Bi-Weekly Investment Outlook II

April 18th 1998

June Yen should find early support at 7640 to 7624 traders can buy at 7640. Initially risk a trade under 7587. under that support should appear at 7513 where Traders can buy for a position at 7524. Risk a close Under 7487 for three days in a row. Resistance should appear at 7724 and 7762 where short term traders can sell at 7777 for a quick turn lower and risk a close over 7808 for two days in a row.

Beyond that 7912 offers resistance as does 7939 to 7950 , sell at 7939 risk a close over 7954 three days in a row.

Support is at 167.20 and 165.50. Traders can go long at 167.20 , risk a close under 165.50 for three days in a row. Below that 164.20 offers support. Go long at 164.20 risk a close under 16400. Below that 161.50 to 160.90 should hold.

Resistance is at 168.90 and 169.60. a close over 168.90 augurs for a test of 170.30 then 171.30, beyond that a test of 173.10 is likely. Traders should sell short at 173.10, risk a close over 173.80 for two days in a row.

Early support is at 5546 to 5541 , buy at 5546 , risk a trade under 5527, below that 5505 to 5492 offers a failure there indicates a test of 5461 then 5430 to 5418 , buy at 5418 for the ‘pull’ , risk a close under 5386. Resistance is at 5553 to 5577. A close over the 5553 to 5577 region augurs for a test of 5596 to 5611 region. Traders should go long if a close over 5553 occurs. Beyond 5615 resistance is near 5640 to 5653 then 5692, trader should sell short for a turn lower at 5692. Risk a close over 5717 for two days in a row.

Trade Accordingly

Support is at 7003 and 6990 where traders should buy at 6997, risk a close under 6954 for two days in a row. Resistance should appear early at 7011, a close over 7011 augurs for a test of 7026. Beyond that resistance is near 7061 to 7074. A close over 7088 augurs for a test of 7143 where traders can short at 7138 for a turn lower, risk a close over 7171 for two days in a row.

Good Support is near 307.10, buy there for a day trade, risk $ 4.00. Below that 304.50 to 303.60 should hold. a failure there indicates a test of 298, traders can buy at 298.00 risk a close under 297 for three days in a row.

Resistance is 312.80, a close over augurs for a test of the 315.20 to 316.20 region.

Beyond that 321.30 to 324.30 offers resistance. A close over 315.70 is friendly for a rally to that region.

*Traders should go long or add to longs using a 315.70 stop close only buy stop, Eventually a test of 332 is not out of the question... If it holds

Friendly, Buy Dips.

Support is at 8405 to 8390, under that 8275 offers support. Traders should buy at 8300 risk a close under 8190 for two days in a row. Under that 7955 is likely to trade. a slip under 7955 augurs for a test of 7780 , where trader should go long for the ‘pull’ , risk a close under 7760 for two days in a row.

Resistance is at 8480 to 8500, a close over 8500 is friendly for a 'pop' towards the 8665 to 8705 region. Beyond that a test of 8875 is likely to occur. Above that resistance is near 9255 , traders should sell short at 9315 for a turn lower. Risk a close over 9350 for two days in a row.

*Traders should go long on a close over 8500

Support is near 406.5, under that support is at 397.5 , failure there augurs for a slip to 394, traders should go long 394, risk a close under 390 for three days in a row.

Additional support is near 383, buy at 383 , risk a close under 380 for two days in a row. Resistance is at 416.5 , a close over augurs for a test of 426.5 A close over indicates a rally towards 432 and eventually 467.

Long Term Friendly

Early support is at 1573. Below that Aggressive traders can buy at 1549, risk 30 cents.

Beneath that, 1535 offers more support. Under that 1525 offers' support, traders can buy at 1525, risk a close under 1484. A failure there indicates a test of 1421 where

hearty traders can Buy for the Pull risk a close under 1415 for three days in a row.

Resistance is at 1601 then 1609 to 1615. A close over 1628 augurs for a test of 1656 More resistance is near the 1689 to 1696 region. a close over 1696 augurs for a test of 1756, sell at 1756 for a turn lower , risk a close over 1809 for two days in a row.

Friendly near term.

Support is near 5297 failure there augurs for a slip towards 5175 where traders can buy for a bounce, risk a trade under 5115. Below that support is at 5005, traders can Buy at 5005 for a turn higher. Risk a close under 4970 for two days in a row.

If June Unleaded declines to 4820, consider it a buying opportunity and

go long for the ‘Pull‘.

Resistance is near 5375, a close over 5355 augurs for a ‘pop’ to the 5553 to 5610 region. Beyond that resistance is near 5830 , traders should sell for a turn lower at 5805.

Risk a close over 5855 for three days in a row.

Support is near 4415 and 4370. Below that 4225 should hold. Traders can Buy at 4225 , risk a close under 4055 for two days in a row. Resistance near 4520 and 4615, a close over 4615 augurs for a test of 4660 , beyond that a trade to 4695/ 4715 is likely. A close over 4720 augurs for a test of 4905. Traders can go short at 4915, risk a close over 4930 for two days in a row.

Traders should go long using a 4620 stop close only.

