The Futures Trader's Destination for Over 25 Years

Open an Account
Call Us Free: 1-800-454-9572
Why Trade with Cannon?
  • USA
  • Canada
  • Mexico
  • United Kingdom
  • France
  • Italy
  • Spain
  • Germany
  • Australia
  • Netherlands
  • Romania
  • Belgium
  • Sweden
  • Czech Republic
  • Hungary
  • Switzerland
  • Austria
  • Portugal
  • Denmark
  • Greece
  • UAE
  • Israel
  • Jordan
  • Saudi Arabia
  • India
  • Argentina
  • Costa Rica
  • Peru
  • Chile
  • Brazil
  • China
  • Hong Kong
  • Japan
  • Russia
  • Thailand
  • South Korea
  • Taiwan
  • Philippines
  • Singapore
  • And Many More!
Countries We Accept Clients From | International Calls: 310-859-9572

Trading Levels and Reports for 8-24-2012

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 Friday August 24, 2012

 

Hello Traders,

Couple of days ago I shared with you my daily mini SP chart with a possible sell signal I had. That specific signal along with the one below for the mini Russell got a confirmation in my opinion with price action breaking below immediate support.

For the mini Russell 2000 to make a meaningful correction, perhaps 787, I would like to see price action breaking below 801 .

 

Daily chart of the mini Russell 2000 for your review below. If you would like to have a second opinion on different markets, trading methods and more, feel free to

 

 

mini russell 2000

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 1417.33 2801.67 13135 829.73 81.85
Resistance 2 1412.92 2790.33 13113 823.47 81.69
Resistance 1 1406.83 2777.17 13075 814.03 81.54
Pivot 1402.42 2765.83 13053 807.77 81.38
Support 1 1396.33 2752.67 13015 798.33 81.22
Support 2 1391.92 2741.33 12993 792.07 81.06
Support 3 1385.83 2728.17 12955 782.63 80.91

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 1705.1 1.2662 100.19 149 23/32
Resistance 2 1691.3 1.2627 99.24 149 5/32
Resistance 1 1682.1 1.2596 97.65 148 25/32
Pivot 1668.3 1.2561 96.70 148 7/32
Support 1 1659.1 1.2530 95.11 147 27/32
Support 2 1645.3 1.2495 94.16 147 9/32
Support 3 1636.1 1.2464 92.57 146 29/32

4. Support & Resistance Levels for Corn, Wheat, Beans and Silver

Contract Dec. Corn Sept. Wheat Nov. Beans Sept. Silver
Resistance 3 844.8 942.5 1756.33 3199.7
Resistance 2 837.9 932.5 1744.17 3139.3
Resistance 1 826.3 913.5 1729.08 3096.7
Pivot 819.4 903.5 1716.92 3036.3
Support 1 807.8 884.5 1701.8 2993.7
Support 2 800.9 874.5 1689.67 2933.3
Support 3 789.3 855.5 1674.58 2890.7




5. Economic Reports

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

All times are Eastern time Zone (EST)

Date 4:04pm Currency Impact Detail Actual Forecast Previous Graph
Fri

Aug 24
 8:30am USD
Core Durable Goods Orders m/m
0.5% -1.4%
8:30am USD
Durable Goods Orders m/m
2.6% 1.3%
9:00am EUR
Belgium NBB Business Climate
-11.6 -11.3
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.

Download Cannon’s new eBook, “Futures Forthright” instantly.


Quick Tip: After registering you will be emailed login information, so be sure to use an email address you have access to. If you need assistance please call us at 1-800-454-9572, a professional broker will help you through the registration process.
________
Doing Business With
See more...
Loading
Loading

Loading