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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 June 22, 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 1378.17 2671.33 12988 800.03 83.83
Resistance 2 1365.23 2644.67 12887 791.27 83.22
Resistance 1 1343.37 2601.33 12698 777.43 82.87
Pivot 1330.43 2574.67 12597 768.67 82.27
Support 1 1308.57 2531.33 12408 754.83 81.92
Support 2 1295.63 2504.67 12307 746.07 81.31
Support 3 1273.77 2461.33 12118 732.23 80.96

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 1638.7 1.2838 83.57 151 9/32
Resistance 2 1623.4 1.2775 82.38 150 16/32
Resistance 1 1595.3 1.2668 80.42 149 26/32
Pivot 1580.0 1.2605 79.23 149 1/32
Support 1 1551.9 1.2498 77.27 148 11/32
Support 2 1536.6 1.2435 76.08 147 18/32
Support 3 1508.5 1.2328 74.12 146 28/32

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

Contract July Corn July Wheat July Beans July Silver
Resistance 3 582.3 682.2 1448.00 2896.3
Resistance 2 575.2 678.1 1443.00 2851.7
Resistance 1 562.6 669.9 1433.00 2769.3
Pivot 555.4 665.8 1428.00 2724.7
Support 1 542.8 657.7 1418.0 2642.3
Support 2 535.7 653.6 1413.00 2597.7
Support 3 523.1 645.4 1403.00 2515.3

 

5. Economic Reports

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

All times are Eastern time Zone (EST)

 

Fri

Jun 22

 Up Next 4:00am EUR
German Ifo Business Climate
106.1
106.9
All Day EUR
ECOFIN Meetings
9:00am EUR
Belgium NBB Business Climate
-11.8
-11.2


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

Posted in: Future Trading News  

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