Trading Levels and Reports for November 13, 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 Tuesday November 13, 2012
Hello Traders,
We had thin trading on light volume today as banks were closed for Veterans Day.
I suspect both volatility and volume will return to the market tomorrow.
An updated mini Russell 2000 daily chart for your review below:
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 Dec. 2012 | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell | Dollar Index |
| Resistance 3 | 1391.58 | 2620.58 | 12877 | 802.53 | 463.03 |
| Resistance 2 | 1386.67 | 2608.92 | 12843 | 799.57 | 456.37 |
| Resistance 1 | 1382.33 | 2595.33 | 12807 | 795.73 | 444.13 |
| Pivot | 1377.42 | 2583.67 | 12773 | 792.77 | 437.47 |
| Support 1 | 1373.08 | 2570.08 | 12737 | 788.93 | 425.23 |
| Support 2 | 1368.17 | 2558.42 | 12703 | 785.97 | 418.57 |
| Support 3 | 1363.83 | 2544.83 | 12667 | 782.13 | 406.33 |
| Contract | Dec Gold | Dec. Silver | Dec. Crude Oil | Dec. Bonds | Dec. Euro |
| Resistance 3 | 1748.0 | 3325.2 | 87.61 | 152 15/32 | 1.2781 |
| Resistance 2 | 1743.0 | 3299.8 | 87.08 | 152 7/32 | 1.2762 |
| Resistance 1 | 1735.2 | 3268.2 | 86.34 | 151 30/32 | 1.2739 |
| Pivot | 1730.2 | 3242.8 | 85.81 | 151 22/32 | 1.2720 |
| Support 1 | 1722.4 | 3211.2 | 85.07 | 151 13/32 | 1.2697 |
| Support 2 | 1717.4 | 3185.8 | 84.54 | 151 5/32 | 1.2678 |
| Support 3 | 1709.6 | 3154.2 | 83.80 | 150 28/32 | 1.2655 |
| Contract | Dec. Corn | Dec. Wheat | Jan. Beans | Dec. SoyMeal | Dec. bean Oil |
| Resistance 3 | 744.7 | 860.0 | 1428.67 | 463.03 | 48.21 |
| Resistance 2 | 737.3 | 859.3 | 1423.33 | 456.37 | 47.87 |
| Resistance 1 | 727.7 | 858.5 | 1414.17 | 444.13 | 47.63 |
| Pivot | 720.3 | 857.8 | 1408.83 | 437.47 | 47.29 |
| Support 1 | 710.7 | 857.0 | 1399.7 | 425.2 | 47.1 |
| Support 2 | 703.3 | 856.3 | 1394.33 | 418.57 | 46.71 |
| Support 3 | 693.7 | 855.5 | 1385.17 | 406.33 | 46.47 |
5. Economic Reports
All times are Eastern time Zone (EST)
source:http://www.forexfactory.com/calendar.php
| Date | 3:53pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
| Tue
Nov 13
|
2:45am | EUR |
French Prelim Non-Farm Payrolls q/q
|
-0.2% | -0.1% | ||||
| All Day | EUR |
ECOFIN Meetings
|
|||||||
| 5:00am | EUR |
German ZEW Economic Sentiment
|
-9.9 | -11.5 | |||||
| 5:00am | EUR |
ZEW Economic Sentiment
|
0.2 | -1.4 | |||||
| 10:00am | USD |
IBD/TIPP Economic Optimism
|
53.8 | 54.0 | |||||
| 2:00pm | USD |
Federal Budget Balance
|
-113.5B | 75.0B |
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
