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The Bill Chippas Show
FuturesCom Investment Publications
Morning Comments Monday June 26th 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
Observation. Experience, memory and mathematics--These are what a successful trader must depend on. A man can have great mathematical ability and unusual power of accurate observation and yet fail in speculation unless he also Possesses the experience and memory. -Reminiscences of a Stock operator-
Sunday June 25th 2006
10:30 AM South Florida Beach Time
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Support is at 10.960.00 and the 10,820.00 region
Resistance should appear near 11,010.00 and 11,155.00.
Sept SP500
Support is at 1253.00 and the 1238.00 to 1232.00 region. ..
Resistance should appear near 1268.00 to 1274.00
NASDAQ Composite
Support should appear near 2089.00 to 2080
Resistance remains near 2126.00 to 2134.00
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 691.90 to 690.60 and 683.60 to 680.90
Resistance should appear near 699.00 to 700.30 and 707.40 to 708.80
Sept 10 Year T-Note
Resistance should appear near 104-07 and 104-21
Support is at 103-21 and 103-07
Sept 30 Year T-Bond
Resistance should appear near 106-07 and 106-21
Support should appear near 105-21 and 105-07
The Frenzied Forex Front
Sept Yen
Resistance should appear near 8762 to 8777 and 8817
Support should appear near 8683 to 8668 and the 8589 to 8560 region
Sept Euro Currency (EC)
Recommended Open Position Short at 12697
Support should appear at 12530 and 12380 to 12320
Resistance should appear near 12605 and 12680 to 12740
Sept Swiss Franc
Recommended Open Position Short 2 at 8191
Resistance should appear near 8119 to 8134 and 8164
Support should appear near 8044 to 8029 and the 7954 to 7939 region
Sept British Pound
Support should appear near 18220 to 18080
Resistance should appear near 18400 and 18580 to 18650
Sept Canadian Dollar
Resistance should appear near 8934 to 8964 and 9004
Support is at 8871 to 8856 and 8777 to 8762
Sept Aussie Dollar
Support should appear near 7255 to 7242
Resistance should appear near 7328 to 7342
Precious Metals
August Gold
Resistance should appear at 588 then 594.5 to 595.7 and 602.3 to 603.5
Beyond that 610.1 to 611.3 should cap a rally..
Support is at 580.5 to 579.2 then 572.9 to 571.6 and the 565.3 to 564.0 region.. which should contain a decline
July Copper
Resistance should appear near 32610 to 32700 and 33770to 33860
Support should appear near 30450 to 30360 and 28830 to 28740.
July Silver
Resistance should appear near 1032.0 to 1036.0 and 1058.0 to 1068.0
Support is at 1005.0 to 1000 and 993.5 to 992.0
The Exciting Energies
August Crude Oil
Resistance should appear near 7088 and 7143 to 7170
Support should appear near 7003 to 6990 and 6919 to 6906 ..
August Unleaded Gas
Resistance should appear near 21260 to 21340 and 21700 to 21850
Support should appear near 20420 to 20340 and 19960 to 19820
August Heating Oil
Support should appear near 19090 to 19020 and 18650 to 18580
Resistance should appear near 20340 to 20420 and 20800 to 20880
The Lively Livestock
August Cattle
Support should appear near the 8407 to 8392 and 8300 to 8317.
Resistance is at 8482 to 8502 and 8557 to 8592
August Hogs
Support is at 6922 to 6907 and 6837 to 6807.. Below that 6757 to 6742 should contain a decline
Resistance should appear 7072 to 7087 and 7142 to 7172..Above that 7242 to 7257 should cap a rally
July Hogs
Recommended open position short 7 at 6497
August Pork Bellies
Resistance 9317 to 9347 and 9427 to 9447
Support is at 9157 to 9137 and 9062 to 9042
The Grande’ Grains
August Soybeans
Recommended open position long at 596 1/4
Resistance at 594 3/4 to 595 4/5 and 602 1/4 to 603 1/2 .. beyond that 610 1/4 to 611 1/4 should cap a rally
Support should appear near 585 1/2 and 580 1/2 to 579 1/4 .. below that 572 3/4 to 571 3/4 should contain a decline
August Soymeal
Recommended open position Long 2 at 178.9
Resistance should appear near 180.8 to 182.2 and the 185.8 to 186.5 region
Support should appear near 177.4. Below that buyers should appear near 173.8 to 173.1
August Soybean Oil
Recommended open position Long at 2521
Resistance should appear near the 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
Resistance should appear near 261 1/4 to 262
Support is at 251 3/4 to 251 1/4
Dec Wheat
Recommended open position Long at 418 3/4
Resistance should appear near 411 to 412 and 416 1/4 to 418 1/4
Support should appear near 399 1/4 to 398 1/4 and 392 3/4 to 390 3/4
The Satisfying Softs
Sept ‘The Monster ' Coffee
Support should appear near 9545 to 9525 and the 9345 to 9315 region..
Resistance should appear near 9705 to 9735 and 9820 to 9835
Sept Cocoa
Support is at 1496 to 1484
Resistance should appear near 1569 to 1576
Oct Sugar
Resistance should appear near 1609 to 1615 and 1642 to 1655
Support should appear near 1576 to 1569 and 1535 to 1529
Dec Cotton.
Recommended open position long at 5510
Support should appear near 5355 to 5345 and 5280 to 5255
Resistance should appear near 5415 to 5430 and 5490 to 5505
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 25th 2006
11:30 AM South Florida Beach Time
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THIS PUBLICATION IS SUBJECT TO REVISIONS AND 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 ARE 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.