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Support & Resistance Levels

This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.

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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

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.

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Futures Trading Levels

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
Economic Reports

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

Tags: > Posted in: Commodity Trading   | Future Trading News   | Futures Trading  

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