Trading Levels and Reports for August 8,2012
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 Wednesday August 8, 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 | 1409.57 | 2749.50 | 13200 | 821.97 | 82.83 |
| Resistance 2 | 1406.43 | 2736.00 | 13180 | 813.63 | 82.63 |
| Resistance 1 | 1401.97 | 2724.50 | 13150 | 806.37 | 82.47 |
| Pivot | 1398.83 | 2711.00 | 13130 | 798.03 | 82.27 |
| Support 1 | 1394.37 | 2699.50 | 13100 | 790.77 | 82.11 |
| Support 2 | 1391.23 | 2686.00 | 13080 | 782.43 | 81.91 |
| Support 3 | 1386.77 | 2674.50 | 13050 | 775.17 | 81.75 |
3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds
| Contract | Dec Gold | Sept. Euro | Sept. Crude Oil | Sept. Bonds | |
| Resistance 3 | 1630.0 | 1.2509 | 97.29 | 150 | |
| Resistance 2 | 1625.7 | 1.2478 | 95.86 | 149 19/32 | |
| Resistance 1 | 1619.7 | 1.2442 | 94.65 | 149 4/32 | |
| Pivot | 1615.4 | 1.2411 | 93.22 | 148 23/32 | |
| Support 1 | 1609.4 | 1.2375 | 92.01 | 148 8/32 | |
| Support 2 | 1605.1 | 1.2344 | 90.58 | 147 27/32 | |
| Support 3 | 1599.1 | 1.2308 | 89.37 | 147 12/32 |
4. Support & Resistance Levels for Corn, Wheat, Beans and Silver
| Contract | Dec. Corn | Sept. Wheat | Nov. Beans | Sept. Silver | |
| Resistance 3 | 818.2 | 897.2 | 1619.00 | 2868.7 | |
| Resistance 2 | 812.8 | 895.3 | 1607.25 | 2843.3 | |
| Resistance 1 | 806.7 | 892.2 | 1586.50 | 2824.2 | |
| Pivot | 801.3 | 890.3 | 1574.75 | 2798.8 | |
| Support 1 | 795.2 | 887.2 | 1554.0 | 2779.7 | |
| Support 2 | 789.8 | 885.3 | 1542.25 | 2754.3 | |
| Support 3 | 783.7 | 882.2 | 1521.50 | 2735.2 |
5. Economic Reports
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 3:57pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
| Wed
Aug 8
|
2:00am | EUR |
German Trade Balance
|
14.9B | 15.0B | ||||
| 2:45am | EUR |
French Trade Balance
|
-5.1B | -5.3B | |||||
| 6:00am | EUR |
German Industrial Production m/m
|
-0.8% | 1.6% | |||||
| Tentative | EUR |
German 10-y Bond Auction
|
1.31|1.5 | ||||||
| 8:30am | USD |
Prelim Nonfarm Productivity q/q
|
1.5% | -0.9% | |||||
| 8:30am | USD |
Prelim Unit Labor Costs q/q
|
0.5% | 1.3% | |||||
| 10:30am | USD |
Crude Oil Inventories
|
-0.6M | -6.5M | |||||
| 1:00pm | USD |
10-y Bond Auction
|
1.46|3.6 |
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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