Posted By: Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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 1, 2012
Heads up traders! front month for bonds, ten years and other financials is now September.
Front month for gold is August.
June is still front month for indices and currencies.
Monthly employment figures are out tomorrow at 8:30 Am Eastern Time! This is a market moving report, so be prepared!
May is officially behind us ( trading wise) and with the new trading month starting, I decided to share monthly chart of mini SP 500 below for your longer term overview.
May June be a trading month filled with patience and discipline!
Monthly chart of the mini S&P for your review below:
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.
|Contract June 2012||SP500 (big & Mini)||Nasdaq100 (big & Mini)||Dow Jones (big & Mini)||Mini Russell||Dollar Index|
|Contract||Aug Gold||June Euro||July Crude Oil||Sept. Bonds|
|Resistance 3||1597.3||1.2511||90.38||153 11/32|
|Resistance 2||1585.9||1.2470||89.33||152 2/32|
|Resistance 1||1575.7||1.2419||87.96||151 2/32|
|Support 1||1554.1||1.2327||85.54||148 25/32|
|Support 2||1542.7||1.2286||84.49||147 16/32|
|Support 3||1532.5||1.2235||83.12||146 16/32|
4. Support & Resistance Levels for Corn, Wheat, Beans and Silver
|Contract||July Corn||July Wheat||July Beans||July Silver|
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