FuturesCom Investment Publications
Morning Comments , Jan 26,1999
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Support is at 8777 where day traders should buy for a good bounce 8777, below that traders can go long for a turn higher at 8742, risk a close under 8734 for three days in a row.

Resistance is at 8871 to 8876 day traders can sell at 8876, risk 60 pts. Beyond that resistance is at 8934 to 8964. Above that sellers should appear at 9019 then 9044 to 9060. Traders can go short at 9044, risk a close over 9060 for two days in a row.

Support is at 5909, day traders can buy at 5912 below that support is at 5880 to 5855. Traders can buy at 5865 for a good bounce, initially risk a close under 5855 for three days in a row.

Resistance is at 5932 then 5942 and 5959. A close over 5959 augurs for a test of 6003 and 6023 to 6035. Traders can go short for a quick turn lower at 6022, risk a close over 6042 for three days in a row.

Support is at 7244/ 7242. Day traders can buy at 7242 for turn higher. Below that support should appear near 7207 and 7170, traders can go long at 7170 and hold for higher prices. Resistance is at 7257 then 7307. Above that resistance is near 7328 then 7351 to 7359.

Support is at 1.6550 then 1.6512. Day traders can buy at 1.6512 below that support is at 1.6486 under that 1.6420 should hold Resistance is at 1.6612 an extended trade over 1.6612 indicates a likely test of 1.6720.

Support should appear at 6584 and 6577. Below that support should appear near 6539. Resistance is at 6591 then 6627 and 6639 Traders can short at 6627 for a good turn lower, risk a close over 6677 for three days in a row.

Support is near 289.1, day traders can buy at 289.1, risk $ 3.00 below that 282 should hold. Resistance is near 292.8 and 293.7 to 294.10

Support is at 6515 to 6485 under that 6415 should hold.

Resistance is at 6560, a close over 6560 is friendly and augurs for a test of 6715 then 6740 to 6755. A close over 6755 indicates a test of 6865 to 6920.

Support should appear near 352.5 and 349.5 below that 343. Should bring out

Buyers and contain a break.

Resistance is at 357.5 then 361 to 362. However a close over 359.5 is friendly and indicates a test of 365.1 and 372. Traders should go long if a close over 359.5 occurs, risks a close back under 349.

On the DownSide: Nearby Support is at 513. 5, day traders can buy at 513.5 for a turn higher. Below that good buyers should appear near 497 and 480 to 475.5.

Traders should buy at 485.5, risk a close under 480 for three days in a row.

On the Upside. Resistance is at 521 to 523.5, a close over 521 is friendly and

augurs for a likely test of the 537 region. Beyond that good sellers should appear

near 541. Above that 555 to 560 should stop a rally for a bit.

Traders should go long if a close over 521 occurs.

Buy Dips.

Nearby Support is at 1224 below that 1205 to 1199 should hold,

Day traders can buy at 1224 for a bounce.

Resistance is at 1249. Beyond that another test of 1274 then 1296 to 1304 /1319 and 1334 is likely Trade Accordingly

Support is at 3565 to 3555 and 3505. Below that 3340 should hold. Resistance is at 3655 to 3680 and 3705. A close over 3745 is friendly and augurs for an eventual test of the 3850 to 3865 region.

Support is at 3165 to 3155.

Resistance is at 3270 and 3365. A close over 3355 augurs for a test of 3490 to 3503 and most likely the 3613 /3623 region. Trade Accordingly.

Support is at 514 and should contain a break.

Resistance is at 519, a close over 519 is friendly and augurs for a test of 537 to 539

trade accordingly.

Support is at 131.4 and 130.70 then 127.4 to 126.8 should hold. Traders can buy at 127.4 and hold for higher prices.

Resistance is at 134.6, a close over 134.6 indicates a test of 137.7 to 138.3. traders can go long if a close over 134.6 occurs. Risk a close under 133.4 for two days in a row.

Resistance is at 2245, a close over 2245 is friendly and augurs for a test of 2315 to 2322.

Support at 213 and 209.

Resistance is at 219 1/4 beyond that 222 3/4 offers resistance

Traders can go short at 221 3/4 for a quick turn lower, risk a close over 227 3/4

Support is at 269 3/4 Below that 264 to 263 offers support and should bring out buyers Resistance is at 275 3/4, a close over augurs for a test of the 282 3/4 and

eventually 287.

Resistance should appear near 5855 and 5880.

Support is at 5715 then 5653 and 5570.

Support is at 682 to 684 under that 651. Resistance is at 704 and 716 then 735

On the downside, support is at 105.80 to 105.30 and 104.70 which offers good

support as does 103.60 to 103.20. Hearty traders should go long at 103.75 and hold for higher prices. Below that 102.80 should hold.

On the Upside, Resistance should appear near 106.30 to 106.80 then 107.80.

A close over 106.30 is friendly and augurs for a test of 109.20 to 110.10.

Nearby Support is at 1308. Below that 1290 to 1286 offers support. Resistance is at 1318 and 1336 Above that resistance is at 1358.

Resistance is at 6682. Traders can sell at 6672 for a quick turn lower. Risk a close over 6757 for two days in a row

Support is at 6612 and 6602. Below that 6537 should hold,

Support is at 4402 and 4342 then 4302 to 4297.

Resistance is at 4502 and 4542 then 4602.

Resistance is at 4482 to 4502 and 4527. Beyond that 4602 offer's resistance while 4692 should cap a rally. Support is at 4417 to 4402 and 4372 then 4287.

A close under 4420 is negative.

Nearby Support should appear near 5377 then 5227. Resistance is at 5637 then 5687 and 5717.

On The DownSide, nearby support is at 127-10 then 127-01 below that 126-13 to

126-10 should hold. Day traders can buy at 126-13 for a bounce. Risk 10 pts.

On the Upside: Resistance is at 127-10 and 127-22 day traders can go short at 127-22 for a turn lower. Beyond that 128-10 to 128-13 offer resistance.

Support is at 1238 and 1235.60 where day traders can buy for a bounce, put your own risk on it.. below that support is at 1232 then 1223.30 and 1219.50 to 1218. Below that 1203 to 1192 should hold for a bit.

On the Upside, Resistance is at 1251.50 to 1253. Day traders can sell at 1253, put your own risk on it. Beyond that sellers should appear near 1255.30. A close over 1255.30 is friendly and augurs for a test of 1262.70 and eventually 1268.

Stay tuned for Flashes ...

Support is at 9156 to 9140 and 9123 a slip under augurs for a test of 9060 to 9044. Below that 8964 to 8934/ 8929 should hold. Resistance is near 9255 to 9270 and 9316 to 9347. Beyond that 9428 should cap a rally.