Trading Levels and Reports for December 11, 2012 - Cannon Trading

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.

Trading Levels and Reports for December 11, 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 December 11, 2012


Hello Traders,

A December Monday with out any economic numbers resulted in a very narrow, low volatility type of trading.


Understanding the environment you are trading in is  a bit factor for day traders.


As far as market outlook, my instinct is that the pressure is up towards the 1429, however I don’t think this set up is worth the risk/ reward.



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.


futures support and resistance trading levels


5. Economic Reports


All times are Eastern time Zone (EST)

Date 4:02pm Currency Impact Detail Actual Forecast Previous Graph

Dec 11
 1:30am EUR
French Final Non-Farm Payrolls q/q
-0.3% -0.3%
2:00am EUR
German WPI m/m
0.4% -0.6%
All Day EUR
Eurogroup Meetings
5:00am EUR
German ZEW Economic Sentiment
-11.4 -15.7
5:00am EUR
ZEW Economic Sentiment
0.1 -2.6
8:30am USD
Trade Balance
-42.7B -41.5B
10:00am USD
IBD/TIPP Economic Optimism
51.6 48.6
10:00am USD
Wholesale Inventories m/m
0.5% 1.1%

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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