Trading Levels and Reports for June 29, 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 Friday June 29, 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 1345.67 2585.17 12746 793.33 83.83
Resistance 2 1334.83 2563.33 12642 784.07 83.45
Resistance 1 1328.67 2547.67 12589 778.63 83.17
Pivot 1317.83 2525.83 12485 769.37 82.79
Support 1 1311.67 2510.17 12432 763.93 82.51
Support 2 1300.83 2488.33 12328 754.67 82.13
Support 3 1294.67 2472.67 12275 749.23 81.85

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 1607.2 1.2640 84.00 151 9/32
Resistance 2 1593.4 1.2587 82.42 150 21/32
Resistance 1 1575.2 1.2522 80.44 150 3/32
Pivot 1561.4 1.2469 78.86 149 15/32
Support 1 1543.2 1.2404 76.88 148 29/32
Support 2 1529.4 1.2351 75.30 148 9/32
Support 3 1511.2 1.2286 73.32 147 23/32

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

Contract July Corn July Wheat July Beans July Silver
Resistance 3 662.8 761.9 1433.17 2793.2
Resistance 2 655.8 758.3 1425.83 2749.8
Resistance 1 644.0 752.2 1414.67 2693.7
Pivot 637.0 748.6 1407.33 2650.3
Support 1 625.3 742.4 1396.2 2594.2
Support 2 618.3 738.8 1388.83 2550.8
Support 3 606.5 732.7 1377.67 2494.7

5. Economic Reports

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

All times are Eastern time Zone (EST)

Date 3:49pm Currency Impact Detail Actual Forecast Previous Chart
Fri

Jun 29

All Day EUR
Italian Bank Holiday
2:00am EUR
German Retail Sales m/m
0.1%
0.6%
2:45am EUR
French Consumer Spending m/m
0.0%
0.6%
4:00am EUR
M3 Money Supply y/y
2.4%
2.5%
4:00am EUR
Private Loans y/y
0.3%
0.3%
5:00am EUR
CPI Flash Estimate y/y
2.4%
2.4%
All Day EUR
EU Economic Summit
8:30am USD
Core PCE Price Index m/m
0.2%
0.1%
8:30am USD
Personal Spending m/m
0.1%
0.3%
8:30am USD
Personal Income m/m
0.3%
0.2%
9:45am USD
Chicago PMI
52.8
52.7
9:55am USD
Revised UoM Consumer Sentiment
74.2
74.1
9:55am USD
Revised UoM Inflation Expectations
3.0%

 

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 tradin

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