Trading Levels and Reports for June 21st 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 Thursday June 21, 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 1373.23 2670.00 12962 797.47 82.44
Resistance 2 1364.22 2650.00 12883 791.83 82.20
Resistance 1 1357.73 2635.00 12822 786.57 81.89
Pivot 1348.72 2615.00 12743 780.93 81.65
Support 1 1342.23 2600.00 12682 775.67 81.33
Support 2 1333.22 2580.00 12603 770.03 81.09
Support 3 1326.73 2565.00 12542 764.77 80.78

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 1657.3 1.2869 87.53 151 1/32
Resistance 2 1640.5 1.2811 86.13 150 5/32
Resistance 1 1624.2 1.2762 83.67 149 12/32
Pivot 1607.4 1.2704 82.27 148 16/32
Support 1 1591.1 1.2655 79.81 147 23/32
Support 2 1574.3 1.2597 78.41 146 27/32
Support 3 1558.0 1.2548 75.95 146 2/32

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

Contract July Corn July Wheat July Beans July Silver
Resistance 3 619.0 693.3 1465.67 2952.5
Resistance 2 617.3 678.7 1456.83 2906.0
Resistance 1 614.5 671.3 1451.67 2856.0
Pivot 612.8 656.7 1442.83 2809.5
Support 1 610.0 649.3 1437.7 2759.5
Support 2 608.3 634.7 1428.83 2713.0
Support 3 605.5 627.3 1423.67 2663.0

 

5. Economic Reports

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

All times are Eastern time Zone (EST)

 

 

Thu

Jun 21

 Up Next 3:00am EUR
French Flash Manufacturing PMI
calendar detail star 44.6
44.7calendar previous revised
ic chart
Up Next 3:00am EUR
French Flash Services PMI
calendar detail star 45.1
45.1calendar previous revised
ic chart
3:30am EUR
German Flash Manufacturing PMI
calendar detail star 45.3
45.2calendar previous revised
ic chart
3:30am EUR
German Flash Services PMI
calendar detail star 51.6
51.8calendar previous revised
ic chart
4:00am EUR
Current Account
calendar detail star 7.3B
9.1B
ic chart
4:00am EUR
Flash Manufacturing PMI
calendar detail star 44.9
45.1calendar previous revised
ic chart
4:00am EUR
Flash Services PMI
calendar detail star 46.5
46.7calendar previous revised
ic chart
8:30am USD
Unemployment Claims
calendar detail star 381K
386K
ic chart
9:00am USD
Flash Manufacturing PMI
calendar detail 53.4
54.0calendar previous revised
ic chart
10:00am EUR
Consumer Confidence
calendar detail star -20
-19
ic chart
10:00am USD
Existing Home Sales
calendar detail star 4.58M
4.62M
ic chart
10:00am USD
Philly Fed Manufacturing Index
calendar detail star 0.7
-5.8
ic chart
10:00am USD
CB Leading Index m/m
calendar detail 0.2%
-0.1%
ic chart
10:00am USD
HPI m/m
calendar detail 0.5%
1.8%
ic chart
10:30am USD
Natural Gas Storage
calendar detail 64B
67B
ic chart
12:00pm EUR
ECB President Draghi Speaks
calendar detail star


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