"What the Wise do in the Beginning, Fools do in the End."
Warren Buffett

Sun. March 28, 1999

7:00 AM

June Japanese-Yen

Support is at 8391. Under that 8356 and 8314 to 8300 should contain a decline in the near future. Below that 8223 to 8194 should hold. A close under 8194 is negative and augurs for a test of 8119 to 8114 and 8044 where traders can buy and hold for higher prices.

Resistance is at 8406. A close over augurs for a test of 8456 and 8470 with a touch of 8484 to 8499 likely. Beyond that resistance is at 8560 to 8589 and 8629.

A close over 8629 augurs for an eventual test of the 8668 to 8683 and the 8762 to 8777 region. Above that resistance should appear near 8856 / 8871 and the 8891

region. Traders should sell at 8871, risk a close over 8965 for two days in a row.

June D-Mark

Support is at 5504 to 5492. Traders can buy at 5504 for a good two to three day turn higher, risk a close under 5454 for three day in a row. Below that support is at 5430 to 5418 where traders can buy at 5425 for a bounce, risk a close under 5418.

Below that 5356 to 5344 should contain a decline in the near future.

Resistance is at 5546 and 5553 to 5577 then 5605. A close over 5577 is friendly and augurs for an eventual test of 5640 to 5653 beyond that resistance is at 5671 and 5682. Beyond that resistance is at 5710 to 5716/ 5729. BW Traders should sell at 5716, risk a close over 5729 for two days in a row.. Beyond that a test of 5777 to 5792 is likely. BW Traders should sell at 5792, risk a close over 5805 for three days in a row.

June Swiss

Support is at 6809 to 6804 aggressive traders can buy at 6809 and hold for higher prices. Below that support is near the 6758 to 6741 region under that support is at 6673 to 6659.
 
 

Resistance is at 6831 to 6836 . A close over 6836 augurs for a test of 6906 to 6919I beyond that resistance is at 6931 and 6958. Above that sellers should appear near 6990 to 7003 and the 7074 to 7088 region Beyond that resistance is near 7130 and the 7143 to 7170 region. BW Traders can sell at 7143 and hold for lower prices.

June British Pound

Support is near 1.6184 and 1.6150 to 1.6090 should hold.

Traders can buy at 1.6150 and hold for Higher Prices. Below that 1.5936 should contain a decline in the near term.

Resistance is at 1.6264 and 1.6286. A close over 1.6286 augurs for a test of 1.6420 and 1.6486. A close over 1.6420 is friendly and augurs for a test of 1.6550 beyond that resistance is at 1.6690 and 1.6736 Traders can sell at 1.6720 and hold for lower prices. Beyond that resistance is 1.6890 to 1.6960
 
 

Traders should go long if a close over 1.6286 occurs.

June Canadian Dollar

Support should appear at 6591 to 6577 and 6548 to 6544. Below that a test of the 6509 to 6482 region is likely. Under that support is at 6430 to 6417. Traders can buy at 6510 for a turn higher risk a close under 6482 for three days in a row.

Resistance is at 6622 and 6624. Beyond that Resistance is at 6677 and the 6741 to 6755 region, which should cap a rally. Traders can sell at 6741 for a turn lower, risk a close over 6755 for three days in a row.

Stay tuned for Forex flashes

April Gold

Support is at 278.2 and 276 under that buyers should appear near 268.3

Resistance is at 280.50 and 282 to 283. A close over 283.00 is friendly and augurs for a test the 288. Beyond that resistance is at 295 to 298 A close over 298 augurs for a test of the 309.5 to 311 region.

Trade accordingly

August Gold
Traders can buy august gold at 288.30 and hold.

May Copper

Support is at 6490 then 6430 to 6400 . A close under 6415 is negative and augurs for a test of 6335. Below that buyers should surface near 6265 to 6230. Traders can buy at 6270 and hold for Higher prices. Under that some support should appear near 6165 to 6150 and the 6035 to 6023 region. .

Resistance is at 6575 to 6590 and 6630. A close over 6630 is friendly and augurs for a test of 6800 to 6830. A close over 6840 is friendly and augurs for a test of 6990 to 7005.

Traders should go long if a close over 6630 occurs.
 
 

April Platinum

Support is at 371.8 and 368 to 367.5 traders should buy at 367.5 and hold for higher price. Below that buyers should appear near 362 and 357.

Resistance is at 375 and 382. A close over 383.30 augurs for a test of 391 to 393. 380 Traders should if a close over 383.3 occurs.

May Silver

On the DownSide: Support is at 505 and 499 to 497.5 below that 491 should hold.

Under that buyers should appear near 475. Traders should buy at 475.5 and hold for higher prices.
 
