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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 Friday July 6, 2012

Hello Traders,

I am in and out of the office over the next few days, hence there will be no commentary or charts.

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 1379.50 2689.33 12987 830.83 84.20
Resistance 2 1373.90 2672.67 12938 825.67 83.64
Resistance 1 1368.20 2658.33 12882 820.03 83.29
Pivot 1362.60 2641.67 12833 814.87 82.74
Support 1 1356.90 2627.33 12777 809.23 82.39
Support 2 1351.30 2610.67 12728 804.07 81.83
Support 3 1345.60 2596.33 12672 798.43 81.48

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 1647.5 1.2683 90.90 150 5/32
Resistance 2 1636.0 1.2616 89.94 149 24/32
Resistance 1 1620.5 1.2508 88.42 149 10/32
Pivot 1609.0 1.2441 87.46 148 29/32
Support 1 1593.5 1.2333 85.94 148 15/32
Support 2 1582.0 1.2266 84.98 148 2/32
Support 3 1566.5 1.2158 83.46 147 20/32

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

Contract Dec. Corn Sept. Wheat Nov. Beans Sept. Silver
Resistance 3 741.2 876.2 1571.67 2908.7
Resistance 2 726.8 858.3 1549.83 2873.3
Resistance 1 717.7 848.2 1538.17 2820.2
Pivot 703.3 830.3 1516.33 2784.8
Support 1 694.2 820.2 1504.7 2731.7
Support 2 679.8 802.3 1482.83 2696.3
Support 3 670.7 792.2 1471.17 2643.2

 

5. Economic Reports

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

All times are Eastern time Zone (EST)

 

 

 

Fri

Jul 6

2:45am EUR
French Gov Budget Balance
-59.9B
2:45am EUR
French Trade Balance
-5.4B
-5.8B
6:00am EUR
German Industrial Production m/m
0.2%
-2.2%
8:30am USD
Non-Farm Employment Change
91K
69K
8:30am USD
Unemployment Rate
8.2%
8.2%
8:30am USD
Average Hourly Earnings m/m
0.2%
0.1%
10:30am USD
Natural Gas Storage
44B
57B


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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