Trading Levels and Reports for August 16, 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 16, 2012
Hello Traders,
8 Steps to Successful Day Trading
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 | 1412.00 | 2755.17 | 13208 | 816.90 | 83.20 |
| Resistance 2 | 1408.80 | 2746.83 | 13187 | 809.60 | 83.02 |
| Resistance 1 | 1405.90 | 2741.67 | 13163 | 805.90 | 82.86 |
| Pivot | 1402.70 | 2733.33 | 13142 | 798.60 | 82.69 |
| Support 1 | 1399.80 | 2728.17 | 13118 | 794.90 | 82.53 |
| Support 2 | 1396.60 | 2719.83 | 13097 | 787.60 | 82.35 |
| Support 3 | 1393.70 | 2714.67 | 13073 | 783.90 | 82.19 |
3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds
| Contract | Dec Gold | Sept. Euro | Sept. Crude Oil | Sept. Bonds | |
| Resistance 3 | 1629.3 | 1.2419 | 97.38 | 147 31/32 | |
| Resistance 2 | 1619.0 | 1.2384 | 96.14 | 147 18/32 | |
| Resistance 1 | 1612.6 | 1.2338 | 95.16 | 146 27/32 | |
| Pivot | 1602.3 | 1.2303 | 93.92 | 146 14/32 | |
| Support 1 | 1595.9 | 1.2257 | 92.94 | 145 23/32 | |
| Support 2 | 1585.6 | 1.2222 | 91.70 | 145 10/32 | |
| Support 3 | 1579.2 | 1.2176 | 90.72 | 144 19/32 |
4. Support & Resistance Levels for Corn, Wheat, Beans and Silver
| Contract | Dec. Corn | Sept. Wheat | Nov. Beans | Sept. Silver | |
| Resistance 3 | 818.9 | 851.7 | 1654.67 | 2854.3 | |
| Resistance 2 | 812.3 | 850.3 | 1644.83 | 2825.2 | |
| Resistance 1 | 808.2 | 847.7 | 1639.67 | 2801.3 | |
| Pivot | 801.6 | 846.3 | 1629.83 | 2772.2 | |
| Support 1 | 797.4 | 843.7 | 1624.7 | 2748.3 | |
| Support 2 | 790.8 | 842.3 | 1614.83 | 2719.2 | |
| Support 3 | 786.7 | 839.7 | 1609.67 | 2695.3 |
5. Economic Reports
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 3:55pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
| Thu
Aug 16
|
5:00am | EUR |
CPI y/y
|
2.4% | 2.4% | ||||
| 5:00am | EUR |
Core CPI y/y
|
1.7% | 1.6% | |||||
| 8:30am | USD |
Building Permits
|
0.77M | 0.76M | |||||
| 8:30am | USD |
Unemployment Claims
|
365K | 361K | |||||
| 8:30am | USD |
Housing Starts
|
0.76M | 0.76M | |||||
| 10:00am | USD |
Philly Fed Manufacturing Index
|
-4.7 | -12.9 | |||||
| 10:30am | USD |
Natural Gas Storage
|
25B | 24B |
