FuturesCom Investment Publications
Morning Comments (MC) May 4, 1999
Bonds.. SP500.. Forex.. Precious Metals.. Energies..Grains.. Livestock.. Softs
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Nearby Support is at 8300 and should hold basis the close . A close under 8300 is negative and augurs for a test of 8223 to 8194 where traders can buy at 8223 and hold for higher prices.

Resistance is at 8314 to 8325 and 8351

Support is at 5418 and 5410. A close under 5418 augurs for a test of 5356 to 5344.

Resistance is at 5464 to 5469 and 5491 to 5504.

Day traders can sell at 5464, risk 30 pts.

Support is at 6591 to 6577. Below that support is at 6530 and 6509 to 6482.

Resistance is at 6610 then 6634 and 6652 region Day traders can sell at 6652 for a turn lower, risk 30 pts.

Nearby Support should appear near 1.6090. Under that support is at 1.6056

Resistance is at 1.6124 and 1.6150 to 1.6168.

Support should appear at 6874 and 6861. Below that support is at 6836 and 6809.

Resistance should appear at 6906 to 6911 and 6919

Stay tuned for Forex flashes

Support is at 287 and 285

Resistance is at 291 and 292.40 then 295.

Trade accordingly

Support is at 7255 to 7240 and 7170. Under that support is at 7080 .Day traders can buy at 7080 risk 100 pts.

Resistance is at 7280 and 7340. A close over 7340 augurs for a test of 7475.

Support is at 345 and 340

Resistance is at 348 to 350.

On the DownSide: Support is at 533.5 and 526.5, day traders can buy at 526.5 risk

9 cents. Below that support is at 514 and 503.

On the Upside. Resistance is at 542.5. A close over 542.5 augurs for a test of 563. Beyond that resistance is at 582.

Nearby Support is at 1877 then 1863. Day Traders can buy at 1863 for a turn higher risk 50 pts. Below that support is at 1852 to 1844 and 1822.

Nearby Resistance is at 1894 and the 1902 to 1909 region. Beyond that sellers should appear near 1927 and 1946

Nearby Support is at 5445 to 5430 and 5418 then 5350 Under that 5270 should hold.

Resistance is at 5577 and 5622 to 5640 and 5657..

Support is at 4570 and 4516 then 4402 under that support is at 4365.

Resistance is at 4582 and 4635, beyond that resistance is at 4695 to 4717.

Support is at 487 and 485 1/2 , bay traders can buy at 487 3/4, risk 7 cents below that support is at 483 and 479.

Resistance is at 493 1/4 and 496 3/4 Beyond that resistance is at 504.

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 134.60 Beyond that resistance is at 136.2.
BW Traders should go long if a close over 134.6 occurs.

Day traders can buy at 1953 , risk 30 pts. Below that 1909 to 1902 should hold.

Resistance is at 1982 and then 1996 to 2002 region..

Support is at 218 3/4 and 216.

Resistance is at 221 1/4 beyond that a test of 223 3/4 then 226 is likely..

A close over 221 is friendly..

Support is at 262 and 256.

Resistance is at 267 1/4 and 268. A close over 268 is friendly.

BW Traders should go long if a close over 270 1/2 occurs.

On the Upside resistance is at 6145 and 6165 an extended trade over 6165 augurs for a test of 6257 to 6270

On the DownSide support is at 6065. Under that 6023 should contain a decline.

Day traders can buy at 6035 and hold. Below that support is at 5965 to 5945.

Support should appear at 449 to 446. Below that 433 should hold.

Resistance is at 458 beyond that resistance is at 468 to 471.

On the DownSide, support is at 102.05, day traders can buy at 102.05 for a quick bounce. risk 80 pts. Under that support is at 101.80 and 101.55. Below that support is at 100.50 then 99.55.

On the Upside, Resistance is 103.20 to 103.80 and 104.60.. Beyond that resistance is at 105.80/ 106.00 and 106.90.

Support is at 1005 to 1000 and 972 to 968.

Resistance is at 1028 to 1036. Beyond that resistance is at 1058 to 1068.

Support is at 6247 and 6217 under that support is at 6172. BW Traders can buy at 6162 and hold for higher prices. Risk a close under 6092 for three days in row.

A close over 6322 is friendly and augurs for a test of 6377 to 6392.

Support is at 5852 under that support is at 5792 the 5752. Day Traders can buy at 5752 and risk 50 pts. Below that buyers should appear near 5717.

Resistance is at 5877 and 5907 then 5947 to 5952. Beyond that resistance is at 5992 and 6052. Day traders can sell at 6037 and hold for lower prices...

Stay Tuned for Flashes the Pork Complex.

Nearby Support is at 5877 to 5852. A close under 5852 augurs for a test of support at 5777 Under that support is at 5637 to 5627.

Resistance is at 5927 to 5937. Day traders can sell at 5937 and hold for lower prices Beyond that resistance is at 6022 to 6037 and 6077.

Stay Tuned for Flashes the Pork Complex.

On The DownSide nearby support is at 119-31 and 119-22 then 118-30, below that good support should surface at 118-22.

On the Upside: Resistance is at 120-22 Beyond that resistance is at 121-13 and the 121-22 region.

June SP 500
Support is at 1355.20 and 1346 where it should hold basis Day traders can buy at 1346, put your own risk on it and stay tuned... Below that support is at 134o to 1339.20 and 1334 Beneath that buyers should appear near 1323.10. A Below that support should appear near 1316.40 and 1314.90. Below that the 1310 to 1304 region offers support.

Resistance is at 1361.50 and 1367.10.. A close over 1361.5 is friendly and augurs for an eventual test of 1371. 20 to 172.40 . Above that sellers should appear near 1376.50 to 1377 and 1378.60 .

Resistance is near 11,100 and 11,144 beyond that good resistance is at 11,155 . Above that 11,300 to 11,360 should cap a rally today..