FuturesCom Investment Publications
Morning Comments (MC)  Friday July 16, 1999
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Friday July 16 1999
03:04 AM EST 

The next  Bi-weekly Investment Outlook will be issued this weekend. 

On the Frenzied Forex Front

Sept. Japanese-Yen

Nearby Support is at 8314 to 8300 Day traders can buy at 8307, risk 20 pts.

Below that buyers should appear near 8279 and 8252.

Nearby Resistance is 8352 Beyond that resistance is at 8391 to 8406 and 8443.

A close over 8352 is friendly.

Support should appear near 5222 and 5211 to 5200.

Resistance is at 5256 to 5259 and 5282. BW Traders should go long if a

close over 5282 occurs.

Support is at 6382 to 6372 and 6355. Below that 6337 should stop the decline

for a bit..

Resistance is at 6404 and 6417. Beyond that a test of 6431 is likely. A close over 6431 is friendly and augurs for a test of 6454..

Trade Accordingly

Support is at 15628 to 1.5606 then 1.5586.

Resistance is at 1.5690 and 1.5732

Support should appear near 6748 and 6741 region. Below that buyers should appear near 6720 and 6707

Resistance is at 6755, a close over augurs for a test of 6768 then 6782.

Beyond that a test of 6809 is likely.

Support at 254.0 and 251.9 to 249.

Resistance is at 255.6 and 257.8 then 259.

Nearby Support is at 7680 to 7655 then 7555 and the 7515 to 7485 region .. Below that BW Traders can buy at 7420, risk a close under 7315 for three days in a row.

Nearby Resistance is at 7750 to 7780 and 7845 .. A close over 7845 is friendly and augurs for a test of the 7950

Support is at 347.3 Below that support is at 344

Resistance is at 349.9 and 354.5 then 358.5

On the DownSide nearby support is at 508.5 then 504. Day traders can buy at 504 for a bounce , risk 8 cents.

On the Upside resistance is at 517 and 521 beyond that sellers should

appear near 527.

Trade Accordingly and Stay tuned...

Nearby Support is at 2015, day traders can buy at 2015 and hold for higher prices. Under that support is at 1996 to 1982 and 1977.. while 1953 to 1948 should hold basis the close.. Below that BW Traders can buy at 1939 for a bounce risk a close under 1902 for two days in a row.

Resistance is at 2027 and 2034 to 2042 then 2056. However a close over 2042 is friendly and augurs for a test of the 2080 to 2088 region. Beyond that resistance is 2126 to 2134

Nearby Support is at 6125 then 6070 then 6035 to 6023 Day Traders can buy at 6070 , stay tuned and hold for higher prices..

Resistance should appear near 6170 to 6190 and 6237 then 6270 to 6290

Support is at 5165 and 5153 then 5128. Day traders can buy at 5165 and hold for higher prices Under that support is at 5005 to 4978 and 4926 to 4915.

Resistance is at 5205 above that resistance is near 5263 then 5344 to 5356.

Resistance is at 430 1/2 and 433 3/4 .beyond that sellers should appear near 437

Support is at 422 3/4 , day traders can buy at 422 3/4 and risk 5 cents

Below that 414 should stop a break.

Resistance is at 130.4 and 131.3

Support is at 128.5 and 125.8

Resistance is at 1609 to 1615 beyond that sellers should appear near

1642 to 1655

Resistance is at 207 3/4 and 212 3/4.

Support is at 202 3/4 then 199 1/2

Resistance is at 247 1/2 and 250 3/4. Beyond that sellers should appear near 254

Support is at 2441/2 and 242 1/4 then 239 to 237 which should 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

Support is at 4956 and 4924 to 4915 then 4856 to 4845.

Resistance is at 5005 and 5058 to 5067 and 5122 then 5188 to 5200

Support is at 544 and 538 to 534

Resistance should appear at 559 to 563 then 570. Beyond that a test of 582 to 586

is likely.

On the Upside Resistance is at 9425 to 9445 Beyond that sellers should appear near 9525 to 9540.

On the DownSide support is at 9325 to 9280 Below that support is at 9155 to 9140 and 9065 to 9025.

Support is at 968 and 962, day traders can buy at 962 and risk 35 pts. below that 941 to 932 should hold for a bit, under that buyers should appear near 904 and 876.

Resistance is at 976 and 982 to 986 Beyond that sellers should appear near the 1000 to 1005 region A close over 986 is friendly

Support is at 6332 and 6312 under that support is at 6257.

Resistance is at 4712 and 4762 then 4807 and 4855 to 4880 BW Traders can sell at 4857 and hold for lower prices.

.

Support should appear near 3362 then 3312 and 3247. Below that support should appear near 3122 to 3092..

Resistance is at 3427 and 3527 beyond that sellers should appear 3612 to 3622

On The DownSide support is at 116-25 and 116-13 to 116-11, day traders can buy at 116-21 risk 15 pts below that support is at 116-08 and 115-25.

On the Upside Nearby Resistance should appear near 117-05 and 117-11 then 117-17 and 117-25 BW Traders can sell at 117-22 for a turn lower above that

resistance is at 118-05

On the DownSide Nearby Support is at 1418 and 1415 then 1412.80 , however an extended trade under 1415 augurs for a test of 1409.40, day traders can buy at 1409.40 for a bounce, ...put your own risk on it and stay tuned,.,.,under that support is at 1402.60 to 1402 and 1399.

A close under 1409 is negative..

Nearby Resistance is at 1420.50 to 1421 and 1424.90 to 1426.10..Day traders can sell at 1426.10..Beyond that resistance is at 1433.90 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

Where it should hold on a good decline.

Resistance is at 11,220 to 11,237 and 11,271 then 11,300 Beyond that resistance is at 11,330 and 11,360 which Should Cap the rally for a bit.