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Morning Comments (MC)  Tuesday July 27, 1999
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Tuesday July 27 1999

05:07 AM

On the Frenzied Forex Front

Sept. Japanese-Yen

Nearby Support is at 8589 and 8552 to 8545.

Nearby Resistance is at 8668 to 8689 and 8732. Day traders can sell at 8668 hold for lower prices. Beyond that sellers should appear near 8723 to 8745 and 8762 to 8777

Support should appear near 5468 and 5430 to 5418 region. Below that support is at 5382 failure there augurs for a test of 5356 to 5344

Resistance should appear near the 5482 to 5492 and 5504.

A close under 5468 is negative

Nearby Support is at 6673 and 6659. Below that support is at 6636 and 6627.

Below that buyers should appear near 6591.

Nearby Resistance 6707, beyond that sellers should appear near 6727 and the 6741 to 6755 region. Day traders can sell at 6741, risk 50 pts.

Support should appear near 1.5890 and 1.5826 below that support is at 1.5760

Resistance is at 1.5938 then 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 6591 to 6577 Day traders can buy at 6581,

risk 20 pts.

Resistance is at 6641 then 6657 to 6673

Nearby Support is at 253.6 to 253 then 251.1 BW Traders can buy at 251.90 and hold for higher prices... .

Resistance is at 255.8 and 257.8 then 259.1 a close over 259.1 , is friendly and augurs or a test of 265

Nearby Support should appear near 7425 to 7415 and 7380, Day Traders can buy at 7385, risk 150 pts. Below that 7245 and 7180 should contain a decline for a bit

Nearby Resistance is at 7580, beyond that resistance is 7685 and 7780

Trade Accordingly and stay tuned.

Support is at 352.8 and 348.5. Below that support at 344. 5

Resistance is at 354.6. Beyond that resistance should appear near the 359.9 and 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 513 and 508.5 Under that support at 499 and 490 should hold..

On the Upside, resistance is at 520.5 and 526 to 530

Trade Accordingly and Stay tuned...

Nearby Support is at 2009 and 1996 then 1982 under that support is at 1954 to 1946 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...

Resistance is at 2034 to 2042 then 2059 , beyond that a test of the 2080 to 2088 region is likely.. Beyond that resistance is at 2107. 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 6035 to 6020 and 5957 to 5945 then 5902

Resistance should appear at 6085 and 6102 . Beyond that sellers should appear near 6190

Nearby Support is at 5139 to 5127 below that support is at 5040 and 4995 to 4973.

Resistance is at 5239 and the 5344 to 5356 region. Beyond that sellers should

appear near 5418 to 5430 and the 5492 to 5504 region BW Traders can sell at 5492 , risk a close over 5504 for three days in a row.

Trade Accordingly.

Nearby Resistance is at 469 3/4 to 471 1/2 then 479 1/2 to 483 beyond that resistance is at 509 1/2 to 510 3/4.

Support is at 455 1/2 and 4511/2 then 442.

Support is at 143 to 141.7 and 138.

Resistance is at 145.7 and 148.4.

Resistance is at 1688 and 1696 to 1700 and 1731 to 1738

Support is at 214 1/2 and 213 to 212

Resistance is at 218 and 222 1/4.

Support is at 256 1/2 and 250 1/2 to 249 1/2 Day traders can buy at 251 and hold for higher prices..

Resistance is at 260 3/4 then 261 1/4 to 262 1/2 ..

Trade accordingly

On the DownSide support is at 5155 Under that support is at 5139 to 5127 and 5105. Day traders can buy at 5155 , risk 100 pts. Below that 5005 should hold..

On the Upside Resistance is at 5200 to 5212 and 5259 to 5282 then 5305 and the 5344 to 5356 region.

Nearby Support is at the 563 to 559 region and 538 to 534

Day traders can buy at 538 and hold for higher prices..

Resistance should appear at 576 and 582 to 586 A close over 586 is friendly and augurs for a test of 609 to 617 and the 630 to 634 region. 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 9625 to 9645..A close over 9645 is friendly and augurs for a test of 9825 to 9845 and 9870. Above that resistance should appear near 9910 and the 100.00 to 100.50 region . Eventually we see a test of the 105.80 to 106.80 region...

On the DownSide, early support is at 9540 to 9525 and 9445 to 9425. Below that support is at 9370 to 9345 and 9155. Under that buyers should appear near the 9060 to 9040 region. Hearty BW Traders can buy at 9060 and hold for higher prices..

Support is at 1036 to 1032, day traders can buy at 1037 for a bounce , risk 35 pts. Under that support is at 1012 and 1005 to 1000 .

Resistance is near 1058 to 1068. Beyond that a test ofd 1084 is likely.. Above that sellers should appear near the 1096 to 1101 region then 1130 to 1134.

6652 to 6672 and 6812.

Support is at 6540, a close under augurs for a test of 6492. Under that support is at 6432 and 6422.

Resistance is at 4942. Beyond that resistance is at 5042 and 5102 then 5127

Support is at 4427 then 4347 day traders can buy at 4347 for a bounce and hold for higher prices... Below that buyers should appear near 4222.

Resistance is at 4467 then 4572 to 4597 beyond that sellers should appear

near the 4695 to 4727 region.

Stay Tuned for Flashes in the Meat Complex..

On The DownSide nearby support is at 115-09 and 115-02 under that buyers should appear near 114-13 below that 114-02 should provide good support.

On the Upside Nearby Resistance is at 115-26 beyond that resistance is at 116-02 and 116-08

Patience.

On the DownSide Nearby Support is at 1361.5 and 1353.70 , under that support should appear near 1346 and 1340 to 1338.90 and 1334.

Nearby Resistance is at 1365.40 and 1370.90. An n extended trade over 1370.90 ids friendly and augurs for a test of 1377 to 1380 , beyond that a test of 1383 is likely. A close over 1383 is friendly and augurs for an eventual test of 1399

Resistance should appear near 10,907 and 10,960 beyond that resistance is at 10,985 and 11,010 .A close over 10,960 is friendly and augurs for an eventual test of 11,010.