Received: from freesub (host-209-214-13-16.pbi.bellsouth.net [209.214.13.16]) by mail.mia.bellsouth.net (8.8.8-spamdog/8.8.5) with SMTP id TAA06546; Tue, 30 Jun 1998 19:41:23 -0400 (EDT) Reply-To: "FuturesCom" From: "FuturesCom" To: "William Chippas" Subject: Morning Comments 7-01-1998 Date: Tue, 30 Jun 1998 19:37:27 -0400 Message-ID: <000501bda480$0b749200$0100007f@localhost> MIME-Version: 1.0 Content-Type: multipart/alternative; boundary="----=_NextPart_000_0009_01BDA45E.B7A707A0" X-Priority: 3 X-MSMail-Priority: Normal X-Mailer: Microsoft Outlook Express 4.71.1712.3 X-MimeOLE: Produced By Microsoft MimeOLE V4.72.2106.4 X-UIDL: 512fa2f92e24c21a39c8d027156e1f3e This is a multi-part message in MIME format. ------=_NextPart_000_0009_01BDA45E.B7A707A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable FuturesCom Investment Publications Dedicated to Excellence in Analysis of Futures Markets Bonds.. SP500.. Forex.. Precious Metals.. Energies..Grains.. Livestock.. = Softs Featuring Bi-Weekly Investment Outlooks, Special Reports, Morning = Comments and More=20 Experienced Since 1979 & Serving Professional and Individual Futures = Traders World Wide since 1988 5845 Autumn Ridge Rd Lake Worth Florida 33463 561-433-2995 = http://www.futurescom.com Morning Comments July 1st 1998 Tuesday June 30, 1998=20 5:37 PM On the Frenzied Forex Front Sept. J-Yen Support is 7292 and 7256 to 7242 then 7226 below that 7174, Day traders = can buy at 7174 for a bounce only, risk 40 pts.=20 Resistance is at 7328 to 7342. A close over 7342 indicates a test of = 7513 and 7665. Traders can go short at 7675, risk a close over 7690 for = three days in a row.=20 Sept. Swiss Recommended Position Long at 6695, 6755 and 6628 Support is at 6609 and 6591 to 6577, below that support is at 6537. A = dip to the 6509/ 6483 region should contain a break.=20 Resistance is at 6640 and 6659 to 6673 A close over 6673 is friendly for = a test of the 6741 region. Beyond that resistance is near 6809.=20 Sept. British Pound:=20 Support is at 1.6550 and 1.6420 Traders should Go long at 1.6420 risk a = close under 1.6290. For two days in a row. Below that support is at = 1.6150 to 1.6090. Buy at 1.6090 for a bounce, risk 100 pts.=20 Resistance is at and 1.6646 and 1.6686. A close over 1.6720 augurs for a = test of 1.6890. Beyond that a rally to the 1.6960 region is likely. = Traders should sell short at 1.6960, risk a close over 1.7140 two days = in a row.=20 *Traders should Go long on a close over 1.6720=20 Sept. D-Mark Recommended Position long at 5593 Early support is at 5532 and the 5504 /5495 region. Below that Traders = can buy at 5490 for a turn higher. Risk a close under 5470. Below that = support is at 5430 to 5418. Day traders can buy at 5430 for a bounce, = risk 20 pts.=20 Resistance is at 5577 to 5582. Beyond that sellers should raise their = heads near the 5595 and 5625. However a trade or close over 5632 augurs = for a test of 5653 beyond that a rally to 5688 is likely, Traders should = go short at 5688 for a turn lower. Risk a close over 5729 for two days = in a row.=20 Sept. Canadian Dollar Recommended Position long at 6836 and 6856 Support 6818 and 6809. Below that support at 6779 should hold today.=20 Resistance is at 6836. A close over 6836 is friendly and indicates a = test of 6868 to 6879. A close over 6861 augurs for a thrust towards 6894 = and the 6906 to 6914 where traders should sell at 6906, risk a close = over 6922 for three days in a row.=20 Go long or Add on a close over 6836. Trade Accordingly. Precious Metals August Gold Recommended Position Long at 298.10 Nearby Support is at 207.3 and 294. Below that Traders should buy at = 293.10 and hold.=20 Resistance is at 298.20 and 299.A close over 298.20 augurs for a test of = 301 to 303.80 and most likely to 307 region Sept. Copper: Recommended position Long at 7480 Support is at 7310 and 7230 A close under indicates a test of 7215 below = that 7015 to 6990 should hold. Traders can buy at 7015 for a turn = higher, risk a close under 6990 or two days in a row.