Trading Levels and Reports for August 28th 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 Tuesday August 28, 2012

 

Hello Traders,

Adding Options as a Weapon in Your Trading Arsenal
Join us for a Webinar on August 28th 3:00 PM Central

Space is limited.
Reserve your Webinar seat now at:
https://www2.gotomeeting.com/register/348221978

Join us for a FREE WEBINAR Aug. 28th at 3:00 PM Central Time.

Options on futures can be used in many different ways and as a trader you need to be aware of all the tools you can use!
Join John Thorpe, Senior Broker with Cannon Trading Co, Inc. as he walks you through Options 101 and explains the basics of options and different ways traders can utilize options in their trading along with current options trading recommendations.

 

This Webinar is intended for Traders with no options experience to the beginning student of options on futures, this Webinar is intended to be the first in a series of periodic Webinars ending with Advanced Option Strategies. This Webinar will cover:
* Difference between Futures and Futures Options
* Option as an Insurance product
* Two components that make up the value of an option.
               a. Time Value
               b. Intrinsic value
* Buying Options
*Selling Options
* Current Options recommendations
SEATS ARE LIMITED, SO DON’T MISS THIS SPECIAL FREE WEBINAR!

 

Risk: 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.

 

Title:Adding Options as a weapon in your trading arsenal
Date: Tuesday, August 28, 2012
Time: 1:00 PM – 1:30 AM PDT

 

After registering you will receive a confirmation email containing information about joining the Webinar.

 

System Requirements
PC-based attendees
Required: Windows® 7, Vista, XP or 2003 Server

 

Macintosh®-based attendees
Required: Mac OS® X 10.5 or newer
Mobile attendees
Required: iPhone®/iPad®/Android™ smartphone or tablet

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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 1420.00 2803.33 13195 822.27 82.01
Resistance 2 1417.25 2797.67 13175 818.33 81.87
Resistance 1 1413.00 2789.33 13145 813.17 81.78
Pivot 1410.25 2783.67 13125 809.23 81.64
Support 1 1406.00 2775.33 13095 804.07 81.56
Support 2 1403.25 2769.67 13075 800.13 81.42
Support 3 1399.00 2761.33 13045 794.97 81.33

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 1688.8 1.2578 100.71 150 7/32
Resistance 2 1684.1 1.2559 99.21 149 20/32
Resistance 1 1675.7 1.2531 97.40 149 9/32
Pivot 1671.0 1.2512 95.90 148 22/32
Support 1 1662.6 1.2484 94.09 148 11/32
Support 2 1657.9 1.2465 92.59 147 24/32
Support 3 1649.5 1.2437 90.78 147 13/32

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

Contract Dec. Corn Sept. Wheat Nov. Beans Sept. Silver
Resistance 3 816.8 889.2 1766.50 3175.5
Resistance 2 813.4 887.3 1755.25 3153.5
Resistance 1 807.1 884.9 1737.00 3118.0
Pivot 803.7 883.1 1725.75 3096.0
Support 1 797.3 880.7 1707.5 3060.5
Support 2 793.9 878.8 1696.25 3038.5
Support 3 787.6 876.4 1678.00 3003.0

 

5. Economic Reports

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

All times are Eastern time Zone (EST)

Date 4:03pm Currency Impact Detail Actual Forecast Previous Graph
Tue

Aug 28
 2:00am EUR
GfK German Consumer Climate
5.8 5.9
4:00am EUR
M3 Money Supply y/y
3.3% 3.2%
4:00am EUR
Private Loans y/y
-0.1% -0.2%
9:00am USD
S&P/CS Composite-20 HPI y/y
-0.3% -0.7%
10:00am USD
CB Consumer Confidence
65.8 65.9
10:00am USD
Richmond Manufacturing Index
-11 -17

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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