Economic and Investment Trend Analysis - Socio Economics 
Dow Jones - SP500 - NASDAQ - Russell 2000 - Treasuries - Forex -  Precious Metals - Energy - Livestock - Grains - Softs

 Premier ServicePlatforms - Quotes - Online Signup - Bi-Weekly Outlook ArchivesSpecial Reports - DIY Index
          The Bill Chippas Show

FuturesCom Investment Publications
Morning Comments  Thursday June 29th 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                                                    



Wed June 28th  2006
3:25 PM South Florida Beach Time

 

                                 The Sensational Stock and Bond Markets

 

Dow Jones Industrial Average
Support
 is at 10,820.00 and the 10680.00 to 10580.00 region 
Resistance
should appear near 10,960.00 to 11,010.00 and 11,155.00

Sept  SP500
Support
is at  the 1238.00 to 1232.00 region. ..
Resistance should appear near 1268.00 to 1274.00 

NASDAQ Composite
Support
should appear near 2089.00 to 2080
Resistance
remains near 2126.00 to 2134.00 

Sept Mini Nasdaq 100
Resistance
should appear near  1569.00 to 1576.00.
Support should appear near 1535.00 to 1529.00

Sept Mini Russell 2000
Support
is at 683.60 to 680.90 and the 675.50 to 674.30 region 
Resistance
should appear near 699.00 to 700.30 and 707.40 to 708.60    

Sept  10 Year T-Note  
Resistance
should appear near 104-07 and 104-21   
Support  is
at 103-21 and 103-07

Sept  30 Year  T-Bond
Resistance
should appear near  105-21 and 106-07
Support should appear near 105-07 and 104-21

The Frenzied Forex Front 

Sept  Yen
Resistance
should appear near 8762 to 8777 and 8856 to 8871
Support should appear near 8683 to 8668 and 8589 to 8560 

Sept  Euro Currency (EC)
Recommended Open Position Short at 12697
Support
should appear at 12530 and 12380 to 12320
Resistance should appear near 12680 to 12740

Sept Swiss Franc
Recommended Open Position Short 2 at 8191
Resistance
should appear near 8119 to 8134
Support 
should  appear near 8044 to 8029   

Sept  British Pound
Support
should appear near 18220 to 18080
Resistance
should appear near 18400 and 18580 to 18650

Sept  Canadian Dollar
Resistance
should appear near 8934 to 8964
Support
is at  8871 to 8856

Sept Aussie Dollar
Support
should appear near 7255 to 7242
Resistance
should appear near  7328 to 7342

 
                                       Precious Metals

August  Gold
Resistance
should appear at 585.5 to 588.0 and 594.5 to 595.7 
Support is at 580.5 to 579.2 and 572.9 to 571.6

Sept Copper
Resistance  
should appear near  31570 and 31940 to 32130 
Support
should appear near 29900 to 29720 and 28830 to 28740.  

Sept Silver 
Resistance
 should appear near 1032.0 to 1036.0 
Support  is at 1005.0 to 10000 

  
                                       The Exciting Energies
 

August Crude Oil
Resistance
should appear near  7242 to 7255 and 7328 to 7342
Support  should  appear near 7170 to 7143 and 7088 to 7074.

August Unleaded Gas
Resistance
should appear near 21850 and 22190 to 22260
Support
should appear near  20420 to 20340 and 19960 to 19820

August Heating Oil
Support
should appear near  19090 to 19020 and 18650 to 18580
Resistance
should appear near 20340 to 20420 and 20800 to 20880                   

 

The Lively Livestock
 

August  Cattle
Support
should appear near 8592 to 8562 and 8502 to 8482
Resistance
is at 8762 to 8777 and 8857 to 8872  

August   Hogs
Recommended open position Short 2 at 7010
Support is at 6922 to 6907 and 6837 to 6807.. Below that 6757 to 6742 should contain a decline       
Resistance should appear 6992 to 7002  then 7072 to 7087 and 7142 to 7172 

July  Hogs
Recommended open position short 5 at 6497

August Pork Bellies
Resistance
 9237 and 9317 to 9347
Support
 is at 9062 top 9042 and 8967 to 8937 
 
 

                                          The Grande’ Grains
August  Soybeans
Recommended open position long at 596 1/4
Resistance at  594 3/4 to 595 4/5 and 602 1/4 to 603 1/2
Support
should appear near 585 1/2 and 580 1/2 to 579 1/4  below that 572 3/4 to 571 3/4 should contain a decline 

August Soymeal
Recommended open position  Long 2  at 178.9  
Resistance should appear near 177.4 to 178.0 
Support  should appear near 173.8 to 173.1 

August Soybean Oil
Recommended open position Long at 2521
Resistance should appear near  2558 to 2568and the 2612 to 2620 region 
Suppor
t should appear near 2519 to 2511 and 2469 to 2461 

Dec Corn
Recommended open position Long 2 at  272 3/4
Resistance
should appear near  255 3/4 to 256 3/4 and 261 1/4 to 262  
Support is at 251 3/4 to 251 1/4 and 246 3/4 to 246 

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 405 3/4 to 404 3/4  and 399 1/4 to 398 1/4    

           
                                                      
   The Satisfying Softs

Sept ‘The Monster ' Coffee
Support
should appear near 10020 to 10035 and 10105 to 10135.
Resistance  should appear near 9835 to 9820 and 9735 to 9705 

Sept Cocoa
Support
is at 1535 to 1529 
Resistance should appear near 1609 to 1615

Oct Sugar
Resistance
should appear near  1642 to 1655 
Support
 should appear near 1576 to 1569 

Dec Cotton.
Recommended open position long at 5510
Support should appear near 5355 to 5345 and 5280 to 5255
Resistance should appear near 5490 to 5505  and 5555 to 5575  


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

Wed June 28th  2006
3:35  PM  South Florida Beach Time

F
uturesCom Investment  Publications © copyright 1996 – 2006 all rights reserved Terms

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 6-28-2006
Short Sept EC 12697
Short 2 Sept Swiss Francs 8191  
Short 2 August Hogs 7010 
Short 5 July hogs 6497
Long August Beans 596 1/4
Long August Bean Oil 2521
Long 2 August Soymeal  178.9 
Long Dec Wheat 418 3/4
Long 2 Dec Corn 272 3/4
Long Dec Cotton 5510