Fed Chairman Bernanke Speaks Tomorrow | Support and Resistanec Levels
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
In this post:
1. Market Commentary
2. Support and Resistance Levels
3. Economic Reports
1. Market Commentary
FRONT MONTH FOR EQUITIES AND BONDS IS DECEMBER
SYMBOL FOR DECEMBER IS Z
Good article on our weekly futures newsletter regarding “knowing your risk”
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!
| Contract (Sept. 2011) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1241.00 | 2344.50 | 11734 | 751.47 |
| Resistance 2 | 1218.50 | 2308.75 | 11525 | 730.33 |
| Resistance 1 | 1200.50 | 2277.50 | 11349 | 714.17 |
| Pivot | 1178.00 | 2241.75 | 11140 | 693.03 |
| Support 1 | 1160.00 | 2210.50 | 10964 | 676.87 |
| Support 2 | 1137.50 | 2174.75 | 10755 | 655.73 |
| Support 3 | 1119.50 | 2143.50 | 10579 | 639.57 |
| Contract | Dec. Gold | Sept. Euro | Oct. Crude Oil | Dec. Bonds |
| Resistance 3 | 1858.3 | 1.4017 | 91.82 | 142 16/32 |
| Resistance 2 | 1847.3 | 1.3900 | 91.04 | 141 22/32 |
| Resistance 1 | 1835.2 | 1.3825 | 89.78 | 141 4/32 |
| Pivot | 1824.2 | 1.3708 | 89.00 | 140 10/32 |
| Support 1 | 1812.1 | 1.3633 | 87.74 | 139 24/32 |
| Support 2 | 1801.1 | 1.3516 | 86.96 | 138 30/32 |
| Support 3 | 1789.0 | 1.3441 | 85.70 | 138 12/32 |
3. Economic Reports for Thursday August 15th, 2011
Core CPI m/m
8:30am USD
Unemployment Claims
8:30am USD
CPI m/m
8:30am USD
Current Account
8:30am USD
Empire State Manufacturing Index
8:30am USD
Fed Chairman Bernanke Speaks
8:45am USD
Capacity Utilization Rate
9:15am USD
Industrial Production m/m
9:15am USD
Philly Fed Manufacturing Index
10:00am USD
Natural Gas Storage
10:30am USD
FOMC Member Tarullo Speaks
1:45pm USD
Economics Report Source: http://www.forexfactory.com/calendar.php
