Trading Levels and Reports for 9-28-2012

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 September 28, 2012

 

Hello Traders,

Last trading day of the month is tomorrow.

I thought the following reading by my colleague would be of interest:

 

Ranking 30 Market Events

Where do I look and when do I pay attention?

By Justin Smith, Cannon Trading Commodities Broker

Every trader has done it. You’ve done it, your friends have done it, even your broker has done it at one point early in their career.

Here’s the scenario:

You’ve finally finished your futures education at Cannon Trading Company. You’ve done you’re homework on stops, limits, indicators and price movements for the market you’re trading. You’re ready to go, you enter your limit order and you wait.

**DING**

 

Read the rest at:

https://www.cannontrading.com/community/man-vs-markets-futures-trading-blog

 

Be patient and stay disciplined.

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 1460.67 2875.00 13568 858.03 487.73
Resistance 2 1452.33 2848.00 13512 850.57 483.77
Resistance 1 1446.67 2832.00 13463 845.03 478.83
Pivot 1438.33 2805.00 13407 837.57 474.87
Support 1 1432.67 2789.00 13358 832.03 469.93
Support 2 1424.33 2762.00 13302 824.57 465.97
Support 3 1418.67 2746.00 13253 819.03 461.03
Contract Dec Gold Dec. Silver Nov. Crude Oil Dec. Bonds Dec. Euro
Resistance 3 1820.4 3593.2 95.58 150 25/32 1.3065
Resistance 2 1801.6 3537.3 93.99 150 12/32 1.3003
Resistance 1 1790.7 3502.2 93.07 149 30/32 1.2964
Pivot 1771.9 3446.3 91.48 149 17/32 1.2902
Support 1 1761.0 3411.2 90.56 149  3/32 1.2863
Support 2 1742.2 3355.3 88.97 148 22/32 1.2801
Support 3 1731.3 3320.2 88.05 148  8/32 1.2762
Contract Dec. Corn Dec. Wheat Nov. Beans Dec. SoyMeal Dec. bean Oil
Resistance 3 730.5 877.9 1597.17 487.73 53.32
Resistance 2 725.8 872.8 1589.58 483.77 53.06
Resistance 1 721.0 864.2 1580.17 478.83 52.82
Pivot 716.3 859.1 1572.58 474.87 52.56
Support 1 711.5 850.4 1563.2 469.9 52.3
Support 2 706.8 845.3 1555.58 465.97 52.06
Support 3 702.0 836.7 1546.17 461.03 51.82

5. Economic Reports

All times are Eastern time Zone (EST)

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

Date 3:54pm Currency Impact Detail Actual Forecast Previous Graph
Fri

Sep 28
 2:00am EUR
German Retail Sales m/m
0.5% -1.0%
2:45am EUR
French Consumer Spending m/m
0.1% 0.1%
2:45am EUR
French Consumer Spending m/m
-0.4%
5:00am EUR
CPI Flash Estimate y/y
2.4% 2.6%
Tentative EUR
Spanish Bank Stress Test Results
5:00am EUR
Italian Prelim CPI m/m
-0.1% 0.4%
8:30am USD
Core PCE Price Index m/m
0.1% 0.0%
8:30am USD
Personal Spending m/m
0.5% 0.4%
8:30am USD
Personal Income m/m
0.2% 0.3%
9:45am USD
Chicago PMI
52.9 53.0
9:55am USD
Revised UoM Consumer Sentiment
78.9 79.2
9:55am USD
Revised UoM Inflation Expectations
3.5%

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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