FuturesCom Investment Publications
Morning Comments (MC)   July 08, 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

On the Frenzied Forex Front

Sept. Japanese-Yen

Nearby Support is at 8243 and 8223 to 8194 region Under that support is at 8164 and 8134 to 8119.. BW Traders can buy at 8164 for a bounce, risk a close under 8119 for two days in a row.

Nearby Resistance is at 8300 to 8314. Beyond that sellers should appear near 8343 and 8352. BW Traders can sell at 8307, risk a close over 8352 for three days in a row.

Beyond that resistance is at 8391 to 8406 and 8443.

Support should appear near the 5211 to 5200 region. BW Traders can buy at 5211 for a good turn higher and Hold for higher prices.

Resistance is at 5256 to 5261 and 5282. A close over 5282 is friendly and augurs for an eventual test of the 5344 to 5356 region...

BW Traders should go long if a close over 5282 occurs.

Nearby Support is at 6382 and the 6350 to 6337 region.. BW Traders can buy at 6350 for a turn higher, risk a close under 6337 for three days in a row.

Nearby Resistance is at 6417, a close over 6417 is friendly and augurs for a test of

6457. Beyond that resistance is at 6482 to 6509 where good sellers should appear..

Support is at 1.5568 and 1..5520

Resistance is at 1.5636 and 1.5690

Support is at to 6809 and 6805. Below that support should appear near 6782 and the 6755 to 6741 region. BW Traders can buy at 6755 for a turn higher, risk a close under 6741 for three days in a row.

Resistance is at 6823 and 6836. Day traders can sell at 6822 for a turn lower, risk 20 pts.. Beyond that resistance is at 6855 and 6871. A close over 6871 augurs for a test of the 6906 to 6919 region BW Traders should go long if a close over 6871

occurs..

Nearby Support at 256.50 to 255.20.

Resistance is at 260 to 262

Nearby Support is at 7735 to 7705 Day traders can buy at 7735 for a turn higher,

risk 80 pts. Under that support should appear near the 7625 and the 7525

Nearby Resistance is at 7925 to 7955. Beyond that resistance should appear near the 8025 to 8045 region. Above that Sellers should appear near 8085 and the 8115 to 8135 region.Trade Accordingly and stay tuned.

Support is at 347.3 to 345.8. Below that support is at 344

Resistance is at 350.8. A close over 351 is friendly and augurs for a test of 354.5

and 356

On the DownSide nearby support is at 521.5. Under that support is at 515.5 to 512.5 and 507. BW Traders should buy at 507 and risk a close under 497 for three days in a row. Under that support at 490 should hold..

On the Upside. Nearby resistance is at 529 and 531 then 538. A close 539 is friendly and augurs for a test of 549.5 to 551.5

BW traders can go long if a close over 539 occurs.

Trade Accordingly and Stay tuned...

Nearby Support is at 1972 to 1967 and 1959 . Day traders can buy at 1972 and hold for higher prices..Under that BW Traders can buy at 1939 for a bounce risk a close under 1902 for two days in a row.

Resistance is at 2017. Beyond that resistance is at 2034 to 2042 and 2056. However a close over 2042 is friendly and augurs for a test of the 2080 to 2088 region.

Nearby Support is at 5998 then 5957 to 5940 and  5837
Resistance should appear at 6023 to 6035 and 6101 to 6113 and 6170 to 6190.. BW Traders can sell at 6113 for a turn lower, risk a close over 6190 for two days in a row. Beyond that sellers should appear near 6257 to 6270.

Support is at 4938, day traders can buy at 4955 and hold for higher prices under that support is at 4926 to 4915 and 4861 to 4845. BW traders can buy a dip at 4861 risk a close under 4815 for two days in a row

Resistance is at 5153 to 5170. Above that resistance is at he 5344 to 5356 and the 5418 to 5430 region Traders can sell at 5430 , risk a close over 5504 for three days in a row Trade Accordingly.

Nearby Resistance is at 424 1/4 and 428

Support is at 418 1/2 and 414

Resistance is at 128.1 and 129.8

Support is at 126.2 and 124.0 Below that 121.70 should stop the decline for a bit..

Resistance is at 1605 , a close over augurs for a test of 16.48 to 1658

Resistance is at 204 1/2 and 207 3/4 then 211 to 213

Support is at 201 then 199 3/4 to 198.

Resistance is at 249 3/4 and 252 A close over 253 3/4 is friendly and augurs for a test of 261 and 263 where resistance should appear. BW Traders should go long if a close over 253 3/4 occurs..

Support is at 246 and 240. Under that buyers should appear near the

237 to 235 1/2 region and contain the decline for a while, BW traders can go long at 237 risk a close under 235 1/4 for three days in a row .

Trade accordingly

On the DownSide support is at 5211 to 5200 ..Below that support 5139 to 5127 and 5067 to 5036..

On the Upside Nearby Resistance is at 5245 and 5295 then 5344 to 5356.

A close over 5344 is friendly and augurs for a test of 5418 to 5430 region.

BW Traders should go long if a close over 5344 occurs..

Support is at 534 to 529 and 511 then 492

Resistance should appear at 545 and 549 then 558 to 562

On the Upside, Resistance is at 9445 and 9495 then 9525 to 9545 beyond that a test of 9625 to 9640 and 9690 is likely to occur..

On the DownSide, early support is at 9395 and 9345 under that support is at 9315 and 9270. Below that buyers should appear near 9195 and 9080 to 9045

Support is at 972 to 968 and 961 under that support is at 941 to 932.

Resistance is at 986 to 990 and 1005 Beyond that sellers should appear near 1018.

Support is at 6192 and 6167 BW traders can buy at 6165 for a bounce and risk a close under 6112 for three days in a row. Under that 6092 should hold.

Resistance is at 4687 to 4717 then 4787 and 4817.

Support should appear near the 3682 to 3662 and 3612 under that support is at 3562 to 3552 then 3522 . Below that 3482 should hold for a bit.

Resistance is at 3712 and 3742 above that sellers should appear near 3772 to 3782. A close over 3772 is friendly and augurs for a test of 3857 to 3867. BW Traders should go long if a close over 3772 occurs.

On The DownSide support is at 114-28 to 114-24 then 114-20 to 114-18. BW Traders can buy at 114-18 and hold for higher prices, risk a close under 113-12 for three days in a row. .

On the Upside Nearby Resistance is at 115-10 and 115-19 , a close over 115-19 is friendly and augurs for a test of resistance at 116-08 and 116-19 to 116-25.

Trade Accordingly.

On the DownSide Nearby Support is at 1399.90 to 1399.00. Under that support is at 1395.40 and 1393.50 A close under 1399 is negative and augurs for an eventual test of 1385.60 to 1383.00 Below that support is near the 1380.00 to 1377.00 region. Under that Buyers should appear at 1369.20 to 1367.50 and 1361.50 Where it should hold on a decline basis the close. BW Traders can buy at 1361.50 for a bounce, again put your own risk on it and stay tuned for an exit.

Nearby Resistance is at 1404.70 and 1410.20 then 1415.00 and 1416.90.

Day traders can sell at 1415 and Hold for lower prices.. put your own risk on and stay tuned. Beyond that resistance is at 1421.00 A close over 1421.00 is friendly and augurs for a test of 1433.00 and 1437.00 to 1344.40 Beyond that resistance is at 1453.00 to 1459.00. BW Traders can sell at 1456.00 and hold for lower prices.

Traders should go short if a close under 1399 occurs..

Resistance is at 11,191 beyond that resistance is should appear near the 11,239 and the 11,300 to 11,330 and 11,360 then 11,427.