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Trading Levels and Reports for June 27, 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 Wednesday June 27, 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 1333.90 2582.67 12627 777.83 83.23
Resistance 2 1325.85 2566.83 12563 771.37 83.05
Resistance 1 1319.80 2556.67 12517 766.13 82.79
Pivot 1311.75 2540.83 12453 759.67 82.61
Support 1 1305.70 2530.67 12407 754.43 82.36
Support 2 1297.65 2514.83 12343 747.97 82.18
Support 3 1291.60 2504.67 12297 742.73 81.92

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 1605.5 1.2639 81.23 150 5/32
Resistance 2 1596.9 1.2590 80.45 149 23/32
Resistance 1 1585.3 1.2548 79.91 149 9/32
Pivot 1576.7 1.2499 79.13 148 27/32
Support 1 1565.1 1.2457 78.59 148 13/32
Support 2 1556.5 1.2408 77.81 147 31/32
Support 3 1544.9 1.2366 77.27 147 17/32

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

Contract July Corn July Wheat July Beans July Silver
Resistance 3 648.0 730.7 1458.17 2819.8
Resistance 2 636.0 730.3 1447.08 2784.7
Resistance 1 630.0 729.7 1430.17 2743.8
Pivot 618.0 729.3 1419.08 2708.7
Support 1 612.0 728.7 1402.2 2667.8
Support 2 600.0 728.3 1391.08 2632.7
Support 3 594.0 727.7 1374.17 2591.8

 

5. Economic Reports

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

All times are Eastern time Zone (EST)

 

Wed

Jun 27

2:00am EUR
German Import Prices m/m
-0.6%
-0.5%
All Day EUR
German Prelim CPI m/m
0.0%
-0.2%
8:30am USD
Core Durable Goods Orders m/m
0.9%
-0.9%
8:30am USD
Durable Goods Orders m/m
0.5%
0.0%
10:00am USD
Pending Home Sales m/m
1.2%
-5.5%
10:30am USD
Crude Oil Inventories
-0.5M
2.9M

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

Tags: > > Posted in: Future Trading News  

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