August Beans Recommended Position Long at 632 Hold

Early support is at 2824 and 2815. Traders should buy at 2815 for a bounce higher. Risk a close under 2810.. Below that support is 2731. Resistance is near 2874 to 2883

Beyond that 2928 to 2937 offers resistance, readers can sell at 2933 for a turn lower, Risk a close over 2938 for two days in a row

Traders should Roll to July on Monday’s Open.

Support is 847 to 852. Traders can go long at 852 for a quick turn higher, risk a close under 840 for two days in a row. Resistance is near 883 , a close over augurs for a test of 907 to 918. A close over 912 would indicate a test of 932 to 941, then 956. Traders can sell short at 968 for a turn lower , risk a close over 972 for two days in a row. Beyond that 1020 should trade.

On the DownSide, Early support is at 145.30, Buy at 145.30 and Hold.

Below that 143.60 offers support. Traders should buy at 143.60, risk a close under 142.10 for three days in a row. Below that Traders should go long at 138.70, risk a close under 134.60 for two days in a row.

On the Upside, Resistance is 146.10 and 148.55. A close over 148.60 augurs for a test of 149.60. Beyond that 151.05 offers resistance as does 152.30 and 153.60. A close over 153.60 augurs for a test of 156.30. Beyond that 159 to 161 should trade.

Resistance is 1609 to 1615, a close over 1609 augurs for a test of 1633 to 1642 Traders should go long on a close over 1609. Beyond that 1655 and 1689 to 1696 offers resistance. Sell short at 1701 , risk a close over 1732 for three days in a row.

Early Support is near 1596. Below that support should appear near 1576 to 1569 Where hearty traders might be tempted to probe the long side. Buy at 1570, risk a close under 1542 for two days in a row.

Support is near 6762 Below that Traders should buy ‘with both hands’ at 6732, risk a close under 6657 for two days in a row. More support should appear near 6682 and 6657. Below that 6557 should hold.

Resistance is at 6802 and 6837, a close over 6837 augurs for a 'pop' to 6880 and 6912 beyond that 6972 and 7100 offer resistance.

Traders should go long on a close over 6837.

Long Term Friendly, Buy Dips.

Support is at 5992 and 5952, a slip under augurs for a pullback towards 5902, Below that 5855 offers support . A close under 5855 indicates a test of 5802, traders should Go long at 5802 , risk a close under 5712 for three days in a row.

Resistance is near 6002 above that 6022 to 6035 offers resistance, a close over 6032 augurs for a trade to 6127 with a likely target of 6257.. if it holds. Traders should buy at 6037 stop close only.

Trade Accordingly.

On the DownSide Early support is near 5945 and 5907, below that 5880 and 5855 offer support. Below that 5760 should hold. traders should buy at 5760 and stay tuned.

Below that 5640 and 5547 offer support. Under that Traders can buy at 5357 and Hold.

Risk a close under 5257 for two days in a row. additional buyers should appear near 5012 to 4950.

On the Upside Resistance is near 6022 to 6035 and 6062. An extended trade or close over 6117 augurs for a test of 6202 and 6337. Beyond that 6507 offers resistance.

Traders can Sell short at 6507 for a turn lower. Risk a close over 6592 for two days in a row.

Trade Accordingly.

Stay tuned for New Recommendations in the meat Complex

Early Support is 121-02 to 120-29, however a close under is negative for a pull back towards 119-29, below that support should appear near the 119-12 to 119-02 to region.

A close under 119-02 is negative for a decline towards 118-22 and 118-15 where traders can buy for a bounce , risk 20 pts. and Reverse. An extended trade or close under 118-02 would indicate a slip to the 116-13 region with an outside chance of hitting

114-29.

Resistance is at 121-25 to 121-29> A close over 122-01 augurs for a test of 122-29 ,sell at 122-29 for a turn lower, risk a close over 123-08. More resistance should appear near 124-00, sell at 124-00 for a position and stay tuned for the stop. Beyond that

124-29 and 125-29 offers resistance sell short for a turn lower at 125-29 and Hold.

On the DownSide, Early Support is at 1130 and 1128.50. Below that 1120.20 offers support . A close under 1120.00 indicates a slip to 1115.50 , a close under 1115.50 is negative for a pull back towards the 1107.70 region. A close under 1107 indicates a slip towards 1104.60 then 1101. A close under 1096 augurs for a slip to 1088.70 where support should be evident.

On the Upside, Resistance is at 1133 and 1136 to 1136.20 , sell at 1136.20 risk a close over 1139.70 for three days in a row. Beyond that resistance should appear near 1143.80. Beyond that 1150 is likely to trade. Beyond that 1164.00 to 1169.00 should Cap a Rally Sell at 1164 and hold.

Initial support is 9156 to 9140 below that 9121 is critical, a close under 9121 augurs for a pullback towards the 9084 and 9060 / 9044 regions. A close under 9041 augurs for a test of 8964 to 8934. Below that 8856 offers support. If that fails a slip to 8798 or lower is likely.

Resistance is at 9224 and 9236 beyond that 9316 , beyond that 9331 to 9347 should bring out some sellers. Above that 9387 and 9429 offer resistance.