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 and Foreign Exchange TRADING IS 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, foreign exchange and options. Trading futures and foreign exchange on margin carries a high level of risk and may not be suitable for all investors. Please trade with capital you can afford to lose. PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.  No SOLICITATION IS made here for individuals to buy or sell futures contracts, foreign exchange or options market. SOURCES ARE BELIEVED TO BE RELIABLE BUT NO ASSURANCE IS MADE FOR ACCURACY.  Readers are solely responsible for how they use the information and for their results. You should be aware of all the risks associated with futures and foreign exchange trading and seek advice from an independent financial advisor if you have any doubts. The high degree of leverage that is often obtainable in futures and foreign exchange trading can work against you as well as for you. The use of leverage can lead to large losses as well as gains.  Internet Risks: There are risks associated with utilizing an Internet based Service including, but not limited to, the failure of hardware, software and Internet connection. Futurescom employs back-up systems and contingency plans to minimize the possibility of system failure

 

 

 

 

                       

FuturesCom
Morning Futures and Investment Comments
Wednesday November 02, 2011 

Twitter @billchippasshow            Bill Chippas Show on Facebook

Equity Indices • Treasuries • Forex • Precious Metals • Energy • Grains • Livestock • Softs

 

     

 

 

 

 

 

 

 

 

 

 

 

 

  

    

   ‘A lot of people approach risk as if it’s the enemy, when it’s really fortunes accomplice’

Tuesday November 1, 2011

1:30 PM South Florida Beach Time 

                         The Sensational Stock and Bond Markets
Dow Jones Industrial Average
 Support should appear near 11,690.00 to 11,640.00 and  11,530.00
 Resistance should appear near 11,805.00 and 11,920.00 to 12,030.00
DEc E-Mini sp500
 Resistance should appear near 1232.00 to 1238.00  and 1253.00
Support should appear near 1203.00 to 1192.00.
BW Traders can buy at 1203.50 and hold for higher prices. .    
 
 NAsdaq Composite
Resistance should appear near 2663.00 to 2672.00
Support should appear near the 2568.00 to 2552.00 region   

 DEc E-Mini NasdaQ 100
 Resistance should appear near  2315.00 to 2322.00 and 2341
Support should appear near 2275.00 to 2267.00

Dec E-Mini RUSSELL 2000
 Resistance should appear near 732.80 to 734.20
Support should appear near 683.60 to 680.90

DEC 30 YR BOND
Resistance should appear near 142-07 and 143-21
Support should appear near 140-21 and 139-21

 DEC 10 yr Note
 Resistance should appear near 130-21 and 131-07
Support should appear near 129-07 and 128-21
                            The Frenzied Forex Front
 dec dOLLAR iNDEX
 Resistance should appear near 7763 to 7777       
Support should appear near 7689 to 7675    
 
dec JAPANESE Yen
 Resistance should appear near 13040 to 13100  
Support should appear near 12740 to 12680 and 12380 to 12320                 

dec EURO currency
 Support should appear near 13460 to 13340
Resistance should appear near  13770 to 13830   

dec SWISS FRANC
 Resistance should appear near 11360 and 11530        
Support should appear near 11155 and 11010 to 10960      

DEC BRITISH POUND
Support should appear near 15760 to 15690  
Resistance should appear near 16090 to16150
DEC CanadIAN Dollar
 Resistance should appear near 9921 to 9937
Support should appear near 9737 to 9706

DEC AUSSIE DOLLAR
 Resistance should appear near  10320 to 10360 and 10470  
Support should appear near 10136 to 10104

                              The Precious Metals
 december gold
 Resistance should appear near 1731 to 1738 and 1774 to 1780     
Support is near 1696 to 1689 and 1655 to 1642   

DEC COPPER
 Resistance should appear near 35530 to 35630  
Support should appear near 34430 to 34250   
     
DEC Silver 
 Resistance should appear near 3425 to 3443  
Support is at 3270 to 3261


 

 

 

 

 

 

                                      The Exciting Energies  

December CRUDE Oil
Resistance should appear near 9140 to 9156 and 9316 to 9347
Support should appear near 9060 to 9044 and 8964 to 8934

DECEMBER HeaTING Oil
 Support should appear near 29730 to 29280
Resistance should appear near the 30360 to 30450  region          

DECEMBER UNLEADED Gas
 Support should appear at 25190 to 25110   
Resistance should appear near 26630 to 26720    

DECEMBER NATURAL Gas
Support should appear at 3743 to 3734        
Resistance should appear near 3858 to 3867                                                                   

                                THE GRANDE’ GRAINS
 JANAUARY SOYBEANS
Support should appear near 1203 to 1192 and 1169 to 1164
Resistance should appear near 1217 ½ and 1232 to 1238

DECEMBER SOYMEAL
Resistance should appear near 314.8 to 315.7               
Support should appear near 310.2 to 309.2      

DECEMBER BEAN OIL
Resistance should appear near 5127 to 5139      
Support should appear near 4995 to 4973

DEC CORN
Resistance should appear near 657 ¾ to 659 ¼     
Support should appear 635 to 633 ¾  
 
DECEMBER WHEAT
Resistance should appear near 648 ¾ to 650 ¾       
Support should appear 619 to 616 ½  

                                        THE LIVELY LIVESTOCK
 DEC CATTLE
Support should appear near 12030 to 11920  
Resistance should appear near 12320 to 12380

DEC HOGS
Resistance should appear near 8762 to 8777 and 8857 to 8872 
Support should appear near 8682 to 8667 and the 8592 to 8562 region

FEB HOGS
Support should appear near 8967 to 8937 and 8872 to 8857  
Resistance should appear near 9042 to 9062 and 9137 to 9157                                  

                                  The Satisfying Softs
 DEC COFFEE
Support should appear near 21850 to 21700     
Resistance should appear near 22670 to 22750     
 
DEC COCOA
Resistance should appear near 2758 to 2775             
Support should appear near 2568 to 2552     

 

 

 

MARCH SUGAR
Resistance is at 2612 to 2620        
Support should appear near 2519 to 2511

DEC COTTON
Resistance should appear near 10104 to 10136
Support should appear 9737 to 9706
 
   
            --A Ship in Harbor is Safe...But that is not what ships are built for --
Happy Trading!   
Bill wil@futurescom.com
 Tuesday November1, 2:15 PM South Florida Beach Time