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The Bill Chippas Show
FuturesCom Investment Publications
Morning Comments Wed July 19th 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
Tuesday July 18th 2006
3:00 PM South Florida Beach Time
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Support is at the 10,680.00 to 10,580.00 region. Below that buyers should appear near
10360.00 to 10,320.00 and should contain a decline ..
Resistance should appear near 10,820.00 and the 10,960.00 to 11,010.00 region .. Which should cap a rally..
Trade Accordingly
Sept SP500
Support is at the 1238.00 to 1232.00 region.. Below that buyers should appear near 1217.50 and the 1203.00 to 1192.00 region..
BW Traders can buy at 1203.1 for a bounce and risk a close under 1190.10 for three days in a row .
Resistance should appear near 1253.00 and the 1268.00 to 1274.00 region
NASDAQ Composite
Support should appear near 2015 and the 1996.00 to 1982.00 region
Resistance should appear near 2034 to 2042
Sept Mini Nasdaq 100
Resistance should appear near 1484.00 to 1496.00 and the 1529 to 1535 region.
Support should appear near 1459.00 to 1453.00 and the 1421.00 to 1415.00 region
Sept Mini Russell 2000
Support is at 675.50 to 674.30 and the 667.30 to 665.90 region..
Resistance should appear near 690.60 to 691.90 and 699.0 to 700.30
Sept 10 Year T-Note
Resistance should appear near 105-07 and 105-21
Support is at 104-21 and 104-07
Sept 30 Year T-Bond
Resistance should appear near 107-07 and 107-21..
Support is at 106-21 , a close under augurs for a test of 106-07 , failure to maintain a posture over augurs for a test of 105-21
Trade accordingly
The Frenzied Forex Front
Sept Yen
Resistance should appear near 8668 to 8683 and 8762 to 8777.. BW Traders can sell at 8761 for a turn lower
Support should appear near 8589 to 8560 and the 8499 to 8484 region.
Sept Euro Currency (EC)
Support should appear at 12530 and the 12380 to 12320
Resistance should appear near 12605 and 12680 to 12740.
Sept Swiss Franc
Resistance should appear near 8119 to 8134 and 8300 to 8314
BW Traders can sell at 8261 for a turn lower and hold for lower prices..
Support should appear near 8044 to 8029 and 7954 to 7939
Sept British Pound
Support should appear near 8220 to 18080
Resistance should appear near 18580 to 18650.
BW Traders can sell at 18612 for a turn lower and hold for lower prices..
Sept Canadian Dollar
Resistance should appear near the 8856 to 8871 and 8934 to 8964
Support is at 8777 to 8762 and the 8683 to 8668 region.
Sept Aussie Dollar
Recommended open position Short at 7486
Support should appear near 7428 to 7414 and 7342 to 7328
Resistance should appear near 7486 to 7513 and 7587 to 7601
Precious Metals
August Gold
Resistance should appear at 648.3 to 650.9 and 657.7 to 659.1
Support is at 635.0 to 633.7 and 619 to 616.5
Sept Copper
Resistance should appear near 36130 to 36230 and 37340 to 37430
Support should appear near 35630 to 35530 and 33860 to 33760
Sept Silver
Resistance should appear near 1130.0 to 1136.0
Support is at 1068.0 to 1058.0
The Exciting Energies
Sept Crude Oil
Resistance should appear near 7763 to 7777 and 7836 to 7864
Support should appear near 7513 to 7486 and 7342 to 7328
Sept Unleaded gas
Resistance should appear near 23150 to 23220 and 23540 to 23700
Support should appear near 22260 to 22190 and 21850 to 21700
Sept Heating Oil
Support should appear near 20420 to 20340 and 19960 to 19820
Resistance should appear near 21700 to 21850 and 22190 to 22260
The Lively Livestock
Oct Cattle
Support should appear near the 8592 to 8562 and 8502 to 8482
Resistance is at 8762 to 8777 and 8857 to 8872.
August Hogs
Support is at 6757 to 6742 below that a test of 6672 to 6657 is likely
Resistance should appear 6907 to 6922 and the 6992 to 7002 region.
Oct Hogs
Resistance is at 6102 to 6117 and the 6162 to 6192 region .. Beyond that sellers should appear near 6257 to 6272
BW Traders can sell at 6247 and hold for lower prices.
Support should appear near 6037 to 6022, a close under augurs for a test of 5957 to 5942 and the 5882 to 5852 region .
August Pork Bellies
Resistance should appear near 9317 to 9347 and 9527 to 9542
Support is at 9157 to 9142 and 9062 to 9042..
The Grande’ Grains
Aug Soybeans
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, below that a test of 572 3/4 to 571 3/4 is likely
Nov Soybeans
Resistance at 616 1/2 to 619 and 625 3/4 to 627
Support should appear near 602 1/4 and 595 3/4 to 594 1/2
Aug Soymeal
Resistance should appear near 173.1 to 173.8
Support should appear near 165.5 to 164.2 region
Dec Soymeal
Resistance should appear near 177.4 to 178.0 .
Support should appear near 169.6 to 168.9
August Soybean Oil
Resistance should appear near 2716 to 2724 and 2758 to 2775
Support should appear near 2672 to 2663 and 2620 to 2612
Dec Bean Oil
Resistance should appear near 2820 to 2829 and 2874 to 2883
Support should appear near 2758 and the 2672 to 2663
Dec Corn
Resistance should appear near 271 3/4 to 272 1/2 and 275 3/4 to 277 1/2.
Support is at 267 1/4 to 266 1/4 and 256 3/4 to 255 3/4
Dec Wheat
Resistance should appear near 416 1/4 to 418 1/4 and 423 3/4 to 424 3/4
Support should appear near 405 3/4 to 404 3/4 and 399 1/4 to 398 1/4
The Satisfying Softs
Sept ‘The Monster ' Coffee
Support should appear near 9545 to 9525 and the 9345 to 9315 region..
Resistance should appear near 9920 to 9935 and 10105 to 10135
Sept Cocoa
Support is at 1529 to 1535 and 1496 to 1484
Resistance should appear near 1609 to 1615 and 1642 to 1655 .
Oct Sugar
Resistance should appear near 1609 to 1615 .
Support should appear near 1535 to 1529
Dec Cotton
Support should appear near 5070 to 5045 and 4995 to 4975,
Resistance should appear near 5345 to 5355 and 5415 to 5430
A Ship in Harbor is Safe...But that is not what ships are built for -
Happy Trading !
Bill wil@futurescom.com
1-866-409-3890
Monday July 17, 2006
7:15 PM South Florida Beach Time
FuturesCom Investment Publications © copyright 1996 – 2006 all rights reserved Terms
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.
BW Recommended Open Positions 7-17-2006
Short Sept Swiss Francs 8133
Short Sept Aussie Dollars 7486