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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 July 26, 2012

 

Hello Traders,

Here is a screen shot from my intraday set up from today’s session for the mini SP500.  Please inquire if you have questions.

Mini sp daily chart

Would you like to have access to my DIAMOND and TOPAZ ALGOs as shown above and be able to apply for any market and any time frame on your own PC ?   You can now have a two weeks free trial where I enable the ALGO along with few studies for your own sierra/ ATcharts.

To start your trial, please visit:https://www.cannontrading.com/tools/intraday-futures-trading-signals

OR

send me an email with the following information:

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GOOD TRADING!

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 1351.33 2595.58 12750 786.30 84.59
Resistance 2 1345.32 2579.17 12710 779.60 84.38
Resistance 1 1338.53 2559.83 12655 772.60 84.04
Pivot 1332.52 2543.42 12615 765.90 83.83
Support 1 1325.73 2524.08 12560 758.90 83.49
Support 2 1319.72 2507.67 12520 752.20 83.28
Support 3 1312.93 2488.33 12465 745.20 82.94


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 1648.4 1.2324 92.35 154 2/32
Resistance 2 1629.2 1.2252 90.86 153 18/32
Resistance 1 1616.3 1.2206 89.83 153 9/32
Pivot 1597.1 1.2134 88.34 152 25/32
Support 1 1584.2 1.2088 87.31 152 16/32
Support 2 1565.0 1.2016 85.82 152
Support 3 1552.1 1.1970 84.79 151 23/32


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

Contract Dec. Corn Sept. Wheat Nov. Beans Sept. Silver
Resistance 3 799.3 909.8 1654.00 2837.3
Resistance 2 796.2 908.4 1638.50 2794.7
Resistance 1 792.1 905.8 1627.00 2763.3
Pivot 788.9 904.4 1611.50 2720.7
Support 1 784.8 901.8 1600.0 2689.3
Support 2 781.7 900.4 1584.50 2646.7
Support 3 777.6 897.8 1573.00 2615.3

5. Economic Reports

All times are Eastern time Zone (EST)
source:http://www.forexfactory.com/calendar.php

Date 4:00pm Currency Impact Detail Actual Forecast Previous Graph
Thu

Jul 26
2:00am EUR
GfK German Consumer Climate
5.9 5.8
2:00am EUR
German Import Prices m/m
-0.6% -0.7%
4:00am EUR
M3 Money Supply y/y
2.9% 2.9%
4:00am EUR
Italian Retail Sales m/m
0.4% -1.6%
4:00am EUR
Private Loans y/y
-0.2% -0.1%
5:30am EUR
ECB President Draghi Speaks
8:30am USD
Core Durable Goods Orders m/m
0.1% 0.7%
8:30am USD
Unemployment Claims
381K 386K
8:30am USD
Durable Goods Orders m/m
0.4% 1.3%
10:00am USD
Pending Home Sales m/m
0.6% 5.9%
10:00am USD
Treasury Sec Geithner Speaks
10:30am USD
Natural Gas Storage
28B

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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