Trading Levels and Reports for July 3, 2012

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 Tuesday July 3, 2012

Hello Traders,

Visit our holiday hours for 4th of July at:

July 4th Trading Schedule

You can also visit the exchanges links directly at:

CME Group

The Ice Exchange

Be disciplined, be patient and trade well!

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 1373.57 2645.67 12925 813.07 82.61
Resistance 2 1367.28 2633.33 12875 807.13 82.35
Resistance 1 1362.27 2624.17 12830 804.17 82.17
Pivot 1355.98 2611.83 12780 798.23 81.91
Support 1 1350.97 2602.67 12735 795.27 81.73
Support 2 1344.68 2590.33 12685 789.33 81.47
Support 3 1339.67 2581.17 12640 786.37 81.29

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 1621.9 1.2763 87.99 152 20/32
Resistance 2 1612.7 1.2723 86.52 151 11/32
Resistance 1 1605.7 1.2659 85.04 150 12/32
Pivot 1596.5 1.2619 83.57 149 3/32
Support 1 1589.5 1.2555 82.09 148 4/32
Support 2 1580.3 1.2515 80.62 146 27/32
Support 3 1573.3 1.2451 79.14 145 28/32

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

Contract Dec. Corn Sept. Wheat Nov. Beans Sept. Silver
Resistance 3 666.2 793.2 1456.33 2809.5
Resistance 2 662.1 783.8 1450.67 2785.0
Resistance 1 658.9 778.2 1444.33 2767.5
Pivot 654.8 768.8 1438.67 2743.0
Support 1 651.7 763.2 1432.3 2725.5
Support 2 647.6 753.8 1426.67 2701.0
Support 3 644.4 748.2 1420.33 2683.5

 

5. Economic Reports

source:http://www.forexfactory.com/calendar.php

All times are Eastern time Zone (EST)

Date 3:16pm Currency Impact Detail Actual Forecast Previous Chart
Tue

Jul 3

5:00am EUR
PPI m/m
-0.2%
0.0%
10:00am USD
Factory Orders m/m
0.1%
-0.6%
All Day USD
Total Vehicle Sales
14.0M
13.8M

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

Tags: > > > Posted in: Future Trading News  

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