=20 Resistance is at 7395 and 7430. Above that resistance is at 7550 and = 7615. Beyond that 7770 and 7820 offer good resistance. Trade = Accordingly,=20 Oct. Platinum Recommended position Long at 358 Support is near 355.50 and 352 to 349.5 and 343. Resistance is at 361 Beyond that a rally to 365 and 374 is likely to = occur. Beyond that 377 offers good resistance. Traders should Go Short = at 377, risk a Close over 383 for two days in a row.=20 Long Term Friendly Sept. Silver=20 On the Downside: Support is at 531.5 and 522.5 Day Traders can buy at = 532 risk 4 cents below that Traders can buy at 521 and hold. On the = Upside. Resistance is at 563.5 and 571.5.=20 Trade Accordingly. The Exciting Energies August Crude Recommended Position long at 1425 and 1397 Support is at 1415 and 1390, day traders should go long at 1390 and risk = 30 pts. Below that support is 1372. Under that 1346 to 1335 should hold. = A slip under augurs for test of 1310. Traders should buy at 1310 for a = bounce, risk 20 pts.=20 Resistance is at 1440. Beyond that another thrust towards the 1465 is = likely. August Unleaded Gas Recommended Position Long at 4635 and 4742 Support is at 4740. Below that support is 4690 and 4582. Below that = support is near 4535 and 4450.=20 Resistance is at 4785 and 4890. Beyond that a test of 4942 is likely. August Heating Oil Recommended Position long at 3910 Resistance at 3965 and 4090. Above that 4170 offers resistance.=20 On the Downside Support is at 3890, more should appear at 3790 and 3735. The Grande Grains August Soybeans Recommended Position long at 601,615,646 3/4 Support is at 626 1/2 and 618 3/4. Day traders should buy at 619, risk 6 = cents Below that support should appear near the 605 region.=20 Resistance is at 632 3/4, Beyond that resistance is at 641 and 646 1/2=20 A close over 647 augurs for a test of 654. Trade accordingly. Spread Long August Short Nov. at 24 cents over Hold August Soybean Meal Recommended Position Long at 166.10 Support is 163.90 and 161 below that support is 159.0=20 Resistance is at 167.0 and 168.90 Beyond that resistance is at 170.0 and = 175.0 August Soybean Oil Recommended Position Long at 2594 Support is 2523 to 2501 and the 2469 to 2461 region. Traders should Buy = at 2469 and Hold. Resistance begins at 2552 to 2568. Beyond that = resistance is 2601=20 A close over 2568 augurs for a test of 2612=20 Dec. Corn Recommended Position long at 258 1/2 and 257 1/2 Support is at 257 3/4 and 255 3/4. Below that Day Traders can buy at 253 = for a bounce. Below that support is near 245 3/4 and 242 1/2=20 Resistance is at 262 3/4 and 265 1/2. Beyond that resistance is at 267 = 3/4 Sept. Wheat Recommended Position Long at 290 3/4 Resistance is at 288 and 291 3/4. Above that a trade to 297/300 is = likely to occur.=20 On the Downside Support is at 285 3/4 then 282 3/4 and 280. Trade Accordingly The Satisfying Softs Dec. Cotton=20 Support is at 7735 and 7685, beneath that Traders can buy at 7513 for a = turn higher and hold for higher prices. Day Traders can buy at 7740 for = a bounce, risk 85 pts. Resistance is at 7820 and 7845 and 7940. A close over 7840 indicates a = move towards 8050. Conversely a close under 7730 indicates a slip = towards 7550. Trade Accordingly=20 Oct. Sugar=20 Support is 847 beneath that traders can buy at 823, risk a close under = 814 for three days in a row. Below that 795 to 782 offer some support.=20 Resistance near at 877 and 887. Beyond that 901 offers good resistance=20 September the Monster Coffee: Recommended Position Long at 121.95 On the DownSide, Early support is at 110.10 and 109.60. A slip under = 109.60 augurs for a test of support at 108.90 and 107.00 to 106.40. = Below that 105.80 should hold.=20 On the Upside, Resistance is at 110.40 and 111.40 to 112.00 a rally over = 112.00 augurs for a test 113.00 to 113.60/ 113.90 with an outside chance = of testing 115.90. Sept. Cocoa Recommended position Long at 1569 Support is at 1569 to 1567 below that 1548 and 1535 to 1517 should hold. = Below that Day traders can buy at 1511, risk a trade under 1480. Resistance is at 1576. However the close over 1571 is friendly for a = test of resistance at 1609 to 1615 /1617.