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The Bill Chippas Show
FuturesCom Investment Publications
Morning Comments Tuesday June 20th 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 June 19th 2006
5:00 PM South Florida Beach Time
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Nearby Support is at 10,820.00 and the 10,680.00 to 10580.00 region
Resistance should appear near 10,960.00to 11,010.00 and 11,155.00
Trade Accordingly
Sept SP500
Support is at the 1238.00 to 1232.00 region. ..
Resistance should appear near 1253.00 and 1268.00 to 1274.00
NASDAQ Composite
Support should appear near 2089.00 to 2080 .. Below that 2042.00 to 2034.00 should hold..
Resistance remains near 2126.00 to 2134.00 and 2170.00 to 2185.00..
Sept Mini Nasdaq 100
Resistance should appear near 15609.00 to 1576.00 and 1609.00 to 1615.00 ..
Support should appear near 1552.00 and the 1535.00 to 1529.00 region.
Sept Mini Russell 2000
Nearby Support is at the 683.60 to 680.90 region. Below buyers should appear near 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 beyond that sellers should appear near 105 -21
Support is at 104-21 and the 104-07
Sept 30 Year T-Bond
Resistance should appear near 106-21 and 107-07
Support is at 106-07 , failure to maintain a posture over augurs for a test of 105-21 and eventually 105-21..
Trade accordingly
The Frenzied Forex Front
Sept Yen
Resistance should appear near 8818 , BW traders can sell at 8818 for a turn lower .. Beyond that sellers should appear near 8856 to 8871
Support should appear near 8762 , a close under augurs for a test of 8683 to 8668 and the 8589 to 8560 region.. .. Which appears more likely than not to occur..
Sept Euro Currency (EC)
Recommended Open Position Short at 12697
Support should appear at 12602 and 12530
Resistance should appear near 12680 to 12740.
Sept Swiss Franc
Recommended Open Position Short 4 at 8193
Resistance should appear near 8164 and 8194 to 8223
Support should appear near 8044 to 8029.
Sept British Pound
Support should appear near 18400 and 18220 to 18080
Resistance should appear near 18580 to 18650
Sept Canadian Dollar
Resistance should appear near the 8964 and 9000.. beyond that 9044 to 9060 should cap a rally. .
Support is at 8871 to 8856. a slip under augurs for a test of 8777 to 8762 and the eventually the 8683 to 8668 region.
Sept Aussie Dollar
Support should appear near 7342 to 7328..failure of this level augurs for a test of 7170 to 7143
Resistance should appear near 7378 and 7414 to 7428
Precious Metals
August Gold
Resistance should appear at 571.6 to 572.9 and 579.2 to 580.5
Support is at 565.3 to 564.0 and 557.7 to 555.3
July Copper
Resistance should appear near 31940 to 32130 and 32610 to 32700
Support should appear near 30450 to 30360 and 28830 to 28740.
July Silver
Resistance should appear near 992.0 to 993.5 then 1010.5 to 1013.5 and 1018.5
Support is at 973.5 to 970.5… Below that a test of 935.5 to 931.5 is likely …
The Exciting Energies
August Crude Oil
Resistance should appear near 6990 to 7003 and 7074 to 7088
Support should appear near 6919 to 6906.. A close under augurs for a test of 6836 to 6809 and eventually the 6755 to 6743 region ..
Trade accordingly
August Unleaded Gas
Resistance should appear near 20340 to 20420 and 20800 to 20880
Support should appear near 19960 to 19820 .. a close under is negative and augurs for a test of 19530 to 19460 and eventually
the 19090 to 19020 region
August Heating Oil
Support should appear near 19090 to 19020 and 18650 to 18580
Resistance should appear near 19460 to 19530 and 19820 to 19960
The Lively Livestock
August Cattle
Support should appear near the 8300 to 8317 and 8222 to 8192.
Resistance is at 8482 to 8502 and the 8667 to 8682 region.
August Hogs
Support is at 7257 to 7242 and 7172 to 7142
Resistance should appear 7412 to 7427 and 7487 to 7512
July Hogs
Recommended open position short 7 at 6497
August Pork Bellies
Resistance 9527 to 9542and 9622 to 9642 .
Support is at 9347 to 9317 ..A close under is negative and augurs for an eventual test 9157 to 9142 .
The Grande’ Grains
August Soybeans
Recommended open position long at 596 1/4
Resistance at 602 1/4 to 603 1/2 and 610 to 611 1/4
Support should appear near 588 to 585 1/2 and 580 1/2 to 579 1/4
August Soymeal
Recommended open position Long 2 at 178.9
Resistance should appear near 180.8 to 182.2
Support should appear near 178.0 to 177.4. Below that buyers should appear near 173.8 to 173.1
August Soybean Oil
Recommended open position Long at 2521
Resistance should appear near the 2461 to 2469 .
Support should appear near 2419 to 2411
Dec Corn
Recommended open position Long 2 at 272 3/4
Resistance should appear near 261 1/4 to 262.
Support is at 251 3/4 to 251 1/4
Dec Wheat
Recommended open position Long at 418 3/4
Resistance should appear near 404 3/4 to 405 3/4
Support should appear near 386 3/4 to 385 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 9920 to 9935 and 10105 to 10135
Sept Cocoa
Support is at 1496 to 1484
Resistance should appear near 1569 to 1576
Oct Sugar
Resistance should appear near 1567 to 1576
Support should appear near 1459 to 1453 .
Dec Cotton.
Support should appear near 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 5790 to 5805 and 5855 to 5880
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 19th 2006
6:15 PM South Florida Beach Time
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