Futures Levels & Economic Reports 7.01.2015
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Thursday July 1, 2015
Hello Traders,
For 2015 I would like to wish all of you discipline and patience in your trading!
Hello Traders,
Correction to yesterday’s commentary, the mini Russell did NOT close below 1244, which is still the level I am watching for as a confirmation for the downside.
This level is based on WEEKLY charts and I am looking for a DAILY close as a trigger – again, just my technical analysis and nothing more….
Wishing all of you a great trading month in July!
GOOD TRADING
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| Contract Sept. 2015 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2088.50 | 4449.08 | 17788 | 1265.33 | 96.92 |
| Resistance 2 | 2078.75 | 4430.67 | 17717 | 1259.77 | 96.40 |
| Resistance 1 | 2066.25 | 4408.83 | 17617 | 1254.43 | 96.05 |
| Pivot | 2056.50 | 4390.42 | 17546 | 1248.87 | 95.53 |
| Support 1 | 2044.00 | 4368.58 | 17446 | 1243.53 | 95.18 |
| Support 2 | 2034.25 | 4350.17 | 17375 | 1237.97 | 94.66 |
| Support 3 | 2021.75 | 4328.33 | 17275 | 1232.63 | 94.31 |
| Contract | Aug. Gold | Sept. Silver | Aug. Crude Oil | Sept. Bonds | Sept. Euro |
| Resistance 3 | 1193.9 | 16.27 | 61.78 | 152 22/32 | 1.1365 |
| Resistance 2 | 1186.9 | 16.06 | 60.73 | 152 3/32 | 1.1311 |
| Resistance 1 | 1179.3 | 15.87 | 60.03 | 151 7/32 | 1.1233 |
| Pivot | 1172.3 | 15.65 | 58.98 | 150 20/32 | 1.1179 |
| Support 1 | 1164.7 | 15.46 | 58.28 | 149 24/32 | 1.1101 |
| Support 2 | 1157.7 | 15.25 | 57.23 | 149 5/32 | 1.1047 |
| Support 3 | 1150.1 | 15.06 | 56.53 | 148 9/32 | 1.0969 |
| Contract | Dec. Corn | Sept. Wheat | Nov Beans | Dec. SoyMeal | Aug Nat Gas |
| Resistance 3 | 470.6 | 619.5 | 1116.67 | 376.07 | 2.94 |
| Resistance 2 | 451.2 | 618.8 | 1077.08 | 361.33 | 2.89 |
| Resistance 1 | 441.3 | 617.3 | 1057.17 | 353.17 | 2.86 |
| Pivot | 421.9 | 616.5 | 1017.58 | 338.43 | 2.80 |
| Support 1 | 412.1 | 615.0 | 997.7 | 330.3 | 2.8 |
| Support 2 | 392.7 | 614.3 | 958.08 | 315.53 | 2.72 |
| Support 3 | 382.8 | 612.8 | 938.17 | 307.37 | 2.69 |
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 3:38pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| WedJul 1 | 3:15am | EUR | Spanish Manufacturing PMI | 55.6 | 55.8 | ||||
| 3:45am | EUR | Italian Manufacturing PMI | 54.4 | 54.8 | |||||
| 3:50am | EUR | French Final Manufacturing PMI | 50.5 | 50.5 | |||||
| 3:55am | EUR | German Final Manufacturing PMI | 51.9 | 51.9 | |||||
| 4:00am | EUR | Final Manufacturing PMI | 52.5 | 52.5 | |||||
| All Day | EUR | Eurogroup Meetings | |||||||
| 7:30am | USD | Challenger Job Cuts y/y | -22.5% | ||||||
| 8:15am | USD | ADP Non-Farm Employment Change | 219K | 201K | |||||
| 9:45am | USD | Final Manufacturing PMI | 53.4 | 53.4 | |||||
| 10:00am | USD | ISM Manufacturing PMI | 53.2 | 52.8 | |||||
| USD | Construction Spending m/m | 0.4% | 2.2% | ||||||
| USD | ISM Manufacturing Prices | 51.1 | 49.5 | ||||||
| 10:30am | USD | Crude Oil Inventories | -1.6M | -4.9M | |||||
| All Day | USD | Total Vehicle Sales | 17.2M | 17.8M |
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 here in 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
