FuturesCom Investment Publications
Morning Comments, Wed December 9,1998
Dedicated to Excellence in Analysis of Futures Markets
Bonds.. SP500.. Forex.. Precious Metals.. Energies..Grains.. Livestock.. Softs
Featuring Bi-Weekly Investment Outlooks, Special Reports, Morning Comments
Experienced Since 1979 & Serving Professional and Individual Futures Traders World Wide since 1988
5845 Autumn Ridge Rd Lake Worth Florida 33463 USA   561-433-2995

Early Support is near 8499 then 8484. Day traders can buy at 8484, risk 65 pts.

Below that support is at 8466 and 8423 then 8406 to 8391.

Early Resistance is at 8560 and 8566 then 8589 8594. Day traders can sell at 8589 for a quick turn lower, risk 55 pts Beyond that resistance is at 8629 and 8668 to 8683.

Early Resistance is at 6055. An extended trade over 6060 augurs for a test of 6104 to 6113. Day traders can sell at 6104 for a turn lower, risk 30 pts. Support is at 6004 day traders can buy at 6005, risk 25 pts Below that support is at 5955 and 5940.

Resistance is at 7414 and 7428 then 7452 to 7467 an extended trade over 7467 augurs for a test of 7486 and 7513. Day traders should sell at 7502, for a quick turn lower. Risk 40 pts. Beyond that sellers should appear near 7552.

Support is at 7402. Day traders can buy at 7402 for a good bounce. Risk 50 pts.

Below that support is at 7367 and 7342 to 7328 Trade Accordingly

Support is at 1.6470 and 1.6420. Resistance is at 1.6550 then 1.6712 Day traders can sell at 1.6712, risk 100 pts. A close over 1.6720 augurs for a test of 1.6890.

Support is at 6454 and 6434 Day traders can buy at 6434, risk 35 pts. Under that 6406 should hold. Resistance is at 6483 and 6506 then 6534 an extended trade over 6534 is friendly and augurs for a test of 6577 to 6591. Day traders can sell an early rally at 6577, risk 35 pts.

Trade accordingly.

Support is at 295.6 to 294.6 day traders can buy at 295.6, risk $ 4.00. Below that support is at 292.6 Resistance is at 296.5 and 297.20 Beyond that 299 offers resistance.

Nearby Support is at 6750 and 6675 under that 6590 should hold.

Resistance is at 6835 and 7055. Day traders can sell at 7055, risk 100 pts.

Support is at 345.90 and 340.5 where it should hold basis the close.

Day Traders can go long at 340.5 risk $ 4.00. Below that support is at 329 to 327. Resistance is at 350.30 and 353.5 then 360.50. *Traders should go long if a close over 355.5 occurs.

On the DownSide: Support is at 475.5 and 472, Day Traders should go long at 472.5 risk 5 cents. Under that 458 should hold. On the Upside. Nearby Resistance is at 485.5 and 492, a close over 492 is friendly for a test of 508. Trade Accordingly.

Nearby Support is at 1119 to 1114 and 1110 Day traders can buy at 1119 for a turn higher. Under that support is at 1101 and 1094. Resistance is at 1133 then 1144 and 1164 to 1169,

Support is at 3443 to 3425 and 3371 day traders can buy at 3386, risk 80 pts.

Early Resistance is at 3529 and 3571 then 3613 day traders can sell at 3613, risk 100 pts. Beyond that resistance is at 3662 to 3682

Support is at 3235 and 3213 to 3187 Day traders can buy at 3187, risk 100 pts.

Below that support is at 3076. Early Resistance is at 3255 and 3362 then 3397.

Beyond that resistance is at 3436. Day traders can sell at 3435, risk 100pts.

Early Support is at 566.5 and 564 to 560. Below that support is at 558.

Resistance is at the 575 1/2 and 578 then 583.

Support is near 147.1 and 145.4 to 144.7 Traders can go long at 144.5 Risk a close

Under 140.5 for three days in a row.

Resistance is at 149.5 Beyond that good sellers should appear at 152.9 and 153.4.

Support is at 2419 to 2411. Day traders can buy at 2419, risk 25 pts. Below that 2370 should hold. Resistance is at 2442 then 2461 to 2469 and 2516.

Support is at 221 3/4 and 220 1/4. Day traders can buy at 220 3/4 risk 5 cents.

