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DECEMBER CORN: Trend up. Support 2.78. Resistance 3.00. Due for a
pullback. Demand picking up.
NOVEMBER SOYBEANS: Trend up. Support 6.85. Resistance 7.57. Due for
slight correction. Long-term very bullish.
DECEMBER SOYBEAN MEAL: Trend up. Support 218.00. Resistance 250.00.
Demand outstanding. China a big buyer.
DECEMBER SOYBEAN OIL: Trend up. Support 24.30. Resistance 25.40.
Good prospects. Beans and meal better however.
DECEMBER WHEAT: Trend neutral-up. Support 3.60. Resistance
3.77<$E1/2>. Fundamentals weak. Beans and corn carrying this.
DECEMBER OATS: Trend neutral-up. Support 1.53<$E1/2>. Resistance
1.70<$E1/2>. Not a great deal of interest here.
DECEMBER LIVE CATTLE: Trend neutral-down. Support 65.45. Resistance
68.62. Very weak fundamentals. Trade from short side.
NOVEMBER FEEDER CATTLE: Trend down. Support 76.40. Resistance
79.60. Also weak. Sell near 7900.
DECEMBER LIVE HOGS: Trend down. Support 61.50. Resistance 64.00.
Should test resistance. Needs demand to improve.
FEBRUARY PORK BELLIES: Trend down. Support 60.00. Resistance 65.20.
60.00 needs to hold. Could rebound to 65.00.
DECEMBER BRITISH POUND: Trend neutral-up. Support 159.36.
Resistance 162.66. Stuck in this tight range.
DECEMBER SWISS FRANC: Trend neutral. Support 67.75. Resistance
70.21. Very weak. Could see 6500 by year end.
DECEMBER JAPANESE YEN: Trend neutral-down. Support 82.23.
Resistance 84.60. Should break near and long support soon.
DECEMBER DEUTSCHEMARK: Trend neutral-up. Support 55.80. Resistance
58.00. Go short at market.
DECEMBER CANADIAN DOLLAR: Trend neutral. Support 72.00. Resistance
73.35. Cannot seem to follow through on any rallies.
DECEMBER U.S. DOLLAR: Trend neutral-down. Support 96.00. Resistance
98.54. Should be strong for balance of year.
DECEMBER EURODOLLARS: Trend neutral. Support 94.06. Resistance
94.26. Too small of a range to make any sort of trade.
DECEMBER U.S. TREASURY BONDS: Trend neutral. Support 113.10.
Resistance 118.18. Needs to test under 114 before a buy.
DECEMBER NYFE: Trend up. Support 495.25. Resistance 519.00.
1987<197>Ancient history.
DECEMBER S&P 500: Trend up. Support 929.30. Resistance 992.25. No
crash this October. Strong!
DECEMBER GOLD: Trend neutral. Support 324.70. Resistance 340.70.
Formation looks good.
DECEMBER SILVER: Trend neutral. Support 5.08<$E1/2>. Resistance
5.33. Trying to break support. It might just hold it.
DECEMBER COPPER: Trend neutral. Support 92.80. Resistance 100.00.
Needs some fundamental news to rally.
DECEMBER PALLADIUM: Trend up. Support 199.00. Resistance 211.75.
Russian mining problems again?
JANUARY PLATINUM: Trend up. Support 417.00. Resistance 454.00.
Looks good technically. Fundamentals questionable.
NOVEMBER LUMBER: Trend down. Support 290.50. Resistance 318.00.
Stable interest rates should help to rally.
DECEMBER HEATING OIL: Trend neutral. Support 57.00. Resistance
61.70. Wait for pullback to support before buying.
DECEMBER UNLEADED GAS: Trend neutral. Support 57.25. Resistance
61.75. Stick with heating oil now.
DECEMBER NATURAL GAS: Trend neutral. Support 290.00. Resistance
328.00. Too high right now. Wait.
DECEMBER CRUDE OIL: Trend neutral. Support 20.12. Resistance 22.30.
Be patient. It will drop back.
DECEMBER COCOA: Trend neutral. Support 16.11. Resistance 17.39.
Strictly trading off of El Nino news.
MARCH SUGAR: Trend neutral. Support 11.26. Resistance 12.19. Sell
near 1200. Buy near 1130.
DECEMBER COTTON: Trend neutral-down. Support 70.80. Resistance
73.15. Trying to bottom here.
JANUARY ORANGE JUICE: Trend down. Support 65.00. Resistance 78.25.
This contract should be eliminated.
DECEMBER COFFEE: Trend neutral. Support 154.50. Resistance 177.50.
See Orange Juice comment above.
October 14, 1997Stephen Connell and William Frejlich
The Windy City Trader
P.O. Box 1673, Chicago, Illinois
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