Received: from mail2.bellsouth.net (mail2.bellsouth.net [205.152.16.6]) by mail.mia.bellsouth.net (8.8.8-spamdog/8.8.5) with ESMTP id GAA18664 for ; Thu, 27 Aug 1998 06:04:20 -0400 (EDT) Received: from palace.awc.net (palace.awc.net [209.117.192.12]) by mail2.bellsouth.net (8.8.8-spamdog/8.8.5) with ESMTP id GAA06084 for ; Thu, 27 Aug 1998 06:04:19 -0400 (EDT) Received: from mail.mia.bellsouth.net (mail.mia.bellsouth.net [205.152.16.21]) by palace.awc.net (8.8.7/8.8.5) with ESMTP id GAA07840 for ; Thu, 27 Aug 1998 06:08:20 -0400 (EDT) Received: from freesub (host-209-214-14-198.pbi.bellsouth.net [209.214.14.198]) by mail.mia.bellsouth.net (8.8.8-spamdog/8.8.5) with SMTP id GAA18258; Thu, 27 Aug 1998 06:03:19 -0400 (EDT) Reply-To: "FuturesCom" From: "FuturesCom" To: "FuturesCom" Subject: Morning Comments 8-27-1998 Date: Thu, 27 Aug 1998 06:01:54 -0400 Message-ID: <001a01bdd1a1$b804bce0$c60ed6d1@freesub> MIME-Version: 1.0 Content-Type: multipart/alternative; boundary="----=_NextPart_000_0020_01BDD180.40449F20" X-Priority: 3 X-MSMail-Priority: Normal X-Mailer: Microsoft Outlook Express 4.71.1712.3 X-MimeOLE: Produced By Microsoft MimeOLE V4.72.2106.4 X-UIDL: 58a96c443bf0e574b4d4ece4a8cb777b This is a multi-part message in MIME format. ------=_NextPart_000_0020_01BDD180.40449F20 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable FuturesCom Investment Publications Morning Comments 8-27-1998 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 and More=20 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 = http://www.futurescom.com=20 "A loss never bothers me after I take it. I forget it overnight. But = being wrong -- not taking the loss- that is what does the damage to the = pocket book and to the soul." - Jesse livermore-=20 -------------------------------------------------------------------------= ------- Thursday August 27th 1998 4:00 AM On the Frenzied Forex Front Sept. Japanese-Yen=20 Nearby Support is 6956 and 6937, below that support is 6919 to 6909 and = 6888.=20 Resistance is at 6988 and 7003. A close over 7003 augurs for a likely = push towards 7052 and more likely 7077 to 7088. Beyond that resistance = is at 7143 to 7170.=20 Sept. D-Mark Recommended Position long at 5610, 5535 and 5533 Resistance is at 5567 then 5577. A close over 5577 augurs for a pop to = the 5608 region, where good resistance remains. However, Traders should = go long if a close over 5610 occurs. Support is at 5529 . A close under 5529 is negative for a slip towards = the 5517 then 5508 to 5490 region. Where hearty traders can go long at = 5505 and hold for higher prices.=20 Sept. Swiss Recommended Position long 2 avg. 6724 Nearby resistance is at 6673 then 6707 and 6718 to 6722. A close over = 6707 is friendly for a touch of 6741/6743 beyond that resistance is at = 6755/6758. A close over 6758 is friendly for another test of 6809 and = 6823.=20 Support is at 6637 and 6622. Below that good support is near 6615 and = 6591 to 6577. Day Traders should buy at 6591 for a bounce, risk 25 pts.=20 A close over 6673 is friendly.=20 Trade Accordingly=20 Sept. British Pound: recommended position short at 1.6420=20 Support is at 1.6340 and 1.6260 Resistance is at 1.6550 and 1.6620=20 Trade accordingly Sept. Canadian.=20 Support is near 6350 and 6337=20 Resistance is at 6404. A close over 6404 augurs for a test of 6480.=20 Precious Metals Dec. Gold Recommended Position Long 3 at avg. 289.8 Support is at 283.90. Beneath that support is at 280.3 to 278.5 Resistance is at 286.10 and 288.70.=20 Dec. Copper: Recommended Position long at 7470 Nearby Support is at 7335. Below that traders should go long at 7255, = risk a close under 7190 for three days in a row. Resistance is at 7405 and 7465. Beyond that good resistance is at 7655 = and 7675=20 Oct. Platinum Recommended position long at 372.5 and 379.5 Nearby Support is at 358 and 349. Resistance is at 363 and 368. A close over 364 is friendly for a rally = towards 376=20 Bullish long term.=20 Dec. Silver Recommended Position long at 4 at 521=20 On the DownSide: Nearby Support is at 492 and 472.5.=20 On the Upside. Resistance is at 505 then 513, a close over 506 augurs = for an eventual test of 548.=20 * Traders should go long if a close over 506 occurs.=20 Buy This Dip.. The Exciting Energies Oct. Crude recommended position long at 1364 and 1348 Nearby Support is at 1340 and 1315 to 1310. Under that 1289 to 1274 = should hold. Traders can buy at 1297, risk a close under 1289 for three = days in row. Resistance is at 1365 and 1390. However, a close over 1383 augurs for a = test of good resistance at 1415 to 1421. Oct. Unleaded Gas recommended position long 2 at 4070 Nearby Support is at 4005. A close under 4040 augurs for a test of 3992 = to 3982 and 3968 to 3910 where it should hold. Resistance is at 4060 and 4160 Beyond that Resistance is at 4254 to = 4270.=20 A close over 4270 augurs for a test of the resistance at 4315 to 4350=20 Trade Accordingly. Oct. Heating Oil Recommended Position long at 3544 Early Resistance is at 3635 and 3673. A close over 3675 augurs for a = rally to 3715 with a likely test of 3805 to 3815.=20 Support is at 3565. Below that 3470 to 3425 should contain a break.