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Morning Comments (MC) June 09, 1999
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Wed June 09, 1999

06:00 AM

On the Frenzied Forex Front

Sept. Japanese-Yen

Nearby Support is near the 8497 to 8484 and 8424 under that the 8406 to 8391

region should hold.

Resistance is at 8522. Above that sellers should appear near 8560 to 8589. BW Traders can sell at 8560, risk a close over 8589 fore three days in a row.

Resistance is at 5392 to 5400 and the 5418 to 5437 region. BW Traders can sell at 5430 and risk a close over 5461 for three days in a row. Beyond that resistance should appear near the 5491 to 5504 region.

Support is at is at 5380 and 5357 to 5344. Below that buyers should appear near the 5287 region where it should hold for a bit. BW Traders can buy at 5282 and Hold for higher prices. Below that support is at 5249 and the 5211 to 5200 region.

Resistance is near the 6656 to 6673 region. Beyond that resistance is at 6694 then 6707.

Support is at 6644 and 6609 then 6591 to 6577. Under that support is at 6544.

Support should appear near 1.6002 and 1.5960 then 1.5912.

Resistance is at 1.6090 and 1.6150. a close over 1.6150 augurs for a test of 1.6286. BW Traders should go long if a close over 1.6150 occurs.

Support should appear at 6787 and 6761 under that buyers should appear near 6755 to 6741.

Resistance is at 6809 to 6813 and 6822 then 6836.

BW traders should go long if a close over 6836 occurs.

Support is at 258 and 252

Resistance is at 264 and 268.

Support is at 6355 and 6295 then 6165. Under that support should appear near the 6095 . Below that BW Traders can buy at 6035, risk a close under 6020 for two days in a row.

Resistance is at 6420 to 6435 region. Beyond that resistance is at 6495 and the 6565 region.

Support is at 363 and 361 then 358.

Resistance is at 367, Beyond that resistance is at 370.0, a close over 371.5 is

friendly and augurs for a test of the 374 and 377.

BW Traders should go long if a close over 371.5 occurs.

On the DownSide: support is at 490.5 and 488 to 485 BW traders should buy at 488.5 and risk a close under 485 three days in a row.

On the Upside. Nearby resistance is at 497.5 and 502.5 A close over 499.5 is friendly and augurs for a test of 508..

BW Traders should go long if a close over 499.5 occurs..

Support is at 1747. Day traders can buy at 1747, risk 40 pts. Under buyers should appear near the 1738 to 1731 region. Below that buyers should appear near 1722

Nearby Resistance is at 1772 and the 1792 to 1797 and 1808 to 1822.

Above that resistance is at 1858 to 1868.

Support is at 5035 and the 4926 to 4915 region.. Below that buyers should appear near 4895 and 4825.

Resistance should appear near the 5127 to 5139 region beyond that resistance is at 5211 and 5235. BW Traders should go long if a close over 5282 occurs.

Support is at 4155 then 4120 to 4110 and 4055 to 4046. BW Traders can buy at 4065 and hold for higher prices. Below that Good buyers should appear near 3970 and 3939 to 3909.

Resistance is at 4290 to 4315 then 4381. Beyond that good sellers should appear at 4550. Where BW traders can sell at 4570 for a turn lower, risk a close over 4582 for three days in a row.

Support is at 465 3/4 and the 459 3/4 region.

BW Traders can buy at 459, risk a close under 457 1/4 for two days in a row.

Below that support is at 456 and 450 below that 444 3/4 to 442 3/4 should hold.

Resistance is at 472 1/2 and 473 3/4 A close over 472 is friendly and augurs for a test of 486 to 488

BW Traders should go long if a close over 472 occurs..

Support is at 477 3/4 and 474 to 472. Day traders can buy at 477 1/2, risk 8 cents.

Resistance is at 482 3/4 Beyond that sellers should appear near 486.

BW Traders can go long if a close over 485 3/4 occurs.

Support is at 135.60 and 134.60 to 133.4, traders can buy at 133.6 risk a close under 132.20 for two days in a row.

Resistance is at 137.30 to 138.30. A close over 138.30 is friendly.

Resistance is at 1727 and 1731 to 1738 and 1750. Beyond that sellers should

appear near 1774 to 1780, a close over 1780 is friendly and augurs for a test of 1808 to 1822 BW Traders should go long g if a close over 1731 occurs.

Support is at 234 1/4 and 232 1/4 to 231 1/2. BW Traders can buy at 232 1/4 and hold for higher prices.. Below that support is at 229 3/4 and 228 1/2 and should hold.

Resistance is at 236 3/4 and 239 1/4 where good sellers should appear..

A close over 239 is friendly and augurs for a test of 244 to 246. Beyond that resistance is at 250 1/2.

Support is at 266 1/2 and 261. BW Traders can buy at 262 1/4 and hold for higher prices. Below that support is at 256 to 255 1/2

Resistance is at 272 1/4 and 273. A close over 272 1/2 is friendly and augurs for a test of 275 3/4 to 277 1/2. BW Traders should go long if a close over 272 1/2

occurs.

On the Upside resistance is at 5790 to 5805 and 5835.

A close over 5805 is friendly and augurs for a test of 5925.

On the DownSide support is at 5735 to 5712 and 5655 to 5640

Support is at 575 and 563 to 559. Below that BW Traders can buy at 538 and risk a close under 531 for three days in a row.

Resistance should appear at 582 to 589. A close over 585 is friendly and augurs for a test of 601 to 609.

On the Upside, Resistance is at 105.80 a close over 105.80 augurs for a test of 106.80 and 108.30 then 109.20 to 110.10

On the DownSide, early support is at 106.80 and 105.80 Below that support is at

105.00 and 104.05 then 103.60 to 103.20

On the Upside, Resistance is at 108.20. and 109.60 to 110.10 then 110.55 to 110.70

Support is at 1148 and 1136 to 1130 then 1122

Resistance is at 1164 to 1169 and 1172. Beyond that good sellers should appear near 1192 to 1203 and 1222

Support is at 6452 to 6437 and 6412...Under that support is at 6382

Support is at 5107 and 5057 to 5037 and 5017.

Resistance should appear near 5117 and 5127 to 5137 then 5172.

A close over 5117 is friendly and augurs for a test of 5217 to 5232 .

BW Traders should go long if a close over 5212 occurs.

BW Traders can go long at 5502, risk a close under 5392 for three days in a row.

Resistance is at 5552 to 5577. Beyond that 5607 offers resistance

Support is at 4957 and then 4875 and 4857 to 4842 then 4807 under that 4787 to 4777 should hold .

Nearby Resistance is at 5097 to 5112, a close over 5107 then 5157. Beyond that sellers should appear near 5257 A close over 5102 is friendly.

On The DownSide support is at 115-04 to 115-00. BW Traders can buy at 115-03 for a turn higher, Risk a close under 114-25 for three days in a row.

On the Upside: Resistance is at 115-27 to 116-00 and 116-16. Above that sellers should appear near 116-27 to 117-00

On the DownSide support is near the 1322 region. Which should hold basis the close.. Under that support is at 1312.80 and the 1310 to 1306/ 1304 region.

Resistance is at 1326.60 , a close over is friendly and augurs for a test of 1334, a close over 1334 augurs for a test of 1340 then 1346 to 1347.10. Beyond that

resistance is at 1356.40 and 1361.50.

BW Traders should go long if a close over 1334 occurs...

Resistance is at 10,830 then 10,855 and 10,909, a close over 10,909 is friendly and augurs for a test of 10,960 and the 10,993 to 11,010 region.