Reports and Levels for September 25, 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 26, 2012
Hello Traders,
Sell off today in stock index futures would need to see more follow through with more volume in order to give this leg down more power.
Daily chart along with levels for your review below:
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 | 1472.67 | 2894.00 | 13655 | 869.67 | 500.00 |
| Resistance 2 | 1464.68 | 2874.00 | 13600 | 862.43 | 495.50 |
| Resistance 1 | 1450.97 | 2838.00 | 13500 | 849.87 | 491.80 |
| Pivot | 1442.98 | 2818.00 | 13445 | 842.63 | 487.30 |
| Support 1 | 1429.27 | 2782.00 | 13345 | 830.07 | 483.60 |
| Support 2 | 1421.28 | 2762.00 | 13290 | 822.83 | 479.10 |
| Support 3 | 1407.57 | 2726.00 | 13190 | 810.27 | 475.40 |
| Contract | Dec Gold | Dec. Silver | Nov. Crude Oil | Dec. Bonds | Dec. Euro |
| Resistance 3 | 1790.9 | 3515.2 | 94.67 | 149 30/32 | 1.3053 |
| Resistance 2 | 1784.4 | 3484.8 | 93.94 | 149 6/32 | 1.3018 |
| Resistance 1 | 1774.0 | 3432.2 | 92.51 | 148 28/32 | 1.2968 |
| Pivot | 1767.5 | 3401.8 | 91.78 | 148 4/32 | 1.2933 |
| Support 1 | 1757.1 | 3349.2 | 90.35 | 147 26/32 | 1.2883 |
| Support 2 | 1750.6 | 3318.8 | 89.62 | 147 2/32 | 1.2848 |
| Support 3 | 1740.2 | 3266.2 | 88.19 | 146 24/32 | 1.2798 |
| Contract | Dec. Corn | Dec. Wheat | Nov. Beans | Dec. SoyMeal | Dec. bean Oil |
| Resistance 3 | 753.2 | 900.6 | 1629.33 | 500.00 | 54.54 |
| Resistance 2 | 749.6 | 895.7 | 1623.17 | 495.50 | 54.30 |
| Resistance 1 | 746.7 | 891.1 | 1617.33 | 491.80 | 53.91 |
| Pivot | 743.1 | 886.2 | 1611.17 | 487.30 | 53.67 |
| Support 1 | 740.2 | 881.6 | 1605.3 | 483.6 | 53.3 |
| Support 2 | 736.6 | 876.7 | 1599.17 | 479.10 | 53.04 |
| Support 3 | 733.7 | 872.1 | 1593.33 | 475.40 | 52.65 |
5. Economic Reports
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 4:14pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
| Wed
Sep 26
|
All Day | EUR |
German Prelim CPI m/m
|
0.0% | 0.4% | ||||
| 4:00am | EUR |
Italian Retail Sales m/m
|
-0.1% | 0.4% | |||||
| Tentative | EUR |
German 10-y Bond Auction
|
1.42|1.1 | ||||||
| 10:00am | USD |
New Home Sales
|
381K | 372K | |||||
| 10:30am | USD |
Crude Oil Inventories
|
1.7M | 8.5M |
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