=20 Traders can buy at 3445. Risk a close under 3370 for three days in a = row.=20 The Grande Grains November Soybeans Recommended Position Long 540 Support is at 519 1/2 and 516.5 to 514=20 Resistance is at 528 1/2 and 541 1/2 to 543=20 Dec. Soybean Meal Recommended long at 143.80 and 138.30 Support is at 133.6 and 132.5=20 Resistance is at 135.9 and 136.5=20 Trade Accordingly. Dec. Soybean Oil recommended position long 2437 Support is at 2411. Then 2378. Traders should Buy at 2366 and Hold for = higher prices. Risk a close under 2354 for three days in a row.=20 Resistance is at 2419 and 2451 then 2461 to 2476.=20 Dec. Corn=20 Support is at 206 and 205 Resistance is at 210 3/4 to 211 1/2. A close over 210 1/2 augurs for a = short covering rally to 218. Dec. Wheat=20 Resistance is at 263 and 267. A close over 264 augurs for a rally to = 271/ 273. On the DownSide Support is at 260 1/4 and 258.=20 The Satisfying Softs Dec. Cotton Recommended Position Long at avg. 7288, 7385, 7593 Nearby Support is at 7510 and 7465 to 7435. Day traders can buy for a = bounce at 7465, risk 80 pts. Beneath that good support is at 7390 and = 7360=20 Resistance is at 7535 and 7570, an extended trade over or close over = 7570 augurs for a test of 7655 then 7760 to 7770.=20 Buy Dips=20 Oct. Sugar recommended position long at 804 Support is at 742 and 739 to 734 which should hold a decline today. Resistance is at 763/767 A close over 764 is friendly for a test of = resistance near 774 to 782.=20 Dec. Coffee: On the downside, Early support is at 115.20. Beneath that Support is at = 113.60 to 113.00 and 112.70=20 On the Upside, Resistance is at 116.00 and 116.90 then 117.70. Above = that resistance is at 119.20 to 120.30. Trade Accordingly. Dec. Cocoa Recommended Position Long at 1560 and 1569 Support is at 1569 and 1562 to 1554. Below that 1528 should hold today. Resistance is at 1578 then 1583. A close over 1576 is friendly for a = test of 1609 to 1615. The Lively Livestock October Cattle Recommended Position long at (3) 6210,5855 and 5950 Support is at 5905 and 5870. Below that 5855 should hold.=20 Resistance is at 5957 and 5982. A close over 5990 augurs for an eventual = test of 6210.=20 October Hogs Recommended Position Long (3) 4302 avg., 4327, 4057. Resistance is 4177 and 4192 to 4222. A close over 4192 is friendly=20 for a push towards 4317. Support is at 4117 and 4067 then 4017.=20 Dec. Hogs=20 Support is at 4077 to 4052 then 4022. Traders can Go long at 4057 and = hold. Resistance is at 4177 and 4222, a close over 4177 augurs for a test of = 4317..=20 Feb. Bellies recommended position long at 5500 and 5550, hold. Early Support is at 5142 to 5127 and 5067 to 5052.=20 Resistance is at 5202 then 5282 and 5355=20 --From the Frying Pan into the Fire-- The Sensational Stock and Bond Markets=20 Sept. Bonds=20 On The DownSide, Nearby Support is 125-14 and 125-06 , below that = support is at 124-26. On the Upside: Early Resistance is at 126-00 Above that resistance is at = 126-06 to 126-13, beyond that resistance is at 127-06 which should cap a = rally today.=20 Sept. SP500 On the DownSide, Support is at 1075.40 , under that 1068 to 1067.50 and = 1063.30 to 1063 offers support. A close under 1063 augurs for a test of = 1058 and 1054.30 and eventually 1152.00 where traders can buy and hold = for higher prices. Below that 1048.10 to 1047.00 should hold basis the = close, If not a test of 1042.40 and the 1036 to 1032 region is likely. = If that fails a test of 1018.50 is likely. On the Upside, Resistance is at 1078.50 and 1082 , day traders can sell = at 1082. Beyond that resistance is at 1088.80 then 1096 and 1098.5 to = 1099.50. Where firm sellers should appear.=20 The Dow Jones Industrial Average=20 Early Support is The close under 8560 is negative for a slip to 8499 to = 8484 region where it should hold basis the close. If it does not an = eventual break down towards 8335 is likely. Under that support is at = 8223 and 8194 which should stop a decline for now.=20 Resistance should first appear at 8560 and 8589 then 8628 to 8635 and = 8668 to 8677 and 8683. A close over 8683 augurs for a rally to 8746 and = 8762 to 8777 and the 8856 to 8871 region which should cap a rally for = now.=20 A ship in Harbor is Safe.. But that's not what ships are built for. Happy Trading=20 Bill Thursday Aug. 27 1998 05:45 PM Copyright@1998 FuturesCom Investment Publications All Rights Reserved FuturesCom is Not Responsible for Transmission Errors and Omissions. THIS PUBLICATION CONTAINS THE VIEW AND OPINIONS OF THE AUTHOR, EXCEPT = WHERE OPINIONS ARE ATTRIBUTED TO OTHER SOURCES. WRITTEN PERMISSION IS. = REQUIRED PRIOR TO ANY DISTRIBUTION OR REPRODUCTION. FUTURES TRADING IS = RISKY AND CAN CAUSE SUBSTANTIAL FINANCIAL LOSS. THE USE OF OPTIONS AND = OPTION TRADING INVOLVES A HIGH DEGREE OF RISK. THE USE OF STOPS MAY NOT = LIMIT LOSSES TO INTENDED AMOUNTS. SPREAD POSITIONS MAY NOT BE LESS RISKY = THAN OUTRIGHT FUTURES POSITIONS. PAST RESULTS ARE NOT NECESSARILY = INDICATIVE OF FUTURE RESULTS. SOURCES ARE BELIEVED TO BE RELIABLE BUT NO = ASSURANCE IS MADE FOR ACCURACY. ADDITIONAL RISK DISCLOSURE IS AVAILABLE. = ------=_NextPart_000_0020_01BDD180.40449F20 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