 

On the Upside. Resistance is at 513 / 514. A close over 514 is friendly and augurs for a test of 526.5 and 553 Beyond that resistance is at 570.

Traders should go long if a close over 514 occurs.
 
 

May Crude

Nearby Support is at 1615 to 1609 and 1578 to 1569. traders can buy at 1578, risk close under 1560 for three days in a row. Below that support is at 1535 to 1529 and 1496 where it should hold. Traders can buy at 1496 for a turn higher , risk a close under 1453 for three days in a row.

Nearby Resistance is at 1630 to 1635 beyond that sellers should appear near 1642 to 1655 and 1674. A close over 1642 is friendly. and augurs for a test of 1689 to 1696

Beyond that a test of 1731 and 1774 is likely.

May Unleaded Gas

Nearby Support is at 5090 then 5067 to 5055 then 5002. Traders can buy at 5005 and hold for higher prices. Under that buyers should appear near 4925 and 4785. Traders can buy at 4785 and hold for higher prices. Below that support is at 4505.

Resistance is at 5129 to 5139. A close over 5139 is friendly and augurs for a test of 5239 to 5259 and 5305. Beyond that resistance is at 5345 to 5356 and 5418.

A close over 5430 is friendly and augurs for an eventual test of 5645 to 5653.

Traders should go long if a close over 5356 occurs.

May Heating Oil

Support is at 4249 to 4238. Traders can buy at 4249 and hold for higher prices. Below that support is at 4185 to 4163. Below that Buyers should appear at 4120 to 4110 which should contain a decline. A close under 4110 is negative and augurs for a test of the 3992 to 3982 region. Below that support is at 3750.

Resistance is at 4304 to 4315 and 4350. A close over 4315 is friendly and augurs for

a test of 4435 to 4445. A close over 4445 indicates a likely test of 4570 and 4717.

May Soybeans

Support is at 494 3/4 to 492 1/2. Below that support is at 486 1/2. Traders can buy at 486 and hold for higher prices. Below that support is at 480 to 478 and 467.

Resistance is at 499 1/2. A close over is friendly and augurs for a test of 509 and 513 1/2 Beyond that resistance is at 520 to 522.

July Soybeans

Support is at 501 to 499 1/2 and 494. Traders can buy at 494 and hold. Below that good buyers should appear near 480. Traders can buy at 480 and hold.

Resistance is at 508. A close over 508 augurs for a test of 514 beyond that resistance is at 521 to 529.

Traders should go long if a close over 508 occurs.

July Soybean Meal

Support is at 136.80 and 134.60 to 133.40. Below that support is at 131.9 to 130.40 where it should hold.

Resistance is at 139.2 and 141.90. A close over 141.10 is friendly and augurs for a test of 145.30 to 145.90 beyond that 148.40 to 148.90 offers resistance.

July Soybean Oil

Support is at 1982 under that buyers should appear near 1953 to 1946 and 1917 . traders can buy at 1920 and hold for higher prices. Below that support is at 1909 to 1902 and the 1865 to 1858 region where it should hold for a bit.

Resistance is at 1996 and 2017. A close over 1996 is friendly and augurs for a test of the 2034 to 2042 region. Beyond that resistance is at 2080 to 2088 and 2126 to 2134.
 
 
 
 

May Corn

Support is at 232 3/4 and 230.5 to 229. Below that 227 1/2 should contain a decline for a bit. Traders can buy at 227 1/2 and hold for higher prices.

Below that support is at 223 and 219.

Resistance is at 237 1/4 and 239. A close over 238 augurs for a test of 242 to 244.

Beyond that resistance is at 246 1/4 and 246 3/4.

July Wheat

Support is at 295 1/2. Traders can buy at 295 3/4 and hold for higher prices Below that buyers should appear near 290 and 287 1/2. A close under 290 augurs for a test of 283 and 278.

Resistance is at 301 1/4 to 302 and 307 1/2 to 309. A Close over 303 is friendly and augurs for a test of 314 and eventually 319 1/2 to 320 1/2 which should cap a rally for a bit .

Traders should go long if a close over 303 occurs.
 
 

The Satisfying Softs

May Cotton

On the Upside resistance 6165 to 6190 and 6205. A close over 6205 is friendly and augurs for a test of 6265 and 6305. Beyond that a test of 6370 is likely.

A close over 6350 is friendly and augurs for a test of the 6417 to 6430 region

beyond that sellers should appear near 6570 to 6590 and 6675.

Traders should go long if a close over 6205 occurs.

On the DownSide support is at 6113 to 6103 Traders can buy at 6103 and hold for higher prices Bellow that support is at 6065 to 6035 and 6005. Beneath that good buyers should appear near 5980 and 5965

Buy Dips. And be long.

May Sugar

Support is at 563 to 552 and 549. Below that 559 to 534 should hold.

