FuturesCom Investment Publications
Morning Comments , Feb 24,1999
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Support is at 8289 and 8223 to 8194.. Below that 8134 offers support.

Resistance is at 8312/ 8314. A close over 8314 is friendly and augurs for a test of 8391 to 8406

Trade Accordingly.

Support should appear near 5627. Below that Buyers should appear near 5589 to 5577

Nearby Resistance is at 5653 and 5677 to 5689. Day traders can sell at 5689 for a turn lower... Beyond that resistance is at 5716 to 5729

Support is at 6919 to 6906 and 6901 then 6875...

Resistance is at 6925. An extended trade over 6925 augurs for a trade to the 6990 to 7003/ 7008 regions.

Support is near 1.6090 and 1.6036 under that 1.5990 to 1.5970 should hold.

Resistance is at 1.6146 to 1.6150 , a close over 1.6150 is friendly and augurs for an eventual test of 1.6420.

BW Traders should go long if a close over 1.6358 occurs.

Support should appear at 6673 and 6659 then 6640. Below that BW Traders can buy at 6636 , risk a close under .6590.

Resistance is at 6706. A close over augurs for a test of 6743. 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 287.60 then 286.5 and 282.7 where it should hold. A close under 282 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 292.6... A close over 292.6 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.

Be long ...

Support is at 6220 and 6165 Below that 6095 should contain a decline today.

Resistance is at 6295 and 6335 to 6355... A close over 6295 augurs for a test of 6490

Support is near 380.5 and 377.5 to 376.5 . Day Traders can buy at 380.5 for a turn higher.. Below that support is at 369.5.

Resistance is at 386.5 and 389. A close over 387 augurs for a test of 396.

On the DownSide: Nearby Support is at 542 /541 Day traders can buy at 541 for a bounce stay tuned... Below that support is at 535.5 should stop a break today

On the Upside. Resistance is at 555 to 557. A close over 551 is friendly. Is friendly and augurs for an eventual test of 567.5 to 575.

BW Traders should go long if a close over 572.5 occurs.

Buy Dips

Nearby Support is at 1238 and 1232 Day Traders can Buy at 1235 , risk 30 pts

Resistance is at 1258 then 1268 tom 1274 and the 1304 to 1319 region.

Beyond that traders can go short at 1334, risk a close over 1347 for three days in a row.

Trade Accordingly

Support is at 3787 and 3710 where it should hold.

Resistance is at 3865 and 3910 Beyond that resistance is at 3992 and 4150.

Support is at 3200 then 3157 and 3035.

Resistance is at 3270 Beyond that resistance is at 3325 and the 3400 region...

BW Traders can sell at 3430 for a turn lower ,risk a close over 3445 for three days in a row.

Trade Accordingly.

Support at 476 to 472 where it should hold today day traders can Buy at 472 1/2, risk 5 cents. Resistance is at 479... A close over is 479.5 friendly and augurs for an

Eventual test of 486.

Support is at 128.1. 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 130.0 and 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 1982 to 1996. A close over 1984 is friendly and indicates a test of 2004 then 2034 to 2042.

Support is at 219 1/2 to 218 then 215 1/2 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 222 3/4 and 225 1/2 A close over 226 is friendly and augurs for a test of the 229 to 231 region. BW Traders can go short at 230 for a quick turn lower, risk a close over 232 3/4

Support is at 270 1/4 to 269 3/4 . Below that 264 should hold.

Resistance is at 273 1/2 and 276 then 279

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

Trade accordingly.

Resistance should appear near 5705 and 5765 to 5790. Beyond that resistance is at 5870.

Support is at 5665 to 5653 below that 5590 should stop a decline today.

A close over 5705 is friendly

Support is at 634 and 630.. Below that 609 to 601 should hold.

Resistance is at 644 and 656 to 661. A close over 656 is friendly for a test of 671 to

681. Be long....

On the DownSide, support is at 106.80 to 106.30 and 105.80 Below that 105.00 to 104.60 offers good support. Day traders can buy at 106.30 for a bounce stay tuned...

On the Upside, Resistance is at 107. A close over 107 is friendly and augurs for another test of 109.20 to 110.10

Trade Accordingly.

Support is at 1304 and 1292 below that BW traders can buy at 1268 for a turn higher, risk a close under 1232 for three days in a row.

Resistance is at 1319 and the 1334 to 1342/ 1346 region Beyond that BW Traders can sell at 1377, risk a close over 1383 for three days in a row.

Support is at 6757 day traders can buy at 6757 for a bounce, risk 50 pts.

Resistance is at 4532 and 4572 then 4642 Beyond that BW Traders can sell at 4692 for a turn lower, risk as close over 4727 for three days in a row. Above that resistance is at 4742.

Support is at 4512 to 4502 and 4487 . A slip / close under 4487 is negative and augurs for a test of 4387.

Support should appear near 5222 and 5167 Below that 5137 offers support.

Under that support should appear near the 5072 to 5037 region Day traders can buy at 5067 and hold for higher prices.

Resistance is at 5347 and 5372 . Day traders can sell at 5372, risk 100 pts.

Beyond that resistance at 5522 should cap a rally today.

On The DownSide nearby support is at 122-19 and 122-04 A close under 122-04 augurs for a test of 121-13 and 121-06 traders can buy at 121-16 for a turn higher, risk a close under 121-06 for two days in a row. Below that support is at 120-14.

On the Upside: Resistance is at 123-01 and 123-19 then 124-04 and 124-19

Support is at 1274 and 1271/ 1270.30 then 1268 to 1266.30 . A close under 1268 is negative.. and augurs for a test of 1253.

On the Upside, Resistance is at 1281.60 and 1284.70 then 1289.

Beyond that resistance is at 1304.. BW 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 out sellers.

Stay tuned for Flashes

Resistance is near 9583 beyond that 9625 to 9642 offers good resistance.

A close over 9642 augurs for a test of 9707 to 9737 Above that, 9821 to 9837 should

Cap a Rally for a bit.