Below that 217 3/4 should hold. Resistance is at 223 3/4 and 227 1/4 day traders can sell at 227 1/2 for a turn lower, risk 4 cents. A close over 227 1/2 indicates a test of 231.

Support is at 283 and 281 3/4 day traders can buy at 283 for a turn higher. Risk 8 cents. Below that support is at 279 then 277 1/2.

Nearby Resistance is at 284. A close over 284 is friendly and augurs for an eventual test of resistance near 289 and the 295 region.

Support is at 6290, Under that a decline to the 6235 6150 region should hold. Traders can Buy at 6237 and hold for higher prices

Resistance is 6355 and 6425. Beyond that a test of 6505 is likely..

Support is at 814 and 795 to 791 Day traders can buy at 795, risk 30 pts. Below that support is 773. Resistance is at 823 and 833 Day traders can sell at 833, risk 20 pts. A close over 833 augurs for a test of 847. Beyond that sellers should appear at 859.

On the downside, Early support is at 111.55 and 111.05. Below that support is at 110.10 and 109.60. Hearty Day traders can buy at 109.60, risk 200 pts. Below that support is at 108.65 where it should hold basis the close. Under that support is at 106.80 and 105.80 to 105.40/ 105.05 Below that 103.60 to 103.00 should hold.

Traders should buy at 103.60 and Hold.

On the Upside, Early Resistance is at 113.00 and 113.60. An extended trade or close over 113.60 augurs for a test of the 115.95 region and the 116.40 /116.90 region. Beyond that sellers should appear at 118.10

Support is at 6037 and 6017 Day traders can buy at 6037, risk 70 pts. Resistance is at 6107 to 6117. A close over 6117 is friendly for a test of 6162 to 6187 Day traders can sell at 6162, risk 50 pts.

Support is at 3280 and 3237 to 3192. Day traders can buy at 3192, for a bounce risk 50 pts Resistance is at 3377 to 3387 and 3342. Day traders can sell at 3432 for a quick turn lower, risk 80 pts.

June Hogs recommended position long 4 at 4790.

Resistance is at 3907 and 3927 Beyond that resistance is at 3997 and 4022. Day traders can sell at 3997, risk 50 pts. Support is at 3832 then 3807 to 3777, below that buyers should appear near 3682, traders can buy at 3682, risk a close under 3612 for three days in a row.

Support is at 4232, day traders can buy at 4232 for a quick bounce, risk 100 pts below that support should appear near 4182 to 4162 then 4102 to 4082 which should contain the break basis the close. Resistance is at 4307 to 4317 then 4382 to 4402 beyond that resistance is at 4532. Patience...

On The DownSide, early support is at 130-00 and 129-23 below that Day Traders can buy an early dip at 129-17 for a turn higher. Risk 20 pts, Below that support is at

129-08 and 128-21. On the Upside: Resistance is at 130-08 and 130-21 Day traders can sell at 130-21 for a turn lower, risk 10 pts. Beyond that resistance is at 131-08.

On the DownSide, Nearby Support at 1174.90 and 1173.10 then 1170.60 to 1169. A slip under 1169 augurs for a test of 1166.50 and 1164 Which appears more likely than not. A close under 1169.00 is negative and augurs for an eventual test of 1156.30 and 1150. Beneath that a test of 1138 to 1130 region is likely.

On the Upside, Resistance is at 1180.50 then 1192 to 1193.90 day traders can sell at 1192.00 for a turn lower. Put your own risk on it. Beyond that resistance at 1202.60 to 1203 should bring out sellers...Day traders with Ice Water running through their veins should go short at 1201.90 and hold for lower prices.. Above that resistance is at 1207.30 and 1217.50. Beyond that the 1232 to 1238 region should Cap a rally.

Stay Tuned for SP500 Updates and Flashes.

Support is at 8988. A slip under 8988 indicates a pullback towards the 8964 /8955 region. Below that support is at 8934. Under that 8871 and 8856 offer support. Below that 8833 needs to hold basis the close for upward momentum to continue. If it fails a test of 8777 to 8762 is likely.

Resistance should first appear at 9055 to 9060 and 9098 to 9110. Beyond that resistance is at 9144 to 9164 above that 9233 to 9236 should cap a rally.