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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.

Online Futures and Commodities Market Reports for July 28th 2010

“The Dow Jones Average is leading the way”

Market made recent highs overnight, backed down and managed to close unchanged.

I think with this recent move, it is the Dow Jones average which is leading the way.

Below is a daily chart of the mini Dow Jones futures along with some Fibonacci levels.
My speculation is that an hourly close during the day session tomorrow above 10520 can trigger 10760,
on the flip side, an hourly close below 10435 can bring 10320 much closer.

YM  - E-Mini Dow Futures - $5 Multiplier, Equalized Active Daily Continuation

YM – E-Mini Dow Futures – $5 Multiplier, Equalized Active Daily Continuation

Trading Levels:

This Week’s Calendar from Econoday.Com

Futures Trading Levels for July 28th 2010

Futures Trading Levels for July 28th 2010

All reports are EST time
Wednesday July 28th –

  • MBA Purchase Applications – 7:00 AM ET
  • Durable Goods Orders – 8:30 AM ET
  • EIA Petroleum Status Report – 10:30 AM ET
  • 5-Yr Note Auction – 1:00 PM ET
  • ¬†Beige Book – 2:00 PM ET

Trading commodity futures and options involves substantial risk of loss. The recommendations contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results. This is not a solicitation of any order to buy or sell, but a current futures 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: Commodity Trading   | Future Trading News   | Futures Trading  

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