FuturesCom Investment Publications
Morning Comments (MC) July 01, 1999
Bonds.. SP500.. Forex.. Precious Metals.. Energies..Grains.. Livestock.. Softs
Featuring Bi-Weekly Investment Outlooks, Special Reports, Morning Comments
Experienced Since 1979 & Serving Traders World Wide Since 1988
Voice 561-433-2995 Fax 561-433-9243       Lake Worth Florida 33463    5845 Autumn Ridge Rd

Thursday July 01, 1999

6:21 AM

On the Frenzied Forex Front

Sept. Japanese-Yen

Nearby Support is at 8352 and 8337, day traders can buy at 8352 and hold for higher prices.. Under that buyers should appear near 8314 to 8307 and 8300.

Resistance is at 8378 then 8391 to 8406. and 8430.

Resistance is at 5336 then 5352 and 5365.

Support should appear at 5282 to 5271 and 5259..

Resistance is at 6482 to 6509 then 6525 and 6534 then 6577 to 6591

Support is at 6462 and 6430 to 6417.

Support should appear near 1.5786 and 1.5726 to 1.5690

Resistance is 1.5824 and 1.5846

Support should appear at 6822 and 6809 then 6797 Day traders can buy at 6797 for a bounce, risk 25 pts. Under that support is at 6782.

Resistance is at 6836 then 6847 and 6877 then 6897. BW Traders can sell at 6871 for a turn lower risk a close over 6906 for three days in a row. Beyond that resistance is near 6906 and 6919. Above that BW traders can sell at 6938, risk a close over 6953 for two days in a row .

Support is at 262.5 and 259.00

Resistance is at 264.7 Beyond that resistance is at 266.30 to 267.20.

Nearby Support is at 7565 to 7535, day traders can Buy at 7535 , risk

150 pts. Under that support should appear near the 7255 then 7170.

Nearby Resistance is at 7770 and 7865 then 7955

On the DownSide: support is at 526 Day traders can buy at 526 and hold for higher prices. Below that support is at 522.

On the Upside. Nearby resistance is at 538.5 to 541.5 Beyond that sellers should appear near 562,

Trade Accordingly

Support is at 1925 and 1903.Day traders can buy at 1903, risk 35 pts

Below that support is at 1894 to 1883.

Resistance is at 1946 to 1953 beyond that resistance is at 1963 and 1982 to 1996.

Support is at 5595 then 5581 to 5570 day traders can buy at 5581 , risk 100 pts.

Resistance should appear near the 5770 to 5790 and 5855 to 5880

Support is at 4855 then 4827 to 4805 Day traders can buy at 4855 for a turn higher, risk 100pts Under that support is at 4790 and 4727 .

Resistance should appear near 5005 to 5012 and 5056 to 5067.

Trade Accordingly.

Support is at 456 3/4 and 449 3/4 to 447

Nearby Resistance is at 462 1/2 to 463 3/4

A close over 464 is friendly,

Support is at 135.3 and 133.60.

Resistance is at 137.9 and 138..5 then 139.8

Resistance is at 1713 and 1720 then 1731 to 1738.

Support is at 223 3/4 to 222 3/4 and 221 1/4 then 218 3/4..

Resistance is at 228 3/4. Beyond that a test of 231 to 233 is likely,

Trade Accordingly.

Support is at 262 1/4 and 259 3/4.

Resistance is at 265 1/2 and 266 3/4 then 268 3/4

Support is at 5413 and 5402. Below that 5363 to 5344 should Hold.

Nearby Resistance is at 5465 and 5492 to 5504. And 5565.

Nearby Support is at 620 and 609 to 601 Day Traders can buy at 620 and hold for higher prices

Resistance should appear at 630 to 634 and 638, a close over 638 is friendly

Trade Accordingly

On the DownSide support is at 100.50 to 100.00 then 9935 to 9920.

Under that 98.35 to 9820 should hold.

Resistance is at 101.80 to 102.00, a close over augurs for a test of 103.20 to 103.60 beyond that resistance is at 104.30 then 104.70 and 105.80.

Support should appear at 1036 to 1032 and 1027.Below that support is at 1019 and 1005 to 1000.

Resistance is at 1058 to 1068 and 1077.

Support is at 6232 and 6212 to 6190, under that BW traders can buy at 6177 and hold for higher prices. Below that support is at 6157.

Trade accordingly

Support is at 3687 and 3562 to 3532.

Resistance is at 3832 and 3872 then 3927 and 3982

Resistance is at 4537 and 4582.

On The DownSide support is at 115-15, day traders can buy at 115-15 and risk 20. Below that support is at 115-04 to 115-02.

On the Upside Nearby Resistance is at 116-06 then 116-14 and 116-22

On the DownSide Support is at 1383 and 1380 then 1377 , under that support is at 1374.60 , day traders can buy at 1374.60 and hold for higher prices... below that buyers should appear near 1363.90 and 1361.50 where is should hold on a good decline basis the close...

A close under 1374 is negative and augurs for a test of 1361.5.

Resistance is at 1387.90 to 1388.70, above that sellers should appear near 1399 to 1399.50 A close over 1399 is friendly and indicates an eventual test of the 1415 to 1421

Resistance is at 10,960 and 11,010. Beyond that resistance should appear near

11,050 and 11,094.Beyond that a test of 11,176 and 11,255 is likely .