Trading Levels and Reports for September 13, 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 Thursday September 13, 2012
Hello Traders,
Rollover Notice for Stock Index Futures
Important notice: For those of you trading any stock index futures contracts, i.e., the E-mini S&P, E-mini NASDAQ, E-mini Dow Jones, the “Big” pit-traded S&P 500, etc., it is extremely important to remember that tomorrow, Thursday, September 13th, is rollover day.
Starting September 13th, the December 2012 futures contracts will be the front month contracts. It is recommended that all new positions be placed in the December 2012 contract as of September. Volume in the September 12 contracts will begin to drop off until its expiration on Friday September 21st.
The month code for December is Z2.
Traders with electronic trading software should make sure that defaults reflect the proper contract as of Thursday morning.
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.
| Contract Sept. 2012 | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell | Dollar Index |
| Resistance 3 | 1448.37 | 2830.00 | 13425 | 856.77 | 80.46 |
| Resistance 2 | 1443.93 | 2815.00 | 13397 | 851.73 | 80.23 |
| Resistance 1 | 1441.47 | 2805.00 | 13375 | 848.97 | 79.97 |
| Pivot | 1437.03 | 2790.00 | 13347 | 843.93 | 79.74 |
| Support 1 | 1434.57 | 2780.00 | 13325 | 841.17 | 79.48 |
| Support 2 | 1430.13 | 2765.00 | 13297 | 836.13 | 79.25 |
| Support 3 | 1427.67 | 2755.00 | 13275 | 833.37 | 78.99 |
| Contract | Dec Gold | Sept. Euro | Oct. Crude Oil | Dec. Bonds | |
| Resistance 3 | 1769.2 | 1.3072 | 99.57 | 148 26/32 | |
| Resistance 2 | 1759.4 | 1.3005 | 98.81 | 148 14/32 | |
| Resistance 1 | 1747.0 | 1.2949 | 97.82 | 148 1/32 | |
| Pivot | 1737.2 | 1.2882 | 97.06 | 147 21/32 | |
| Support 1 | 1724.8 | 1.2826 | 96.07 | 147 8/32 | |
| Support 2 | 1715.0 | 1.2759 | 95.31 | 146 28/32 | |
| Support 3 | 1702.6 | 1.2703 | 94.32 | 146 15/32 | |
| Contract | Dec. Corn | Dec. Wheat | Nov. Beans | Dec. Silver | |
| Resistance 3 | 793.0 | 901.0 | 1815.50 | 3577.2 | |
| Resistance 2 | 784.5 | 896.0 | 1781.25 | 3495.8 | |
| Resistance 1 | 777.0 | 893.0 | 1763.50 | 3413.7 | |
| Pivot | 768.5 | 888.0 | 1729.25 | 3332.3 | |
| Support 1 | 761.0 | 885.0 | 1711.5 | 3250.2 | |
| Support 2 | 752.5 | 880.0 | 1677.25 | 3168.8 | |
| Support 3 | 745.0 | 877.0 | 1659.50 | 3086.7 |
5. Economic Reports
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 4:32pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
| Wed
Sep 12
|
1:30am | EUR |
French CPI m/m
|
0.7% | 0.5% | -0.4% | |||
| 2:00am | EUR |
German Final CPI m/m
|
0.4% | 0.3% | 0.3% | ||||
| 4:00am | EUR |
German Constitutional Court Ruling
|
|||||||
| 4:00am | EUR |
Italian Industrial Production m/m
|
-0.2% | -0.5% | -1.3% | ||||
| All Day | EUR |
Dutch Parliamentary Election
|
|||||||
| 5:00am | EUR |
Industrial Production m/m
|
0.6% | 0.0% | -0.6% | ||||
| 8:30am | USD |
Import Prices m/m
|
0.7% | 1.4% | -0.7% | ||||
| 10:00am | USD |
Wholesale Inventories m/m
|
0.7% | 0.3% | -0.2% | ||||
| 10:30am | USD |
Crude Oil Inventories
|
2.0M | -1.8M | -7.4M | ||||
| 1:00pm | USD |
10-y Bond Auction
|
1.76|2.9 | 1.68|2.5 |
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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