Gold Futures Outlook 7.08.2016

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

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 Friday July 8, 2016

Hello Traders,

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.

If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

Futures Trading Levels 

Contract Sept. 2016  SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2121.67 4499.25 18061 1169.97 96.87
Resistance 2 2111.83 4480.25 17978 1162.33 96.63
Resistance 1 2101.42 4465.50 17892 1153.87 96.47
Pivot 2091.58 4446.50 17809 1146.23 96.23
Support 1 2081.17 4431.75 17723 1137.77 96.07
Support 2 2071.33 4412.75 17640 1130.13 95.83
Support 3 2060.92 4398.00 17554 1121.67 95.67
Contract Aug. Gold Sept. Silver Aug. Crude Oil Sept. Bonds Sept.   Euro
Resistance 3 1393.1 21.03 50.73 178 9/32 1.1182
Resistance 2 1383.0 20.68 49.49 177 15/32 1.1160
Resistance 1 1372.2 20.22 47.35 176 28/32 1.1125
Pivot 1362.1 19.87 46.11 176 2/32 1.1103
Support 1 1351.3 19.41 43.97 175 15/32 1.1069
Support 2 1341.2 19.06 42.73 174 21/32 1.1047
Support 3 1330.4 18.60 40.59 174 2/32 1.1012
Contract Dec. Corn Sept. Wheat Nov. Beans Dec. SoyMeal Aug. Nat Gas
Resistance 3 369.8 449.3 1112.92 399.07 2.95
Resistance 2 365.2 444.0 1095.08 391.03 2.89
Resistance 1 356.8 434.8 1059.92 375.87 2.83
Pivot 352.2 429.5 1042.08 367.83 2.78
Support 1 343.8 420.3 1006.9 352.7 2.7
Support 2 339.2 415.0 989.08 344.63 2.66
Support 3 330.8 405.8 953.92 329.47 2.60

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

All times are Eastern time Zone (EST)

Date 3:53pm Currency Impact Detail Actual Forecast Previous Graph
FriJul 8  2:00am EUR
German Trade Balance
22.3B 24.0B
2:45am EUR
French Gov Budget Balance
-56.5B
EUR
French Industrial Production m/m
-0.4% 1.2%
4:30am GBP
Goods Trade Balance
-10.2B -10.5B
8:30am USD
Average Hourly Earnings m/m
0.2% 0.2%
USD
Non-Farm Employment Change
175K 38K
USD
Unemployment Rate
4.8% 4.7%
3:00pm USD
Consumer Credit m/m
16.7B 13.4B

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 judgement in trading.