=20 A trade through 1619 is friendly, traders should go long using a 1620 = stop, risk a close back under 1609.=20 The Lively Livestock August Cattle Recommended Position Long at 6665 and 6532 Support is at 6462 and 6442. Below that 6417 should hold. Resistance is = at 6517 and 6567. Beyond that good resistance is at 6592 and 6607=20 Long term Friendly=20 July Hogs Recommended Position Long at 6035 Support is 5752 and 5702. Below that support is at 5652 to 5640.=20 Day traders should buy at 5752 for a good bounce, risk a trade under = 5637.=20 Stay Tuned.. Resistance is at 5852 and 5867 to 5882.=20 August Hogs Support is at 5455 and 5410, day traders should buy at 5432 for a good = bounce, risk 150 pts. With a RSI of only 17 a bounce is over due. Stay = Tuned=20 October Hogs=20 Recommended Long Oct. at 5370 from the spread Hold.=20 A close over 4987 is friendly.=20 Ditto.=20 July Bellies Recommended Position Long at 6117 (2) and 5957. On the DownSide Support is at 5957 and 5922 Below 5952, support is at = 5880 to 5855 and 5817 to 5802. Day Traders can buy at 5807 for a good = bounce, risk 100 pts. Below that support is 5777 and 5727 which should = hold for a bit. On the Upside Resistance is at 6107 to 6112 A close over 6112 augurs for = a test of 6162 to 6190 and the 6247/6257 to 6270.=20 August Bellies Support is at 5702 and 5640, below that 5552 offers good support. = Resistance is 5782 and 5852.=20 Recommended Spread Long 2 July Short 2 August at 225 July over Aug. = Hold.=20 --From the Frying Pan into the Fire--=20 The Sensational Stock and Bond Markets=20 Sept. Bonds=20 On The Downside, Nearby Support is 123-08 and 122-27. A close under = 122-27 is negative and augurs for an eventual slip to support at 121-27 = to 121-21. Where traders can buy at 121-25 for a turn higher, risk a = close under 121-13 for two days in a row. Below that 121-02 should hold. = On the Upside: Resistance is at 123-21 and 123-27, sell at 123-25 for a = turn lower, risk a close over 124-00 for two days in a row. Beyond = 123-25 Resistance is at 123-30 and 124-27. Sept. SP500 Recommended Position Short at 1123.80,1125.80.1136 and 1143 On the DownSide, Support is at 1142.10 under that support is at 1137.50 = and 1136. A trade under 1136 augurs for a test of 1133 and 1130. Below = that support lies at 1126.20 and 1122.20. On the Upside, Resistance is at 1148.40 and 1150. Above that resistance = is at 1156 to 1157.20 then 1157.90 to 1158.40 If the sharp advance = continues 1164 to 1169 should Cap a Rally. Sell Short at 1164 and Hold. = Initially risking a close over 1169 for three days in a row Beyond that = 1172.90 offers resistance. The Dow Jones Industrial Average=20 Support is at 8934 below that 8906 should hold if it's any good. if not = a slip towards 8871 to 8856 is likely. Under that support is at 8805.5. = A Slip under 8798 is negative and augurs for a pullback towards the 8777 = to 8762/ 8859 region. Resistance is at 8964 and 8997 to 9004 and 9025. Beyond that 9044 to = 9060 offers good resistance as does 9100 and 9140 to 9156 which should = contain a rising mkt. If not a touch of 9236 to 9247 is likely.=20 A ship in Harbor is Safe.. But that's not what ships are built for. Happy Trading=20 Bill Tuesday June 30 1998=20 7:30 PM=20 Copyright@1998 FuturesCom Investment Publications All Rights Reserved=20 FuturesCom is Not Responsible for Transmission Errors and Omissions. THIS PUBLICATION CONTAINS THE VIEW AND OPINIONS OF THE AUTHOR, EXCEPT = WHERE OPINIONS ARE ATTRIBUTED TO OTHER SOURCES. WRITTEN PERMISSION IS. = REQUIRED PRIOR TO ANY DISTRIBUTION OR REPRODUCTION. FUTURES TRADING IS = RISKY AND CAN CAUSE SUBSTANTIAL FINANCIAL LOSS. THE USE OF OPTIONS AND = OPTION TRADING INVOLVES A HIGH DEGREE OF RISK. THE USE OF STOPS MAY NOT = LIMIT LOSSES TO INTENDED AMOUNTS. SPREAD POSITIONS MAY NOT BE LESS RISKY = THAN OUTRIGHT FUTURES POSITIONS. PAST RESULTS ARE NOT NECESSARILY = INDICATIVE OF FUTURE RESULTS. SOURCES ARE BELIEVED TO BE RELIABLE BUT NO = ASSURANCE IS MADE FOR ACCURACY. ADDITIONAL RISK DISCLOSURE IS AVAILABLE. = ------=_NextPart_000_0009_01BDA45E.B7A707A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

