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          The Bill Chippas Show

FuturesCom Investment Publications
Morning Comments  Tuesday  June 6th  2006
 Serving Professional and Individual Traders World Wide since 1979
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"Among the hazards of speculation the happening of the unexpected -I might even say the unexpectable - ranks high. There are certain chances that the most prudent man is justified in taking - chances that he must take if he wishes to be more than a mercantile  mollusk--"   Reminiscences of a Stock operator.

Monday June 5th  2006
4:00 PM South Florida Beach Time

                       The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Support at  11,010.00 to 10960.00
Resistance should appear near 11,155.00 and  11,320.00 to 11,360.00

June  SP500
Support is at  1268.00 then 1250.00 and the 1238.00 to 1232.00 region..
Resistance should appear near  1274.00 and 1289.00 ..

NASDAQ Composite
Support should appear near 2152.00 and  2134.00 to 2126.00.
Resistance should appear near  2170.00 to 2185.00 and 2202.00   

June Mini Nasdaq 100
Resistance should appear near  1609.00 to 1615.00 .   
Support should appear near the 1576.00 to 1569. 00 and 1552.00 .

June Mini Russell 2000
Support is at 708.80 to 707.40  and 700.30 to 699.0 and the 683.60 to 680.90 region.  
Resistance should appear near  724.20 to 725.50 and the 732.8 to 734.20 region .

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 107-21 and 108-07.  
Support  is at 107-07 and 106-21   

                                 The Frenzied Forex Front

June Yen
Recommended Open Position Short 2 at 8895
Resistance should appear near 8934 top 8964 and 9044 to 9060. .
Support should appear near 8871 to 8856 and 8777 to 8762.

June  Euro Currency (EC)
Recommended Open Position Short 5 at 12518
Support should appear at  12890 and  12740 to 12680
Resistance should appear near 13040 to 13100

June Swiss Franc
Recommended Open Position Short 4 at 8355
Resistance should appear near  8300 to 8314  and  the 8391 to 8406 region
Support  should  appear near 8223 to 8194 and the 8134 to 8119 region. .. Below that buyers should appear near 8044 to 8029 .. 

June  British Pound
Support should appear near  18650 to 18580  and 18220 to 18080
Resistance should appear near 18835 and  the 19020 to 19020 to 19090 region.

June  Canadian Dollar
Resistance should appear near 9044 to 9060 and 9100.
Support is at   9004 and 8964 to 8934

June Aussie Dollar
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 643.0 and 6648.3 to 650.9   
Support is at  635.0 to 633.70 .. Below that buyers should appear near 611.2 to 610.1 and the 603.5 to 602.3 region.

July  Copper
Resistance  should appear near 36130  to 36230  and the 373.40 to 374.30 region.
Support should appear near  332.80 to 331.90 and 310.20 to 309.20 .. Below that a test of 288.30 to 287.40 is likely.   

July Silver 
Resistance  should appear near the  1217.5 and 1232.0 to 1238.0 
Support  is at 1203.0 to 1192.0 and the 1169.0 to 1164.0 region.. 

The Exciting Energies

July Crude Oil
Resistance should appear near 7242 to 7255 and 7328 to 7342 .
Support Should appear near 7170 to 7140 and the 7088 to 7074 region

Trade accordingly

July Unleaded Gas
Resistance should appear near 21700 to 21850 and 22190 to 22260.
Support should appear near 21340 to 21260 and 19530 to 19460.

July Heating Oil
Support should appear near 19960 to 19820 and 19090 to19020 .
Resistance should appear near 20340 to 20420 and the 20800 to 20890 region…

                                         The Lively Livestock

August  Cattle
Support should appear near the 8117 to 8137 and 8192  to 8222  
Resistance is at 7957 to 7937 and  7777 to 7762  region.. 

July  Hogs
Recommended open position short 7 at 6497
Support is at  7002 to 6992 and the 6837 to 6807 region.
Resistance should appear 7072 to 7087 and 7142 to 7172

July Pork Bellies
Resistance should appear near 8667 to 8682 and the 8857 to 8872 region    
Support  is at  8592 to 8562 and the 8407 to 8392 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 12 to 602 14 and  595 3/4 to 594 1/2   BW  Traders can buy at 596 14 and hold for higher prices..

August Soymeal
Resistance should appear near  185.8 to 186.5 and 190.2 to 190.9 
Support  should appear near 182.2 to 180.8 and  178.0 to 177.4.  BW  Traders can buy at  178.0 and hold for higher prices. ..
Plan to risk a close under  172.7 for three days in a row..

August Soybean Oil
Resistance should appear near 2558 to 2568 and the 2612 to 2620 region
Support should appear near  2519 to  2511 and  2469 to 2461.  BW Traders can buy at  2521 and hold for higher prices.

Dec Corn
Recommended Open position Long at 278 1/4
Resistance should appear near  282 to 282 3/4 and 287 1/2 to 288 1/4
Support is at  277 1/2 to 275 3/4 and 272 1/2 to 271 3/4.   Below that  267 1/4 to 266 1/4  should hold…
BW Traders can buy at 267 1/2 and risk a close under 254 3/4 for three days in a row..   

Dec Wheat
Resistance should appear near  437 to 438 1/4  and the 442 1/2 to 444 3/4 region..
Support should appear near  431 1/2 to 430 1/2 and the 424 3/4 to 423 region.. Below that buyers should appear
near 418 1/4  to 416 1/4   BW Traders can buy at  418 3/4  and hold for higher prices

                                             The Satisfying Softs

Sept ‘The Monster ' Coffee
Support should appear near 100.35 to 100.20  and  9940 to 9920 
Resistance  should appear near 10320 to 10360 and 10470 

Sept Cocoa
Support is at  1496 to 1484 and 1421 to 1415 ..
Resistance should appear near 1529 to 1535 and 1569 to 1576,

Oct Sugar
Resistance should appear near 1576 and the 1609 to 1615 region .. beyond that sellers should appear near 1689 to 1696 .
BW Traders can sell at 1688 and risk a close over 1742 for three days in a row
Support  should appear near 1535 to 1529  and the 1496 to 1484 region  

Dec Cotton.
Support should appear near  5730 to 5715 and the 5580 to 5550 region.. Below that 5505 to 5490 should hold..
BW  Traders can buy at 5510 and risk a close under 5405 for three days in a row.  
Resistance should appear near 5855 to 5880 and the 6025 to 6040 region.   

 
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

Monday June 5th    2006
5:15  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.