Trading Levels and Reports for December 20, 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 Thursday December 20, 2012

 

Hello Traders,

Action today on the SP500 is somewhat bearish to me. Good volume (especially for pre holiday trading), we made fresh high (recent highs) and turned around to close at the lows. To me that shows that there is good selling interest at the 1444 area and possible move down to 1412.

Great resource was just added to our website!
An interactive trading calendar, which includes reports, economic numbers, last trading days, option expiration and much more!
Bookmark this page and use it!

Happy Holidays!

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.

 

trading levels

 

 

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
Thu

Dec 20
 2:00am EUR
German PPI m/m
-0.1% 0.0%
4:00am EUR
Italian Retail Sales m/m
0.0% 0.1%
8:30am USD
Unemployment Claims
358K 343K
8:30am USD
Final GDP q/q
2.8% 2.7%
8:30am USD
Final GDP Price Index q/q
2.7% 2.7%
9:00am EUR
Belgium NBB Business Climate
-13.1 -13.4
10:00am EUR
Consumer Confidence
-26 -27
10:00am USD
Existing Home Sales
4.88M 4.79M
10:00am USD
Philly Fed Manufacturing Index
-2.2 -10.7
10:00am USD
CB Leading Index m/m
-0.2% 0.2%
10:00am USD
HPI m/m
0.2% 0.2%
10:30am USD
Natural Gas Storage
-73B 2B

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   | Futures Trading  

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