Trading Levels and Reports for July 26, 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 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.
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:
1. Are you currently trading futures?
2. Charting software you use?
3. If you use sierra or ATcharts, please let me know the user name so I can enable you
4. Markets you currently trading?
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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
