Trading Levels and Reports for December 20, 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 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.
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.
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