FuturesCom Investment Publications
Morning Comments=20 8-27-1998
Dedicated to Excellence = in Analysis=20 of Futures Markets
Bonds.. SP500.. Forex.. Precious Metals.. Energies..Grains.. = Livestock..=20 Softs
Featuring Bi-Weekly Investment = Outlooks, Special Reports, Morning Comments and = More=20
Experienced Since 1979 & = Serving=20 Professional and Individual Futures Traders World Wide since=20 1988
5845 Autumn Ridge Rd = Lake Worth=20 Florida 33463 USA   561-433-2995 http://www.futurescom.com

"A loss never bothers me after I take it. I forget it = overnight. But=20 being wrong -- not taking the loss- that is what does the damage to the = pocket=20 book and to the soul." - Jesse livermore- =

Thursday August 27th 1998

4:00 AM

On the Frenzied Forex Front

Sept. Japanese-Yen

Nearby Support is 6956 and 6937, below that support is = 6919 to=20 6909 and 6888.

Resistance is at 6988 and 7003. A close over 7003 augurs = for a=20 likely push towards 7052 and more likely 7077 to 7088. Beyond that = resistance is=20 at 7143 to 7170.

Sept. D-Mark Recommended Position long at 5610, 5535 and = 5533

Resistance is at 5567 then 5577. A close over 5577 augurs = for a pop=20 to the 5608 region, where good resistance remains. However, Traders = should go=20 long if a close over 5610 occurs.

Support is at 5529 . A close under 5529 is negative for a = slip=20 towards the 5517 then 5508 to 5490 region. Where hearty traders can go = long at=20 5505 and hold for higher prices.

