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 Thursday August 2, 2012
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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 | 1390.33 | 2686.67 | 13103 | 803.73 | 84.22 |
| Resistance 2 | 1385.77 | 2670.83 | 13060 | 796.57 | 83.75 |
| Resistance 1 | 1378.13 | 2649.67 | 12987 | 783.23 | 83.49 |
| Pivot | 1373.57 | 2633.83 | 12944 | 776.07 | 83.02 |
| Support 1 | 1365.93 | 2612.67 | 12871 | 762.73 | 82.76 |
| Support 2 | 1361.37 | 2596.83 | 12828 | 755.57 | 82.29 |
| Support 3 | 1353.73 | 2575.67 | 12755 | 742.23 | 82.03 |
3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds
| Contract | Dec Gold | Sept. Euro | Sept. Crude Oil | Sept. Bonds | |
| Resistance 3 | 1645.4 | 1.2427 | 91.64 | 152 22/32 | |
| Resistance 2 | 1633.6 | 1.2386 | 90.55 | 152 3/32 | |
| Resistance 1 | 1618.6 | 1.2308 | 89.68 | 151 12/32 | |
| Pivot | 1606.8 | 1.2267 | 88.59 | 150 25/32 | |
| Support 1 | 1591.8 | 1.2189 | 87.72 | 150 2/32 | |
| Support 2 | 1580.0 | 1.2148 | 86.63 | 149 15/32 | |
| Support 3 | 1565.0 | 1.2070 | 85.76 | 148 24/32 |
4. Support & Resistance Levels for Corn, Wheat, Beans and Silver
| Contract | Dec. Corn | Sept. Wheat | Nov. Beans | Sept. Silver | |
| Resistance 3 | 831.8 | 902.2 | 1682.00 | 2882.3 | |
| Resistance 2 | 818.2 | 891.8 | 1659.00 | 2842.2 | |
| Resistance 1 | 809.3 | 885.7 | 1644.00 | 2786.3 | |
| Pivot | 795.7 | 875.3 | 1621.00 | 2746.2 | |
| Support 1 | 786.8 | 869.2 | 1606.0 | 2690.3 | |
| Support 2 | 773.2 | 858.8 | 1583.00 | 2650.2 | |
| Support 3 | 764.3 | 852.7 | 1568.00 | 2594.3 |
5. Economic Reports
All times are Eastern time Zone (EST)
source:http://www.forexfactory.com/calendar.php
| Date | 4:07pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
| Thu
Aug 2
|
3:00am | EUR |
Spanish Unemployment Change
|
-98.9K | |||||
| 5:00am | EUR |
PPI m/m
|
-0.3% | -0.5% | |||||
| Tentative | EUR |
Spanish 10-y Bond Auction
|
6.43|3.2 | ||||||
| 7:30am | USD |
Challenger Job Cuts y/y
|
-9.4% | ||||||
| 7:45am | EUR |
Minimum Bid Rate
|
0.75% | 0.75% | |||||
| 8:30am | EUR |
ECB Press Conference
|
|||||||
| 8:30am | USD |
Unemployment Claims
|
375K | 353K | |||||
| 10:00am | USD |
Factory Orders m/m
|
0.4% | 0.7% | |||||
| 10:30am | USD |
Natural Gas Storage
|
22B | 26B | |||||
| Tentative | USD |
Loan Officer Survey
|
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