{"id":3609,"date":"2012-05-14T20:25:08","date_gmt":"2012-05-15T04:25:08","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=3609"},"modified":"2014-09-12T05:13:46","modified_gmt":"2014-09-12T13:13:46","slug":"cannon-trading-new-website-support-and-resistance-levels","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/cannon-trading-new-website-support-and-resistance-levels\/","title":{"rendered":"Cannon Trading New Website! | Support and Resistance Levels"},"content":{"rendered":"

Jump to a section in this post:<\/span>
\n1. Market Commentary<\/a><\/strong>
\n2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000<\/a><\/strong>
\n3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds<\/a><\/strong>
\n4. Support and Resistance Levels – Corn, Wheat, Beans, Silver<\/a><\/strong>
\n5. Economic Reports for Tuesday May 15, 2012<\/a><\/strong><\/p>\n

 <\/p>\n

Hello Traders,<\/p>\n

Cannon Trading Co, Inc. NEW WEBSITE TO LAUNCH TONIGHT!<\/strong><\/p>\n

Same great information, more tools and much better presentation and ease of navigation!<\/strong><\/p>\n

 <\/p>\n

I wrote Friday after the close:\u00a0<\/strong><\/p>\n

“I thought we finished the week on a somewhat bearish note….<\/em><\/p>\n

The market tried to penetrate higher the last 3 sessions and failed each time.<\/em><\/p>\n

Also I got a sell signal on the weekly chart which I am attaching below for your review.<\/em><\/p>\n

I think what type of price action we will see ( if ) when we trade at\u00a0 1336- 1339 area, may give us further clues about this market. “<\/em><\/p>\n

Well we tested this area today and did not get much of a bounce and actually closed right at 1336.<\/strong><\/p>\n

To me this shift the medium – longer term stance into bearish but as I said in the past, each day is different and one can not tell what the next day will bring…..<\/strong><\/p>\n

On a different note ( market) , weekly chart of the gold market for your review below with some key areas to watch.<\/strong><\/p>\n

\"\"<\/p>\n

GOOD TRADING!<\/p>\n

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.<\/small><\/p>\n

<\/a>2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000<\/strong><\/h3>\n\n\n\n\n\n\n\n\n\n\n\n
Contract (June 2012)<\/td>\nSP500
\n(big & Mini)<\/td>\n		Nasdaq100
\n(big & Mini)<\/td>\n		Dow Jones
\n(big & Mini)<\/td>\n		Mini Russell<\/td>\nDollar Index<\/td>\n<\/tr>\n<\/thead>\n
Resistance 3<\/td>\n1352.33<\/td>\n2728.50<\/td>\n12813<\/td>\n802.67<\/td>\n81.29<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1348.42<\/td>\n2668.25<\/td>\n12772<\/td>\n796.83<\/td>\n81.07<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1341.33<\/td>\n2704.50<\/td>\n12713<\/td>\n786.17<\/td>\n80.93<\/td>\n<\/tr>\n
Pivot<\/td>\n1337.42<\/td>\n2644.25<\/td>\n12672<\/td>\n780.33<\/td>\n80.71<\/td>\n<\/tr>\n
Support 1<\/td>\n1330.33<\/td>\n2680.50<\/td>\n12613<\/td>\n769.67<\/td>\n80.57<\/td>\n<\/tr>\n
Support 2<\/td>\n1326.42<\/td>\n2620.25<\/td>\n12572<\/td>\n763.83<\/td>\n80.35<\/td>\n<\/tr>\n
Support 3<\/td>\n1319.33<\/td>\n2656.50<\/td>\n12513<\/td>\n753.17<\/td>\n80.21<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/a>3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds<\/strong><\/h3>\n\n\n\n\n\n\n\n\n\n\n\n
Contract<\/td>\nJune Gold<\/td>\nJune Euro<\/td>\nJune Crude Oil<\/td>\nJune Bonds<\/td>\n<\/tr>\n<\/thead>\n
Resistance 3<\/td>\n1608.1<\/td>\n1.2970<\/td>\n97.62<\/td>\n148 4\/32<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1597.0<\/td>\n1.2938<\/td>\n96.73<\/td>\n147 10\/32<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1577.3<\/td>\n1.2889<\/td>\n95.44<\/td>\n146 25\/32<\/td>\n<\/tr>\n
Pivot<\/td>\n1566.2<\/td>\n1.2857<\/td>\n94.55<\/td>\n145 31\/32<\/td>\n<\/tr>\n
Support 1<\/td>\n1546.5<\/td>\n1.2808<\/td>\n93.26<\/td>\n145 14\/32<\/td>\n<\/tr>\n
Support 2<\/td>\n1535.4<\/td>\n1.2776<\/td>\n92.37<\/td>\n144 20\/32<\/td>\n<\/tr>\n
Support 3<\/td>\n1515.7<\/td>\n1.2727<\/td>\n91.08<\/td>\n144 3\/32<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/a>4. Support & Resistance Levels for Corn, Wheat, Beans and Silver<\/strong><\/h3>\n\n\n\n\n\n\n\n\n\n\n\n
Contract<\/td>\nJuly Corn<\/td>\nJuly Wheat<\/td>\nJuly Beans<\/td>\nJuly Silver<\/td>\n<\/tr>\n<\/thead>\n
Resistance 3<\/td>\n593.1<\/td>\n605.3<\/td>\n1415.67<\/td>\n2956.7<\/td>\n<\/tr>\n
Resistance 2<\/td>\n589.7<\/td>\n602.4<\/td>\n1406.33<\/td>\n2928.3<\/td>\n<\/tr>\n
Resistance 1<\/td>\n586.3<\/td>\n600.3<\/td>\n1396.67<\/td>\n2874.7<\/td>\n<\/tr>\n
Pivot<\/td>\n582.9<\/td>\n597.4<\/td>\n1387.33<\/td>\n2846.3<\/td>\n<\/tr>\n
Support 1<\/td>\n579.6<\/td>\n595.3<\/td>\n1377.7<\/td>\n2792.7<\/td>\n<\/tr>\n
Support 2<\/td>\n576.2<\/td>\n592.4<\/td>\n1368.33<\/td>\n2764.3<\/td>\n<\/tr>\n
Support 3<\/td>\n572.8<\/td>\n590.3<\/td>\n1358.67<\/td>\n2710.7<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/a>
\n\"\"<\/p>\n

