Jump to a section in this post:
1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – March Corn, March Wheat, Jan Beans, March Silver
5. Economic Report for Monday April 16, 2012
Hello Traders
Watch a Seasoned Market Veteran TRADE LIVE Using Order Flow Analysis
Join us for a Webinar on April 17 8:15 AM central time
Space is limited.
Reserve your Webinar seat now at:
https://www2.gotomeeting.com/register/228463594
Cannon Trading is hosting Thomas DeLello, Founder and Head Trader at Order Flow Edge for a webinar – Order Flow Edge and understanding supply and demand
OrderFlowEdge is headed by 15 year veteran trader Thomas DeLello.
Thomas trades look for low risk profits as a function of trading what is real. By basing his market decisions on simple, objective ways in which to quantify Supply & Demand he effectively eliminates subjective emotions from his trading.
Thomas is very active in the ES S&P eminis and the Forex spot currency markets. He also trades currency futures, oil futures, and bond futures.
In this webinar you will learn:
* that Order-Flow is the driving force in the market. Change in order-flow precedes change in price.
* Understanding current supply and demand conditions in the market is the key
* How changes in order flow affect price
* Understanding current supply and demand conditions in the market.
* Identifying supply and demand imbalances in the market.
SEATS ARE LIMITED, SO DON’T MISS THIS SPECIAL FREE WEBINAR!
Risk: 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.
Title: Watch a Seasoned Market Veteran TRADE LIVE Using Order Flow Analysis
Date: Tuesday, April 17, 2012
Time: 8:15 AM – 10:00 AM CDT
After registering you will receive a confirmation email containing information about joining the Webinar.
System Requirements
PC-based attendees
Required: Windows® 7, Vista, XP or 2003 Server
Macintosh®-based attendees
Required: Mac OS® X 10.5 or newer
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.
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
| Contract (June 2012) | SP500 (big & Mini) |
Nasdaq100 (big & Mini) |
Dow Jones (big & Mini) |
Mini Russell |
| Resistance 3 | 1387.17 | 2748.17 | 13009 | 814.40 |
| Resistance 2 | 1381.08 | 2728.83 | 12965 | 807.70 |
| Resistance 1 | 1373.17 | 2695.67 | 12919 | 801.00 |
| Pivot | 1367.08 | 2676.33 | 12875 | 794.30 |
| Support 1 | 1359.17 | 2643.17 | 12829 | 787.60 |
| Support 2 | 1353.08 | 2623.83 | 12785 | 780.90 |
| Support 3 | 1345.17 | 2590.67 | 12739 | 774.20 |
3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds
| Contract | June Gold | June Euro | May Crude Oil | June Bonds |
| Resistance 3 | 1678.6 | 1.3350 | 105.25 | 143 2/32 |
| Resistance 2 | 1669.1 | 1.3252 | 104.31 | 142 22/32 |
| Resistance 1 | 1661.0 | 1.3196 | 103.68 | 142 6/32 |
| Pivot | 1651.5 | 1.3098 | 102.74 | 141 26/32 |
| Support 1 | 1643.4 | 1.3042 | 102.11 | 141 10/32 |
| Support 2 | 1633.9 | 1.2944 | 101.17 | 140 30/32 |
| Support 3 | 1625.8 | 1.2888 | 100.54 | 140 14/32 |
4. Support & Resistance Levels for Corn, Wheat, Beans and Silver
| Contract | May Corn | May Wheat | May Beans | May Silver |
| Resistance 3 | 635.2 | 618.5 | 1437.67 | 3224.3 |
| Resistance 2 | 632.1 | 617.8 | 1432.33 | 3197.2 |
| Resistance 1 | 627.7 | 617.0 | 1426.17 | 3171.8 |
| Pivot | 624.6 | 616.3 | 1420.83 | 3144.7 |
| Support 1 | 620.2 | 615.5 | 1414.7 | 3119.3 |
| Support 2 | 617.1 | 614.8 | 1409.33 | 3092.2 |
| Support 3 | 612.7 | 614.0 | 1403.17 | 3066.8 |
5. Economic Reports
5:00am EUR
German ZEW Economic Sentiment
5:00am EUR
CPI y/y
5:00am EUR
Core CPI y/y
5:00am EUR
ZEW Economic Sentiment
8:30am EUR
ECB President Draghi Speaks
8:30am USD
Building Permits
8:30am USD
Housing Starts
9:15am USD
Capacity Utilization Rate
9:15am USD
Industrial Production m/m