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The Bill Chippas Show
FuturesCom Investment Publications
Morning Comments Monday June 12th 2006
Serving Professional and Individual Traders World Wide since 1979
1650 SW Malmo Rd , Port St. Lucie , Florida 34953 - USA and Canada Toll Free : 1-866-409-3890 - Intl : 1- 772-621-4234 http://www.futurescom.com
Sunday June 11th 2006
2:00 AM South Florida Beach Time
Among the hazards of speculation the happening of the unexpected -I might even say the unexpectable - ranks high.
There are certain chances that the most prudent man is justified in taking - chances that he must take if he wishes
to be more than a mercantile mollusk" -- Reminiscences of a Stock operator--
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Support at 10,820.00.. below that support should appear near the 10680.00 to 10580.00 region
Resistance remains near 10960.00 to 11,010.00.. beyond that sellers should appear near 11,155.0
Sept SP500
Support is at 1253.00 and the 1238.00 to 1232.00 region , which should contain a decline
Resistance should appear near 1268.00 to 1274.00.. beyond that sellers should appear near 1289.00.
NASDAQ Composite
Support should appear near 2134.00 to 2126.00.
Resistance should appear near 2170.00 to 2185.00
Sept Mini Nasdaq 100
Resistance should appear near 1569.00 to 1576.00 and 1592.50
Support should appear near 1552.00 and 1535.00 to 1529.00.
Sept Mini Russell 2000
Support is at 700.30 to 699.00 and 691.90 to 690.60
Resistance should appear near 707.40 to 708.80 and 714.30 to 717.0.
Sept 10 Year T-Note
Resistance should appear near 106-07 and 106-21
Support is at 105-21 and 105 -07
Sept 30 Year T-Bond
Resistance should appear near 108-07 and 108-21
Support is at 107-21 and 107-07
The Frenzied Forex Front
Sept Yen
Resistance should appear near 8934 to 8964
Support should appear near 8871 to 8856.. A slip under augurs for a test of 8777 to 8762 ...Which now appears
more likely than not to occur..
Trade Accordingly
Sept Euro Currency (EC)
Recommended Open Position Short at 12697
Support should appear at 12680 and 12530
Resistance should appear near 12740 and 12815
Sept Swiss Franc
Resistance should appear near 8223 and 8300 to 8314
Support should appear near 8134 to 8119
Sept British Pound
Support should appear near 18220 to 18080
Resistance should appear near 18580 to 18650
Sept Canadian Dollar
Resistance should appear near 9140 to 9156 which should cap a rally
Support is at 9060 to 9044 and 8964 to 8934
Sept Aussie Dollar
Support should appear near 7428 to 7414
Resistance should appear near 7486 to 7513.
Precious Metals
August Gold
Resistance should appear at 616.5 to 619.0 and 625.7 to 627.0
Support is at 603.5 to 602.3 and 595.7 to 594.7.. below that a test of 588 to 585.5 is likely.
July Copper
Resistance should appear near 33770 to 33860 and 342.5 to 344.3
Support should appear near 310.20 to 309.20 and the 29370 to 29280 region
July Silver
Resistance should appear near 1130.0 to 1136.0 and 1150.0
Support is at 1101.0 to 1096.0 and 1068.0 to 1058.0
The Exciting Energies
July Crude Oil
Resistance should appear near 7242 to 7255 and the 7328 to 7342 region.
Support Should appear near 7088 to 7074 and the 7003 to 6990 region.
July Unleaded Gas
Resistance should appear near 21700 to 21850 and 22670 to 22750
Support should appear near 20430 to 20340 and 19960 to 19820
July Heating Oil
Support should appear near 19960 to 19820 and 19090 to 19020
Resistance should appear near 20800 to 20890 and 21260 to 21340
The Lively Livestock
August Cattle
Resistance should appear near the 7937 to 7957 and 8027 to 8047
Support is at 7777 to 7762 7517 to 7487.
July Hogs
Recommended open position short 7 at 6497
Support is at 6922 to 6907 and 6837 to 6807
Resistance should appear 7072 to 7087 and 7142 to 7172
July Pork Bellies
Resistance should appear near 8762 to 8777 and 8857 top 8872
Support is at 8682 to 8667 and the 85923 to 8562 region
The Grande’ Grains
August Soybeans
Recommended open position Long at 596 1/4
Resistance at 594 1/2 to 595 3/4 and 602 1/4 to 603 1/2
Support should appear near 588 to 585 1/2 and 580 1/2 to 579 1/4
August Soymeal
Recommended open position long at 178.0
Resistance should appear near 180.8 to 182.2 and 185.8 to 186.5
Support should appear near 177.4.and the 173.8 to 173.1 region .
August Soybean Oil
Recommended open position Long at 2521
Resistance should appear near 2511 to 2519 and 2558 to 2568
Support should appear near 2469 to 2461 and 2419 to 2411
Dec Corn
Recommended Open position Long 2 at 272 3/4 avg
Resistance should appear near 271 3/4 to 272 1/2... A close over is friendly and augurs for a test of 275 3/4 to 277 1/2
Support is at 267 1/4 to 266 1/4 and 262 to 261 1/4 ..
Dec Wheat
Recommended open position Long at 418 3/4
Resistance should appear near 411 to 412 and 423 3/4 to 424 3/4 ..
Support should appear near 404 3/4 and 392 3/4 to 390 3/4
The Satisfying Softs
Sept ‘The Monster ' Coffee
Support should appear near 9735 to 9705 and 9640 to 9625
Resistance should appear near 9920 to 9935 and 10020 to 10035
Sept Cocoa
Support is at 1496 to 1484 and 1421 to 1415 ..
Resistance should appear near 1529 to 1535 and 1569 to 1576,
Oct Sugar
Resistance should appear near 1569 to 1576 and the 1609 to 1615 region .
Support should appear near 1535 to 1529 and the 1496 to 1484 region
Dec Cotton.
Support should appear near 5805 to 5790 and 5730 to 5715..
Resistance should appear near 5855 to 5880 and the 6025 to 6040 region.
A Ship in Harbor is Safe...But that is not what ships are built for -
Traders should stay tuned for additional commentary and recommendations
for all markets via Updates and Flashes..
Happy Trading !
Bill wil@futurescom.com
1-866-409-3890
Sunday June 11th 2006
3:00 AM South Florida Beach Time
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