Trading Levels and Reports for 10-30-2012
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 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:
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
