Some Markets close early today and alkl mkts are closed on Monday.

Expect the mkts, to be thin as traders leave early for the Holiday.

Friday May 28, 1999

06:00 AM

On the Frenzied Forex Front

June Japanese-Yen

Nearby Support is near 8255 and 8234 to 8194.

Resistance is at 8300 to 8314. Then 8391 to 8406 and 8428. BW Traders can sell at 8428 for a turn lower. Risk a close over 8454 for three days in a row.

Resistance is at 5418 to 5430.

Support is at is at 5345 and 5305 and 5282 to 5259.

Resistance is at 6596. Beyond that resistance is at 6608 and 6629..

Support is at Under that support is at 6543 and 6529 to 6509.. BW Traders scan buy at 6509, risk a close under 6482 for three days in a row...Under that 6430 to 6417 should hold...

Nearby support should appear near 1.5920 to 1.5878, A close under 1.5920 augurs for a test of 1.5760, BW traders can buy at 1.5762 and risk a close under 1.569 for three days in a row.

Resistance is at 1.6046 and 1.6090. Beyond that resistance is at 1.6150 and 1.6252 BW Traders can sell at 1.6284 and hold.

Support should appear at 6755 and 6741.

Resistance is at 6809 then 6836 and 6872.

Support is at 267.5 to 266.1 and 265.

Resistance is at 274.4 and 275.50

Trade accordingly

Support is at 6190 and 6066 to 6030

Resistance is at 6305 and 6375 then 6480

Support is at 363 and 358 to 356.5

Resistance is at 369 to 371. Beyond that a test of 380 is not out of the question...i

f it holds...

On the DownSide: support is at 492.5 to 491.5 where it should hold.

On the Upside. Resistance is at 497 then 505 and 510. to 511 a close over 512 augurs for a test of 522 to 525.

Support is at 1703 to 1696 and 1689 where good support remains. Below that support is at 1656 to 1643...then 1615 If perhaps a decline towards the 1615 to 1609 region..BW traders should consider it a buying chance and go long at 1615 and Hold...

Resistance is at 1738 and 1756, a close over 1738 augurs for a test of the 1774 to 1780 region. Beyond that sellers should appear near 1808 to 1822. BW Traders can go short at 1808 and risk a close over 1822 for three days in a row...

Support is at 4980 and 4855 to 4845 and the 4800 to 4770 region..

Resistance should appear near 5035 then 5155 to 5180 and 5112 A close over 5212 is friendly and augurs for a test of 5259 to 5282 and eventually 5344 to 5356. Where good sellers should appear...

Support is at 4056 to 4046. below that 3940 to 3905 should hold..

BW Traders can buy at 3930 and hold for higher prices..

Resistance is at 4163 to 4183, a close over 4183 augurs for a test of 4230 and 4370 to 4381. Beyond that good sellers should appear at 4550. Where BW traders can sell at 4570 for a turn lower, risk a close over 4582 for three days in a row.

BW Traders should go long if a close over 4183 occurs..

Support is at 453 then 451 1/2 and 448 to 442 and should contain the decline.

Resistance is at 461, a close over augurs for a test of 467 to 469. Beyond that resistance is at 472 to 476...

Support is at 463 3/4 to 462 under that support is at 452

Resistance is at 475

Support is at 127.80 and 126.40

Resistance is at 130.30 and 132.4 then 133.60.

Resistance is at 1808 to 1822 beyond that resistance is at 1858 to 1865 and 1902 to 1909. BW Traders should go long g if a close over 1774 occurs.

Support is at near 214 then 208.

Resistance is at 219 and 221

Support is at 246 and 237 3/4

BW Traders can buy at 237 3/4 and hold..

Resistance is at 252. A close over 252 is friendly and augurs for a test of 261.

BW Traders should go long if a close over 255 1/2 occurs..

On the Upside resistance is at 5780 and the 5855 to 5880.region

On the DownSide support is at 5655 to 5640 then 5580 .

Near by support is near the 471 to 468 region. Under that buyers should appear near 449 to 446.

Resistance should appear at 485 and 490 to 493, a close over 485 is friendly

BW Traders should go long if a close over 493 occurs..

On the DownSide, early support is at 121.90 and 121.30 , below that the 120.30 to 119.20 region should hold. Under that support is at 118.05 and 116.80

On the Upside, Resistance is at 125.50 to 125.85 and 126.90 BW Traders can sell at 126.80 and hold. . Above that resistance is at 127.40 and 130.40 to 131.00.

Support is at 852 to 847

Resistance is at 883 and 912.

Support is at 6202 to 6167 and 6112

Support is at 5167 to 5147 then 5082 to 5052 ..

Resistance should appear near the 5267 and 5302

Support is at 5252 and 5202 Below that support is at 5182. And 5112

Nearby Resistance is at 5372 then 5027 and 5492 to 5507. beyond that sellers should appear near 5522 and 5537. BW Traders can sell at 5537 and hold for lower prices

On The DownSide support is at 117-06, failure there augurs for a test of 116-21 where it should hold for a bit. BW Traders can buy at 116-21 for a turn higher, Risk a close under 116-12 for three days in a row.

On the Upside: Resistance is at 118-07 and 118-14 A close over 118-14 is friendly and augurs for a test of 119-09 and 120-07 to 120-17

June SP 500
On the DownSide, Early support is at 1281 and 1274 and 1268

Resistance is at 1289 then 1291 to 1293 a close over 1293 is friendly and augurs for a test of 1304 to 1310 and 1315. Above that resistance is at 1322 to 1325.30.

Resistance is at 10,530 and 10,580 , a close over 10,580 augurs for a test of 10,680

Short June Swiss Franc at 6624 
Long August Gold at 272.30