FuturesCom Investment Publications
Morning Comments , Jan 27,1999
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Support is at 8783 and 8762 where day traders should buy for a good bounce at 8762, 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 8856 to 8871. 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 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 5913 and 5925 then 5942. A close over 5942 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.

Buy this Dip

Support is at 7170 to 7161 and 7140. Traders can go long at 7170 and hold for higher prices. Resistance is at 7211 then 7242.

Buy this Dip...

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

Support should appear at 6539 and 6509 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 287.1, day traders can buy at 287.1, risk $ 3.00 below that 282 should hold. Resistance is near 290.8 and 291.8 then 293.7 to 294.10

Support is at 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.

Support should appear near 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 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 515 and 521 523.5, a close over 521 is friendly and

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

near 541. Traders should go long if a close over 521 occurs.

Buy Dips.

Nearby Support is at 1201 to 1192 should hold, Day traders can buy at 1201 for a bounce. Below that 1177 offers support. Resistance is at 1226 and 1251.

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 510 3/4 and 505.

Resistance is at 518 1/2 a close over is friendly and augurs for a test of 537 to 539

trade accordingly.

Support is at 130.60 then 127.4 to 126.8 should hold. Traders can buy at 127.4 and hold for higher prices.

Resistance is at 132.5 and 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 2219 and 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 270 3/4 Below that 264 to 263 offers support and should bring out buyers Resistance is at 276, a close over augurs for a test of the 282 3/4 and

eventually 287.

Resistance should appear near 5855 and 5880 then 5925

Support is at 5790 then 5740 and 5653.

Support is at 6562 and 651. Resistance is at 693 and 704 then 716

On the downside, support is at 106.80 and 105.80 to 105.545 and 104.45 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 102.95 should hold.

On the Upside, Resistance should appear near 107.80. The close over 106.30 was friendly and augurs for a test of 109.20 to 110.10....patience

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

Resistance is at 6597 then 6617 and 6672 traders can sell at 6672 for a quick turn lower. Risk a close over 6757 for two days in a row

Support is at 6542 beloew that 6507 should hold,

Support is at 4212 and 4127 to 4112. Day traders can buy at 4127 for a bounce..

Resistance is at 4312 to 4327 then 4412.

Resistance is at 4407 and 4462. Beyond that 4507 and should cap a rally.

Support is at 4307 and 4267 then 4207.

Nearby Support should appear near 5462 then 5370 and 5312

Resistance is at 5612 then 5672 and 5762.

On The DownSide, nearby support is at 127-11 then 127-01 below that 126-11

should hold. Day traders can buy at 126-12 for a bounce. Risk 15 pts.

On the Upside: Resistance is at 127-22 and 128-10 day traders can go short at 128-10 for a turn lower.

Support is at 1262 and 1255.00 to 1253 below that 1251.70 offers support, day traders can buy for a bounce at 1251.65 put your own risk on it.. below that support is at 1238

On the Upside, Resistance is at 1267.70 to 1268 .. Day Traders can go short at 1268 and hold for lower prices, put your own risk on it and stay tuned. Beyond that Sellers should appear near 1271 and 1274. A close over 1274 augurs for a test of 1283.70 to 1287. Beyond that 1304 should Cap a Rally. Traders Who Have Ice Water Running Through Their Veins can go short at 1304 and hold for lower prices, initially plan on risking a close over 1311.5 for three days in a row. Beyond that 1319 should bring put sellers.

Stay tuned for Flashes ...

Resistance is near 9347. Above that sellers should appear near 9429 to 9445/ 9448 and 9526 to 9542 beyond that 9618 to 9625. 9641 offers good resistance. A close over 9641 augurs for a test of 9707 to 9737. Above that, 9821 to 9837 should Cap a Rally for a bit..