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The Bill Chippas Show
FuturesCom Investment Publications
Morning Comments Friday July 28th 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
Thursday July 27th 2006
3:00 PM South Florida Beach Time
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Support is at 11,010.00 to 10,960.00
Resistance should appear near 11,155.00 and 11,300 to 11,360.00
Sept SP500
Support is at 1268.00 and 1253.00.
Resistance should appear near 1274.00 and 1281.50. Beyond that 1289.00 should cap a rally.
NASDAQ Composite
Support should appear near 2042.00 to 2034.00
Resistance should appear near2080.00 to 2089.00
Sept Mini Nasdaq 100
Resistance should appear near 1496.00 and 1512.50
Support should appear near 1484.00 then 1471.50 and the 1459.00 to 1453.00 region.
Sept Mini Russell 2000
Support is at 683.6 to 680.90 and 675.50 to 674.30
Resistance should appear near 690.60 to 691.90 and 699.00 to 700.30 .
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 8762 to 8777.. BW Traders can sell at 8761 for a turn lower
Support should appear near 8683 to 8668.
Sept Euro Currency (EC)
Support should appear at 12715 to 12680 and 12530 .
Resistance should appear near 12767 and 12815
Sept Swiss Franc
Resistance should appear near 8119 to 8134 and 8194 to 8223
Support should appear near 8044 to 8029 and 7954 to 7939
Sept British Pound
Support should appear near 18400 and 18220 to 18080
Resistance should appear near 18615 to 18650 and 18835
Sept Canadian Dollar
Resistance should appear near 8856 to 8871
Support is at 8683 to 8668
Sept Aussie Dollar
Support should appear near 7513 to 7486
Resistance should appear near 7675 to 7689
Precious Metals
Dec 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 34930 to 35030 and 36130 to 36230
Support should appear near 33860 to 33770 and 32130 to 31940
Sept Silver
Resistance should appear near 1164.0 to 1169.0
Support is at 1101.0 to 1096.0
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 7170 to 7143
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 8682 to 8667 and 8592 to 8562
Resistance is at 8857 to 8872 and 9042 to 9062
Oct Hogs
Resistance is at 5942 to 5957 and 6022 to 6037.
Support should appear near 5807 to 5792 and 5732 to 5717
August Pork Bellies
Resistance should appear near 9142 to 9157 and 9317 to 9347
Support is at 8967 to 8937 and 8872 to 8857
The Grande’ Grains
Nov Soybeans
Resistance at 602 1/4 to 603 1/2 and 610 1/4 to 611 1/4
Support should appear near 588 to 585 1/2 and 580 1/2 to 579 1/4
Dec Soymeal
Resistance should appear near 173.1 to 173.8
Support should appear near 169.6 to 168.9
Dec Bean Oil
Resistance should appear near 2716 to 2724
Support should appear near 2620 to 2612
Dec Corn
Resistance should appear near 261 1/4 to 262 1/4
Support is at 246 3/4 to 246 1/4
Dec Wheat
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 392 3/4 to 390 3/4
The Satisfying Softs
Sept ‘The Monster ' Coffee
Support should appear near 9545 to 9525 and 9345 to 9315
Resistance should appear near 9705 to 9735 and the 9925 to 9940 region
Sept Cocoa
Support is at 1459 to 1453
Resistance should appear near 1529 to 1535.
Oct Sugar
Resistance should appear near 1484 to 1496.
Support should appear near 1459 to 1453
Dec Cotton
Support should appear near 5505 to 5490 and 5430 to 5415
Resistance should appear near 5640 to 5655 and 57615 to 5730
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 27th 2006
4:00 PM South Florida Beach Time
FuturesCom 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 7-27-2006
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