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The Bill Chippas Show
FuturesCom Investment Publications
Morning Comments Friday July 14th 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
"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
Thursday July 13th 2006
1:00 PM South Florida Beach Time
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Support is at 10,820.00 , an extended trade under augurs for a test of the 10,680.00 to 10,580.00 region
Resistance should appear near 10,960.00 to 11010.00 and 11,155.00.
Sept SP500
Support is at 1253.00 and 1238.00 to 1232.00
Resistance should now appear near 1268.00 to 1274.00 and 1289.00
NASDAQ Composite
Support should appear near 2042 to 2026.00
Resistance should appear near 2080.00 to 2089.00 and 2107.5
Sept Mini Nasdaq 100
Resistance should appear near 1529.00 to 1535.00 and 1552.00
Support should appear near the 1496.00 to 1484.00 and 1459.00 to 1453.00.. which should contain a decline
Trade Accordingly
Sept Mini Russell 2000
Support is at 683.60 to 680.90 and 667.30 to 665.90
Resistance should appear near 707.40 to 708.80 and 714.30 to 717.00
Sept 10 Year T-Note
Resistance should appear near 105-07 then 105-21 and 106-07
Support is at 104-21 the 103-21 and 103-07
Sept 30 Year T-Bond
Resistance should appear near 107-21 and 108-07 which should cap a rally..
Support is at 106-21 and 106-07 , failure to maintain a posture over augurs for a test of 105-21 and 105-07
The Frenzied Forex Front
Sept Yen
Recommended open position Short at 8856
Resistance should appear near 8762 to 8777 and 8856 to 8871
Support should appear near 8683 to 8668 and the 8589 to 8560 region
Sept Euro Currency (EC)
Recommended Open Position Short 2 at 12648
Support should appear at 12715 to 12680, a close under augurs for an eventual test of the 12380 to 12320 region
Resistance should appear near 12815 and 12890
Sept Swiss Franc
Recommended Open Position Short 4 at 8162
Resistance should appear near 8194 to 8223
Support should appear near 8134 to 8119
Sept British Pound
Recommended open position Short at 2 18453 avg
Support should appear near 18220 to 18080
Resistance should appear near 18400 and 18580 to 18650
Sept Canadian Dollar
Resistance should appear near 8856 to 8871 and 8934 to 8964 which should cap a rally
Support is at 8777 to 8762 and 8721
Sept Aussie Dollar
Recommended open position short 2 at 7448 avg
Support should appear near 7513 to 7486 and 7428 to 7414
Resistance should appear near 7550 and 7586 to 7601
Precious Metals
August Gold
Resistance should appear at 657.7 to 659.1 and 665.9 to 667.3
Support is at 635.0 to 633.7 and 619.0 to 616.5
Sept Copper
Resistance should appear near 37340 to 37430
Support should appear near 34430 to 34250
Sept Silver
Resistance should appear near 1164.0 to 1169.0 and 1192.0 to 1203.0
Support is at 1101.0 to 1096. and 1068.0 to 1058.0
The Exciting Energies
August Crude Oil
Resistance should appear near 7675 to 7689 and 7762 to 7777
Support should appear near 7513 to 7486 and 7342 to 7328
August Unleaded gas
Resistance should appear near 23150 to 23220 and 23540 to 23700
Support should appear near 21850 to 21700 and 20880 to 20800
August Heating Oil
Support should appear near 19960 to 19820
Resistance should appear near 21260 to 21340
The Lively Livestock
August Cattle
Support should appear near 8317 to 8302 and 8222 to 8192
Resistance is at 8482 to 8502 and 8562 to 8592
August Hogs
Support is at 6837 to 6807 and 6757 to 6742
Resistance should appear near 6907 to 6922 and 6992 to 7002
Oct Hogs
Support is at 5957 to 5942
Resistance should appear 6102 to 6117 and 6162 to 6192
August Pork Bellies
Resistance should appear near 9707 to 9737 and 9922 to 9937
Support is at 9447 to 9427 and 9347 to 9317
The Grande’ Grains
August Soybeans
Resistance at 602 3/4 to 603 3/4 and 610 1/4 to 611 1/4
Support should appear near 595 3/4 to 594 1/2 and 588 to 585 1/2
August Soymeal
Resistance should appear near 177.4 to 178.0
Support should appear near 16960 to 16890
August Soybean Oil
Resistance should appear near 2758 to 2775 and 2820 to 2829
Support should appear near 2672 to 2663 and 2620 to 2612.
Dec Corn
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
Dec Wheat
Resistance should appear near 423 3/4 to 424 3/4 and 430 1/2 to 431 1/2
Support should appear near 418 1/4 to 416 1/4 and 412 to 411
Trade Accordingly
The Satisfying Softs
Sept ‘The Monster ' Coffee
Support should appear near 9935 to 9920 and 9735 to 9705
Resistance should appear near 10135 to 10105 and 10320 to 10360
Sept Cocoa
Support is at 1696 to 1689 and 1655 to 1642
Resistance should appear near 1731 to 1738 and 1774 to 1780
Oct Sugar
Resistance should appear near 1642 to 1655 and 1684 to 1696
Support should appear near 1615 to 1609 and 1576 to 1569
Dec Cotton
Support should appear near 5285 to 5255 and 5210 to 5200
Resistance should appear near 5415 to 5430 and 5490 to 5505
Trade Accordingly
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
Thursday July 13th 2006
2:30 PM South Florida Beach Time
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