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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.

Daily chart of the mini Sp 500 for your review below along with levels to watch, volatility is INCREASING and one should always be ready for the unexpected with the US “debt battle” taking place. 1291.25 will be a key are to watch.

Daily Chart of the Mini S&P 500 from July 28th 2011

Daily Chart of the Mini S&P 500 from July 28th 2011

GOOD TRADING!

TRADING LEVELS!

Commodity Futures trading levels for July 29th, 2011

Economic Reports Friday July 29th, 2011

Advance GDP q/q
8:30am USD

Advance GDP Price Index q/q
8:30am USD

Employment Cost Index q/q
8:30am USD

Chicago PMI
9:45am USD

Revised UoM Consumer Sentiment
9:55am USD

Revised UoM Inflation Expectations
9:55am USD

Economics Report Source: http://www.forexfactory.com/calendar.php

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: Futures Trading  

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