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 Wednesday December 5, 2012
The market that caught my eyes today was actually gold. Down over $20.
Daily chart of February Gold for your review below. While I think we will see some bounces and moves both ways, the medium target for gold will be 1676 and 1648. If the market manages to close above 1740 the bullish tone will return.
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5. Economic Reports
Spanish Services PMI
Italian Services PMI
Final Services PMI
Retail Sales m/m
Spanish 10-y Bond Auction
ADP Non-Farm Employment Change
Revised Nonfarm Productivity q/q
Revised Unit Labor Costs q/q
ISM Non-Manufacturing PMI
Factory Orders m/m
Crude Oil Inventories
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