Trading Levels and Reports for September 19, 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 September 18, 2012
Hello Traders,
Front month for Stock index futures, CURRENCIES, FINANCIALS is DECEMBER. The symbol for December is Z.
ESZ2, NQZ2 etc.
SIlver, copper and gold chart below are also December.
Below is a screen shot from today’s trading session and reflects potential buy/sell signals I share with clients and interested prospects.
If you like to observe the charts in realtime sign up at:
https://www.cannontrading.com/tools/intraday-futures-trading-signals
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 Dec. 2012 | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell | Dollar Index |
| Resistance 3 | 1460.57 | 2866.00 | 13557 | 864.10 | 515.40 |
| Resistance 2 | 1457.88 | 2860.00 | 13528 | 860.60 | 510.00 |
| Resistance 1 | 1455.07 | 2855.00 | 13507 | 856.40 | 501.00 |
| Pivot | 1452.38 | 2849.00 | 13478 | 852.90 | 495.60 |
| Support 1 | 1449.57 | 2844.00 | 13457 | 848.70 | 486.60 |
| Support 2 | 1446.88 | 2838.00 | 13428 | 845.20 | 481.20 |
| Support 3 | 1444.07 | 2833.00 | 13407 | 841.00 | 472.20 |
| Contract | Dec Gold | Dec. Silver | Nov. Crude Oil | Dec. Bonds | Dec. Euro |
| Resistance 3 | 1804.5 | 3636.7 | 99.21 | 147 19/32 | 1.3193 |
| Resistance 2 | 1790.2 | 3573.3 | 98.38 | 147 2/32 | 1.3162 |
| Resistance 1 | 1781.8 | 3528.2 | 97.08 | 146 17/32 | 1.3104 |
| Pivot | 1767.5 | 3464.8 | 96.25 | 146 | 1.3073 |
| Support 1 | 1759.1 | 3419.7 | 94.95 | 145 15/32 | 1.3015 |
| Support 2 | 1744.8 | 3356.3 | 94.12 | 144 30/32 | 1.2984 |
| Support 3 | 1736.4 | 3311.2 | 92.82 | 144 13/32 | 1.2926 |
| Contract | Dec. Corn | Dec. Wheat | Nov. Beans | Dec. SoyMeal | Dec. bean Oil |
| Resistance 3 | 763.8 | 905.3 | 1683.00 | 515.40 | #VALUE! |
| Resistance 2 | 758.7 | 896.2 | 1674.00 | 510.00 | #VALUE! |
| Resistance 1 | 749.3 | 879.8 | 1657.00 | 501.00 | #VALUE! |
| Pivot | 744.2 | 870.7 | 1648.00 | 495.60 | #VALUE! |
| Support 1 | 734.8 | 854.3 | 1631.0 | 486.6 | #VALUE! |
| Support 2 | 729.7 | 845.2 | 1622.00 | 481.20 | #VALUE! |
| Support 3 | 720.3 | 828.8 | 1605.00 | 472.20 | #VALUE! |
5. Economic Reports
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 4:08pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
| Tue
Sep 18
|
5:00am | EUR |
German ZEW Economic Sentiment
|
-18.2 | -19.2 | -25.5 | |||
| 5:00am | EUR |
ZEW Economic Sentiment
|
-3.8 | -16.3 | -21.2 | ||||
| 8:30am | USD |
Current Account
|
-117B | -126B | -134B | ||||
| 8:38am | USD |
TIC Long-Term Purchases
|
67.0B | 37.3B | 9.3B | ||||
| 10:00am | USD |
NAHB Housing Market Index
|
40 | 38 | 37 | ||||
| 12:45pm | USD |
FOMC Member Dudley Speaks
|
|||||||
| 4:30pm | USD |
FOMC Member Dudley Speaks
|
|||||||
| 7:45pm | USD |
FOMC Member Lacker Speaks
|
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
