FuturesCom Investment Publications

FuturesCom Investment Publications

Dedicated to Excellence in Analysis of Futures Markets
Morning Comments (MC) Friday, August 27, 1999

Bonds.. SP500.. Forex.. Precious Metals.. Energies..Grains.. Livestock.. Softs

Featuring Bi-Weekly Investment Outlooks, Special Reports, Morning Comments and More

Experienced Since 1979 & Serving Professional and Individual Futures Traders World Wide since 1988

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Friday August 27, 1999
5:00 AM

On the Frenzied Forex Front

Sept. Japanese-Yen

Early Support is at 8974 to 8964 and 8934.a close under 8964 is negative and augurs for a test of 8901.

Nearby Resistance is at 9001 and 9022 Day traders can sell at 9022 and risk 60 pts. 9045 to 9060.. Beyond that resistance is at 9118 to 9134.

Sept. D-Mark

Support should appear at 5344 under that support should appear near 5310 and the 5282 to 5256 region.

Resistance is at 5356 and 5378 , day traders can sell at 5378 and risk 50 pts. Beyond that sellers should appear near 5418.

Sept. Swiss

Nearby Support is at 6509 to 6482 region. Below that 6430 to 6417 should hold BW traders can buy at 6430 for a bounce, risk a close under 6417 for two days in a row.

Resistance is at 6555 and 6577 to 6591. Beyond that sellers should appear near 6636 to 6645 and the 6659 to 6673 region. Day traders can sell at 6577 and risk 50 pts.

Sept. British Pound

Support should appear near 1.5836 and 1.5760 to 1.5690. Aggressive BW traders can buy at 1.5760 and hold. ..

Resistance is at 1.5960 and 1.6090 to 1.6120 Beyond that resistance should appear

near 1.6550.

Sept. Canadian Dollar

Support should appear the 6673 to 6659 region. Under that support is at 6629 to 6626.. where buyers should appear and stop the break..

Resistance is at 6707 a close over 6707 is friendly and augurs for a test of the 6741 to 6755 region..

Stay tuned for FuturesCom's Forex flashes

Precious Metals

Dec. Gold

Nearby Support is at 253.8 and 252.60.

Resistance is at 257, a close over 257 is friendly and augurs for an eventual test of 261

to 262.

Dec. Copper

Nearby Support is at 7555. Below that support is at 7435 and 7325

Aggressive BW traders can buy at 7345, risk a close under 7250 for two days in a row..

Nearby Resistance is near 7630 and 7720 to 7745 and 7835

Oct. Platinum

Support is at 348.5 and 346 .

Resistance is at 350.5 and 355.

Dec. Silver

On the DownSide nearby support is at 518 and 514 then 508 to 505. BW Traders can buy at 505 for a bounce. Risk a close under 491 for two days in a row.

On the Upside. Nearby resistance is at 521. A close over 521 is friendly and augurs for an eventual test of 531

Trade Accordingly and Stay tuned for Flashes...

The Exciting Energies

Oct. Crude

Nearby Support is at to 2088 to 2080 and 2062 Below that support is at 2042 to 2034 and 1996 to 1982 and the 1953 to 1946 region which should contain a decline for a bit . BW Traders can buy at 1953 and risk a close under 1946 for three days in a row

Resistance is at 2098 and 2111 Beyond that a test of 2126 is likely.

Oct. Unleaded Gas

Support is at 6197 and 6136 then 6040 to 6013..

Resistance should appear near 6257 to 6270 and 6397

Oct. Heating Oil

Nearby Support is at 5504 and the 5430 to 5418 region. BW Traders can buy at 5430 , risk a close under 5418. Below that support is at 5282 to 5259 and the 5211 to 5200 region. Aggressive BW traders can buy at 5211 and hold for higher prices.. Below that 5159 to 5127 should hold..

Resistance is at 5657 and 5735 Beyond that sellers should appear near 5797 to 5805

Trade Accordingly.

