Trading Levels and Reports for August 31, 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 August 31, 2012
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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 | 1411.63 | 2794.67 | 13125 | 819.90 | 82.20 |
| Resistance 2 | 1407.12 | 2783.33 | 13080 | 816.40 | 81.99 |
| Resistance 1 | 1404.43 | 2772.67 | 13055 | 812.90 | 81.83 |
| Pivot | 1399.92 | 2761.33 | 13010 | 809.40 | 81.62 |
| Support 1 | 1397.23 | 2750.67 | 12985 | 805.90 | 81.46 |
| Support 2 | 1392.72 | 2739.33 | 12940 | 802.40 | 81.25 |
| Support 3 | 1390.03 | 2728.67 | 12915 | 798.90 | 81.09 |
3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds
| Contract | Dec Gold | Sept. Euro | Oct. Crude Oil | Dec. Bonds | |
| Resistance 3 | 1681.2 | 1.2637 | 97.27 | 151 26/32 | |
| Resistance 2 | 1674.0 | 1.2601 | 96.44 | 151 8/32 | |
| Resistance 1 | 1666.8 | 1.2559 | 95.62 | 150 25/32 | |
| Pivot | 1659.6 | 1.2523 | 94.79 | 150 7/32 | |
| Support 1 | 1652.4 | 1.2481 | 93.97 | 149 24/32 | |
| Support 2 | 1645.2 | 1.2445 | 93.14 | 149 6/32 | |
| Support 3 | 1638.0 | 1.2403 | 92.32 | 148 23/32 |
4. Support & Resistance Levels for Corn, Wheat, Beans and Silver
| Contract | Dec. Corn | Sept. Wheat | Nov. Beans | Sept. Silver | |
| Resistance 3 | 824.2 | 926.5 | 1796.33 | 3159.3 | |
| Resistance 2 | 820.8 | 920.0 | 1783.17 | 3128.2 | |
| Resistance 1 | 814.7 | 911.0 | 1773.33 | 3088.8 | |
| Pivot | 811.3 | 904.5 | 1760.17 | 3057.7 | |
| Support 1 | 805.2 | 895.5 | 1750.3 | 3018.3 | |
| Support 2 | 801.8 | 889.0 | 1737.17 | 2987.2 | |
| Support 3 | 795.7 | 880.0 | 1727.33 | 2947.8 |
5. Economic Reports
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 3:54pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
| Fri
Aug 31
|
2:00am | EUR |
German Retail Sales m/m
|
0.2% | -0.1% | ||||
| 4:00am | EUR |
Italian Monthly Unemployment Rate
|
10.9% | 10.8% | |||||
| 4:00am | EUR |
Italian Quarterly Unemployment Rate
|
10.6% | 9.8% | |||||
| 5:00am | EUR |
CPI Flash Estimate y/y
|
2.5% | 2.4% | |||||
| 5:00am | EUR |
Unemployment Rate
|
11.3% | 11.2% | |||||
| 5:00am | EUR |
Italian Prelim CPI m/m
|
0.3% | 0.1% | |||||
| 9:45am | USD |
Chicago PMI
|
53.6 | 53.7 | |||||
| 9:55am | USD |
Revised UoM Consumer Sentiment
|
73.7 | 73.6 | |||||
| 9:55am | USD |
Revised UoM Inflation Expectations
|
3.6% | ||||||
| 10:00am | USD |
Fed Chairman Bernanke Speaks
|
|||||||
| 10:00am | USD |
Factory Orders m/m
|
1.7% | -0.5% | |||||
| Day 2 | ALL |
Jackson Hole Symposium
|
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
