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The Bill Chippas Show
FuturesCom Investment Publications
Morning Comments Wed June 21st 2006
Serving Professional and Individual Traders World Wide since 1979
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“Accomplishments will prove to be a journey, not a destination.”
- Dwight D. Eisenhower -
Tuesday June 20th 2006
6:45 PM South Florida Beach Time
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Support is at 10,820.00 and the 10,680.00 to 10580.00 region
Resistance should appear near 11,010.00 and 11,155.00
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 1569.00 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
Support is at 675.50 to 674.30 and the 667.30 to 665.90 region.
Resistance should appear near 683.60 and the 690.60 to 691.90 region
Sept 10 Year T-Note
Resistance should appear near 104-212 and 105-07
Support is at 104-07 and 103-21
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
The Frenzied Forex Front
Sept Yen
Recommended open position Short at 8818
Resistance should appear near 8856 to 8871
Support should appear near 8777 to 8762..
Sept Euro Currency (EC)
Recommended Open Position Short at 12697
Support should appear at 12605 and 12530
Resistance should appear near 12680 to 12740.
Sept Swiss Franc
Recommended Open Position Short 4 at 8193
Resistance should appear near 8194 to 8223
Support should appear near 8044 to 8029.
Sept British Pound
Support should appear near 18220 to 18080
Resistance should appear near 18580 to 18650
Sept Canadian Dollar
Resistance should appear near 9044 to 9060.
Support is at 8964 to 8934
Sept Aussie Dollar
Support should appear near 7342 to 7328
Resistance should appear near 7414 to 7428
Precious Metals
August Gold
Resistance should appear at 585.5 to 588 and 594.5 to 595.7
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 1032.0 to 1036.0 and 1058.0 to 1068.0
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 .and 6755 to 6743 region ..
August Unleaded Gas
Resistance should appear near 20340 to 20420 and 20800 to 20880
Support should appear near 19960 to 19820 and 19530 to 19460
August Heating Oil
Support should appear near 19090 to 19020
Resistance should appear near 19820 to 19960
The Lively Livestock
August Cattle
Support should appear near the 8300 to 8317 and 8222 to 8192.
Resistance is at 8392 to 8407 and 8482 to 8502.
August Hogs
Support is at 7172 to 7142 then 7087 to 7072 and 7002 to 6992
Resistance should appear 7242 to 7257 then 7327 to 7342 and 7412 to 7427
July Hogs
Recommended open position short 7 at 6497
August Pork Bellies
Resistance 9317 to 9347 and 9427 to 9447 .
Support is at 9157 to 9142 and 9062 to 9042
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 2511 to 2519.
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 411 to 412 and 416 1/4 to 418 1/4
Support should appear near 399 1/4 to 398 1/4 and 3292 3/4 to 390 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 1609 to 1615
Support should appear near 1535 to 1529 .
Dec Cotton.
Support should appear near 5655 to 5640 and 5580 to 5550... 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
Tuesday June 20th 2006
7:55 PM South Florida Beach Time
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