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The Bill Chippas Show
FuturesCom Investment Publications
Morning Comments Monday July 10th 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
Saturday July 8th 2006
8:00 AM South Florida Beach Time
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Support is at 11,010.00 to 10,960.00
Resistance should now appear near 11,155.00 and remains near 11,300.00 to 11,360.00
Sept SP500
Support is at 1274.00 to 1268.00 and 1253.00
Resistance should now appear near 1281.50 and 1289.00
NASDAQ Composite
Nearby Support should appear near 2126.00 .. Failure there augurs for a an eventual test of 2089.00 to 2080.00
which should contain a decline
Nearby Resistance should appear near 2134.00 , beyond that 2152.00 should offer resistance
Sept Mini Nasdaq 100
Resistance should appear near 1569.00 to 1576.00
Support should appear near 1535.00 to 1529.00
Sept Mini Russell 2000
Support is at 708.80 to 707.40 and the 700.30 to 699.00 region
Resistance should appear near 724.20 to 725.50 and 732.80 to 734.20
Sept 10 Year T-Note
Resistance should appear near 105 -07 and 105-21
Support is at 104-21 and 103-21
Sept 30 Year T-Bond
Resistance should appear near 107-07 and 107-21 which should cap a rally..
Support is at 106-21 and 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 2 at 8832
Resistance should appear near 8856 to 8871 and 8934 to 8964
Support should appear near 8777 to 8762, and the 8589 to 8560 region
Sept Euro Currency (EC)
Recommended Open Position Short 2 at 12648
Support should appear at 12815.. failure to maintain a posture over is negative and augurs for a test of 12740 to 12680
Resistance should appear near 12890 and 12965.. Beyond that 13040 to 13100 should cap a rally
Sept Swiss Franc
Recommended Open Position Short 4 at 8162
Resistance should appear near 8300 to 8314
Support should appear near 8134 to 8119
Sept British Pound
Recommended open position Short 18570
Support should appear near 18400 and 18220 to 18080
Resistance should appear near 18580 to 18650
Sept Canadian Dollar
Recommended open position Short at 9043
Resistance should appear near 9044 to 9060
Support is at 8964 to 8934
BW Traders should go short if a close under 8931 occurs
Sept Aussie Dollar
Recommended open position short 2 at 7448 avg
Support should appear near 7428 to 7414 and 7342 to 7328
Resistance should appear near 7513 and the 7587 to 7601 region
Precious Metals
August Gold
Resistance should appear at 633.7 to 635.0 and 641.7 to 643.0
Support is at 619.0 to 616.5 and 603.5 to 602.3
Sept Copper
Resistance should appear near 36130 to 36230 and 37340 to 37430
Support should appear near 34430 to 34250 and 32700 to 32610
Sept Silver
Resistance should appear near 1164.0 to 1169.0 and 1192.0 to 1203.0
Support is at 1101.0 to 1096. and 1068.0 to 1058.0
The Exciting Energies
August Crude oil
Resistance should appear near 7414 to 7428 and 7486 to 7513.
Support should appear near 7342 to 7328 and 7170 to 7143
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 19530 to 19460 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 8502 to 8482 and 8407 to 8392
Resistance is at 8562 to 8587 and 8667 to 8682 and 8762 to 8777
August Hogs
Recommended open position short 5 at 7007 avg
Support is at 6867 to 6837 and the 6742 to 6757 region .. Below that a test of 6672 to 6657 is likely
Resistance should appear near 6907 to 6922 and 6992 to 7002
Oct Hogs
Support is at 6037 to 6022 and 5957 to 5942.. below that a test of 5882 to 5857 is likely
Resistance should appear 6102 to 6117 and 6162 to 6192 .
July Hogs
Recommended open position short 4 at 6497
August Pork Bellies
Resistance should appear near 9142 to 9157 and 9237
Support is at 9062 to 9042.. below that a test of 8967 to 8932 and the 8872 to 8857 region
The Grande’ Grains
August Soybeans
Resistance at 616 1/2 to 619 and the 625 3/4 to 627 region
Support should appear near 603 1/2 to 602 1/4 and 595 3/4 to 594 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 173.8 to 173.1
August Soybean Oil
Resistance should appear near 2758 to 2775 and 2820 to 2829
Support should appear near 2672 to 2663 and 2620 to 2612.
Dec Corn
Recommended open position Long 2 at 272 3/4 avg
Resistance should appear near 275 1/4 to 277 1/2 and 282 to 282 3/4
Support is at 262 to 261 1/4 and the 256 3/4 to 255 3/4 region
Dec Wheat
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 the 412 to 411 region .. below that buyers should appear near 405 3/4 to 404 3/4
Trade Accordingly
The Satisfying Softs
Sept ‘The Monster ' Coffee
Support should appear near 9735 to 9705 and 9345 to 9315
Resistance should appear near 10135 to 10105 and 10155
Sept Cocoa
Support is at 1696 to 1689 and 1655 to 1642
Resistance should appear near 1731 to 1738 and 1774 to 1780
Oct Sugar
Resistance should appear near 1696 and 1731 to 1738
Support should appear near 1655 to 1642 and 1615 to 1609
Dec Cotton
Recommended open position Long at 5510
Support should appear near 5140 to 5125 and 5070 to 5055
Resistance should appear near 5200 to 5210 , a close over augurs for a test of 5345 to 5355 and most likely the 5415 to 5430 region
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
Saturday July 8th 2006
11:00 AM South Florida Beach Time
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