Trading Levels and Reports for June 21st 2012 - Cannon Trading

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.

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


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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