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          The Bill Chippas Show

FuturesCom Investment Publications
Morning Comments  Wed July 19th 2006
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Tuesday July 18th  2006
3:00 PM South Florida Beach Time
                                                                                                                                                               

 

                            The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Support
  is at the 10,680.00 to 10,580.00 region.  Below that buyers should appear near
10360.00 to 10,320.00 and should contain a decline ..
Resistance should appear near 10,820.00 and the 10,960.00 to 11,010.00 region .. Which should cap a rally..  

Trade Accordingly

Sept  SP500
Support
is at  the 1238.00 to 1232.00 region.. Below that buyers should appear near 1217.50 and the 1203.00 to 1192.00 region..
BW  Traders can buy at 1203.1 for a bounce and risk a close under 1190.10  for three days in a row .
Resistance
should appear near  1253.00 and the 1268.00 to 1274.00 region  

NASDAQ Composite
Support
should appear near 2015 and  the 1996.00 to 1982.00 region
Resistance
should  appear near 2034 to 2042  

Sept Mini Nasdaq 100
Resistance
should appear near 1484.00 to 1496.00  and the 1529 to 1535 region.
Support should appear near 1459.00 to 1453.00 and the 1421.00 to 1415.00 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 690.60 to 691.90 and 699.0 to 700.30

Sept  10 Year T-Note  
Resistance
should appear near  105-07 and 105-21
Support  is
at  104-21 and  104-07 

Sept  30 Year  T-Bond
Resistance
should appear near  107-07 and 107-21..
Support  is
at  106-21 , a close under augurs for a test of 106-07 , failure to maintain a posture over augurs for a test of 105-21

Trade accordingly   

 

The Frenzied Forex Front 

Sept  Yen
Resistance
should appear near 8668 to 8683  and  8762 to 8777.. BW  Traders can sell at 8761 for a turn lower 
Support should appear near  8589 to 8560  and the  8499 to 8484 region. 

Sept  Euro Currency (EC)
Support
should appear at 12530 and the 12380 to 12320
Resistance should appear near 12605 and 12680 to 12740. 

Sept Swiss Franc
Resistance should appear near 8119 to 8134  and 8300 to 8314
BW Traders can sell at 8261 for a turn lower and hold for lower prices..

Support 
should  appear near 8044 to 8029 and 7954 to 7939 

Sept  British Pound
Support
should appear near 8220 to 18080  
Resistance
should appear near 18580 to 18650.
BW Traders can sell at 18612 for a turn lower and hold for lower prices..

Sept  Canadian Dollar
Resistance
should appear near the 8856 to 8871 and 8934 to 8964
Support is at  8777 to 8762 and the 8683 to 8668 region.

Sept Aussie Dollar
Recommended open position Short at  7486
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  648.3 to 650.9 and 657.7 to 659.1
Support is at  635.0 to 633.7  and 619 to 616.5

Sept Copper
Resistance  
should appear near 36130 to 36230 and 37340 to 37430     
Support
should appear near 35630 to 35530 and 33860 to 33760    

Sept  Silver 
Resistance
should appear near 1130.0 to 1136.0
Support  is at 1068.0 to 1058.0

The Exciting Energies

Sept Crude Oil
Resistance
should appear near 7763 to 7777 and 7836 to 7864
Support  
should appear near  7513 to 7486 and 7342 to 7328

Sept Unleaded gas
Resistance
should appear near 23150 to 23220 and  23540 to 23700
Support should appear near 22260 to 22190 and  21850 to 21700  

Sept Heating Oil
Support
should appear near 20420 to 20340 and 19960 to 19820
Resistance
should appear near  21700 to 21850 and 22190 to 22260   

                                  
                                      The Lively Livestock

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

August   Hogs
Support
is at  6757 to 6742  below that a test of 6672 to 6657 is likely
Resistance should appear  6907 to 6922 and the  6992 to 7002 region.

Oct Hogs
Resistance
 is at  6102 to 6117 and the 6162 to 6192 region .. Beyond that sellers should appear near 6257 to 6272
BW  Traders can sell at 6247 and hold for  lower prices.
Support should appear near 6037 to 6022, a close under augurs for a test of 5957 to 5942 and the 5882 to 5852 region .

August Pork Bellies
Resistance
 should
 appear near 9317 to 9347 and 9527 to 9542 
Support
 is at 9157 to 9142 and 9062 to 9042..


                                        The Grande’ Grains

Aug  Soybeans
Resistance
at  594 1/2 to 595 3/4 and 602 1/4 to 603 1/2 
Support should appear near 588 to 585 1/2,   below that a test of 572 3/4 to 571 3/4 is likely 

Nov Soybeans
Resistance
at  616 1/2 to 619  and 625 3/4 to 627
Support
should appear near 602 1/4  and  595 3/4 to 594 1/2

Aug Soymeal
Resistance should
appear near  173.1 to 173.8
Support
 should appear near  165.5 to 164.2 region  

Dec Soymeal
Resistance should
appear near  177.4 to 178.0 . 
Support
 should appear near 169.6 to 168.9

August Soybean Oil
Resistance
should appear near 2716 to 2724 and 2758 to 2775 
Support should appear near 2672 to 2663 and 2620 to 2612   

Dec Bean Oil
Resistance
should appear near  2820 to 2829 and 2874 to 2883 
Suppor
t should appear near 2758 and the 2672 to 2663 

Dec Corn
Resistance
should appear near 271 3/4 to 272 1/2 and 275 3/4 to 277 1/2.
Support is at  267 1/4 to 266 1/4  and 256 3/4 to 255 3/4 

Dec Wheat
Resistance
should appear near  416 1/4 to 418 1/4 and 423 3/4 to 424 3/4
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 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  1529 to 1535 and 1496 to 1484  
Resistance should appear near 1609 to 1615 and 1642 to 1655 .

Oct Sugar
Resistance
should appear near 1609 to 1615 .
Support  should appear near  1535 to 1529

Dec Cotton
Support
should appear near 5070 to 5045 and 4995 to 4975,  
Resistance should appear near 5345 to 5355 and 5415 to 5430

A Ship in Harbor is Safe...But that is not what ships are built for -

Happy Trading !

Bill  wil@futurescom.com
1-866-409-3890

Monday July 17,   2006
7:15 PM  South Florida Beach Time

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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 7-17-2006
Short Sept Swiss Francs 8133  
Short Sept Aussie Dollars 7486