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The Bill Chippas Show
FuturesCom Investment Publications
Morning Comments Wed July 5th 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
Monday July 3rd 2006
10:00 PM South Florida Beach Time
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Support is at 11,155.00 . A slip under augur for a test of 11,010.00 to 10,980.00 .
Resistance remains near 11,300.00 to 11,360.00.. Beyond that sellers should appear near 11,500.00
Trade Accordingly
Sept SP500
Support is at 1274.00 to 1268.00 and the 1238.00 to 1232.00 region.
Resistance should appear near 1289.00 and the 1304.00 to 1310.00 region
NASDAQ Composite
Support should appear near 2185.00 to 2170.
Resistance should appear near the 2219 to 2226 region .
Sept Mini Nasdaq 100
Resistance should appear near 1609 to 1615.. Beyond that 1642 to 1655 should cap a rally..
Support should appear near 1576 to 1569 a close under augurs for a test of 1535.00 to 1529.00.
Sept Mini Russell 2000
Support is at 734.20 to 732.80 and 717.0 to 714.30
near 683.60 to 680.90
Resistance should appear near 741.40 to 742.80 region.. Beyond that sellers should appear near the 748.60 to 751.30 region, which should cap a rally..
Trade Accordingly
Sept 10 Year T-Note
Resistance should appear near 105-07 beyond that sellers should appear near 106 -07 and 106-27
Support is at 104-21 and the 104-07 .. below that a trade towards 103-21 and 103-07 is likely to occur..
Sept 30 Year T-Bond
Resistance should appear near 106-21 and 107-07.
Support is at 106-07 , failure to maintain a posture over augurs for a test of 105-21
The Frenzied Forex Front
Sept Yen
Recommended open position Short at 8809
Resistance should appear near 8856 to 8871 BW Traders can sell at 8856 for a turn lower and hold for lower prices..
Support should appear near 8777 to 8762 , a close under augurs for a test of 8683 to 8668.
Sept Euro Currency (EC)
Recommended Open Position Short 2 at 12648
Support should appear at 12815, a slip or close under augurs for a test of 12740 to 12680.
Resistance should appear near 12890 and should cap an early rally .. Beyond that sellers should appear near 12962 and the 13040 to 13100 region. .
Sept Swiss Franc
Recommended Open Position Short 4 at 8162
Resistance should appear near 8300 to 8314
Support should appear near 8194 and 8134 to 8119
Sept British Pound
Support should appear near 18400 , a close under is negative and augurs for a test of 18220 to 18080
Resistance should appear near 18580 to 18650.
BW Traders can sell at 18570 for a turn lower and hold for lower prices
Sept Canadian Dollar
Resistance should appear near 9044 to 9060 and the 9140 to 9856 region , which should cap a rally.
BW Traders can sell at 9043 and hold for lower prices
Support is at 8871 to 8856. A slip under augurs for a test of 8777 to 8762
BW Traders should go short if a close under 8931 occurs
Sept Aussie Dollar
Support should appear near 7414 and 7342 to 7328..failure of this level augurs for a test of 7170 to 7143
Resistance should appear near 7487 to 7501 BW Traders can sell at 7486 for a turn lower and hold for lower prices..
BW Traders should go short if a close under 7411 occurs.
Precious Metals
August Gold
Resistance should appear at 633.7 to 635 and 641.7 to 643.0
Support is at 619.0 to 616.5 and 611.3 to 610.1
Sept Copper
Resistance should appear near 33770 to 33860 and the 34250 to 34430 region .
Beyond that 35530 to 35630 should bring out sellers
Support should appear near 310.20 to 309.20 and 30450 to 30360 …Below that a test of 288.30 to 287.40 is likely.
Sept Silver
Resistance should appear near 1130.0 top 1136.0 and the 11.64.0 to 1169.0 region
Support is at 1101.0 to 1096.0,a close under augurs for a test of 1068.0 to 1058.0 and eventually the 1013.5 to 1010.4 .region
The Exciting Energies
August Crude oil
Resistance should appear near 7486 to 7513 and the 7587 to 7601 region .
Support should appear near 7342 to 7328, a close under is negative and augurs for a test of
7170 to 7143 Trade accordingly
August Unleaded gas
Resistance should appear near 2122670 to 22750 and 23150 to 23220 . Beyond that 23540 to 23700 should cap a rally.
Support should appear near 21850 to 21700. a close under is negative and augurs for a test of 20880 to 20800 eventually the 20420 to 20340 region
August Heating Oil
Support should appear near 19969 to 19829 and 19090 to 19020 region . Below that an eventual trade towards 17380 to 17310 is likely to occur..
Resistance should appear near 20340 to 20420 and the 21260 to 21340 region.
Which should cap a rally..
The Lively Livestock
August Cattle
Support should appear near the 8587 to 8557 and 8502 to 8487, a close under augurs for a test of 8300 to 8317
Resistance is at 8667 to 8682 region. Beyond that 8762 to 8777 should cap a rally.
August Hogs
Recommended open position short 4 at 7037
Support is at 7002 to 6992 , a close under is negative and augurs for a test of 6837 to 6807
Resistance should appear 7087 and 7142 to 7172…Beyond that sellers should appear near 7242 to 7257 and cap a rally.
Oct Hogs
Support is at 6192 to 6162 and 6037 to 6022
Resistance should appear 6257 to 6272 and 6337 to 6352 .
July Hogs
Recommended open position short 5 at 6497
August Pork Bellies
Resistance should appear near 9427 to 9447 and 9527 to 9542
Support is at 9347 to 9317 , a close under augurs for a test of 9157 to 9137
The Grande’ Grains
August Soybeans
Recommended open position long at 596 1/4
Resistance at 616 ½ to 619 and 625 ¾ to 627
Support should appear near 603 ½ to 602 ¼ and 595 ¾ to 594 ½..
August Soymeal
Recommended open position Long 2 at 178.9
Resistance should appear near 180.8 to 182.2 and 185.6 to 186.5
Support should appear near 177.4 and 175.6. Below that buyers should appear near 173. to 173.10
August Soybean Oil
Recommended open position Long at 2521
Resistance should appear near 2716 to 2724 and the 2820 to 2829 region.
Support should appear near 2620 to 2612 and 2519 to 2511 .
Dec Corn
Recommended open position Long 2 at 272 ¾ avg
Resistance should appear near 275 1/4 to 277 1/2 .
Support is at 267 1/4 to 266 1/4 .
Dec Wheat
Recommended open position Long at 418 3/4
Resistance should appear near 430 1/2 to 431 1/2 and the 442 1/2 to 444 3/4 region.
Support should appear near 418 1/4 to 416 1/4 and 412 to 411 ..
Trade Accordingly
The Satisfying Softs
Sept ‘The Monster ' Coffee
Support should appear near 10135 to 10105 and 10035 to 10020.
Resistance should appear near 10360 , a close over is friendly and augurs for a test 10580 to 10680.. Which should cap a rally.
Sept Cocoa
Support is at 1655 to 1642 .
Resistance should appear near the 1689 to 1696 region..
Trade Accordingly
Oct Sugar
Resistance should appear near 1731 to 1738
Support should appear near 1655 to 1642
Dec Cotton
Recommended open position Long at 5510
Support should appear near 5285 to 5255 and 5210 to 5200
Resistance should appear near 5415 to 5430 and 5490 to 5505
Trade Accordingly
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
Monday July 3rd 2006
11:00 PM 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.