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Support & Resistance Levels

This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.

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 September 6, 2012

 

Hello Traders,

Big jump today for stock index futures. Tomorrow we have monthly un employment which is defintely a market mover report.

Should be interesting. I have immediate resistance at 1442 and first major support at 1411. It is a wide range between.

Be patient and trade well!

Daily mini SP 500 chart for your review below:

 

es daily chart

 

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.

Contract Sept. 2012 SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell Dollar Index
Resistance 3 1457.50 2890.50 13468 862.60 81.80
Resistance 2 1444.25 2860.00 13375 851.00 81.63
Resistance 1 1437.50 2843.00 13322 844.00 81.35
Pivot 1424.25 2812.50 13229 832.40 81.18
Support 1 1417.50 2795.50 13176 825.40 80.90
Support 2 1404.25 2765.00 13083 813.80 80.73
Support 3 1397.50 2748.00 13030 806.80 80.45
Contract Dec Gold Sept. Euro Oct. Crude Oil Dec. Bonds
Resistance 3 1738.9 1.2766 99.78 151 1/32
Resistance 2 1727.9 1.2710 98.74 150 20/32
Resistance 1 1715.7 1.2674 96.78 150
Pivot 1704.7 1.2618 95.74 149 19/32
Support 1 1692.5 1.2582 93.78 148 31/32
Support 2 1681.5 1.2526 92.74 148 18/32
Support 3 1669.3 1.2490 90.78 147 30/32
Contract Dec. Corn Dec. Wheat Nov. Beans Dec. Silver
Resistance 3 817.2 914.8 1770.33 3389.3
Resistance 2 809.3 903.3 1761.67 3346.7
Resistance 1 803.9 897.5 1754.33 3309.8
Pivot 796.1 886.0 1745.67 3267.2
Support 1 790.7 880.3 1738.3 3230.3
Support 2 782.8 868.8 1729.67 3187.7
Support 3 777.4 863.0 1722.33 3150.8


5. Economic Reports

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

All times are Eastern time Zone (EST)

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

Sep 7
 2:00am EUR
German Trade Balance
15.5B 16.2B
2:45am EUR
French Gov Budget Balance
-56.7B
2:45am EUR
French Trade Balance
-5.7B -6.0B
6:00am EUR
German Industrial Production m/m
0.1% -0.9%
8:30am USD
Non-Farm Employment Change
123K 163K
8:30am USD
Unemployment Rate
8.3% 8.3%
8:30am USD
Average Hourly Earnings m/m
0.2% 0.1%

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

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