FuturesCom Investment Publications
Morning Comments (MC) March 22, 1999
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Sat. March 20, 1999

7:01 AM

On the Frenzied Forex Front

June Japanese-Yen

Support is at 8622 and the 8598 to 8589 region. Day traders can buy at 8598 and hold for higher prices. Under that support is at 8563 to 8556 and 8542. Below that support is at 8515 and 8484.

Resistance is at 8645 and the 8668 to 8683 region. Beyond that resistance is at 8722 and the 8762 to 8777 region.

A close over 8630 is friendly.

Support is at 5588 and 5582 to 5577 below that 5555 should hold.

Resistance is at 5638 and 5682 to 5688. Beyond that resistance is at 5710 to 5716/ 5729. BW Traders should sell at 5716, risk a close over 5729 for two days in a row..

Support is at 6867 and 6841 to 6836. Day traders can but at 6867 and hold for higher prices. Below that that 6841 to 6836 region offers good support and should contain a stop a decline.

Resistance is at 6891 and the 6906 to 6919 region. Beyond that resistance is at 6941 and 6967 then 6990 to 7003.

Support is near 1.6246 under that 1.6150 to 1.6090 should hold.

Resistance is at 1.6294 and 1.6336, a close over 1.6336 augurs for a test of 1.6420 and 1.6486.

Support is at 6577 and 6558. Under that 6527 offers good support. A close under augurs for a test of the 6509 to 6482 region. BW Traders can buy at 6510 for a turn higher risk a close under 6482 for three days in a row.

Resistance is at 6604 and 6627 Beyond that Resistance is at 6659 to 6677. Above that 6741 to 6755 should cap a rally. BW Traders can sell at 6741 for a turn lower, risk a close over 6755 for three days in a row.

Stay tuned for Forex flashes

Support is at 283.80 and 282.5, day traders can buy at 283.8, risk $4.00

Resistance is at 284.5 and 287.4.

Support is at 6085 and 6070, below that 6035 to 6020 should hold.

Resistance is at 6195 then 6285, close over 6250 is friendly and augurs for a

test of 6500. BW Traders should go long if a close over 6250 occurs.

Support is at 368.5 and 362, under that 358.5 should hold. BW traders should buy at 356.5 and hold for higher price. Below that buyers should appear near 350 to 349.

Resistance is at 374.3. A close over 374.3 is friendly and augurs for a test of the 378.5 to 382.5 region.

Be Long

On the DownSide: Support is at 503.5, day traders can buy at 503.5 and hold for higher prices. Below that support is at 499 and 492 BW Traders should buy at 492.5 and hold for higher prices. Under that 487 should contain a break.

On the Upside. Resistance is at 509.5. A close over 509. is friendly and augurs for a test of 521.5. to 524.

Be Long.

Support is at 1522 to 1520, Day traders can buy at 1520, risk 30 pts. Below that the 1503 and 1497 and 1477 regions offer support. Under that BW traders can buy at 1421, risk close under 1415 for three days in a row.

Resistance is at 1547 to 1553 beyond that sellers should appear near 1569 to 1572/ 1576 and 1598 to 1609.

Support is at 5785 to 4765, day traders can buy at 4785 and hold for higher prices.

Under that buyers should appear near 4695 and 4640. Below that 4505 and 4465 to 4430 offer Support. BW Traders can buy at 4447 and hold for higher prices.

Resistance is at 4745 and 4895. A close over 4895 is friendly and augurs for a test of 5000 and 5055 beyond that resistance is at 5255. .

Support is at 3985 to 3965. Day traders can buy at 3985 for a turn higher, risk 120 pts. Under that support is at 3885 and 305 then 3745 to 3735. BW Traders can buy at 3745 and hold for higher prices.

Resistance is a 4165 to 4185. A close over 4185 is friendly and augurs for a test of 4248 and 4304 to 4315..

Support is at 488 1/2 and 485 3/4. Day traders can buy at 488 1/2 and hold for higher prices. Below that support is at 482 and 476.

