FuturesCom Investment Publications
Morning Comments (MC) May 17th, 1999
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Nearby Support is at 8164 and 8134 where day traders can buy for a bounce, risk 50 pts. Under that 8119 offers support as does 8086.

Resistance is at 8183 to 8194 and 8219 to 8224, a close over 8224 is friendly and augurs for a test of 8300

Support is at 5444 and 5430 to 5418 under that 5402 to 5394 provides some support...

Resistance is at 5461 and 5491 then 5504 and 5519.Day traders can sell at 5490, risk 35 pts.

Support is at 6659 and 6631 to 6629 and 6614, below that a test of 6591 to 6577 is likely BW Traders can buy at 6577 and Hold for higher prices.

Resistance is at 6673 and 6687 beyond that resistance is at 6707 and 6714 Day traders can sell at 6707, risk 30 pts. Beyond that sellers should appear near the 6741 to 6757 region

Nearby Support should appear near 1.6150 and 1.6126 then 1.6090. Under that support is at 1.6020 and 1.5936.

Resistance is at 1.6186. Beyond that sellers should appear near 1.6232 and 1.6286 then 1.6336.

Support should appear at 6830 to 6820. BW Traders can buy at 6820 for a bounce, risk a close under 6809 for three days in a row. Below that support is at 6780 and 6755 to 6741

Resistance is at 6854 then 6880 and the 6909 to 6919 region.

BW Traders can sell at 6920 a turn lower, risk a close over 6955 for three days in a row.

Support is at 274.6 and 271.9

Resistance is at 277.5 and 279.5 then 281 5.

Trade accordingly

Support is at 7170 then 7145 to 7120. Day traders can buy at 7145 and hold for higher prices Below that 7090 to 7075 should hold.

Resistance is at 7205 and 7240 to 7255. Beyond that a test of the 7325 to 7345 region is likely. BW Traders should go long if a close over 7345 occurs.

Support is at 357.2 and 356.5 /355 under that 353 offers support. BW Traders can buy at 353 and hold for higher prices.. Below that support is at 349 to 346

Resistance is at 359 to 360.2 A close over 358.90 is friendly and augurs for an eventual test of the 366.5 to 368 region.BW Traders should go long if a close over 358.90 occurs. .

On the DownSide: Support is at 534 Day traders can buy at 534 and hold for higher prices. Under that buyers should appear near 527 and 520 to 516. BW Traders should buy at 516 and risk a close under 512 for three day in a row. Under that support at 507 should hold.

On the Upside. Resistance is at 543.5 Beyond that resistance is at 551.5 and 558. A close over 552 augurs for an eventual test of 573 ...If it holds..

Support is at 1795 and the 1780 to 1771 region. Day traders can buy at 1774 and hold for higher prices. Below that support is at 1750 and the 1738 to 1730 region

Resistance is at 1808 to 1822 , a close over 1822 is friendly and augurs for a test of 1845 then 1858 to 1869.

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Support is near the 5212 to 5200 and 5130 Day traders can buy at 5130 risk 100 pts.

Resistance is at 5344 to 5356 and 5403

Support is at 4352 and 4315 to 4304 Under that Buyers should appear at 4275 and 4249 to 4238.

Resistance is at 4425 to 4446 and 4475

Support is at 467 and 462.

Resistance is at 471 1/4 and 475. A close over 471 1/4 is friendly

Support is at 480 1/4 then 475

Resistance is at 484 3/4 a close over 484 1/2 is friendly and augurs for a test of 488 to 489. BW Traders should go long if a close over 493 occurs.

Support is at 131.9 and 129.8 to 127.4 below that 125.5 should hold. BW Traders can buy at 127.40 and hold for higher prices. .

Resistance is at 133.4 to 134.60 and 135.60. Beyond that resistance is at 137.7

Resistance is at 1813 and 1822. A close over 1813 is friendly and augurs for a test of 1832 beyond that resistance is at 1858 to 1869

Support is at 219 and 216 1/2.

Resistance is at 224 beyond that sellers should appear near 226 3/4

Support is at 257 and 253 1/2

Resistance is at 263 3/4 and 267 1/2 to 268 3/4

On the Upside resistance is at 5817 to 5830, beyond that a touch of 5855 to 5880 is likely. A close over 5855 is friendly for an eventual test of 5927 then 6023 to 6035.

On the DownSide support is at 5762 then 5729 to 5717 and 5655. Hearty Day traders can buy at 5762 and hold for higher prices..

Support is at 488 and 481, day traders can buy at 488 , risk 30 pts. Below that support is at 471 to 468 and 463.

Resistance should appear at 493 Beyond that sellers should appear near 503

and 507 to 515.

On the DownSide, early support is at 107.10, Aggressive day traders can buy at 107.10 for a turn higher...Under that support is at 106.80 and the 105.80 region.

Day traders can buy at 105.80 , risk 140 pts. Under that support is at 103.60 and 103.20 ...Below that BW Traders can buy at 102.65 and hold for higher prices.

On the Upside, Resistance is at 108.10 to 108.30 .A close over 108.30 augurs for a test of 109.60 to 110.10 and 110.80 where resistance remains.. Beyond that sellers should appear near 113.00 to 113.60 and 114.50

Support is at 954 then 941 Under that 932 to 922 should hold.

Resistance is at 968 to 972 , a close over 972 augurs for a test of 1000.

Support is at 6192 and 6177 to 6165. Day traders can buy at 6177, risk 50 pts. Below that Support is at 6102 and 6072.

Support is at 5867 to 5852 below that support is at 5812 , a slip under augurs for a test of 5712 to 5697. BW Traders can buy at 5717 and hold for higher prices.

Resistance should appear at 5912. Beyond that resistance is near 5947 to 5957.Beyond that 6012 offers resistance.

Support is at 5967 and 5902, a close under augurs for a test of 5867.

Resistance is at 6022 to 6037 and 6067, day traders can at sell at 6022, risk 50 pts. . Beyond that resistance is at 6102 to 6112 and 6167

Support is at 5612. A slip under augurs for a test of mild support at 5577 to 5552 and the 5507 to 5492 region. Below that Buyers should appear near 5357.

BW Traders can buy at 5357, risk a close under 5257 for three days in a row.

Resistance is at 5637 to 5657, Hearty Day Traders can sell at 5637 and hold for lower prices.. Beyond that sellers should appear near 5717 to 5732 , day traders can sell at 5717 and hold...above that sellers should appear near 5807 and 5872.

On The DownSide nearby support is at 117-01 Below that buyers should appear near 116-22 and 116-00 where it should hold for a bit..

On the Upside: Resistance is at 117-17 and 118-00 A close over 117-17 is friendly.

June SP 500
On the DownSide , Early support is at 1334 and 1329. . Below that buyers should appear at 1324.50 to 1322. Below that support should appear near 1319.50 to 1317.40. Under that support is at 1312.80 and the 1310 to 1306 / 1304 region where it should hold.

Resistance is at 1340 to 1340.50, beyond that sellers should appear near 1346 and 1349.40. Day traders can sell at 1349.40 and hold for lower prices... Beyond that sellers should appear near 1356.50 and the 1359.10 to 1361.50 region.

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Resistance is at 10,960 to 10,985 and 11,010 beyond that sellers should appear near the 11,029 region. Beyond that resistance is at 11,072.