Trading Levels and Reports for 9-28-2012
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 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
