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The Bill Chippas Show
FuturesCom Investment Publications
Morning Comments Friday July 21st 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
Thursday July 20th 2006
1:00 PM South Florida Beach Time
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Support is at the 10,960.00 and 10820.00.
Resistance should appear near 11,155.00 and 11,300.00 to 11,360.00
Sept SP500
Support is at the 1253.00 and the 1238.00 to 1232.00 region..
Resistance should appear near the 1268.00 to 1274.00 region
NASDAQ Composite
Support should appear near 2042.00 to 2034.00
Resistance should appear near 2080 to 2089.00
Sept Mini Nasdaq 100
Resistance should appear near the 1496.00 then 1512.50 and 1529 to 1535 region.
Support should appear near 1484 and 1471.5 .. below that buyers should appear near 1459.00 to 1453.00
Sept Mini Russell 2000
Support is at 691.90 to 690.60 and 683.60 to 680.90
Resistance should appear near 699.0 to 700.30 and 707.40 to 708.80 and 714.30 to 717.00
Sept 10 Year T-Note
Resistance should appear near 105-21 and 106-07
Support is at 105-07 and 104-21
Sept 30 Year T-Bond
Resistance should appear near 108-07 and 108-21
Support is at 107-07 and 106-21
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 12680 to 12740 and 12815
BW Traders can sell at 12815 for a turn lower and hold for lower prices.
Sept Swiss Franc
Resistance should appear near 8119 to 8134
Support should appear near 8044 to 8029
Sept British Pound
Support should appear near 18220 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 8856 to 8871 and the 8934 to 8964 region
Support is at 8777 to 8762
Sept Aussie Dollar
Support should appear near 7486 and 7428 to 7414
Resistance should appear near 7513 and 7587 to 7601
Precious Metals
August Gold
Resistance should appear at 641.7 to 643.0 and 648.3 to 650.9
Support is at 619 to 616.5 and 603.5 top 602.3
Sept Copper
Resistance should appear near 34250 to 34430 and 36130 to 36230
Support should appear near 33860 to 33760 and 32130 to 31940
Sept Silver
Resistance should appear near 1130.0 to 1138.0
Support is at 1068.00 to 1058.0
The Exciting Energies
Sept Crude Oil
Resistance should appear near 7486 to 7513 and 7587 to 7601
Support should appear near 7342 to 7328 and 7255 to 7242
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 19960 to 19820 and 19530 to 19460
Resistance should appear near 20800 to 20890 and 21260 to 21340
The Lively Livestock
Oct Cattle
Support should appear near the 8682 to 8667 and 8592 to 8562
Resistance is at 8857 to 8872 and 8932 to 8967
August Hogs
Support is at 6672 to 6657 and 6592 to 6577
Resistance should appear 6807 to 6837 and 6907 to 6922.
Oct Hogs
Resistance is at 6022 to 6037 and 6102 to 6117 .. Beyond that sellers should appear near 6257 to 6272
BW Traders can sell at 6247 and hold for lower prices.
Support should appear near 5957 to 5942 and the 5882 to 5852 region .
August Pork Bellies
Resistance should appear near 9317 top 9347 and 9427 to 9447
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 580 1/2 to 579 1/4 and 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 603 1/2 to 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 2663 to 2672
Support should appear near 2568 to 2558
Dec Bean 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
Resistance should appear near 266 1/4 to 267 1/4 and 271 3/4 to 272 1/2
Support is at 256 3/4 to 255 3/4 and 251 3/4 to 251 1/4
Dec Wheat
Resistance should appear near 423 3/4 to 424 3/4 and 430 1/2 to 431 1/2
Support should appear near 412 to 411 and 405 3/4 to 404 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 9920 to 9935
Sept Cocoa
Support is at 1496 to 1484 and 1459 to 1453
Resistance should appear near 1529 to 1535 and 1569 to 1576 .
Oct Sugar
Resistance should appear near 1569 to 1576 and 1609 to 1615 .
Support should appear near 1529 and 1496 to 1484
Dec Cotton
Support should appear near 5355 to 5345 and 5285 to 5255
Resistance should appear near 5490 to 5505 and 5555 to 5580
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
Thursday July 20th, 2006
2:00 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.
BW Recommended Open Positions 7-20-2006
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