FuturesCom = Investment Publications
Dedicated to Excellence in Analysis of Futures=20 Markets
Bonds..=20 SP500.. Forex.. Precious Metals.. Energies..Grains.. = Livestock..=20 Softs
Featuring Bi-Weekly=20 Investment Outlooks, Special Reports, Morning Comments and More =
Experienced Since 1979 & Serving = Professional=20 and Individual Futures Traders World Wide since 1988
5845 Autumn = Ridge Rd=20 Lake Worth Florida 33463 561-433-2995=20 http://www.futurescom.com 

Morning Comments July 1st 1998

Tuesday June 30, 1998
5:37 PM 

On the Frenzied Forex Front

Sept. J-Yen

Support is 7292 and 7256 to 7242 then 7226 below that = 7174, Day=20 traders can buy at 7174 for a bounce only, risk 40 pts.

Resistance is at 7328 to 7342. A close over 7342 = indicates a=20 test of 7513 and 7665. Traders can go short at 7675, risk a close over = 7690 for=20 three days in a row.

Sept. Swiss Recommended Position Long at 6695, 6755 and=20 6628

Support is at 6609 and 6591 to 6577, below that support = is at=20 6537. A dip to the 6509/ 6483 region should contain a break.

Resistance is at 6640 and 6659 to 6673 A close over 6673 = is=20 friendly for a test of the 6741 region. Beyond that resistance is near = 6809.=20

Sept. British Pound:

Support is at 1.6550 and 1.6420 Traders should Go long at = 1.6420=20 risk a close under 1.6290. For two days in a row. Below that support is = at=20 1.6150 to 1.6090. Buy at 1.6090 for a bounce, risk 100 pts.