The Grand Grains

November Beans

Nearby Resistance is at 471 and 474 3/4 beyond that resistance is at.. A close 475 is friendly and augurs for a test of 485.

Nearby Support is at 463 1/4 and 457.

Dec. Soybean Meal

Resistance is at 142.7 and 144.1 A close over 144.1 is friendly and augurs for a test of 148.3.

Support is near 140.4 and 139.3

Dec. SoyBean Oil

Resistance is at 1731 to 1738 beyond that a test of the 1774 to 1780 region is likely.

Support is at 1696 to 1689 Day traders can buy at 1698 and hold for higher prices Below that support is at 1678 and the 1655 region.

Trade Accordingly and Stay tuned

Dec. Corn

Resistance is at 216 and 218 then 220 3/4.

Support is at 214 to 213, BW traders can buy at 213 and risk a close under 207 1/2 for three days in a row

Dec. Wheat

Resistance is at 286 1/2 and 293

Support is at 280 3/4 below that support is at 274 3/4

The Satisfying Softs

Dec. Cotton

On the DownSide support is near the 5200 and 5157. Below that support is at 5127

On the Upside Nearby Resistance is at 5229 and 5257 a close over 5257 is friendly and augurs for a eventual test of 5357 and 5510 .

Oct. Sugar

Nearby Support is at 601 and 591 then 586 to 581 where it should hold..

BW Traders can buy at 583 and risk a close under 568 for three days in a row.

Resistance should appear at 610 to 614 and the 630 to 634 region.

Trade Accordingly.

Dec. 'The Monster' Coffee

On the Upside, Resistance is at 9260 and 9315 to 9340. beyond that sellers should appear near 9445 to 9460 and the 9545 to 9560 region.. a close over 9565 is friendly

On the DownSide, support is at 9155 to 9140 and 9100 Day traders can buy at 9100 and hold for higher prices... Under that support is at 9060 to 9045 and 8954 to 8935.

Stay tuned...

Dec. Cocoa

Support is at 907 and 899 to 891 ..

Resistance is at 912 and 922 then 927

The Lively Livestock

Oct. Cattle

Support is at 6615 and 6580, day traders can buy at 6582 and risk 50 pts. Below that support is at 6507 and 6492.

Resistance is at 6657 and 6727 , day traders can sell at 6727 for a quick turn lower, risk 50 pts.

Oct. Hogs
Support is at 4467 . day traders can buy at 4462 and risk 70 pts. Below that support is at 4362 and 4317.

Resistance is at 4517 and 4562 beyond that resistance is at 4662 .Day traders can sell at 4662 for a quick turn lower, risk 50 pts.

Stay Tuned for Hog and Belly Flashes.

The Sensational Stock and Bond Markets

Dec. Bonds

On The DownSide nearby support is at 115-31 to 115-29 under that support is at

115-23 and 115-05

On the Upside Nearby Resistance is at 116-10 and 116-27 to 116-30

Sept. SP 500

On the DownSide Nearby Support is at 1361.50 to 1358.60 Day traders who have ice Water running through their veins can buy at 1358.70 and hold for higher prices. Below that support is at 1352 then 1346

Nearby Resistance is at 1374 to 1377 Beyond that sellers should appear near 1380 and 1383

Stay tuned for Flashes!

Dow Jones Industrial Avg.
Support is at 11.155 and 11,087 then 11,010 to 10,960

Resistance should appear near the 11,225 and 11,300 to 11,330 and 11,360.

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

Happy Trading

Bill

Thur Aug. 26 1999
6:15 AM

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.

MC recommended Open Pos. NONE

BW recommended Open Pos.

Long Dec. Gold at 261.2

Long 2 Dec. Cotton at 5308

Long Dec. Bean Oil at 1703

Short Sept. Yen at 8723

Long Dec. Coffee at 9750

Long Dec. Silver at 525 avg.

Long Sept. British Pounds at 1.5936
Long Oct. Crude at 2088

FuturesCom is Not Responsible for Transmission Errors and Omissions.