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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 Wednesday July 25, 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 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)

Date 3:53pm Currency Impact Detail Actual Forecast Previous Graph

Jul 25
4:00am EUR
German Ifo Business Climate
104.8 105.3
Tentative EUR
German 30-y Bond Auction
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

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