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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.

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 16, 2012

 

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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.

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 1412.00 2755.17 13208 816.90 83.20
Resistance 2 1408.80 2746.83 13187 809.60 83.02
Resistance 1 1405.90 2741.67 13163 805.90 82.86
Pivot 1402.70 2733.33 13142 798.60 82.69
Support 1 1399.80 2728.17 13118 794.90 82.53
Support 2 1396.60 2719.83 13097 787.60 82.35
Support 3 1393.70 2714.67 13073 783.90 82.19

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 1629.3 1.2419 97.38 147 31/32
Resistance 2 1619.0 1.2384 96.14 147 18/32
Resistance 1 1612.6 1.2338 95.16 146 27/32
Pivot 1602.3 1.2303 93.92 146 14/32
Support 1 1595.9 1.2257 92.94 145 23/32
Support 2 1585.6 1.2222 91.70 145 10/32
Support 3 1579.2 1.2176 90.72 144 19/32

4. Support & Resistance Levels for Corn, Wheat, Beans and Silver

Contract Dec. Corn Sept. Wheat Nov. Beans Sept. Silver
Resistance 3 818.9 851.7 1654.67 2854.3
Resistance 2 812.3 850.3 1644.83 2825.2
Resistance 1 808.2 847.7 1639.67 2801.3
Pivot 801.6 846.3 1629.83 2772.2
Support 1 797.4 843.7 1624.7 2748.3
Support 2 790.8 842.3 1614.83 2719.2
Support 3 786.7 839.7 1609.67 2695.3



5. Economic Reports

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

All times are Eastern time Zone (EST)

Date 3:55pm Currency Impact Detail Actual Forecast Previous Graph
Thu

Aug 16
 5:00am EUR
CPI y/y
2.4% 2.4%
5:00am EUR
Core CPI y/y
1.7% 1.6%
8:30am USD
Building Permits
0.77M 0.76M
8:30am USD
Unemployment Claims
365K 361K
8:30am USD
Housing Starts
0.76M 0.76M
10:00am USD
Philly Fed Manufacturing Index
-4.7 -12.9
10:30am USD
Natural Gas Storage
25B 24B
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: Future Trading News  

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