FuturesCom Investment Publications
Morning Comments Thursday  Feb 25,1999
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Support is at 8223 to 8194.. Below that 8134 offers support.

Resistance is at 8302 to 8314 and 8318 Day traders should sell at 8302 for a turn lower. Beyond that resistance is at 8368.

Trade Accordingly.

Support should appear near 5582 to 5577 and 5553 Below that Buyers should appear near 5530.
Resistance is at 5630 and 5640 to 5654. Beyond that resistance is at 5680... Day traders can sell at 5680 risk 25 pts.

Support is at 6906 and 6894 then 6878. Day traders can buy at 6906 for a bounce , risk 30 pts. Resistance is at 6928 An extended trade over 6928 augurs for a trade to the 6978 to 6994 regions.

Support is near 1.5830 and 1.5760

Resistance is at 1.6012 and 1.6090 to 1.6150

Support should appear at 6659 then 6633. BW Traders can buy at 6636 , risk a close under .6590.

Resistance is at 6710. A close over 6710 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 286.8 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 293.3. A close over 293.3 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 6225 and 6165 Below that 6105 should contain a decline today.

Resistance is at 6300 and 6355... A close over 6300 augurs for a test of 6500

Support is at 383 and 379.5 and 377.5. Day Traders can buy at 377.5 for a turn higher.. Below that support is at 369.5.

Resistance is at 387.5. A close over 387.5 augurs for a test of 397.

On the DownSide: Nearby Support is at 538.5 and 529.5

On the Upside. Resistance is at 547 and 550.5 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 1259 and 1242 to 1238. Hearty Day traders can buy at 1242 risk 20 pts. Resistance is at 1274 to 1284 and 1292 to 1304 / 1319. Beyond that traders can go short at 1334, risk a close over 1347 for three days in a row.

Trade Accordingly

Support is at 3773 and 3715 where it should hold.

Resistance is at 3865 and 3917 Beyond that resistance is at 3992 and 4150.

Support is at 3215 then 3157 and 3035.

Resistance is at 3325 and the 3410 to 3430 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 457 1/2 and 449.

Resistance is at 469 3/4 A close over is 470.5 friendly and augurs for an

Eventual test of 491.

Support is at 125.4 and 123. Under that 119.2 should contain the decline.

Resistance is at 127.5 and 131.5 beyond that resistance is near 133.6.

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 1924. A close over 1924 is friendly and indicates a test of 1987 and the 2034 to 2042 region.

Support is at 210 1/2 and 208.

Resistance is at 214 3/4 A close over 215 is friendly and augurs for a test of the 221 region

Support is at 264 Below that 262 to 259 offers support and should bring out buyers Traders should buy at 259 3/4, risk a close under 255 for three days in a row.

Resistance is at 267 3/4 and 270

Resistance should appear near 5828. Beyond that resistance is at 5875.

Support is at 5770 and 5729 to 5716 below that 5670 should stop a decline today.

Be long

Support is at 634 and 630. Below that 609 offers support and 594 should hold.

Resistance is at 641 and 656 to 661. A close over 656 is friendly for a test of

674 to 681. Be long....

On the DownSide, support is at 106.30 and 105.80 Below that 104.65 offers good support. Day traders can buy at 104.65 for a bounce stay tuned...

On the Upside, Resistance is at 106.80 and 107.15 , an extended trade over 107.15 is friendly and augurs for another test of the 109.20 to 110.10 region...

Trade Accordingly.

Support is at 1304 and 1295 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 1325 and the 1334 to 1345 region Beyond that BW Traders can sell at 1377, risk a close over 1383 for three days in a row.

Support is at 6742 below that 6687 should contain a decline today. A close under 6687 is negative and augurs for a test of 6612.

Resistance is at 4392 and 4417 Beyond that 4492 to 4517 offers good resistance Day Traders can sell at 4492 for a turn lower , risk 50 pts.

Support is at 4317 and 4292 . Below that support is at 4217. BW Traders can buy at 4227 and hold for higher prices.

Support should appear near 5077 and 5032. Under that support should appear near the 4927 to 4857 region. Traders can buy at 4927 and hold Below that support is at 4857. Resistance is at 5142 and 5227. Beyond that resistance at 5332 to 5377 should cap a rally.

A close over 5142 is friendly

On The DownSide nearby support is at 121-27 and 121-20 to 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. Below that support is at 120-20 and 120-03.

On the Upside: Resistance is at 122-03 and 122-16 to 122-20 Beyond that 122-27 should cap a rally today.

Support is at 1253 and 1249.50 Below that buyers should appear near 1238.40 / 1238 to 1235 and the 1232 region. Day Traders can buy at 1238.40 stay tuned . A close under 1232 augurs for a test of 1226.70 and 1224.20 then 1218. A Slip under 1218 is negative and indicates a test of the 1203 to 1192 region where good buyers should appear and hold the mkt. for a bit.

On the Upside, Resistance is at 1260.20 and 1268 to 1270.40/ 1271

Day traders can sell at 1270.40.. stay tuned.. Beyond that resistance is at 1274 and 1289 Stay tuned for flashes

Resistance is near 9429 to 9444. A close over 9445 is friendly and indicates a test of 9505 then 9526 to 9542 beyond that 9625 to 9642 offers good resistance.