FuturesCom Investment Publications
Morning Comments , Feb 18,1999
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Support is at 8406 to 8373 and should hold. BW Traders can buy at 8391 for a turn higher, risk a close under 8314. Below that 8347 offers support.

Resistance is at 8484 to 8499 and 8557. Day Traders can sell an early rally at 8482 and risk 50 pts. A Close over 8482 is friendly and augurs for a test of 8557

Support should appear near the 5729 to 5716 region where day traders can buy at 5718, risk 20 pts. Below that Buyers should appear near 5653 to 5640

Nearby Resistance is at 5763 then 5807 to 5817. A close over 5807 is friendly and augurs for a test of 5855 to 5880. Beyond that a test of 5945 to 5957 is likely.

BW Traders should go long if a close over 5832 occurs. Trade Accordingly.

Support is at 7038 and 7030. Day Traders can buy at 7038, risk 15 pts below that 7011 should contain a break.

Resistance is at 7061 and 7074 to 7088 then 7111. Beyond that resistance is at 7130. Where sellers should appear, BW Traders can go short at 7141, risk a close over 7170 for two days in row.

Support is near 1.6328 and 1.6250. a close under 1.6238 augurs for a slip towards 1.6150 where BW Traders can buy at 1.6150, risk a close under 1.6090 for three days in a row.

Resistance is at 1.6420, a close over 1.6420 is friendly and augurs for a test of 1.6550 to 1.6612. Beyond that 1.6720 offers resistance, BW traders should sell at 1.6720 for a turn lower. Risk a close over 1.6780 for two days in a row.

BW Traders should go long if a close over 1.6358 occurs. Eventually we see a rally to 1.6550 ....be long.

Support should appear at 6670 then 6643 BW Traders can buy at 6636, risk a close under. 6590. Below that support is at 6577 and 6555 to 6544.

Resistance is at 6693, beyond that Resistance is at 6743. Day Traders can sell at 6743, risk 20 pts. However a close over 6755 is friendly and augurs for a test of 6809 to 6836 then 6906. BW Traders should go long if a close over 6755 occurs.

Support is at 285.5 and 283 where it should hold. A close under 283 augurs for a test of 279 to 276. BW Traders can buy at 277.6 risk a close under 275.7 for three days in a row.

Resistance is at 289 and 293.7 a close over 290.0 augurs for a test of 296.8 and 299. where good resistance remains. Beyond that resistance is at 309.

BW Traders should go long if a close over 293.7 occurs.

Support is at 6355 and 6335. BW Traders can buy at 6335 for a turn higher, risk a close Under 6125 for two days in a row. Below that 6020 should contain the decline...

Resistance is at 6390 and 6410 beyond that good sellers should appear near 6550 and 6730. BW Traders can sell at 6730, risk a close over 6755 for three days in a row.

Support should appear near 363.5 and 355. Below that support is at 349.5.

Resistance is at 369 then 374 to 375.

On the DownSide: Nearby Support is at 535 and 521 to 518 Day traders can buy at 535 for a bounce stay tuned...

On the Upside. Resistance is at 549 and 561.

Nearby Support is at 1151 and 1126

Resistance is at 1176 then 1201 to 1210

BW Traders should go long if a close over 1217 occurs.

Trade Accordingly

Support is at 3563 and 3505. Below that 3480 to 3445 should hold. Day traders can buy at 3480 for a bounce, risk 100 pts. BW Traders can buy at 3505 for a turn higher risk a close under 3480 for 2 days in row.

Early Resistance is at 3643 and 3682 beyond that resistance is at 3735

Support is at 2955 to 2920, BW Traders can buy at 2920, risk a close under 2870 for three days in a row. Below that 2775 offer support and should stop a decline.

Resistance is at 3151 day traders can sell at 3145, risk 100 pts initially

Beyond that resistance is at 3325

Trade Accordingly.

Support is at 489 and 485 then 482 to 477 should hold.

