looks good near $2.50.
JULY SOYBEANS: Trend neutral. Support 8.00. Resistance 8.59. Supplies
still tight. Technicals dragging down.
JULY SOYMEAL: Trend neutral-down. Support 260.00. Resistance 282.30.
One last washout coming before a buy.
JULY BEAN OIL: Trend down. Support 22.30. Resistance 24.27. Cannot muster
any strength.
JULY WHEAT: Trend down. Support 3.50. Resistance 3.84-1/2. 3.50 could
be bottom. Wait for 1 more test.
JULY OATS: Trend neutral. Support 1.56. Resistance 1.72. Holding up
nicely. Dec. looks good near $1.55.
AUGUST LIVE CATTLE: Trend down. Support 62.00. Resistance 65.75. Should
find support very soon.
AUGUST FEEDER CATTLE: Trend neutral. Support 75.00. Resistance 79.37.
Needs to hold above 7500.
JULY LIVE HOGS: Trend neutral. Support 79.30. Resistance 82.75. A rally
through 8275 should push to 8600.
JULY PORK BELLIES: Trend neutral-down. Support 81.65. Resistance 91.25.
Right near support. Bleeding almost over.
SEPTEMBER BRITISH POUND: Trend neutral. Support 161.00. Resistance 165.80.
Still stuck here. No reason to buy or sell.
SEPTEMBER SWISS FRANC: Trend neutral. Support 69.00. Resistance 72.20.
Wants to rally short term.
SEPTEMBER JAPANESE YEN: Trend up. Support 86.95. Resistance 92.60. Fed
allowing to rally. Wants better exports to Japan.
SEPTEMBER D-MARK: Trend neutral-down. Support 57.70. Resistance 60.20. Delaying Europe currency unification will help.
SEPTEMBER CANADIAN DOLLAR: Trend neutral. Support 72.40. Resistance
73.48. Cannot find any bad news.
SEPTEMBER U.S. DOLLAR: Trend neutral. Support 92.65. Resistance 95.85.
Time for another short breather.
SEPTEMBER EURODOLLARS: Trend up. Support 93.80. Resistance 94.09. Possibly
nearing a short-term top.
SEPTEMBER U.S. BONDS: Trend up. Support 108.29. Resistance 110.09. Not
worried about rate hike yet.
SEPTEMBER NYFE: Trend up. Support 436.00. Resistance 460.00. Still has
one more leg up before pull-back.
SEPTEMBER S&P: Trend up. Support 837.00. Resistance 885.00. Should
have a few weeks of strength left.
AUGUST GOLD: Trend neutral. Support 341.50. Resistance 350.40. Needs
a spark to push through $350.
JULY SILVER: Trend neutral. Support 462.00. Resistance 493.00. Has seldom
been this stagnant.
JULY COPPER: Trend up. Support 113.90. Resistance 120.40. Trying to
test highs.
SEPTEMBER PALLADIUM: Trend up. Support 160.00. Resistance 186.00. If
Russia mining problems end, look out below.
JULY PLATINUM: Trend up. Support 413.00. Resistance 474.00. See above.
JULY LUMBER: Trend down. Support 328.50. Resistance 366.50. Sell- off
not quite over yet.
AUGUST HEATING OIL: Trend down. Support 52.00. Resistance 55.40. Probably
not much downside left.
AUGUST UNLEADED GAS: Trend down. Support 55.00. Resistance 59.50. Nearing
a bottom.
AUGUST NATURAL GAS: Trend neutral. Support 209.00. Resistance 236.00.
Volume low now. Stick to other energies.
AUGUST CRUDE OIL: Trend down. Support 18.65. Resistance 22.20. Getting
very close to a bottom.
JULY COCOA: Trend neutral. Support 13.74. Resistance 15.02. Good scale
trade. Buy near support--sell near resistance.
JULY SUGAR: Trend up. Support 10.94. Resistance 11.58. Wants to take
a crack at lower support level.
JULY COTTON: Trend neutral. Support 71.00. Resistance 75.00. July needs
to push above 7320 to accelerate.
JULY ORANGE JUICE: Trend neutral. Support 73.00. Resistance 86.75. Possible
buy near recent lows.
JULY COFFEE: Trend up. Support 228.00. Resistance 275.00. Bungie jumpers
would love this market.
June 10, 1997
Stephen Connell and William Frejlich
The Windy City Trader
P.O. Box 673,
Chicago, Illinois
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Last updated on 06-14-97
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