30 Jul

Good morning for 7-31

By Frank Lesh

Today’s data at 7:30 will be June Personal Income, expected +.4%, Personal Spending, expected +.1%, Q2 Employment Cost Index, expected +.5% q/q, at 8:00 will be the May Case/Shiller 20 City Home Price Index, expected +.5% m/m s.a. and -1.4% y/y n.s.a., at 8:45 will be will be the July Chicago PMI, expected at 52.5 from 52.9. and at 9:00 will be July Consumer Confidence, expected at 61.5 from 62.0. The FOMC meeting begins today with a policy statement expected tomorrow. Tomorrow is First Notice for August gold as December becomes lead contract and August soybeans as November becomes lead.

Market ESU GCZ 6EU ZCZ CLU ZNU
31-Jul mini sp gold euro corn crude ten yr
Daily            
High 1387.50 1630.00 12317 81775 9095 134 20/32
Low 1375.75 1617.60 12233 79500 8933 134     
Close 1380.50 1624.00 12269 81400 8978 134 18/32
             
Resist 1406.5 1650.1 12453 85456 9357 135 20/32
Resist 1399.3 1642.4 12401 84050 9257 135  8/32
Resist 1394.8 1637.7 12369 83181 9195 135     
Resist** 1393.0 1636.3 12357 83167 9164 135  1/32
Resist 1386.8 1630.1 12313 82283 9071 134 25/32
Pivot 1381.3 1623.9 12273 80892 9002 134 13/32
Mid Point* -1381.6 -1623.8 -12275 -80638 -9014 -134 10/32
Support 1375.0 1617.7 12229 80008 8909 134  5/32
Support** 1369.5 1611.5 12189 78617 8840 133 25/32
Support 1368.5 1609.9 12181 78094 8833 133 20/32
Support 1364.0 1605.2 12149 77225 8771 133 12/32
Support 1356.7 1597.5 12097 75819 8671 133     

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