Resistance is at and 1.6646 and 1.6686. A close over 1.6720 = augurs=20 for a test of 1.6890. Beyond that a rally to the 1.6960 region is = likely.=20 Traders should sell short at 1.6960, risk a close over 1.7140 two days = in a row.=20

*Traders should Go long on a close over 1.6720

Sept. D-Mark Recommended Position long at 5593

Early support is at 5532 and the 5504 /5495 region. Below that = Traders=20 can buy at 5490 for a turn higher. Risk a close under 5470. Below that = support=20 is at 5430 to 5418. Day traders can buy at 5430 for a bounce, risk 20 = pts.=20

Resistance is at 5577 to 5582. Beyond that sellers should = raise=20 their heads near the 5595 and 5625. However a trade or close over 5632 = augurs=20 for a test of 5653 beyond that a rally to 5688 is likely, Traders should = go=20 short at 5688 for a turn lower. Risk a close over 5729 for two days in a = row.=20

Sept. Canadian Dollar Recommended Position long at 6836 and=20 6856

Support 6818 and 6809. Below that support at 6779 should = hold today.=20

Resistance is at 6836. A close over 6836 is friendly and = indicates a=20 test of 6868 to 6879. A close over 6861 augurs for a thrust towards 6894 = and the=20 6906 to 6914 where traders should sell at 6906, risk a close over 6922 = for three=20 days in a row.

Go long or Add on a close over 6836.

Trade Accordingly.

Precious Metals

August Gold Recommended Position Long at 298.10

Nearby Support is at 207.3 and 294. Below that Traders = should buy at=20 293.10 and hold.

Resistance is at 298.20 and 299.A close over 298.20 augurs = for a=20 test of 301 to 303.80 and most likely to 307 region

Sept. Copper: Recommended position Long at 7480

Support is at 7310 and 7230 A close under indicates a test of = 7215 below=20 that 7015 to 6990 should hold. Traders can buy at 7015 for a turn = higher, risk a=20 close under 6990 or two days in a row.

Resistance is at 7395 and 7430. Above that resistance is at = 7550 and=20 7615. Beyond that 7770 and 7820 offer good resistance. Trade = Accordingly,=20

Oct. Platinum Recommended position Long at 358

Support is near 355.50 and 352 to 349.5 and 343.

Resistance is at 361 Beyond that a rally to 365 and 374 is = likely to=20 occur. Beyond that 377 offers good resistance. Traders should Go Short = at 377,=20 risk a Close over 383 for two days in a row.

Long Term Friendly

Sept. Silver

On the Downside: Support is at 531.5 and 522.5 Day Traders can = buy at 532=20 risk 4 cents below that Traders can buy at 521 and hold. On the = Upside.=20 Resistance is at 563.5 and 571.5.

Trade Accordingly.

The Exciting Energies

August Crude Recommended Position long at 1425 and 1397

Support is at 1415 and 1390, day traders should go long at = 1390 and=20 risk 30 pts. Below that support is 1372. Under that 1346 to 1335 should = hold. A=20 slip under augurs for test of 1310. Traders should buy at 1310 for a = bounce,=20 risk 20 pts.

Resistance is at 1440. Beyond that another thrust towards = the 1465=20 is likely.

August Unleaded Gas Recommended Position Long at 4635 and=20 4742

Support is at 4740. Below that support is 4690 and 4582. = Below that=20 support is near 4535 and 4450.

Resistance is at 4785 and 4890. Beyond that a test of 4942 = is=20 likely.

August Heating Oil Recommended Position long at 3910

Resistance at 3965 and 4090. Above that 4170 offers = resistance.=20

On the Downside Support is at 3890, more should appear at = 3790 and=20 3735.

The Grande Grains

August Soybeans Recommended Position long at 601,615,646 = 3/4

Support is at 626 1/2 and 618 3/4. Day traders should buy at = 619,=20 risk 6 cents Below that support should appear near the 605 region. =

Resistance is at 632 3/4, Beyond that resistance is at 641 = and 646=20 1/2
A close over 647 augurs for a test of 654.

