Trading Levels and Reports for November 13, 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 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:

mini Russell TF_nov122012

 

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

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