Trading Levels and Reports for June 28, 2012
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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 28, 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 | 1340.83 | 2589.83 | 12666 | 792.67 | 83.40 |
| Resistance 2 | 1334.52 | 2580.67 | 12618 | 783.33 | 83.15 |
| Resistance 1 | 1330.13 | 2570.33 | 12584 | 777.97 | 82.96 |
| Pivot | 1323.82 | 2561.17 | 12536 | 768.63 | 82.72 |
| Support 1 | 1319.43 | 2550.83 | 12502 | 763.27 | 82.53 |
| Support 2 | 1313.12 | 2541.67 | 12454 | 753.93 | 82.28 |
| Support 3 | 1308.73 | 2531.33 | 12420 | 748.57 | 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 | 1607.1 | 1.2576 | 83.59 | 149 30/32 | |
| Resistance 2 | 1595.8 | 1.2548 | 82.26 | 149 18/32 | |
| Resistance 1 | 1585.6 | 1.2512 | 81.35 | 149 9/32 | |
| Pivot | 1574.3 | 1.2484 | 80.02 | 148 29/32 | |
| Support 1 | 1564.1 | 1.2448 | 79.11 | 148 20/32 | |
| Support 2 | 1552.8 | 1.2420 | 77.78 | 148 8/32 | |
| Support 3 | 1542.6 | 1.2384 | 76.87 | 147 31/32 |
4. Support & Resistance Levels for Corn, Wheat, Beans and Silver
| Contract | July Corn | July Wheat | July Beans | July Silver | |
| Resistance 3 | 664.2 | 765.2 | 1454.67 | 2790.5 | |
| Resistance 2 | 656.8 | 761.1 | 1445.33 | 2759.0 | |
| Resistance 1 | 644.9 | 756.2 | 1428.67 | 2723.0 | |
| Pivot | 637.6 | 752.1 | 1419.33 | 2691.5 | |
| Support 1 | 625.7 | 747.2 | 1402.7 | 2655.5 | |
| Support 2 | 618.3 | 743.1 | 1393.33 | 2624.0 | |
| Support 3 | 606.4 | 738.2 | 1376.67 | 2588.0 |
5. Economic Reports
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 3:45pm | Currency | Impact | Detail | Actual | Forecast | Previous | Chart | |
|
Thu
Jun 28 |
3:55am | EUR |
German Unemployment Change
|
 |
4K |
0K
|
 |
||
| 4:10am | EUR |
Retail PMI
|
|
43.3
|
|
||||
| 5:00am | EUR |
Italian Prelim CPI m/m
|
 |
0.2% |
0.0%
|
|
|||
| All Day | EUR |
EU Economic Summit
|
|
||||||
| Tentative | EUR |
Italian 10-y Bond Auction
|
|
6.03|1.4
|
|||||
| 8:30am | USD |
Unemployment Claims
|
|
385K |
387K
|
|
|||
| 8:30am | USD |
Final GDP q/q
|
|
1.9% |
1.9%
|
|
|||
| 8:30am | USD |
Final GDP Price Index q/q
|
|
1.7% |
1.7%
|
|
|||
| 10:30am | USD |
Natural Gas Storage
|
|
55B |
62B
|
|
|||
| 11:30am | USD |
FOMC Member Pianalto 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