Trade accordingly.

Spread Long August Short = Nov. at 24=20 cents over Hold

August Soybean Meal Recommended Position Long at = 166.10

Support is 163.90 and 161 below that support is 159.0 =

Resistance is at 167.0 and 168.90 Beyond that resistance is = at 170.0=20 and 175.0

August Soybean Oil Recommended Position Long at 2594

Support is 2523 to 2501 and the 2469 to 2461 region. Traders = should=20 Buy at 2469 and Hold. Resistance begins at 2552 to 2568. Beyond = that=20 resistance is 2601

A close over 2568 augurs for a test of 2612

Dec. Corn Recommended Position long at 258 1/2 and 257 = 1/2

Support is at 257 3/4 and 255 3/4. Below that Day Traders = can buy at=20 253 for a bounce. Below that support is near 245 3/4 and 242 1/2

Resistance is at 262 3/4 and 265 1/2. Beyond that resistance = is at=20 267 3/4

Sept. Wheat Recommended Position Long at 290 3/4

Resistance is at 288 and 291 3/4. Above that a trade to = 297/300 is=20 likely to occur.

On the Downside Support is at 285 3/4 then 282 3/4 and = 280.

Trade Accordingly

The Satisfying Softs

Dec. Cotton

Support is at 7735 and 7685, beneath that Traders can buy at = 7513=20 for a turn higher and hold for higher prices. Day Traders can buy at = 7740 for a=20 bounce, risk 85 pts.

Resistance is at 7820 and 7845 and 7940. A close over 7840 = indicates=20 a move towards 8050. Conversely a close under 7730 indicates a slip = towards=20 7550.

Trade Accordingly

Oct. Sugar

Support is 847 beneath that traders can buy at 823, risk a = close=20 under 814 for three days in a row. Below that 795 to 782 offer some = support.=20

Resistance near at 877 and 887. Beyond that 901 offers good=20 resistance

September the Monster Coffee: Recommended Position Long at=20 121.95

On the DownSide, Early support is at 110.10 and = 109.60. A=20 slip under 109.60 augurs for a test of support at 108.90 and 107.00 to = 106.40.=20 Below that 105.80 should hold.

On the Upside, Resistance is at 110.40 and 111.40 to 112.00 a = rally=20 over 112.00 augurs for a test 113.00 to 113.60/ 113.90 with an outside = chance of=20 testing 115.90.

Sept. Cocoa Recommended position Long at 1569

Support is at 1569 to 1567 below that 1548 and 1535 to 1517 = should=20 hold. Below that Day traders can buy at 1511, risk a trade under = 1480.

Resistance is at 1576. However the close over 1571 is = friendly for a=20 test of resistance at 1609 to 1615 /1617.
A trade through 1619 is = friendly,=20 traders should go long using a 1620 stop, risk a close back under 1609.=20

The Lively Livestock

August Cattle Recommended Position Long at 6665 and = 6532

Support is at 6462 and 6442. Below that 6417 should hold. Resistance = is at=20 6517 and 6567. Beyond that good resistance is at 6592 and 6607

Long term Friendly

July Hogs Recommended Position Long at 6035

Support is 5752 and 5702. Below that support is at 5652 to = 5640.=20
Day traders should buy at 5752 for a good bounce, risk a trade under = 5637.=20

Stay Tuned..

Resistance is at 5852 and 5867 to 5882.

August Hogs

Support is at 5455 and 5410, day traders should buy at 5432 for a = good=20 bounce, risk 150 pts. With a RSI of only 17 a bounce is over due. Stay = Tuned=20

October Hogs

Recommended Long Oct. at 5370 from the spread Hold.

A close over 4987 is friendly.

Ditto.

July Bellies Recommended Position Long at 6117 (2) and=20 5957.

