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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
Tuesday morning right on the open we will host Thomas DeLello, Founder and Head Trader at Order Flow Edge for a webinar – Order Flow Edge and understanding supply and demand
Watch a Seasoned Market Veteran TRADE LIVE Using Order Flow Analysis
Join us for a Webinar on April 17
Space is limited. Reserve your Webinar seat now at:
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
Also monthly global outlook for April-May is now available at:
Wishing all of you a great weekend!
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 | 1389.67 | 2753.33 | 12958 | 820.03 |
| Resistance 2 | 1384.73 | 2740.67 | 12924 | 814.47 |
| Resistance 1 | 1375.87 | 2719.33 | 12863 | 804.23 |
| Pivot | 1370.93 | 2706.67 | 12829 | 798.67 |
| Support 1 | 1362.07 | 2685.33 | 12768 | 788.43 |
| Support 2 | 1357.13 | 2672.67 | 12734 | 782.87 |
| Support 3 | 1348.27 | 2651.33 | 12673 | 772.63 |
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 | 1703.7 | 1.3299 | 104.95 | 143 18/32 |
| Resistance 2 | 1691.5 | 1.3252 | 104.43 | 142 22/32 |
| Resistance 1 | 1674.2 | 1.3167 | 103.66 | 142 5/32 |
| Pivot | 1662.0 | 1.3120 | 103.14 | 141 9/32 |
| Support 1 | 1644.7 | 1.3035 | 102.37 | 140 24/32 |
| Support 2 | 1632.5 | 1.2988 | 101.85 | 139 28/32 |
| Support 3 | 1615.2 | 1.2903 | 101.08 | 139 11/32 |
4. Support & Resistance Levels for Corn, Wheat, Beans and Silver
| Contract | May Corn | May Wheat | May Beans | May Silver |
| Resistance 3 | 646.2 | 630.7 | 1455.83 | 3330.2 |
| Resistance 2 | 641.1 | 627.8 | 1449.92 | 3286.8 |
| Resistance 1 | 635.2 | 625.7 | 1443.33 | 3216.2 |
| Pivot | 630.1 | 622.8 | 1437.42 | 3172.8 |
| Support 1 | 624.2 | 620.7 | 1430.8 | 3102.2 |
| Support 2 | 619.1 | 617.8 | 1424.92 | 3058.8 |
| Support 3 | 613.2 | 615.7 | 1418.33 | 2988.2 |
5. Economic Reports
4:00am EUR
Italian Trade Balance
5:00am EUR
Trade Balance
8:30am USD
Core Retail Sales m/m
8:30am USD
Retail Sales m/m
8:30am USD
Empire State Manufacturing Index
9:00am USD
TIC Long-Term Purchases
10:00am USD
Business Inventories m/m
10:00am USD
NAHB Housing Market Index
12:30pm USD
FOMC Member Pianalto Speaks