Trading Levels and Reports for 8-23-2012
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 August 23, 2012
Hello Traders,
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.
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
| Contract Sept. 2012 | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell | Dollar Index |
| Resistance 3 | 1425.33 | 2827.67 | 13283 | 822.23 | 82.63 |
| Resistance 2 | 1419.67 | 2808.83 | 13236 | 818.57 | 82.38 |
| Resistance 1 | 1415.83 | 2795.67 | 13195 | 814.93 | 81.97 |
| Pivot | 1410.17 | 2776.83 | 13148 | 811.27 | 81.72 |
| Support 1 | 1406.33 | 2763.67 | 13107 | 807.63 | 81.30 |
| Support 2 | 1400.67 | 2744.83 | 13060 | 803.97 | 81.05 |
| Support 3 | 1396.83 | 2731.67 | 13019 | 800.33 | 80.64 |
3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds
| Contract | Dec Gold | Sept. Euro | Oct. Crude Oil | Sept. Bonds | |
| Resistance 3 | 1686.9 | 1.2677 | 99.07 | 149 25/32 | |
| Resistance 2 | 1672.5 | 1.2610 | 98.31 | 148 25/32 | |
| Resistance 1 | 1665.0 | 1.2568 | 97.79 | 148 12/32 | |
| Pivot | 1650.6 | 1.2501 | 97.03 | 147 12/32 | |
| Support 1 | 1643.1 | 1.2459 | 96.51 | 146 31/32 | |
| Support 2 | 1628.7 | 1.2392 | 95.75 | 145 31/32 | |
| Support 3 | 1621.2 | 1.2350 | 95.23 | 145 18/32 |
4. Support & Resistance Levels for Corn, Wheat, Beans and Silver
| Contract | Dec. Corn | Sept. Wheat | Nov. Beans | Sept. Silver | |
| Resistance 3 | 851.0 | 919.8 | 1749.17 | 3079.2 | |
| Resistance 2 | 845.3 | 919.2 | 1740.58 | 3033.8 | |
| Resistance 1 | 840.0 | 917.8 | 1734.17 | 3007.7 | |
| Pivot | 834.3 | 917.2 | 1725.58 | 2962.3 | |
| Support 1 | 829.0 | 915.8 | 1719.2 | 2936.2 | |
| Support 2 | 823.3 | 915.2 | 1710.58 | 2890.8 | |
| Support 3 | 818.0 | 913.8 | 1704.17 | 2864.7 |
5. Economic Reports
All times are Eastern time Zone (EST)
source:http://www.forexfactory.com/calendar.php
| Date | 4:02pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
| Thu
Aug 23
|
2:00am | EUR |
German Final GDP q/q
|
0.3% | 0.3% | ||||
| 3:00am | EUR |
French Flash Manufacturing PMI
|
43.7 | 43.4 | |||||
| 3:00am | EUR |
French Flash Services PMI
|
50.0 | 50.0 | |||||
| 3:30am | EUR |
German Flash Manufacturing PMI
|
43.5 | 43.0 | |||||
| 3:30am | EUR |
German Flash Services PMI
|
50.1 | 50.3 | |||||
| 4:00am | EUR |
Flash Manufacturing PMI
|
44.2 | 44.0 | |||||
| 4:00am | EUR |
Flash Services PMI
|
47.7 | 47.9 | |||||
| 8:30am | USD |
Unemployment Claims
|
365K | 366K | |||||
| 9:00am | USD |
Flash Manufacturing PMI
|
51.3 | 51.4 | |||||
| 10:00am | EUR |
Consumer Confidence
|
-22 | -22 | |||||
| 10:00am | USD |
New Home Sales
|
363K | 350K | |||||
| 10:00am | USD |
HPI m/m
|
0.6% | 0.8% | |||||
| 10:30am | USD |
Natural Gas Storage
|
40B | 20B |