Resistance is at 493 and 496 1/2

A close over is 494 friendly and augurs for a test of 511 and most likely 523.

BW Traders should go long if a close over 501 1/2 occurs.

Stay Tuned for Flashes...

Support is at 129.5. Below that 127.5 and should hold.

BW Traders can buy at 127.5 risk a close under 123 for three days in a row.

Resistance is at 133.6. beyond that resistance is near 136.70 to 138.

BW Traders should go long if a close over 133.6 occurs. Risk a close under 130.4 for two days in a row.

Resistance is at 2088 then 2102 and 2123, a close over 2088 is friendly and augurs for a test of 2170 to 2199.

BW Traders should go long if a close over 2123 occurs..

Support is at 218 3/4 then 216. BW Traders can go long at 216 for a turn higher, risk a close under 211 for two days in a row.

Resistance is at 221 3/4 and 225 3/4.

Support is at 274 3/4 to 273. Day traders can buy at 273, risk 7 cents Below that 268 offers support

Resistance is at 280 1/2 and 285. Beyond resistance is near the 292 region.

BW Traders should go long if a close over 279 1/2 occurs.

Trade accordingly.

Resistance should appear near 5835 and 5852. Beyond that 5935 offers resistance.

Support is at 5735 and 5655. BW Traders can go long at 5680, risk a close under support at 5535 for three days in a row..

Support is at 634 to 630. Day Traders can Buy at 635 and hold for higher prices... Below that 609 to 601 should hold.

Resistance is at 657, a close over 662 is friendly for a test of 704 to 712

On the DownSide, support is at 103.80 to 103.20 and 101.45

On the Upside, Resistance is at 104.45 then 105.80. to 106.15 and 106.45 beyond that a test of 108.10 is likely....

Trade Accordingly.

Support is at 1278 and 1261, BW traders can buy at 1268 for a turn higher, risk a close under 1232 for three days in a row.

Resistance is at 1328 to 1334 Beyond that resistance is at 1362 and 1377 to 1383, BW Traders can sell at 1377, risk a close over 1383 for three days in a row.

Support is at 6637 and 6592 below that 6522 should Hold.

Resistance is at 4557 and 4587 Day traders can sell at 4557 for a turn lower ... stay tuned... Beyond that resistance is at 4657 and 4692 BW Traders can sell at 4692 for a turn lower, risk as close over 4727 for three days in a row.

Support is at 4457 and Below that support is at 4387 to 4357.

Support should appear near 5367 and 5357. BW Traders can buy at 5352 for a bounce, risk a close under 5262 for three days in a row. Below that support is at 5207 and 5142. BW Traders can buy at 5137 and hold for higher prices.

Resistance is at 5507, Day traders can sell an early rally at 5507, stay tuned..

Beyond that resistance is at 5657 to 5672. Day traders can sell at 5652, beyond that good sellers should appear near 5682. BW Traders can sell at 5682 for a turn lower, risk a close over 5802 for three days in a row.

On The DownSide nearby support is at 123-25 and 123-15, a close under 123-15 augurs for a test of 122-12 and 121-16 BW traders can buy at 121-16 for a turn higher, risk a close under 121-06 for two days in a row..

On the Upside: Resistance is at 124-12 and 124-15. Beyond that resistance is at 125-13.

Support is at 1224.20 and 1218.70 to 1218. Below that 1214 to 1213 should

contain the break. However a close under 1218 is negative and indicates a test of the 1205.70 and the 1203 to 1192 region where good buyers should appear and hold the mkt. for a bit. Day Traders can Buy at 1205.70... stay tuned...

On the Upside, Resistance is at 1232 and 1235 then 1237.70 to 1238 beyond that resistance is at 1244.50 and 1249.50 then 1253 to 1257.20

Stay tuned for Flashes

Resistance is near 9285 and 9316 then 9347, a close over 9347 is friendly and augurs for a test of 9429 to 9438 and 9444.