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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 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

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