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Morning Comments (MC)  Thursday July 29, 1999
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On the Frenzied Forex Front

Sept. Japanese-Yen

Nearby Support is at 8668 and 8652 to 8630. A close under 8668 augurs for a test of 8589 and 8560

Nearby Resistance is at 8723 and the 8759 to 8777 region Day traders can sell at 8762 and Hold for lower prices. Beyond that sellers should appear near 8816

Support should appear near 5468 and the 5430 to 5418 region.

Resistance should appear near 5592 to 5504..Beyond that sellers should appear near

5529 and 5553 to 5577...

Nearby Support is at 6684 to 6673 and 6634. Under that a test of 6591 is likely.

Nearby Resistance 6707, beyond that sellers should appear near 6721 and the 6741 to 6755 region. Day traders can sell at 6741, risk 50 pts.

Support should appear near 1.5928 and 1.5906 below that support is at 1.5836 and 1.5760

Resistance should appear near the 1.6090 to 1.6150 region. BW Traders can sell at 1.6120, risk a close over 1.6150 for two days in a row.

Support should appear at 6626 and 6591 to 6577

Resistance is at 6659 to 6673 and 6707.

Nearby Support is at 253.8 then 250.5

BW Traders can buy at 251.90 and hold for higher prices..

Resistance is at 255.2 and 257.8 then 260.5

Nearby Support should appear near 7390, Day Traders can buy at 7390 risk 80 pts. Below that support is at 7335 and 7255 to 7240 which should stop a decline for a bit

Under that 7190 should hold..

Nearby Resistance is at 7590, beyond that resistance is 7685 and 7785

Trade Accordingly and stay tuned.

Support is at 338.5 and 336

Resistance is at 343 and the 345.5

On the DownSide nearby support is at 520.5 day traders can buy at 520.5 and risk

5 cents. Under that 511 and 508 offers support.. Below that 497 should hold..

Day traders can buy at 498 and hold for higher prices.

On the Upside, resistance is at 532.5 and 537 beyond that a test of 41.5 to

543 is likely.

Trade Accordingly and Stay tuned...

Nearby Support is at 2026 and 2012 under that buyers should appear

near 1996 to 1982

Resistance is at 2062, beyond that a test of the 2080 to 2088 region is likely.. Above 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 6115 to 6105, day traders can buy at 6115 and hold for higher prices... Below that support is at 6040 to 6020

Resistance should appear at 6200 and 6257 to 6270 then 6315. Day traders can sell at 6315 for a turn lower risk 125 pts.

Nearby Support is at 5160 and then 5140 to 5127, day traders can buy at 5160 and risk 50 pts. below that support is at 5067 to 5035.

Resistance is at 5344 to 5356 and 5380. Day traders can sell at 5350 and hold for lower prices.. 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 429 and 435 then 443.

Support is at 420 1/2 then 415 and 409 1/2 BW traders can buy at 409 1/2 for a turn higher, risk a close under 404 3/4 for two days in a row.

Support is at 133.4 and 131.1

Resistance is at 135.5 to 136.5 and 138.4

Resistance is at 11529 to 1535 and 1548, day traders can sell at 1548 for a turn lower, risk 70 pts. Beyond that sellers should appear near 1569 and the 1576 1584 region.

Beyond that 1599 should cap a rally.

two days in a row.

Support is at 203 3/4 and 200 1/2

Resistance is at 208 3/4 and 210 1/2 then 213 3/4

Support is at 253 3/4 and 251 1/4. Day traders can buy at 253 1/4 and hold for

higher prices. Below that buyers should appear near 247 3/4 and 245.

Resistance is at 257 1/4 and 259 3/4 then 263 beyond that we see an eventual test of 269 to 270..if it holds. Trade accordingly

On the DownSide support is at 5015 and 4925 to 4915 where it should hold..

Day traders can buy at 4925 and hold for higher prices.

On the Upside Resistance is at 5115 to 5130 beyond that resistance is

at 5215 and 5259 to 5282

Nearby Support is at the 586 to 582 and 563 to 558..

Resistance should appear at 609 and 624 beyond that sellers should appear near the 630 to 634 region and 644.. 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, an extended trade of 9645 is friendly and augurs for a test of 9840 and 9895 beyond that resistance should appear near 9920 to 9940 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 9565 to 9525. Under that support is at 9445 to 9425 and 9395. Day traders can buy at 9395 and hold for higher prices.

Under that support should appear 9285 and the 9060 to 9040 region.

Hearty BW Traders can buy at 9060 and hold for higher prices..

Support should appear near 995 to 992 and 972 to 968. BW Traders can buy at 968, risk a close under 952 for two days in a row. Below that support is at 941 to 932 and

the 914 to 907 region.

Nearby Resistance is at 1005. Beyond that sellers should appear near 1025 and 1032 to 1036 Beyond that resistance is at 1058 to 1068

Support is at 6497. Under that support is at 6432 to 6412 Day traders can buy at 6432 and hold for higher prices...

Resistance is at 4902 Beyond that resistance is at 4947 and 5047

Support is at 4807 to 4792 and 4732 day traders can buy at 4792 for bounce and hold for higher prices Below that buyers should appear near 4717 to 4695

Resistance is at 4972 to 4995 and 5032 Beyond that resistance is at 5127 to 5132.

Stay Tuned Flashes in the Meat Complex..

On The DownSide nearby support is at 115-23 to 115-21 under that buyers should

appear near 115-04 below that 114-13 should provide good support. Day traders can buy at 115-23 and hold for higher prices...

On the Upside Nearby Resistance is at 116-04 and 116-08 then 116-24 then 117-03

On the DownSide Nearby Support is at 1364.80 and 1361.5 to 1359.40 under that support should appear near 1353.50 to 1352.20.. Failure there augurs for a test of 1346

Below that support is at 1340 1334.

Nearby Resistance is at 1371.20 an extended trade over 1371.20 is friendly and augurs for another 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 10,985 and 11,010 to 11,0021.. A close over 11,010 is friendly and augurs for an eventual test of 11,060 to 11,086. Beyond that resistance is 11,107 and 11,155.