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The Bill Chippas Show
FuturesCom Investment Publications
Morning Comments Tuesday July 25th 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 24th 2006
1:00 PM South Florida Beach Time
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Support is at 10,680.00 to 10,580.00
Resistance should appear near 10,960.00 to11,010.00
Sept SP500
Support is at 1238.00 to 1232.00 ,, Below that buyers should appear near 1203.00 to 1192.00
BW Traders can buy at 1203.10 for a bounce and risk a close under 1190.10 for three days in a row. .
Resistance should appear near 1268.00 to 1274.00 , beyond that 1289.00 should cap a rally.
NASDAQ Composite
Support should appear near 2042.00 to 2034.00 and 1996.00 to 1982.00
Resistance should appear near 2061.00 and 2080.00 to 2089.00
Sept Mini Nasdaq 100
Resistance should appear near the 1484.00 to 1496.00.
Support should appear near 1459.00 to 1453.00 and the 1421 to 1415 region.
Sept Mini Russell 2000
Support is at 683.6 to 680.90 and 667.30 to 665.90.. below that buyers should appear near 659.10 to 657.70 ad the 650.9 to 648.30 region
Resistance should appear near 690.90 to 691.90.. Beyond that 699.00 to 700.30 should cap a rally..
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 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 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 then 8194 to 8223 and 8300 to 8314.
BW Trader can sell at 8261 for a turn lower and hold for lower prices.
Support should appear near 8044 to 8029 and the 7954 to 7939 region
Sept British Pound
Support should appear near 18220 to 18080
Resistance should appear near 18580 to 18650.
Sept Canadian Dollar
Resistance should appear near 8856 to 8871
Support is at 8683 to 8668
Sept Aussie Dollar
Support should appear near 7513 to 7486
Resistance should appear near 7587 to 7601
Precious Metals
Dec Gold
Resistance should appear at 625.7 to 627.0 and 633.7 to 635.0
Support is at 619 to 616.5 and 603.5 to 602.3
Sept Copper
Resistance should appear near 34250 to 34430 and 36130 to 36230
Support should appear near 32130 to 31940 and 304.5 to 303.6
Sept Silver
Resistance should appear near 1096.0 to 1101.0 and 1130.0 to 1138.0
Support is at 1068.00 to 1058.0 and 1036.0 to 1032.0
The Exciting Energies
Sept Crude Oil
Resistance should appear near 7587 to 7601 and 7675 to 7689
Support should appear near 7428 to 7414 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 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 8592 to 8562 and 8502 to 8482
Resistance is at 8667 to 8682 and 8762 to 8777
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 9142 to 9157 and 9317 to 9347
Support is at 8967 to 8937 and 8872 to 8857
The Grande’ Grains
Nov Soybeans
Resistance at 616 1/2 to 619
Support should appear near 595 3/4 to 594 1/2
Dec Soymeal
Resistance should appear near 177.4 to 178.0
Support should appear near 169.6 to 168.9
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 255 3/4 to 258, 3/4 and 261 1/4 to 262
Support is at 251 3/4 to 251 1/4 and 246 3/4 to 246 1/4
Dec Wheat
Resistance should appear near 430 1/2 to 431 1/2 and 437 to 438 1/4
Support should appear near 418 1/2 to 416 1/4 and 412 to 411
The Satisfying Softs
Sept ‘The Monster ' Coffee
Support should appear near 9345 to 9315 and the 9155 to 9140 region
Resistance should appear near 9430 to 9445 and 9705 to 9735
Sept Cocoa
Support is at 1459 to 1453 and 1421 to 1415
Resistance should appear near 1484 to 1496 and 1529 to 1535.
Oct Sugar
Resistance should appear near 1569 to 1576 and 1609 to 1615 .
Support should appear near 1535 to 1529 and 1496 to 1484
Dec Cotton
Support should appear near 5505 to 5490 and 5430 to 5415
Resistance should appear near 5640 to 5655 and 57615 to 5730
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 24th 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 7-24-2006
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