5. Economic Reports<\/h3>\n

1:30am EUR
\nFrench Prelim GDP q\/q
\n<\/strong><\/p>\n

1:30am EUR
\n<\/strong>French CPI m\/m<\/strong><\/p>\n

2:00am EUR
\nGerman Prelim GDP q\/q
\n<\/strong><\/p>\n

2:45am EUR
\nFrench Prelim Non-Farm Payrolls q\/q
\n<\/strong><\/p>\n

4:00am EUR
\n<\/strong>Italian Prelim GDP q\/q<\/strong><\/p>\n

5:00am EUR
\n<\/strong>German ZEW Economic Sentiment
\n<\/strong><\/p>\n

5:00am EUR
\nFlash GDP q\/q
\n<\/strong><\/p>\n

5:00am EUR
\n<\/strong>ZEW Economic Sentiment<\/strong><\/p>\n

All Day EUR
\n<\/strong>ECOFIN Meetings
\n<\/strong><\/p>\n

8:30am USD
\nCore CPI m\/m
\n<\/strong><\/p>\n

8:30am USD
\n<\/strong>Core Retail Sales m\/m<\/strong><\/p>\n

8:30am USD
\n<\/strong>Retail Sales m\/m
\n<\/strong><\/p>\n

8:30am USD
\nCPI m\/m
\n<\/strong><\/p>\n

8:30am USD
\n<\/strong>Empire State Manufacturing Index<\/strong><\/p>\n

9:00am USD
\n<\/strong>TIC Long-Term Purchases
\n<\/strong><\/p>\n

9:30am USD
\nFOMC Member Duke Speaks
\n<\/strong><\/p>\n

10:00am USD
\n<\/strong>Business Inventories m\/m<\/strong><\/p>\n

10:00am USD
\n<\/strong>NAHB Housing Market Index<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Jump to a section in this post: 1. Market Commentary 2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000 3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds 4. Support and Resistance Levels – Corn, Wheat, Beans, Silver 5. Economic Reports for Tuesday May 15, 2012   Hello Traders, Cannon […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67],"tags":[149,134,602],"class_list":["post-3609","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","tag-commodity-futures-broker","tag-futures-trading-brokers","tag-futures-trading-online"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/3609","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/comments?post=3609"}],"version-history":[{"count":6,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/3609\/revisions"}],"predecessor-version":[{"id":5479,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/3609\/revisions\/5479"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=3609"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=3609"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=3609"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}