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The Bill Chippas Show
FuturesCom Investment Publications
Morning Comments Thursday July 6th 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
Wed July 5th 2006
2:00 PM South Florida Beach Time
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Support is at 11,010.00 to 10,980.00
Resistance remains near 11,300.00 to 11,360.00
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 2134.00 to 2126.00
Resistance should appear near 2170.00 to 2185.00.
Sept Mini Nasdaq 100
Resistance should appear near 1576.00 and 1592.5
Support should appear near 1552.00 and 1535.00 to 1529.00.
Sept Mini Russell 2000
Support is at 717.0 to 714.30 and 700.30 to 699.00
Resistance should appear near 732.80 to 734.20 and 741.40 to 742.80 region
Sept 10 Year T-Note
Resistance should appear near 104-21 beyond that sellers should appear near 105 -07
Support is at 103-21 and 103-07 ..
Sept 30 Year T-Bond
Resistance should appear near 106-07 and 106-21
Support is at 106-07 , failure to maintain a posture over augurs for a test of 105-21 and 105-07
The Frenzied Forex Front
Sept Yen
Recommended open position Short at 8809
Resistance should appear near 87762 to 8777 and 8856 to 8871 BW Traders can sell at 8856 for a turn lower and hold for lower prices..
Support should appear near 8683 to 8668 and the 8589 to 8560 region
Sept Euro Currency (EC)
Recommended Open Position Short 2 at 12648
Support should appear at 12740 to 12680
Resistance should appear near 12815 and 12890.
Sept Swiss Franc
Recommended Open Position Short 4 at 8162
Resistance should appear near 8194 to 8223
Support should 8134 to 8119
Sept British Pound
Support should appear near 18220 to 18080
Resistance should appear near 18400 and 18580 to 18650.
BW Traders can sell at 18570 for a turn lower and hold for lower prices
Sept Canadian Dollar
Recommended open position Short at 9043
Resistance should appear near 9044 to 9060
Support is at 8964 to 8934 and 8871 to 8856.
BW Traders should go short if a close under 8931 occurs
Sept Aussie Dollar
Recommended open position short at 7411
Support should appear near 7342 to 7328..failure of this level augurs for a test of 7170 to 7143
Resistance should appear near 7414 to 7428 and 7487 to 7501BW Traders can sell at 7486 for a turn lower and hold for lower prices..
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 34250 to 34430 and 34930 to 35030 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 1164.0 to 1169.0
Support is at 1101.0 to 1096.0
The Exciting Energies
August Crude oil
Resistance should appear near 7587 to 7601 and 7675 to 7689 .
Support should appear near 7428 to 7414 and 7342 to 7328,
August Unleaded gas
Resistance should appear near 23150 to 23220 . Beyond that 24110 to 24190 should cap a rally.
Support should appear near 21850 to 21700 and 20880 to 20800
August Heating Oil
Support should appear near 19960 to 19829 and the19090 to 19020 region
Resistance should appear near 20800 to 20880 and 21260 to 21340
The Lively Livestock
August Cattle
Support should appear near 8667 and 8587 to 8557
Resistance is at 8762 to 8777 and 8857 to 8872
August Hogs
Recommended open position short 4 at 7037
Support is at 7142 and 7002 to 6992
Resistance should appear near 7242 to 7257 and 7327 to 7342
Oct Hogs
Support is at 6272 to 6257 and 6192 to 6162
Resistance should appear 6337 to 6352 and 6417 to 6432 .
July Hogs
Recommended open position short 5 at 6497
August Pork Bellies
Resistance should appear near 9427 to 9447
Support is at 9157 to 9137
The Grande’ Grains
August Soybeans
Recommended open position long at 596 1/4
Resistance at 610 1/4 to 611 1/4 and 616 1/2 to 619
Support should appear near 595 3/4 to 594 1/2 and 588 to 585 1/2
August Soymeal
Recommended open position Long 2 at 178.9
Resistance should appear near 177.4 to 178.0
Support should appear near 173. to 173.10
August Soybean Oil
Recommended open position Long at 2521
Resistance should appear near 2663 to 2672 and 2716 to 2724
Support should appear near 2620 to 2612 and 2519 to 2511 .
Dec Corn
Recommended open position Long 2 at 272 3/4 avg
Resistance should appear near 266 1/4 to 266 1/4 and 275 1/4 to 277 1/2 .
Support is at 262 to 261 1/4 and 256 3/4 to 255 3/4 .
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 at1696 to 1689 and 1655 to 1642 .
Resistance should appear near 1731 to 1738 and 1774 to 1780
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
Wed July 5th 2006
3:05 PM South Florida Beach Time
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