Reports and Levels for September 6, 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 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
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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