On the DownSide Support is at 5957 and 5922 Below 5952, = support=20 is at 5880 to 5855 and 5817 to 5802. Day Traders can buy at 5807 for a = good=20 bounce, risk 100 pts. Below that support is 5777 and 5727 which should = hold for=20 a bit.

On the Upside Resistance is at 6107 to 6112 A close over = 6112=20 augurs for a test of 6162 to 6190 and the 6247/6257 to 6270. =

August Bellies

Support is at 5702 and 5640, below that 5552 offers good support. = Resistance=20 is 5782 and 5852.

Recommended Spread Long 2 July Short 2 August at 225 July over Aug. = Hold.=20

--From the Frying Pan into the Fire--

The Sensational Stock and Bond Markets =

Sept. Bonds

On The Downside, Nearby Support is 123-08 and 122-27. A close = under=20 122-27 is negative and augurs for an eventual slip to support at 121-27 = to=20 121-21. Where traders can buy at 121-25 for a turn higher, risk a close = under=20 121-13 for two days in a row. Below that 121-02 should hold.

On the Upside: Resistance is at 123-21 and 123-27, sell at = 123-25=20 for a turn lower, risk a close over 124-00 for two days in a row. Beyond = 123-25=20 Resistance is at 123-30 and 124-27.

Sept. SP500 Recommended Position = Short at=20 1123.80,1125.80.1136 and 1143

On the DownSide, Support is at 1142.10 under that = support is at=20 1137.50 and 1136. A trade under 1136 augurs for a test of 1133 and 1130. = Below=20 that support lies at 1126.20 and 1122.20.

On the Upside, Resistance is at 1148.40 and 1150. Above = that=20 resistance is at 1156 to 1157.20 then 1157.90 to 1158.40 If the sharp = advance=20 continues 1164 to 1169 should Cap a Rally. Sell Short at 1164 and Hold.=20 Initially risking a close over 1169 for three days in a row Beyond that = 1172.90=20 offers resistance.

The Dow Jones Industrial Average

Support is at 8934 below that 8906 should hold if it's any = good. if=20 not a slip towards 8871 to 8856 is likely. Under that support is at = 8805.5. A=20 Slip under 8798 is negative and augurs for a pullback towards the 8777 = to 8762/=20 8859 region.

Resistance is at 8964 and 8997 to 9004 and 9025. Beyond that = 9044 to=20 9060 offers good resistance as does 9100 and 9140 to 9156 which should = contain a=20 rising mkt. If not a touch of 9236 to 9247 is likely. =

A ship in Harbor is Safe.. But that's not what ships are built=20 for.

Happy Trading

Bill

Tuesday June 30 1998
7:30 PM=20

Copyright@1998 FuturesCom Investment Publications All Rights Reserved =
FuturesCom is Not Responsible for Transmission = Errors=20 and Omissions.

THIS PUBLICATION CONTAINS THE VIEW AND OPINIONS OF THE AUTHOR, EXCEPT = WHERE=20 OPINIONS ARE ATTRIBUTED TO OTHER SOURCES. WRITTEN PERMISSION IS. = REQUIRED PRIOR=20 TO ANY DISTRIBUTION OR REPRODUCTION. FUTURES TRADING IS RISKY AND CAN = CAUSE=20 SUBSTANTIAL FINANCIAL LOSS. THE USE OF OPTIONS AND OPTION TRADING = INVOLVES A=20 HIGH DEGREE OF RISK. THE USE OF STOPS MAY NOT LIMIT LOSSES TO INTENDED = AMOUNTS.=20 SPREAD POSITIONS MAY NOT BE LESS RISKY THAN OUTRIGHT FUTURES POSITIONS. = PAST=20 RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. SOURCES ARE = BELIEVED=20 TO BE RELIABLE BUT NO ASSURANCE IS MADE FOR ACCURACY. ADDITIONAL RISK = DISCLOSURE=20 IS AVAILABLE.

 

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