Jump to a section in this post:
1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Tuesday June 5, 2012
Hello Traders,
Heads up traders! Front month for bonds, ten years and other financials is now September.
Front month for gold is August.
June is still front month for indices and currencies.
Below is a screen shot of the Mini Sp 500 chart I shared during today’s session with clients and prospects during our live trading signals session
Renko mini S&P chart for your review below:
Would you like to have access to my DIAMOND and TOPAZ ALGOs as shown above and be able to apply for any market and any time frame on your own PC ? You can now have a two weeks free trial where I enable the ALGO along with few studies for your own sierra/ ATcharts.
OR you can simply “stop by” and view my live screen.
To start your trial, please visit:
https://www.cannontrading.com/tools/intraday-futures-trading-signals
GOOD TRADING!
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
| Contract June 2012 | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell | Dollar Index |
| Resistance 3 | 1298.00 | 2523.67 | 12200 | 756.03 | 83.60 |
| Resistance 2 | 1289.60 | 2502.33 | 12160 | 749.27 | 83.38 |
| Resistance 1 | 1282.30 | 2485.67 | 12110 | 742.03 | 83.00 |
| Pivot | 1273.90 | 2464.33 | 12070 | 735.27 | 82.77 |
| Support 1 | 1266.60 | 2447.67 | 12020 | 728.03 | 82.39 |
| Support 2 | 1258.20 | 2426.33 | 11980 | 721.27 | 82.17 |
| Support 3 | 1250.90 | 2409.67 | 11930 | 714.03 | 81.79 |
3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds
| Contract | Aug Gold | June Euro | July Crude Oil | Sept. Bonds | |
| Resistance 3 | 1650.6 | 1.2671 | 88.26 | 152 23/32 | |
| Resistance 2 | 1640.1 | 1.2591 | 86.25 | 152 12/32 | |
| Resistance 1 | 1630.9 | 1.2546 | 85.22 | 151 29/32 | |
| Pivot | 1620.4 | 1.2466 | 83.21 | 151 18/32 | |
| Support 1 | 1611.2 | 1.2421 | 82.18 | 151 3/32 | |
| Support 2 | 1600.7 | 1.2341 | 80.17 | 150 24/32 | |
| Support 3 | 1591.5 | 1.2296 | 79.14 | 150 9/32 |
4. Support & Resistance Levels for Corn, Wheat, Beans and Silver
| Contract | July Corn | July Wheat | July Beans | July Silver | |
| Resistance 3 | 579.8 | 637.3 | 1364.00 | 2936.3 | |
| Resistance 2 | 574.7 | 632.9 | 1358.00 | 2902.2 | |
| Resistance 1 | 571.3 | 630.3 | 1349.00 | 2863.8 | |
| Pivot | 566.2 | 625.9 | 1343.00 | 2829.7 | |
| Support 1 | 562.8 | 623.3 | 1334.0 | 2791.3 | |
| Support 2 | 557.7 | 618.9 | 1328.00 | 2757.2 | |
| Support 3 | 554.3 | 616.3 | 1319.00 | 2718.8 |
5. Economic Reports
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
3:45am
This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading