Trading Levels and Reports for June 29, 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 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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