Sept. Swiss Recommended Position long 2 avg. 6724

Nearby resistance is at 6673 then 6707 and 6718 to 6722. A = close over=20 6707 is friendly for a touch of 6741/6743 beyond that resistance is at=20 6755/6758. A close over 6758 is friendly for another test of 6809 and = 6823.=20
Support is at 6637 and 6622. Below that good support = is near=20 6615 and 6591 to 6577. Day Traders should buy at 6591 for a bounce, risk = 25 pts.=20

A close over 6673 is friendly.

Trade Accordingly

Sept. British Pound: recommended position short at 1.6420 =
Support is at 1.6340 and 1.6260

Resistance is at 1.6550 and 1.6620

Trade accordingly

Sept. Canadian.

Support is near 6350 and 6337

Resistance is at 6404. A close over 6404 augurs for a test = of 6480.=20

Precious Metals

Dec. Gold Recommended Position Long 3 at avg. 289.8

Support is at 283.90. Beneath that support is at 280.3 to=20 278.5

Resistance is at 286.10 and 288.70.

Dec. Copper: Recommended Position long at 7470

Nearby Support is at 7335. Below that traders should go long at = 7255,=20 risk a close under 7190 for three days in a row.

Resistance is at 7405 and 7465. Beyond that good resistance = is at=20 7655 and 7675

Oct. Platinum Recommended position long at 372.5 and = 379.5

Nearby Support is at 358 and 349.

Resistance is at 363 and 368. A close over 364 is friendly = for a=20 rally towards 376

Bullish long term.

Dec. Silver Recommended Position long at 4 at 521

On the DownSide: Nearby Support is at 492 and 472.5.

On the Upside. Resistance is at 505 then 513, a close over = 506=20 augurs for an eventual test of 548.

* Traders should go long if a close over 506 occurs.

Buy This Dip..

 

The Exciting Energies

Oct. Crude recommended position long at 1364 and 1348

Nearby Support is at 1340 and 1315 to 1310. Under that 1289 = to 1274=20 should hold. Traders can buy at 1297, risk a close under 1289 for three = days in=20 row.

Resistance is at 1365 and 1390. However, a close over 1383 = augurs=20 for a test of good resistance at 1415 to 1421.

Oct. Unleaded Gas recommended position long 2 at 4070

Nearby Support is at 4005. A close under 4040 augurs for a = test of=20 3992 to 3982 and 3968 to 3910 where it should hold.

Resistance is at 4060 and 4160 Beyond that Resistance is at = 4254 to=20 4270.

A close over 4270 augurs for a test of the resistance at 4315 to 4350 =

Trade Accordingly.

Oct. Heating Oil Recommended Position long at 3544

Early Resistance is at 3635 and 3673. A close over 3675 = augurs for a=20 rally to 3715 with a likely test of 3805 to 3815.

Support is at 3565. Below that 3470 to 3425 should contain a = break.=20

Traders can buy at 3445. Risk a close under 3370 for three days in a = row.=20

The Grande Grains

November Soybeans Recommended = Position Long=20 540

Support is at 519 1/2 and 516.5 to 514

Resistance is at 528 1/2 and 541 1/2 to 543

Dec. Soybean Meal Recommended long at 143.80 and = 138.30

Support is at 133.6 and 132.5

Resistance is at 135.9 and 136.5

Trade Accordingly.

Dec. Soybean Oil recommended position long 2437

Support is at 2411. Then 2378. Traders should Buy at 2366 = and Hold=20 for higher prices. Risk a close under 2354 for three days in a row. =

Resistance is at 2419 and 2451 then 2461 to 2476.

Dec. Corn

Support is at 206 and 205

Resistance is at 210 3/4 to 211 1/2. A close over 210 1/2 = augurs for=20 a short covering rally to 218.

Dec. Wheat

Resistance is at 263 and 267. A close over 264 augurs for a = rally to=20 271/ 273.

On the DownSide Support is at 260 1/4 and 258. =

 

The Satisfying Softs

Dec. Cotton Recommended = Position Long at=20 avg. 7288, 7385, 7593

Nearby Support is at 7510 and 7465 to 7435. Day traders can buy = for a=20 bounce at 7465, risk 80 pts. Beneath that good support is at 7390 and = 7360=20

Resistance is at 7535 and 7570, an extended trade over or = close over=20 7570 augurs for a test of 7655 then 7760 to 7770.

Buy Dips

Oct. Sugar recommended position long at 804

Support is at 742 and 739 to 734 which should hold a decline = today.

Resistance is at 763/767 A close over 764 is friendly for a = test of=20 resistance near 774 to 782.

