Wed. March 31, 1999

7:30 AM

On the Frenzied Forex Front

June Japanese-Yen

Support is at 8470 and 8399 to 8363 and 8314 to 8300 should contain a decline in the near future. Below that 8223 to 8194 should hold. A close under 8194 is negative and augurs for a test of 8119 to 8114 and 8044 where BW traders can buy and hold for higher prices.

Resistance is at 8560 to 8589 and 8629. A close over 8629 augurs for an eventual test of the 8668 to 8683 and the 8762 to 8777 region.

Support is at 5504 to 5492. Below that support is at 5430 to 5418 where traders can buy at 5425 for a bounce, risk a close under 5418.

Resistance is at 5553 to 5577 then 5605. A close over 5577 is friendly and augurs for an eventual test of 5640 to 5653 beyond that resistance is at 5671 and 5682. Beyond that resistance is at 5710 to 5716/ 5729. BW Traders should sell at 5716, risk a close over 5729 for two days in a row..

Support is at 6780 and 6761. Below that support is near the 6758 to 6741 region under that support is at 6673 to 6659.

Resistance is at 6809 to 6811 and the 6831 to 6836 region. A close over 6836 augurs for a test of 6906 to 6919 beyond that resistance is at 6931 and 6958. Above that sellers should appear near 6990 to 7003.

Support is near 1.6150 to 1.6090 and it should hold.

Resistance is at 1.6268. A close over 1.6286 augurs for a test of 1.6420 and 1.6486.

BW Traders should go long if a close over 1.6286 occurs.

Support should appear at 6591 to 6577 and 6548 to 6544. Below that a test of the 6509 to 6482 region is likely.

Resistance is at 6677 and the 6741 to 6755 region, which should cap a rally. BW Traders can sell at 6741 for a turn lower, risk a close over 6755 for three days in a row.

Stay tuned for Forex flashes

Support is at 278.2 and 276 under that buyers should appear near 268.3

Resistance is at 282 to 283. A close over 283.00 is friendly and augurs for a test the 288.

Trade accordingly

Support is at 6230. Under that some support should appear near 6165 to 6150 and the 6035 to 6023 region. .

Resistance is at 6385 and 6435

Support is at 353 and 348.

Resistance is at 362. A close over 361 augurs for a test of 372.

On the DownSide: Support is at 499 to 497.5 below that 491 should hold.

Under that buyers should appear near 475. BW Traders should buy at 475.5 and hold for higher prices.

On the Upside. Resistance is at 508 and 515 and 522.

BW Traders should go long if a close over 514 occurs.

Nearby Support is at 1615 to 1609 then 1603 to 1578 BW traders can buy at 1578, risk close under 1560 for three days in a row.

Nearby Resistance is at 1657 and 1674 and 1682. Beyond that a test of 1731 and 1774 is likely.

Nearby Support is at 5135 and 5090 to 5077. BW Traders can buy at 5005 and hold for higher prices. Under that buyers should appear near 4925 and 4785. BW Traders can buy at 4785 and hold for higher prices. Below that support is at 4505.

Resistance is at 5239 to 5259 and 5335. Beyond that resistance is at 5345 to 5356 and 5418. A close over 5430 is friendly and augurs for an eventual test of 5645 to 5653.

BW Traders should go long if a close over 5356 occurs.

Support is at 4249 and 4230 to 4210. Day Traders can buy at 4249 and hold for higher prices. Below that support is at 4185 to 4163. Below that Buyers should appear at 4120 to 4110 which should contain a decline.

Resistance is at 4435 to 4445. A close over 4445 indicates a likely test of 4570 and 4717.

Support is at 492 1/2. Below that support is at 486 1/2. BW Traders can buy at 486 and hold for higher prices. Below that support is at 480 to 478 and 467.

Resistance is at 509 and 513 Beyond that resistance is at 520 to 522.

Support is at 499 1/2 and 494. BW Traders can buy at 494 and hold.

Resistance is at 514 beyond that resistance is at 521 to 529.

Support is at 136.80 and 134.60 to 133.40. Below that support is at 131.9 to 130.40 where it should hold.

Resistance is at 141.90. A close over 141.10 is friendly and augurs for a test of 145.30 to 145.90 beyond that 148.40 to 148.90 offers resistance.

Resistance is at 2017. A close over 1996 is friendly and augurs for a test of the 2034 to 2042 region. Beyond that resistance is at 2080

Support is at 230.5 to 229. Below that 227 1/2 should contain a decline for a bit. BW Traders can buy at 227 1/2 and hold for higher prices.

Resistance is at 238. A close over 238 augurs for a test of 242 to 244.

Support is at 302 to 301 and 299 3/4. Day Traders can buy at 299 3/4 and hold for higher prices Below that buyers should appear near 295.

Resistance is at 307 1/2 to 309. The Close over 303 is friendly and augurs for a test of 314 and eventually 319 1/2 to 320 1/2 which should cap a rally for a bit .

On the Upside resistance 6010 and 6050 then 6165 to 6190

On the DownSide support is at 5910 and 5850 Day Traders can buy at 5855 and hold for higher prices under that 5610 should hold.

Support is at 563 to 553 and 549. Below that 539 to 534 should hold.

Resistance is at 589. A close over 586 is friendly and augurs for a test of 596 and the 602 to 609 region..

BW Traders should go long if a close over 586 occurs.

On the DownSide, support is at 111.55. Day traders can buy at 111.55 and hold for higher prices. Under that support is at 110.20 and 109.20 then 107.60 and the 106.80 to region..

On the Upside, Resistance is at 113.10 to 113.60 Beyond that 115.25 offers resistance above that sellers should appear near 116.40 to 116.90. A close over 116.90 indicates a test of 119.20 to 120.30

Buy dips and stay tuned for Flashes.

Nearby Support is at 1190 and 1179, under that 1160 should contain a

decline.

Resistance is at 1202 and the 1232 to 1238 region. A close over 1232 is friendly and augurs for a test 1268 to 1279, BW Traders can sell at 1274 risk a close over 1304 for three days in a row.

Support is at 6667 and 6602 to 6597 Below that buyers should appear at 6517.

BW Traders can buy at 6517 and hold for higher prices.

Resistance is at 4152 and 4172 then 4252

Support is at 4047 and 3972 to 3957.

Stay Tuned for flashes...

Support is at 5187 and 5122 then 5092
Resistance is at 5297 and 5322 then 5392

Support is at 5110 then 4992 to 4962

Resistance is at 5260 to 5192 and 5412

Stay Tuned for Flashes the Pork Complex.

On The DownSide nearby support is at 120-22 and 120-19 a close under 120-19 is negative

On the Upside: Resistance is at 121-22. A close over 121-21 augurs for an eventual test of 122-14

June SP 500
Support is at 1310 and 1307 then 1304. A close under 1304 augurs for an eventual test of the 1289 and 1274 to 1268

Resistance is at 1319.90 and 1322.00. Above that resistance is at  1326 and 1334 to 1346.

BW Traders should go short if a close under 1289 occurs.

Resistance is near 9937 then 10,021 to 10,037. Beyond that resistance s at 10,050.. Beyond that a test of 10,104 to 10,136 is likely.