FuturesCom Investment Publications
Morning Comments (MC) April 30, 1999
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Nearby Support is at 8829 and 8812 to 8407 and 8391, Day Traders can buy at 8429 and hold for higher prices. Below that 8365 offers support.

Resistance is at 8444 and 8457 then 8484 to 8499. Above that resistance is at 8515 to 8528 and 8560 to 8589 .

be long...

Support is at 5435 to 5418. A close under 5418 augurs for a test of 5356 to 5344,

Resistance is at 5488 to 5504. Day traders can sell at 5488, risk 30 pts. Beyond that BW Traders can sell at 5555 and risk a close over 5577 for three days in a row.

Support is at 6597 to 6577, aggressive BW traders can buy at 6591 for a turn higher, risk a close under 6577 for three days in a row. Below that support is at 6540 and the 6509 to 6482 region.

Resistance is at 6653 and 6670 then 6707 region Day traders can sell at 6653, risk 40 pts. A close over 6707 is friendly and augurs for a test of 6741 to 6755, beyond that resistance is at 6809 to 6836.

Nearby Support should appear near 1.6090. Under that support is at 1.6038

Resistance is at 1.6112 and 1.6150.

Support should appear at 6805 and 6755 to 6741 A close under 6741 is negative augurs for a test of 6673. BW Traders can buy at 6673 for a bounce, risk a close under 6622.

Resistance should appear at 6836. And 6857 then 6883

Stay tuned for Forex flashes

Support is at 287.4 and 284 to 282,.. BW traders can buy at 282.3 for a turn higher risk, a close under 281 for three days in a row

Resistance is at 291 and 292.40 then 294.

Trade accordingly

Support is at 7185 to 7145 and 7065 .

Resistance is at 7265 and 7280 then 7310 to 7345 and 7465..

Support is at 349 to 346 under that 342 should hold.

Resistance is at 353 a close over 353 is friendly and augurs for an eventual test of 358. Beyond that good sellers should appear near 363.

BW Traders should go long if a close over 358.90 occurs. .

On the DownSide: Support is at 536, day traders can buy at 536 and hold for higher prices. Below that support is at 533 and 522.

On the Upside. Resistance is at 548 and 557. A close over 548 augurs for a test of 557 to 572...

Nearby Support is at 1847 then 1829. Day Traders can buy at 1829 for a turn higher risk 40 pts... Below that 1804 and 1783..

Nearby Resistance is at 1854 and 1879...beyond that a test of 1897 is likely.

Nearby Support is at 5477 and 5435 then 5350..

Resistance is at 5577 and 5635

Support is at 4472 and 4420 under that support is at 4290.

Resistance is at 4580 to 4620 and 4695 to 4717.

Support is at 481 and 479 then 469

Resistance is at 485 3/4 beyond that sellers should appear near 489

a close over 486 is friendly..

Support is at 131.5 and 129.60 to 127.4 below that 125.5 and the 123.8 to 123.2
region should hold. BW Traders can buy at 127.40 and hold for higher prices. .

Resistance is at 133.10 a close over 133.1 is friendly and augurs for a test of 136.4 Beyond that resistance is at 138.2.

Traders should go long if a close over 134.6 occurs.

Resistance is at 1953 and 1961 then 1995.

Support is at 217 3/4 and 215 1/4.

Resistance is at 219 1/2 and 221 then 225

A close over 220 1/2 is friendly and augurs for a test of 225

Support is at 260 3/4 and 257 then 255

Resistance is at 267 and 269... a close over 267 is friendly and augurs for a test of 273. BW Traders should go long if a close over 270 1/2 occurs.

On the Upside resistance is at 6252 and 6315 then 6355 to 6375..

On the DownSide support is at 6195 and 6175 to 6155. Day traders can buy at 6195 risk 100 pts. Under that 6055 should hold..

BW Traders should go long if a close over 6270 occurs.

Support should appear at 437 to 428. Below that 414 to 408 should contain the

decline. Resistance is at 457 and 465 to 474 , a close over 467 is friendly.

On the DownSide, support is at 103.60 to 103.20 below that day traders can buy at 102.10 and hold for higher prices . Under that buyers should appear near and 101.80 to 101.30

On the Upside, Resistance is 104.30 ...Beyond that resistance is at 105.10. to 105.80 and 106.80. Day traders can sell at 106.80 and hold for lower prices...

Support is at 983 and 972 to 968 then 956 to 950 . Under that BW traders should buy at 941 and hold.

Resistance is at 1013 and 1028 to 1036..

Support is at 6242 to 6227 ...Day traders can buy at 6242 and hold...

6377 to 6392.

Support is at 5847 and 5837 to 5822 under that 5737 should hold Day Traders can buy at 5737 and risk 50 pts. Below that buyers should appear near 5717.

Resistance is at 5892 to 5907 and 5937 . Beyond that resistance is at 6027 to 6037 .Day traders can sell at 6022 and hold for lower prices...

Stay Tuned for Flashes the Pork Complex.

Nearby Support is at 5877 and 5852. Under that support is at 5807 and 5772

then 5652. To 5622 ...A close under 5852 augurs for a test of 5772

Resistance is at 5917 then 5942 to 5947 Day traders can sell at 5947 and hold for l.. lower prices Beyond that resistance is at 6062 and 6162 to 6190 then 6212.

Stay Tuned for Flashes the Pork Complex.

On The DownSide nearby support is at 121-26 below that support is at 121-21.

A close under 121-20 is negative and augurs for a test of 120-27 to 120-21

On the Upside: Resistance is at 122-16 to 122-21 . Beyond that resistance is at

123-11 and 123-20

June SP 500
Support is at 1347.10 to 1346 and 1340 . Below that support is at 1338.90 and 1334 where it should hold. A close under 1334 is negative and indicates a test of 1323 to 1322 . BW Traders can buy at 1324 for a turn higher, A Below that 1310 to 1304 should contain a decline for a bit.

.

Resistance is at 1354.90 and 1358.70 then 1361.50 , a close over is 1355 friendly and augurs for an eventual test of 1371 and 1376.50 to 1377

Stay tuned for Flashes

Resistance is near the 10,905 to 10,925 then 10,960 region , beyond that sellers should appear near 11,010 beyond that 11,155 should cap a rally