Note: Traders should cancel all sell orders to short per the Bi-weekly in hogs and Cattle.
 

01/07/99
1:00 AM

On the Frenzied Forex Front

March Japanese-Yen

Nearby Support is at 9064 and 9034 then 8964 and 8871 and 8777 where traders should buy at 8777 for a good bounce, risk a close under 8734 for three days in a row.

Resistance is at 9131 to 9140 . Beyond that Traders can sell short at 9173 for a turn lower, risk 70 pts. A close over 9226 is friendly and augurs for a test of 9316 to 9347 where traders should sell at 9330 and hold for lower prices.

Early Support is near the 5957 to 5940 region. Below that support is near 5880 and 5855. .

Resistance is at 6018 then 6057 and 6101 and 6113, traders can go short for a quick turn lower at 6108, risk a close over 6113 for three days in a row. Beyond that good sellers should appear near 6165 to 6190 and 6257. Traders can go short at 6257 and hold for lower prices.

Nearby Support is at 7213 and 7170

Resistance is at 7279 then 7328 beyond that resistance is at 7363

Support is at 1.6420. Below that support is at 1.6286 and the 1.6150

to 1.6090 region where traders can go long at 1.6150 then hold for higher prices.

Resistance is at 1.6550 and 1.6640 then 1.6720.

Support should appear near the 6591 to 6589 and 6577. below that 6545 should hold today.

Resistance is at 6645 to 6657 and 6677

Support is at 288 and 286.4. Traders can buy for a bounce at 286.4, risk a close under 282. Below that the 276 to 271 region should hold.

Resistance is at 291.5 and 292.8 a close over 292.8 is friendly and traders should go long if that occurs. Beyond that resistance is at 296.5 and the 306 to 311 region.

Support is at 6400. Traders can go long at 6385 and hold for higher prices.

Resistance is at 6635 then 6775 and 6790, a close over 6800 indicates a test of 6905 to 6920. Beyond that resistance is near 6995.

Early Support should appear near 356.5 , beneath that 354.5 should contain a break.

Resistance is at 364 and 372.5, a close over 373 is friendly and indicates a test of 378.5 to 379.5 and eventually 383. Beyond that resistance is near 385 to 387 and the 390.9 to 393 region.

Traders should go long if a close over 372.5 occurs, risks a close back under 362.5.

On the DownSide: Nearby Support is at 511 and 504 then 496.5 and 489.

On the Upside. Resistance is at 533. Beyond that good sellers should appear

near 541 beyond that 553 to 555 should stop a rally for a bit.

Nearby Support is at 1270 to 1264 Below that 1245 should hold.

Resistance is at 1304 to 1319. Traders can go short at 1304, risk a close over resistance at 1334 for three days in a row.

Trade Accordingly

Support is at 3770 and 3709 Below that support is at 3635

Resistance is near the 3909 to 3930 region. Beyond that sellers should appear near 4045. Traders can go short at 4045 for a turn lower, risk a close over 4110 for two days in a row.

Nearby Support is at 3485 below that Traders can buy at 3365, risk a close under 3260 for three days in a row.

Resistance is at 3590 and 3615 then 3655. A close over 3655 indicates a push towards 3745 and 3855. Trade Accordingly.

Support is at 552 and 5471/2

Resistance is at 560 then 567

Support is at 138.8 and 136.9 under that 134.60 to 133 should hold.

Resistance is at 145 and 150 offer good resistance.

Resistance is at 2402 and 2411 to 2419. Traders can go short at 2419 for a turn lower, risk a close over 2452 for three days in a row.

Support at 221 and 218 1/2.

Resistance is at 226 and 229 offers resistance.

Support is at 286 1/4 and 281.

Resistance is at 289 and 291. Beyond that resistance is at 294.

Resistance should appear near 6065 to 6085 and 6110 then 6165 to 6185

Support is at 5880 to 5855 and 5825 under that 5790 should hold.

Traders should go long if a close over 6072 occurs.

Resistance is 883. Beyond that resistance is at 894 and 907 to 912.

Support is at 867 , day traders can buy at 867 and risk 45 pts. Below that support is at 852 to 847

On the downside, Early support is at 116.90 and 116.40 to 116.00 Additional support should appear at 115.75 and 115.00 and 113.60

On the Upside, Resistance should appear near 118.55 and 119.40 to 120.30 then 121.05 and 123.20 to 123.80. a close over 123.30 is friendly and augurs for a thrust towards 126.80 to 127.40.. Buy Dips

Support is at 1363 to 1345 then 1334. Traders can buy at 1346 for a turn higher, risk a close under 1304 for three days in a row. Below that 1295 and 1274 to 1268 offer support.

Resistance is at 1383 and 1402, Beyond that resistance is at 1415 to 1421 and 1452. Traders can sell short at 1444 and hold for lower prices.

Resistance is at 6295. and 6337 .

Support is at 6162 and 6112 then 6082 .

Resistance is at 3512 and 3522 then 3622.

Support is at 3322, day traders can buy at 3322,. Below that support is at 3245

Resistance is at 4050 and 4122

Support is at 3957. Below that Buyers should surface at 3917 and 3852. A close under 3917 is negative

Nearby Support should appear near 4667 then 4627 and 4567 . Below that support is at 4517. Day traders can buy at 4627 for a bounce. Risk 150 pts.

Resistance is at 4717 and 4817 then 4862 and 4967

On The DownSide, support is at 126-27 and 126-12. Below that support should appear near 125-25 and 125-17.

On the Upside: Nearby Resistance is at 127-26 and 128-10. Beyond that resistance is at 128-26

On the DownSide, Nearby Support at 1274 and 1270.40 then 1268 and 1265.90, a close under 1268.00 augurs for a test of 1238 and 1233.80 to 1232.

On the Upside, Resistance is near the 1282 to 1286 region. Above that good sellers should appear near 1292 and 1297 then 1304