Resistance is at 495 1/2 and the 502 region

Trade accordingly.

Support is at 496 1/2, day traders can buy at 496 1/2, risk 10 cents Below that Support is at 493 to 491, under that good buyers should appear near 484 1/2 and 480

Resistance is at 504 1/4 beyond that resistance is at 508 1/2 to 509.

.

Support is at 136.00 and 135.3 Below that 133.8 offers support.

Resistance is at 138.80 and 140.80 a close over 138.3 augurs for a test of 144.5

Under that buyers should appear near and 1909 to 1900 and 1875.

Resistance is at 1947 to 1953, a close over 1953 is friendly and augurs for a test of 1982 to 2000.

Support is at 227 1/4 and 225 1/2. Day traders can buy at 227 1/2 and hold for higher prices. Under that support is at 222 1/2 to 221.

Resistance is at 230 1/2 and 232 beyond that resistance is at 235. .

Support is at 283 3/4 to 281, day traders can buy at 283 3/4 and hold for higher prices Under that 275 3/4 offers good support. BW traders can buy at 275 3/4, risk a close under 268 for three days in a row.

Resistance is at 287 1/2 a close over 288 is friendly and augurs for a test of 293 3/4.

On the Upside resistance 6115 and 6135 then 6165. A close over 6135 is friendly and augurs for a test of 6265. Beyond that a test of 6370 is likely.

On the DownSide support is at 6070, day traders can buy at 6070 and hold for higher prices under that support is at 6035 to 6023. Below that 5970 to 5935 should contain a decline. Buy Dips.

Support is at 552 and 538 to 532 below that 526 should hold. .

Resistance is at 559 to 563 and 572

On the DownSide, support is at 101.95 Below that BW Traders can buy at 101.25 and hold for higher prices. Under that 100.50 to 99.50 should hold.

On the Upside, Resistance is at 103.20 to 103.80 and 104.40 to 104.85.

A close over 103.20 is friendly and augurs for a test of 108.

Buy dips...

Nearby Support is at 1203 to 1192 under that 1164 to 1169

should contain the decline for a bit.

Resistance is at 1215 and the 1232 and 1238 region.

BW Traders should go long if a close over 1238 occurs.

Support is at 6627 and 6582 BW Traders can buy at 6577 and hold for higher prices.

Below that buyers should appear near 6512 to 6482.

Resistance is at 4287 and 4307 then 4377 to 4402. Day traders can sell at 4302 for a turn lower and hold for lower prices, beyond that BW Traders can sell at 4377 for a turn lower, risk as close over 4447 for three days in a row.

Support is at 4272 and 4207. Below that Buyers should appear near 4112.

Day traders can buy at 4107 and hold for higher prices

Stay Tuned for flashes...

Support is at 5447 to 5422. Below that buyers should appear near 5347, day traders can buy at 5347 and hold for higher prices.

Resistance is at 5542 beyond that good sellers should appear near 5622 to 5647.

Support is at 5082 and 5042 below that support is at 4937 and 4857 to 4842.

Resistance is at 5237 to 5242 and 5342.

On The DownSide nearby support is at 120-29 and 120-20 The close under 121-17 was negative and augurs for an eventual test of the 120-17 to 120-13 region

BW Traders can buy at 120-14 for a turn higher, risk a close under at 119-27 for two days in a row. Below that 119-17 should hold.

On the Upside: Resistance is at 121-17 and 121-23. Beyond that 121-31 should cap an early rally.

June SP 500
Support is at 1307 and 1304 under that support is at 1294.20 and 1291.75 under that buyers should appear near the 1289 to 1287 region.

Resistance is at 1310 and 1319.10 day traders can sell at 1319 and hold for lower prices. Beyond that 1322 offers good resistance as does 1324.80 and 1327.20

Above that 1334 should Cap a Rally.

Resistance is near 9921 to 9937 and 9992.70 beyond that sellers should appear near 10,0019 to 10,037 Beyond that resistance is at 10,070.