Trading Levels and Reports for July 11, 2012
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 Wednesday July 11, 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 | 1376.17 | 2652.67 | 12945 | 825.10 | 84.27 |
| Resistance 2 | 1366.23 | 2639.33 | 12855 | 817.10 | 83.96 |
| Resistance 1 | 1350.87 | 2594.67 | 12720 | 805.00 | 83.76 |
| Pivot | 1340.93 | 2581.33 | 12630 | 797.00 | 83.45 |
| Support 1 | 1325.57 | 2536.67 | 12495 | 784.90 | 83.24 |
| Support 2 | 1315.63 | 2523.33 | 12405 | 776.90 | 82.93 |
| Support 3 | 1300.27 | 2478.67 | 12270 | 764.80 | 82.73 |
3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds
| Contract | Aug Gold | Sept. Euro | Aug Crude Oil | Sept. Bonds | |
| Resistance 3 | 1629.7 | 1.2422 | 87.70 | 151 30/32 | |
| Resistance 2 | 1615.8 | 1.2384 | 86.83 | 151 15/32 | |
| Resistance 1 | 1592.1 | 1.2323 | 85.40 | 151 5/32 | |
| Pivot | 1578.2 | 1.2285 | 84.53 | 150 22/32 | |
| Support 1 | 1554.5 | 1.2224 | 83.10 | 150 12/32 | |
| Support 2 | 1540.6 | 1.2186 | 82.23 | 149 29/32 | |
| Support 3 | 1516.9 | 1.2125 | 80.80 | 149 19/32 |
4. Support & Resistance Levels for Corn, Wheat, Beans and Silver
| Contract | Dec. Corn | Sept. Wheat | Nov. Beans | Sept. Silver | |
| Resistance 3 | 733.5 | 849.2 | 1566.50 | 2822.7 | |
| Resistance 2 | 729.5 | 840.1 | 1558.50 | 2790.3 | |
| Resistance 1 | 723.5 | 830.7 | 1548.50 | 2735.7 | |
| Pivot | 719.5 | 821.6 | 1540.50 | 2703.3 | |
| Support 1 | 713.5 | 812.2 | 1530.5 | 2648.7 | |
| Support 2 | 709.5 | 803.1 | 1522.50 | 2616.3 |
5. Economic Reports
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 4:06pm | Currency | Impact | Detail | Actual | Forecast | Previous | Chart | |
|
Wed
Jul 11 |
2:00am | EUR |
German Final CPI m/m
|
 |
-0.1% |
-0.1%
|
 |
||
| Tentative | EUR |
German 10-y Bond Auction
|
|
1.52|1.4
|
|||||
| 8:30am | USD |
Trade Balance
|
|
-48.5B |
-50.1B
|
|
|||
| 10:00am | USD |
Wholesale Inventories m/m
|
 |
0.4% |
0.6%
|
|
|||
| 10:30am | USD |
Crude Oil Inventories
|
|
-1.4M |
-4.3M
|
|
|||
| 1:00pm | USD |
10-y Bond Auction
|
|
1.62|3.1
|
|||||
| 2:00pm | USD |
FOMC Meeting Minutes
|
|
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
