wmeubank@ocp.kcmo.com
MARGRAF ON THE MARKETS
TECHNICAL ANALYSIS
Intermediate Trends
Unless specified otherwise, futures are September '97.
1. Strong Up: Mexican Peso.
2. Erratic/Early Up: October cotton, August feeder cattle, October sugar 11, sugar 14, British Pound, 30-day to 2-year interest rates (financials), all U.S. stock indexes.
3. Sideways/Erratic: Oats, August and December live cattle, August hogs, August pork bellies, cocoa, crude oil, gasoline, heating oil, COB electricity, October platinum, September palladium, lumber, Swiss Franc, Japanese Yen, Canadian Dollar, U.S. Dollar Index, 5- and 10-year notes, bonds, Muni Index, Nikkei 225.
4. Erratic/Early Down: Wheat (MGE), oats, coffee, orange juice, natural gas, silver, copper, German D-mark, Australian Dollar, September Goldman-Sachs Index.
5. Strong Down: Wheat (CBT, KC), September and December corn, rice, August and November soybeans, August soy-meal, soy-oil, August canola, August gold, August CRB Index.
Dew Alert Signals
This week's new trend highs, lows, breakouts, reversals, violations of 50-day moving average, parabolic, etc. (Both up and down Dew signals are indicated by *.)
Strength: Feeder cattle, sugar 14, crude oil, gasoline, heating oil, British Pound, Mexican Peso, S&P 500, NYSE Composite, Value Line, other stock indexes.
Weakness: Wheat (CBT, KC), wheat (MGE), September and December corn, oats, rice, August and November soybeans, August soy-meal, soy-oil, August canola, cocoa, natural gas, August gold, silver, D-mark, Swiss Franc, Australian Dollar, CRB Index.
July 2, 1997Ernest Margraf
Margraf On The Markets
27253 Timberlane, Monee, Illinois
Added to the WWW 07-05-97
Last updated on 07-05-97
Hosted by:
One Crossroads Place
610 West Maple Ave, Suite WWW
Independence, MO 64050
(816) 252-4080
sysop@kcmo.com