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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.

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 Friday June 8, 2012

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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 Sept. 2012 SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell Dollar Index
Resistance 3 1340.33 2594.67 12616 788.43 83.01
Resistance 2 1334.92 2582.33 12580 782.57 82.73
Resistance 1 1323.83 2557.67 12510 771.03 82.52
Pivot 1318.42 2545.33 12474 765.17 82.24
Support 1 1307.33 2520.67 12404 753.63 82.02
Support 2 1301.92 2508.33 12368 747.77 81.74
Support 3 1290.83 2483.67 12298 736.23 81.53


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 1674.1 1.2702 89.22 150 7/32
Resistance 2 1652.4 1.2665 88.13 149 20/32
Resistance 1 1622.8 1.2615 86.03 149 7/32
Pivot 1601.1 1.2578 84.94 148 20/32
Support 1 1571.5 1.2528 82.84 148 7/32
Support 2 1549.8 1.2491 81.75 147 20/32
Support 3 1520.2 1.2441 79.65 147 7/32

4. Support & Resistance Levels for Corn, Wheat, Beans and Silver

Contract July Corn July Wheat July Beans July Silver
Resistance 3 616.0 654.0 1457.67 3068.2
Resistance 2 608.5 649.3 1443.33 3017.8
Resistance 1 601.3 645.5 1435.67 2936.7
Pivot 593.8 640.8 1421.33 2886.3
Support 1 586.5 637.0 1413.7 2805.2
Support 2 579.0 632.3 1399.33 2754.8
Support 3 571.8 628.5 1391.67 2673.7


5. Economic Reports

source:http://www.forexfactory.com/calendar.php

All times are Eastern time Zone (EST)

Fri

Jun 8

 Up Next 2:00am EUR
German Trade Balance
13.3B
13.7B
2:45am EUR
French Gov Budget Balance
-29.4B
2:45am EUR
French Trade Balance
-5.7B
-5.7B
4:00am EUR
Italian Industrial Production m/m
-0.4%
0.5%
8:30am USD
Trade Balance
-49.4B
-51.8B
10:00am USD
Wholesale Inventories m/m
0.5%
0.3%

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

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

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