Futures Trading Levels & Economic Reports for 06-07
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 7, 2012
Hello Traders,
Not much to say today…just like sometimes as a day-trader you may not have the set ups you need and when that happens, as hard as it may get, you simply need to stay patient and not take trades simply because you feel you are not doing your job etc…
So stay patient, stay disciplined, plan your trade and trade your plan.
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 June 2012 | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell | Dollar Index |
| Resistance 3 | 1340.60 | 2600.00 | 12643 | 788.17 | 83.38 |
| Resistance 2 | 1327.05 | 2573.00 | 12517 | 776.33 | 83.14 |
| Resistance 1 | 1320.40 | 2558.00 | 12453 | 770.37 | 82.68 |
| Pivot | 1306.85 | 2531.00 | 12327 | 758.53 | 82.44 |
| Support 1 | 1300.20 | 2516.00 | 12263 | 752.57 | 81.98 |
| Support 2 | 1286.65 | 2489.00 | 12137 | 740.73 | 81.74 |
| Support 3 | 1280.00 | 2474.00 | 12073 | 734.77 | 81.28 |
3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds
| Contract | Aug Gold | June Euro | July Crude Oil | Sept. Bonds | |
| Resistance 3 | 1665.6 | 1.2773 | 88.60 | 152 3/32 | |
| Resistance 2 | 1654.0 | 1.2679 | 87.43 | 151 12/32 | |
| Resistance 1 | 1637.6 | 1.2629 | 86.36 | 149 29/32 | |
| Pivot | 1626.0 | 1.2535 | 85.19 | 149 6/32 | |
| Support 1 | 1609.6 | 1.2485 | 84.12 | 147 23/32 | |
| Support 2 | 1598.0 | 1.2391 | 82.95 | 147 | |
| Support 3 | 1581.6 | 1.2341 | 81.88 | 145 17/32 |
4. Support & Resistance Levels for Corn, Wheat, Beans and Silver
| Contract | July Corn | July Wheat | July Beans | July Silver | |
| Resistance 3 | 598.3 | 635.3 | 1402.50 | 3146.8 | |
| Resistance 2 | 592.4 | 631.9 | 1396.75 | 3066.7 | |
| Resistance 1 | 589.3 | 628.1 | 1391.50 | 3001.3 | |
| Pivot | 583.4 | 624.7 | 1385.75 | 2921.2 | |
| Support 1 | 580.3 | 620.8 | 1380.5 | 2855.8 | |
| Support 2 | 574.4 | 617.4 | 1374.75 | 2775.7 | |
| Support 3 | 571.3 | 613.6 | 1369.50 | 2710.3 |
5. Economic Reports
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
|
Thu
Jun 7 |
Tentative | EUR |
Spanish 10-y Bond Auction
|
 |
5.74|2.4
|
||||
| Tentative | EUR |
French 10-y Bond Auction
|
|
2.96|2.0
|
|||||
| 8:30am | USD |
Unemployment Claims
|
 |
381K |
383K
|
 |
|||
| 10:00am | USD |
Fed Chairman Bernanke Testifies
|
|
||||||
| 10:30am | USD |
Natural Gas Storage
|
|
71B
|
|
||||
| 12:10pm | USD |
FOMC Member Lockhart Speaks
|
|
||||||
| 3:00pm | USD |
Consumer Credit m/m
|
|
10.8B |
21.4B
|
|
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
