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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 Tuesday October 30, 2012

 

Hello Traders,

Hurricane Sandy shut down the NYSE and in return CME and ICE shut down trading on stock index futures earlier this morning and then shut down interest rates earlier than normal.

 

As of this moment, CME plans on having NORMAL trading for tonight and tomorrow’s session.

 

If we hear anything different we will update you and feel free to check the CME website for any updates:

 

http://www.cmegroup.com/

 

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 1421.50 2692.00 13054 820.03 492.43
Resistance 2 1414.50 2675.50 13054 815.77 487.97
Resistance 1 1411.00 2667.25 13054 810.23 480.23
Pivot 1404.00 2650.75 13054 805.97 475.77
Support 1 1400.50 2642.50 13054 800.43 468.03
Support 2 1393.50 2626.00 13054 796.17 463.57
Support 3 1390.00 2617.75 13054 790.63 455.83
Contract Dec Gold Dec. Silver Dec. Crude Oil Dec. Bonds Dec. Euro
Resistance 3 1727.6 3265.3 87.94 150  2/32 1.3001
Resistance 2 1722.7 3244.2 87.18 149 17/32 1.2976
Resistance 1 1716.0 3210.3 86.17 149  4/32 1.2941
Pivot 1711.1 3189.2 85.41 148 19/32 1.2916
Support 1 1704.4 3155.3 84.40 148  6/32 1.2881
Support 2 1699.5 3134.2 83.64 147 21/32 1.2856
Support 3 1692.8 3100.3 82.63 147  8/32 1.2821
Contract Dec. Corn Dec. Wheat Jan. Beans Dec. SoyMeal Dec. bean Oil
Resistance 3 748.2 859.7 1558.17 492.43 50.81
Resistance 2 744.8 859.3 1551.08 487.97 50.65
Resistance 1 740.9 858.7 1539.17 480.23 50.41
Pivot 737.6 858.3 1532.08 475.77 50.25
Support 1 733.7 857.7 1520.2 468.0 50.0
Support 2 730.3 857.3 1513.08 463.57 49.85

5. Economic Reports

All times are Eastern time Zone (EST)

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

Date 3:33pm Currency Impact Detail Actual Forecast Previous Graph
Tue

Oct 30
 4:00am EUR
ECB President Draghi Speaks
4:00am EUR
Spanish Flash GDP q/q
-0.4% -0.4%
4:55am EUR
German Unemployment Change
10K 9K
5:10am EUR
Retail PMI
47.1
Tentative EUR
Italian 10-y Bond Auction
5.24|1.3
9:00am USD
S&P/CS Composite-20 HPI y/y
1.9% 1.2%
Postponed USD
CB Consumer Confidence
72.4 70.3
Cancelled USD
FOMC Member Dudley 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  

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