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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 Wednesday June 20, 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
Resistance 3 1369.50 2653.33 12937 809.60
Resistance 2 1363.15 2639.67 12883 797.90
Resistance 1 1356.70 2626.83 12827 789.40
Pivot 1350.35 2613.17 12773 777.70
Support 1 1343.90 2600.33 12717 769.20
Support 2 1337.55 2586.67 12663 757.50
Support 3 1331.10 2573.83 12607 749.00

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 1646.4 1.2929 87.41 150 31/32
Resistance 2 1640.3 1.2835 86.08 150 13/32
Resistance 1 1630.2 1.2766 85.26 149 23/32
Pivot 1624.1 1.2672 83.93 149 5/32
Support 1 1614.0 1.2603 83.11 148 15/32
Support 2 1607.9 1.2509 81.78 147 29/32
Support 3 1597.8 1.2440 80.96 147 7/32

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

Contract July Corn July Wheat July Beans July Silver
Resistance 3 624.7 652.8 1475.83 2940.3
Resistance 2 620.3 651.2 1461.92 2915.2
Resistance 1 616.4 650.3 1447.83 2877.3
Pivot 612.1 648.7 1433.92 2852.2
Support 1 608.2 647.8 1419.8 2814.3
Support 2 603.8 646.2 1405.92 2789.2
Support 3 599.9 645.3 1391.83 2751.3

 

5. Economic Reports

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

All times are Eastern time Zone (EST)

 

Wed

Jun 20

 Up Next 2:00am EUR
German PPI m/m
-0.1%
0.2%
10:30am USD
Crude Oil Inventories
-1.0M
-0.2M
12:30pm USD
FOMC Statement
12:30pm USD
Federal Funds Rate
<0.25%
<0.25%
2:00pm USD
FOMC Economic Projections
2:15pm USD
FOMC Press Conference


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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