FuturesCom Investment Publications
Morning Comments (MC)  Friday July 23, 1999
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Courage in a Speculator is merely confidence to act on the decision of  his mind

Friday July 23 1999

Nearby Support is at 8630 then 8589 to 8560 and 8532 Day traders can buy at 8589 and risk 35 pts.

Nearby Resistance is at 8668 to 8689 and 8732. Day traders can sell at 8732 and hold for lower prices .Beyond that sellers should appear near 8762 to 8777

Support should appear near  5375 then 5357 to 5344 Day Traders can buy at 5351 for a bounce, risk 40 pts Below that support is at 5325.

Resistance should appear near the 5418 to 5430 region. Day traders can sell at

5418 , risk 20 pts. Beyond that resistance is at 5457 and 5475 then 5492 to 5504.

Nearby Support is at 6577 and 6556. Below that support is at 6520 and 6509.

Day traders can buy at 6509 , risk 30 pts.

Nearby Resistance 6614 to 6620 and 6647 , beyond that sellers should appear near the 6673 region.

Support should appear near 1.5812 then 1.5760 and 1.5690

Resistance is at 1.5886 then 1.5946 and 1.6090 to 1.6150. BW Traders can sell at 1.6120, risk a close over 1.6150 for two days in a row.

Support should appear at 6629 and 6591 to 6577

Resistance is at 6641 then 6657 to 6673

Nearby Support is at 254.50 and 252.3 then 251.1 BW Traders can buy at 251.90 and hold for higher prices... .

Resistance is at 257.8 to 258.5 a close over 257.8 , is friendly and augurs or a test of 261.20 to 262. and eventually 268.

Nearby Support should appear near 7375 to 7320. BW Traders can buy at 7355, risk a close under 7315 for three days in a row. Below that 7245 and 7170 to 7140 should contain a decline for a bit

Nearby Resistance is at 7575 then 7620, beyond that resistance is 7775 and 7920.

Trade Accordingly and stay tuned.

Support is at 353 to 351.5 . Below that support at 348.

Resistance is at 355.5 and 356.3 region. Beyond that resistance should appear near the 361.3 to 362.3 region. BW Traders can sell at 361.8 for a turn lower, risk a close over 364.5 for two days in a row.

On the DownSide nearby support is at 511.5 and 507.5 Under that support at 499 and 491 should hold..

On the Upside. Nearby resistance is at 521.5 to 524. Beyond that resistance is at 528 5 and 541

Trade Accordingly and Stay tuned...

Nearby Support is at 2005, day traders can buy at 2005 for a turn higher , risk 35 pts. Below that good buyers should appear near then 1954 to 1946 region and the 1909 to 1902 region, which should contain a decline for the time being. BW Traders can buy at 1909 and hold for higher prices... Below that support is at 1869 to 1858. Trade accordingly

Resistance is at 2017 and 2028 to 2034 then 2080 to 2088 .. eventually we sell a test of 2122.. BW Traders can sell at 2126 for a turn lower, risk a close over 2134 for two days in a row.

Nearby Support is at 5880 to 5855 . Under that 5805 to 5792 should Hold.today

Resistance should appear at 5945 to 5967 and 6023. A close over 5967 is friendly and augurs for a test of the 6088 to 6098

Nearby Support is at 5106 to 5099, day traders can buy at 5106 , risk 50 pts.. below that support is at 4995 to 4972 and 4910 then 4856 to 4845. BW Traders can buy at 4856 , risk a close under 4775 for two days in a row.

Resistance is at 5128 to 5135 then 5165 to 5180 and 5212..

Trade Accordingly.

Nearby Resistance is at 467 1/2 to 469 1/2 and 482 1/4.

Support is at 455 then 446 3/4 and 440.

Resistance is at 142.4 to 143 then 146.

Support is near 136.8 and 135.9.

Resistance is at 1685 and 1696 to 1700 and 1731 to 1738

Resistance is at 217 1/4 then 2221/4 and 223 3/4

Support is at 213 1/2 and 212 1/4 then 207 1/2

Resistance is at 255 1/2 and 262

Support is at 250 1/2 to 249 3/4 day traders can buy at 249 3/4 and hold for higher prices under that support is at 244.

Trade accordingly

On the DownSide support is at 5112 then 5080 and 5002.

On the Upside Resistance is at 5190 and 5290 .Beyond that resistance is at 5330.

Nearby Support is at 569 then 563 to 559 and 538 to 534 Day traders can buy at 563, risk 35 pts

Resistance should appear at 586 to 593 then 601 to 609

A close over 596 is friendly and augurs for a test of 630 to 634. BW Traders can go short at 634 for a turn lower risk a close over 656 for three days in a row.

Trade Accordingly

On the Upside, Resistance is at 9845 Above that resistance should appear near the 100.00 to 100.50 and 100.90 , then 101.90 and the 103.20 to 103.60 region.

Eventually we see a test of the 105.80 to 106.80 region...

On the DownSide, early support is at 9680 and 9595. Day traders can buy at 9595 and hold for higher prices... .Below that buyers should appear near 9445 to 9425 and the 9060 to 9040 region. Hearty BW Traders can buy at 9060 and hold for higher prices..

Support is at 1068 to 1058 day traders can buy at 1063, and hold for higher prices...Below that support is at 1036 to 1027 , under that 1005 to 1000 should hold.

Resistance is near 1077 and 1096 to 1101 then 1126...

Support is at 6482, a close under augurs for a test of 6442 to 6412 and 6367.

Resistance is at 4717 to 4732 and 4842 to 4857. BW Traders can sell at 4857 and hold for lower prices. Risk a close over 4922 for three days in a row.

Support is at 3992 to 3987, day traders can buy at 3987 and hold for higher prices... Below that buyers should appear near 3932 to 3912 and 3817.. Day Traders can buy at 3817 and hold...

Resistance is at 4117 then 4232 eventually a test of 4597 then 5072 is likely,

if it holds..

Stay. Tuned for Flashes in the Meat Complex..

On The DownSide nearby support is at 116-00 and 115-31 then 115-26 and 115-06 , under that 114-31 should provide good support.

On the Upside Nearby Resistance is at 116-05 then 116-08 to 116-12 and 116-31.

Trade Accordingly.

On the DownSide Nearby Support is at 1370.60 and 1366.00 Below that support is at 1361.5 and 1354.90 , under that support should appear near 1346 and 1341.1 to 1340 then 1334.

Nearby Resistance is at 1377 and 1380 to 1380.70 , beyond that a test of 1383 is likely..A close over 1383 is friendly and augurs for an eventual test of 1395.50 and 1399 to 1402.20...

decline. Below that support is at 10,883 and 10,820

Resistance should appear near 11,010 then 11,047 and 11,102 ...A close over 11,010 is friendly and augurs for an eventual test of 11,137 to 11,155 ..