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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 20, 2012

 

Hello Traders,

crude oil

 

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 1385.67 2690.33 13002 816.20 83.69
Resistance 2 1380.68 2674.67 12958 811.90 83.47
Resistance 1 1376.47 2664.33 12927 806.10 83.23
Pivot 1371.48 2648.67 12883 801.80 83.02
Support 1 1367.27 2638.33 12852 796.00 82.78
Support 2 1362.28 2622.67 12808 791.70 82.56
Support 3 1358.07 2612.33 12777 785.90 82.32

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 1610.2 1.2431 97.03 151 29/32
Resistance 2 1600.9 1.2383 95.14 151 16/32
Resistance 1 1590.8 1.2333 93.94 151 4/32
Pivot 1581.5 1.2285 92.05 150 23/32
Support 1 1571.4 1.2235 90.85 150 11/32
Support 2 1562.1 1.2187 88.96 149 30/32
Support 3 1552.0 1.2137 87.76 149 18/32


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

Contract Dec. Corn Sept. Wheat Nov. Beans Sept. Silver
Resistance 3 806.3 948.3 1693.33 2794.5
Resistance 2 800.2 941.7 1677.42 2776.0
Resistance 1 789.3 938.3 1664.83 2747.0
Pivot 783.2 931.7 1648.92 2728.5
Support 1 772.3 928.3 1636.3 2699.5
Support 2 766.2 921.7 1620.42 2681.0
Support 3 755.3 918.3 1607.83 2652.0

5. Economic Reports

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

Date 3:58pm Currency Impact Detail Actual Forecast Previous Graph
Fri

Jul 20
2:00am EUR
German PPI m/m
-0.2% -0.3%
All Day EUR
Eurogroup Meetings

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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