1-800-454-9572 info@cannontrading.com

Support & Resistance Levels

This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.

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 Thursday September 6, 2012

 

Hello Traders,

 

Below is a screen shot of the Mini Russell 2000 chart I shared during today’s session with clients and prospects during our live trading signals session.

Would you like to have access to my DIAMOND and TOPAZ ALGOs as shown above

and be able to apply for any market and any time frame on your own PC ?   You can now have a two weeks free trial where I enable the ALGO along with few studies for your own sierra/ ATcharts.

To start your trial, please visit:

https://www.cannontrading.com/tools/intraday-futures-trading-signals

 

 

Also please like us on Facebook!!

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 Sept. 2012 SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell Dollar Index
Resistance 3 1415.00 2798.67 13155 832.73 82.13
Resistance 2 1411.50 2789.33 13120 828.77 81.90
Resistance 1 1407.00 2778.17 13080 824.73 81.57
Pivot 1403.50 2768.83 13045 820.77 81.34
Support 1 1399.00 2757.67 13005 816.73 81.01
Support 2 1395.50 2748.33 12970 812.77 80.78
Support 3 1391.00 2737.17 12930 808.73 80.45
Contract Dec Gold Sept. Euro Oct. Crude Oil Dec. Bonds
Resistance 3 1707.5 1.2773 97.42 151 29/32
Resistance 2 1703.0 1.2699 96.54 151 20/32
Resistance 1 1698.7 1.2650 96.01 151 9/32
Pivot 1694.2 1.2576 95.13 151
Support 1 1689.9 1.2527 94.60 150 21/32
Support 2 1685.4 1.2453 93.72 150 12/32
Support 3 1681.1 1.2404 93.19 150 1/32
Contract Dec. Corn Dec. Wheat Nov. Beans Dec. Silver
Resistance 3 804.6 892.2 1777.67 3288.7
Resistance 2 801.4 886.6 1769.83 3265.8
Resistance 1 796.1 877.2 1758.67 3245.7
Pivot 792.9 871.6 1750.83 3222.8
Support 1 787.6 862.2 1739.7 3202.7
Support 2 784.4 856.6 1731.83 3179.8
Support 3 779.1 847.2 1720.67 3159.7


5. Economic Reports

source:http://www.forexfactory.com/calendar.php

All times are Eastern time Zone (EST)

Date 5:11pm Currency Impact Detail Actual Forecast Previous Graph
Thu

Sep 6
 5:00am EUR
Revised GDP q/q
-0.2% -0.2%
Tentative EUR
French 10-y Bond Auction
2.53|1.9
6:00am EUR
German Factory Orders m/m
0.3% -1.7%
7:30am USD
Challenger Job Cuts y/y
-44.5%
7:45am EUR
Minimum Bid Rate
0.75% 0.75%
8:15am USD
ADP Non-Farm Employment Change
142K 163K
8:30am EUR
ECB Press Conference
8:30am USD
Unemployment Claims
369K 374B
10:00am USD
ISM Non-Manufacturing PMI
52.5 52.6
10:30am USD
Natural Gas Storage
40B 66B
11:00am USD
Crude Oil Inventories
-4.9M 3.8M
12:30pm EUR
ECB President Draghi 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

Tags: > > > Posted in: Future Trading News  

Comments are closed.

Trading Expertise As Featured In

Trading Tips You Can Use Right Away!


Watch 4 short videos on the topics of:
  • Using Bollinger Bands and Parabolics
  • Using range Bars for Day-Trading
  • The concept of Price Confirmation
  • How to Use Support & Resistance Levels
  • License 3 Broker at your Fingertips

Partners

Loading
Loading

Loading