Trading Levels and Reports for August 28th 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 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.
Date: Tuesday, August 28, 2012
Time: 1:00 PM – 1:30 AM PDT
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 |
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 | 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
