Trading Levels and Reports for June 26, 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 Tuesday June 26, 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 1326.07 2588.33 12542 780.20 83.19
Resistance 2 1320.68 2573.17 12503 774.70 83.01
Resistance 1 1313.47 2550.33 12467 766.00 82.82
Pivot 1308.08 2535.17 12428 760.50 82.64
Support 1 1300.87 2512.33 12392 751.80 82.46
Support 2 1295.48 2497.17 12353 746.30 82.28
Support 3 1288.27 2474.33 12317 737.60 82.09

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 1615.7 1.2650 83.33 151 4/32
Resistance 2 1602.4 1.2610 82.01 150 9/32
Resistance 1 1593.6 1.2562 80.68 149 24/32
Pivot 1580.3 1.2522 79.36 148 29/32
Support 1 1571.5 1.2474 78.03 148 12/32
Support 2 1558.2 1.2434 76.71 147 17/32
Support 3 1549.4 1.2386 75.38 147

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

Contract July Corn July Wheat July Beans July Silver
Resistance 3 600.7 751.2 1454.33 2888.7
Resistance 2 597.3 738.1 1445.17 2823.8
Resistance 1 595.7 731.2 1435.33 2786.2
Pivot 592.3 718.1 1426.17 2721.3
Support 1 590.7 711.2 1416.3 2683.7
Support 2 587.3 698.1 1407.17 2618.8
Support 3 585.7 691.2 1397.33 2581.2

 

5. Economic Reports

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

All times are Eastern time Zone (EST)

 

 

Tue

Jun 26

 Up Next 2:00am EUR
GfK German Consumer Climate
5.7
5.7
4:00am EUR
Italian Retail Sales m/m
-0.6%
-0.2%
9:00am USD
S&P/CS Composite-20 HPI y/y
-2.4%
-2.6%
10:00am USD
CB Consumer Confidence
63.8
64.9
10:00am USD
Richmond Manufacturing Index
5
4


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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