Trading Levels and Reports for July 25, 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 25, 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 | 1364.57 | 2620.67 | 12840 | 792.73 | 84.79 |
| Resistance 2 | 1355.28 | 2604.33 | 12753 | 785.87 | 84.52 |
| Resistance 1 | 1342.77 | 2576.67 | 12638 | 774.93 | 84.30 |
| Pivot | 1333.48 | 2560.33 | 12551 | 768.07 | 84.03 |
| Support 1 | 1320.97 | 2532.67 | 12436 | 757.13 | 83.82 |
| Support 2 | 1311.68 | 2516.33 | 12349 | 750.27 | 83.55 |
| Support 3 | 1299.17 | 2488.67 | 12234 | 739.33 | 83.33 |
3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds
| Contract | Aug Gold | Sept. Euro | Sept. Crude Oil | Sept. Bonds | |
| Resistance 3 | 1602.9 | 1.2230 | 91.05 | 154 31/32 | |
| Resistance 2 | 1593.5 | 1.2188 | 90.07 | 154 2/32 | |
| Resistance 1 | 1586.7 | 1.2134 | 89.39 | 153 16/32 | |
| Pivot | 1577.3 | 1.2092 | 88.41 | 152 19/32 | |
| Support 1 | 1570.5 | 1.2038 | 87.73 | 152 1/32 | |
| Support 2 | 1561.1 | 1.1996 | 86.75 | 151 4/32 | |
| Support 3 | 1554.3 | 1.1942 | 86.07 | 150 18/32 |
4. Support & Resistance Levels for Corn, Wheat, Beans and Silver
| Contract | Dec. Corn | Sept. Wheat | Nov. Beans | Sept. Silver | |
| Resistance 3 | 821.9 | 913.0 | 1605.00 | 2777.2 | |
| Resistance 2 | 800.1 | 897.8 | 1591.00 | 2745.8 | |
| Resistance 1 | 789.2 | 888.3 | 1580.25 | 2720.2 | |
| Pivot | 767.3 | 873.0 | 1566.25 | 2688.8 | |
| Support 1 | 756.4 | 863.5 | 1555.5 | 2663.2 | |
| Support 2 | 734.6 | 848.3 | 1541.50 | 2631.8 | |
| Support 3 | 723.7 | 838.8 | 1530.75 | 2606.2 |
5. Economic Reports
All times are Eastern time Zone (EST)
source:http://www.forexfactory.com/calendar.php
| Date | 3:53pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
| Wed
Jul 25
|
4:00am | EUR |
German Ifo Business Climate
|
104.8 | 105.3 | ||||
| Tentative | EUR |
German 30-y Bond Auction
|
2.41|1.1 | ||||||
| 9:00am | EUR |
Belgium NBB Business Climate
|
-13.5 | -13.2 | |||||
| 10:00am | USD |
New Home Sales
|
372K | 369K | |||||
| 10:00am | USD |
Treasury Sec Geithner Speaks
|
|||||||
| 10:30am | USD |
Crude Oil Inventories
|
-0.1M | -0.8M |
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