Resistance is at 582 to 589. A close over 586 is friendly and augurs for a test of 596 and the 602 to 609 region. Beyond that resistance is at 619 and 630 to 635.

Traders should go long if a close over 586 occurs.
 
 

May Coffee

On the DownSide, support is at 108.50 / 108.40 and 107.60 . traders can buy at 108.50 and hold for higher prices. Under that support is at 107.60 and the 106.80 to 105.80 region. Below that Buyers should appear near 105.10 to 104.60 . Traders can buy at 105.10 and hold for higher prices. Under that support is at 103.60 to 103.20 .

On the Upside, Resistance is at 109.60 and 110.10. A close over 110.10 is friendly and augurs for a test of 112.60 and most likely the 113..00 / 113.60 region.

Beyond that 116.40 to 116.90 offers resistance. A close over 116.90 indicates a test of 119.20 to 120.30

Buy dips and stay tuned for Flashes.

May Cocoa

Nearby Support is at 1169 to 1164, under that 1137 to 1130 should contain the

decline for a bit Traders can buy at 1136 and hold for higher prices.

Resistance is at 1185 to 1187 and 1192. A close over 1192 is friendly and augurs for a test of 1202 and the 1232 to 1238 region. A close over 1232 is friendly and augurs for a test 1268 to 1279, Traders can sell at 1274 risk a close over 1304 for three days in a row.

Traders should go long if a close over 1192 occurs.

April Cattle

Support is at 6607 to 6592 Below that buyers should appear at 6517.

Traders can buy at 6517 and hold for higher prices. Below that 6482 should contain

a decline.

Resistance is at 6672 then 6707 and then 6742 to 6757 region. Beyond that resistance is at 6892 to 6917 and 6932..

April Hogs

Resistance is at 4402 and 4442 beyond that 4542 offers resistance

Beyond that resistance is at 4570 to 4582 and 4637 to 4650. And 4717.

Support is at 4342, a close under augurs for a test of 4242 to 4202 . Under that support is at 4077. Below that buyers should appear near 3992 and 3867.

Stay Tuned for flashes...

June Hogs

Support is at 5552 and 5482 , below that buyers should surface near 5382. Traders can buy at 5382 and hold for higher prices. Below that buyers should appear near 5227 and 5112.
Resistance is at 5582, a close over is friendly for a test of 5682 to 5752 then 5805

Beyond that 5855 to 5880 offers resistance as does 5945.
 
 

From the Frying Pan into the Fire--

May Bellies

Support is at 5702 and 5647, a slip under augurs for a test of 5602 and 5537 where it should hold for a bit. Below that 5357 offers support.. Beneath that 5212 should contain a decline. Traders can buy at 5212 and hold for higher prices.

Resistance is at 5855 to 5880 and 5902. An extended trade or close over 5902 augurs for an eventual test of 6002 a close over 6035 is friendly and indicates a test of the 6165 to 6180 region beyond that 6257 to 6272 offers resistance.

Stay Tuned for Flashes the Pork Complex.

June Bonds

On The DownSide nearby support is at 120-03 and 119-21 A close under 119-21 is negative and augurs for a test of the 118-22 region. Traders can buy at 118-22 and hold for higher prices. Below that support is at 117-28.

On the Upside: Resistance is at 120-21 / 120-22 and 121-03 to 121-05 , beyond that sellers should appear near 121-21. A close over 121-21 augurs for an eventual test of 122-14 and 123-04 Traders can sell at 123-04 for a turn lower, risk a close over 123-11 for three days in a row. Beyond that resistance is at 123-15 and 124-07.

June SP 500
Support is at 1289 and 1287.80 However a close under 1289 augurs for an eventual test of the 1274 to 1268 region. Below that buyers should appear near 1253 and 1238 ton 1232.

Resistance is at 1304 to 1307 and 1310 . Beyond that resistance is at 1319.80 to 1322.00. traders can sell at 1319.80 for a turn and hold for lower prices. Above that resistance is at 1322 and 1334 to 1346.

Traders should go short if a close under 1289 occurs.

-Stay tuned for Flashes-

Dow Jones Industrial Avg.
Support is at 9825 and 9777. A close under 9825 is negative and augurs for a test of the 9737 to 9707 region Below that support is at 9670 then 9641 to 9625. A close under 9625 indicates a test of 9540 and eventually 9445 to 9429.

Resistance is near 9837 and 9924 to 9937 beyond that sellers should appear near 10,021 to 10,037. Beyond that resistance is at 10,050.. Beyond that a test of 10,104 to 10,136 is likely.

A ship in Harbor is Safe.. But that's not what ships are built for.

3-28-99 11:45 AM

Happy Trading

Bill

Premier Positions and performance figures are available at http://www.futurescom.com/premper99.htm
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