FuturesCom Investment Publications
Morning Comments (MC) June 14, 1999
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Monday June 14, 1999

04:00 AM

On the Frenzied Forex Front

Sept. Japanese-Yen

Nearby Support is at 8406 to  8391 and the 8314 to 8300 region. Under that buyers should appear near 8223.

Resistance is at 8461 and 8484 to 8499 then 8528.

Resistance is at near the 5418 and 5430 region. Day Traders can sell at 5430, risk 35 pts. Beyond that resistance should appear near the 5491 to 5504 region.

Support is at is at 5356 then 5344. Below that buyers should appear near the 5287 region where it should hold for a bit. BW Traders can buy at 5282 and Hold for higher prices.

Resistance is at 6655 and the 6673 to 6687 region. Beyond that resistance is

at 6707.

Support is at 6605 then 6591 to 6577. Under that support is at 6556.

Support should appear near 1.6150 and 1.6090 then 1.6026.

Resistance is at 1.6228 and 1.6286

Support should appear at 6836 and 6821 under that buyers should appear near 6808.

Resistance is at 6871. A close over 6871 is friendly and augurs for a test of the 6906 to 6919 region. Beyond that test of 6990 to 7003 is likely.

Support is at 260.7 and 259.9, day traders can buy at 259.9. risk $3.00

Resistance is at 263.9 and 268.

Support is at 6375. Under that support should appear near the 6295.

Resistance is at the 6445. Beyond that resistance is at 6535 and the 6565 to 6585 region.

Support is at 363 and 359.5, day traders can buy at 359.5, risk $ 4.00

Resistance is at 366, Beyond that resistance is at 370.0, a close over 371.5 is  friendly and augurs for a test of the 374 and 377.

BW Traders should go long if a close over 371.5 occurs.

On the DownSide: support is at 507 and 501.5. Day traders can buy at 501.5 risk 7 cents. Under that BW traders should buy at 488.5 and risk a close under 485 three days in a row.

On the Upside. Nearby resistance is at 515 and 5178 beyond that sellers should  appear near 523.

Support is at 1832 to 1822, Day traders can buy at 1822, risk 25 pts.

Resistance is at 1852 and 1877 to 1882.

Support is at 5275.. Below that buyers should appear near 5255. Day traders can buy at 5262, risk 100 pts.

Resistance should appear at 5344 to 5356 and 5418 to 5430 then 5455

Support is at 4437 and 4381 to 4370 then 4332.

Resistance is at 4532 and 4571 to 4582. Where BW traders can sell at 4570 for a turn lower, risk a close over 4582 for three days in a row.

Support is at 464 3/4 and 462. Under that BW Traders can buy at 459, risk a close under 457 1/4 for two days in a row. Below that support is at 456 and 450

Resistance is at 467 1/2 and 472. A close over 472 is friendly and augurs for a test of 484 to 488 BW Traders should go long if a close over 472 occurs..

Support is at 474 1/4, day traders can buy at 474 1/2, risk 5 cents.

Resistance is at 482 3/4 Beyond that sellers should appear near 488 1/4 to 489.

BW Traders can go long if a close over 485 3/4 occurs.

Support is at 134.60 to 133.6, BW traders can buy at 133.6 risk a close under 132.20 for two days in a row.

Resistance is at 137.10 and 138.60.

Resistance is at 1731 to 1738 then 1757. Beyond that sellers should

appear near 1774 to 1780.

BW Traders should go long g if a close over 1731 occurs.

Support is at 230 1/4 and 229. Below that 226 to 224 should contain a decline.

Resistance is at 233 and 234 1/2 to 235 1/2 where good sellers should appear..

Beyond that resistance is at 240.

Support is at 267 1/2 to 265 3/4 Below that BW Traders can buy at 262 1/4 and hold for higher prices.

Resistance is at 272 1/4 to 273 1/2.. A close over 272 1/2 is friendly and augurs for a test of 279 3/4 to 282 1/2.

BW Traders should go long if a close over 272 1/2 occurs.

On the Upside resistance is at 5635 to 5690.

On the DownSide support is at 5585 to 5555 offers support as does the

5504 to 5492 region.

Support is at 568 and 563 to 559 then 555. Day traders can buy at 563, risk 15 pts.

Resistance should appear at 582 to 588. A close over 588 is friendly and augurs for a test of 595 and eventually 601 to 609...

On the DownSide, early support is at 106.80 and 106.10 then 105.80. Below that

support is at 104.90 then 103.60 to 103.20

On the Upside, Resistance is at 108.55 and the 109.60 to 110.10 region beyond that a test of 111.10 is likely.

Support is at 1101 to 1096 and 1083. Below that buyers should appear near the 1068 to 1058 region. Under that BW Traders can buy at 1034 and hold for higher prices.

Resistance is at 1130 to 1136 region. Beyond that sellers should appear near the 1164 to 1169 region and 1183.

Support is at 6482 and 6462 then 6437 and 6392.

Day traders can sell at 6537, risk 50 pts.

Resistance is at 5417 to 5427 and Beyond that resistance remains near the 5492 to 5502 region.

Support is at 4672 then 4532 to 4522.

Nearby Resistance is at 4772 to 4782 and 4822 to 4832.

On The DownSide support is at 113-23 then 113-14 and 112-31.

On the Upside: Resistance is at 114-13 to 114-15 and 114-21 then 115-02/ 115-05.

On the DownSide support is near 1310 and then 1307.60 and 1307 to 1304

region Below that buyers should appear at 1294.20 and 1291.60

Resistance is at 1322 to 1323.60 and 1326.20. A close over 1322 is friendly and augurs for a test of 1334 to 1335.10. Beyond that resistance is at 1340 then 1346.

Resistance is at 10,510 and 10,580,. a close or extended trade over 10,580 is friendly and augurs for a test of 10,640 to 10,680.. .