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          The Bill Chippas Show

FuturesCom Investment Publications
Morning Comments  Friday July 21st 2006
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Thursday July 20th  2006
1:00 PM South Florida Beach Time
                                                                                                                                                               

 

                            The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Support
 is at the 10,960.00 and 10820.00.
Resistance should appear near  11,155.00 and 11,300.00 to 11,360.00

Sept  SP500
Support
is at  the 1253.00 and the 1238.00 to 1232.00 region..
Resistance should appear near  the 1268.00 to 1274.00 region  

NASDAQ Composite
Support
should appear near 2042.00 to 2034.00
Resistance
should  appear near 2080 to 2089.00 

Sept Mini Nasdaq 100
Resistance
should appear near  the 1496.00 then 1512.50 and 1529 to 1535 region.
Support should appear near 1484 and 1471.5 .. below that buyers should appear near 1459.00 to 1453.00   

Sept Mini Russell 2000
Support
is at 691.90 to 690.60 and 683.60 to 680.90
Resistance
should appear near 699.0 to 700.30 and 707.40 to 708.80 and 714.30 to 717.00 

Sept  10 Year T-Note  
Resistance
should appear near  105-21 and 106-07
Support  is
at  105-07 and 104-21 

Sept  30 Year  T-Bond
Resistance
should appear near  108-07  and 108-21
Support  is
at  107-07 and 106-21
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 12680 to 12740 and
12815 
BW Traders can sell at 12815 for a turn lower and hold for lower prices.  
 

Sept Swiss Franc
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 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 8856 to 8871 and the 8934 to 8964 region
Support is at  8777 to 8762

Sept Aussie Dollar
Support
should appear near 7486 and 7428 to 7414 
Resistance
should appear near 7513 and 7587 to 7601

 

                                       Precious Metals

August  Gold
Resistance
should appear at  641.7 to 643.0 and 648.3 to 650.9
Support is at  619 to 616.5 and 603.5 top 602.3

Sept Copper
Resistance  
should appear near  34250 to 34430 and 36130 to 36230   
Support
should appear near 33860 to 33760 and 32130 to 31940    

Sept  Silver 
Resistance
should appear near  1130.0 to 1138.0
Support  is at 1068.00 to 1058.0

The Exciting Energies

Sept Crude Oil
Resistance
should appear near  7486 to 7513 and  7587 to 7601
Support  
should appear near  7342 to 7328 and 7255 to 7242

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 19960 to 19820 and 19530 to 19460
Resistance
should appear near  20800 to 20890 and 21260 to 21340    

                                  
                                      The Lively Livestock

Oct  Cattle
Support
should appear near the 8682 to 8667 and 8592 to 8562 
Resistance is at 8857 to 8872 and 8932 to 8967    

August   Hogs
Support
is at  6672 to 6657  and 6592 to 6577
Resistance should appear  6807 to 6837 and 6907 to 6922.

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

August Pork Bellies
Resistance
 should
 appear near  9317 top 9347 and 9427 to 9447  
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 580 1/2 to 579 1/4 and 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 603 1/2 to 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 2663 to 2672  
Support should appear near 2568 to 2558  

Dec Bean Oil
Resistance
should appear near 2758 to 2775 and 2820 to 2829
Suppor
t should appear near 2672 to 2663 and 2620 to 2612

Dec Corn
Resistance
should appear near 266 1/4 to 267 1/4 and 271 3/4 to 272 1/2 
Support is at  256 3/4 to 255 3/4  and 251 3/4 to 251 1/4

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  412 to 411 and 405 3/4 to 404 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 9705 to 9735 and 9920 to 9935   

Sept Cocoa
Support
is at  1496 to 1484 and 1459 to 1453
Resistance should appear near 1529 to 1535 and 1569 to 1576 .

Oct Sugar
Resistance
should appear near 1569 to 1576 and 1609 to 1615 .
Support  should appear near  1529 and 1496 to 1484 

Dec Cotton
Support
should appear near 5355 to 5345 and 5285 to 5255 
Resistance should appear near 5490 to 5505 and 5555 to 5580 

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

Thursday July 20th,   2006
2:00 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 7-20-2006
NONE