Dec. Coffee:

On the downside, Early support is at 115.20. Beneath = that=20 Support is at 113.60 to 113.00 and 112.70

On the Upside, Resistance is at 116.00 and 116.90 then = 117.70.=20 Above that resistance is at 119.20 to 120.30.

Trade Accordingly.

Dec. Cocoa Recommended Position Long at 1560 and 1569

Support is at 1569 and 1562 to 1554. Below that 1528 should = hold=20 today.

Resistance is at 1578 then 1583. A close over 1576 is = friendly for a=20 test of 1609 to 1615.

The Lively Livestock

October Cattle Recommended = Position long=20 at (3) 6210,5855 and 5950

Support is at 5905 and 5870. Below that 5855 should hold. =

Resistance is at 5957 and 5982. A close over 5990 augurs for an = eventual=20 test of 6210.

October Hogs Recommended Position Long (3) 4302 avg., 4327,=20 4057.
Resistance is 4177 and 4192 to 4222. A close over 4192 = is=20 friendly

for a push towards 4317.

Support is at 4117 and 4067 then 4017.

Dec. Hogs

Support is at 4077 to 4052 then 4022. Traders can Go long at = 4057=20 and hold.

Resistance is at 4177 and 4222, a close over 4177 augurs for = a test=20 of 4317..

Feb. Bellies recommended position long at 5500 and 5550,=20 hold.

Early Support is at 5142 to 5127 and 5067 to 5052.

Resistance is at 5202 then 5282 and 5355
--From the = Frying=20 Pan into the Fire--

The Sensational Stock and Bond Markets =

Sept. Bonds

On The DownSide, Nearby Support is 125-14 and 125-06 , below that = support=20 is at 124-26.

On the Upside: Early Resistance is at 126-00 Above that = resistance=20 is at 126-06 to 126-13, beyond that resistance is at 127-06 which should = cap a=20 rally today.

Sept. SP500

On the DownSide, Support is at 1075.40 , under that 1068 = to=20 1067.50 and 1063.30 to 1063 offers support. A close under 1063 augurs = for a test=20 of 1058 and 1054.30 and eventually 1152.00 where traders can buy and = hold for=20 higher prices. Below that 1048.10 to 1047.00 should hold basis the = close, If not=20 a test of 1042.40 and the 1036 to 1032 region is likely. If that fails a = test of=20 1018.50 is likely.

On the Upside, Resistance is at 1078.50 and 1082 , day = traders=20 can sell at 1082. Beyond that resistance is at 1088.80 then 1096 and = 1098.5 to=20 1099.50. Where firm sellers should appear.

The Dow Jones Industrial Average

Early Support is The close under 8560 is negative for a slip to = 8499 to=20 8484 region where it should hold basis the close. If it does not an = eventual=20 break down towards 8335 is likely. Under that support is at 8223 and = 8194 which=20 should stop a decline for now.

Resistance should first appear at 8560 and 8589 then 8628 to = 8635=20 and 8668 to 8677 and 8683. A close over 8683 augurs for a rally to 8746 = and 8762=20 to 8777 and the 8856 to 8871 region which should cap a rally for now.=20

A ship in Harbor is Safe.. But that's not what ships are built=20 for.

Happy Trading

Bill

Thursday Aug. 27 1998

05:45 PM

Copyright@1998 FuturesCom Investment Publications

All Rights Reserved

FuturesCom is Not Responsible for Transmission Errors and=20 Omissions.

THIS PUBLICATION CONTAINS THE VIEW AND OPINIONS OF THE AUTHOR, EXCEPT = WHERE=20 OPINIONS ARE ATTRIBUTED TO OTHER SOURCES. WRITTEN PERMISSION IS. = REQUIRED PRIOR=20 TO ANY DISTRIBUTION OR REPRODUCTION. FUTURES TRADING IS RISKY AND CAN = CAUSE=20 SUBSTANTIAL FINANCIAL LOSS. THE USE OF OPTIONS AND OPTION TRADING = INVOLVES A=20 HIGH DEGREE OF RISK. THE USE OF STOPS MAY NOT LIMIT LOSSES TO INTENDED = AMOUNTS.=20 SPREAD POSITIONS MAY NOT BE LESS RISKY THAN OUTRIGHT FUTURES POSITIONS. = PAST=20 RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. SOURCES ARE = BELIEVED=20 TO BE RELIABLE BUT NO ASSURANCE IS MADE FOR ACCURACY. ADDITIONAL RISK = DISCLOSURE=20 IS AVAILABLE.

------=_NextPart_000_0020_01BDD180.40449F20--