Trading Levels and Reports for November 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 Tuesday November 20, 2012
Hello Traders,
Divergence; A trading tool you can begin using immediately in your own trading
| Join us for a Webinar on November 20 |
Space is limited.
Reserve your Webinar seat now at:
https://www2.gotomeeting.com/register/616488538
The terms ‘divergence’ and ‘convergence’ have been around in the trading sphere for years, but do you know how to properly read these indicators and more importantly, can they help you make better trading decisions?
Join Greg Weitzman founder and president of TheTradingZone as he dissects and reveals how to effectively use divergence in your own trading. For every indicator there is a right way and a wrong way to use them, and ways to help improve their reliability.
This is a one hour free educational webinar, you will leave with tools and setups you can start using immediately in your own trading.
Register early as Greg is known to draw a crowd and space is limited
As a bonus, all attendees will also get
1. a 30 day demo account from Cannon Trading with our live, advanced charting package that Greg will be using during the webinar
2. a 7 day pass to the Live Trading Room
SEATS ARE LIMITED, SO DON’T MISS THIS SPECIAL FREE WEBINAR!
Risk: 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.
| Title: | Divergence, A trading tool you can begin using immediately in your own trading |
| Date: | Tuesday, November 20, 2012 |
| Time: | 1:30 PM – 2:30 PM PST |
After registering you will receive a confirmation email containing information about joining the Webinar.
System Requirements
PC-based attendees
Required: Windows® 7, Vista, XP or 2003 Server
Mac®-based attendees
Required: Mac OS® X 10.5 or newer
Mobile attendees
Required: iPhone®, iPad®, Android™ phone or Android tablet
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 | 1414.58 | 2672.58 | 12897 | 812.27 | 436.03 |
| Resistance 2 | 1399.17 | 2633.42 | 12823 | 801.73 | 433.27 |
| Resistance 1 | 1391.08 | 2612.83 | 12787 | 796.17 | 428.93 |
| Pivot | 1375.67 | 2573.67 | 12713 | 785.63 | 426.17 |
| Support 1 | 1367.58 | 2553.08 | 12677 | 780.07 | 421.83 |
| Support 2 | 1352.17 | 2513.92 | 12603 | 769.53 | 419.07 |
| Support 3 | 1344.08 | 2493.33 | 12567 | 763.97 | 414.73 |
| Contract | Dec Gold | Dec. Silver | Jan. Crude Oil | Dec. Bonds | Dec. Euro |
| Resistance 3 | 1762.9 | 3439.5 | 92.95 | 152 4/32 | 1.2924 |
| Resistance 2 | 1749.2 | 3380.5 | 91.37 | 151 27/32 | 1.2874 |
| Resistance 1 | 1740.8 | 3346.5 | 90.26 | 151 21/32 | 1.2843 |
| Pivot | 1727.1 | 3287.5 | 88.68 | 151 12/32 | 1.2793 |
| Support 1 | 1718.7 | 3253.5 | 87.57 | 151 6/32 | 1.2762 |
| Support 2 | 1705.0 | 3194.5 | 85.99 | 150 29/32 | 1.2712 |
| Support 3 | 1696.6 | 3160.5 | 84.88 | 150 23/32 | 1.2681 |
| Contract | Dec. Corn | Dec. Wheat | Jan. Beans | Dec. SoyMeal | Dec. bean Oil |
| Resistance 3 | 756.1 | 844.0 | 1410.50 | 436.03 | 48.81 |
| Resistance 2 | 750.2 | 843.3 | 1406.25 | 433.27 | 48.61 |
| Resistance 1 | 746.3 | 842.5 | 1400.50 | 428.93 | 48.41 |
| Pivot | 740.4 | 841.8 | 1396.25 | 426.17 | 48.21 |
| Support 1 | 736.6 | 841.0 | 1390.5 | 421.8 | 48.0 |
| Support 2 | 730.7 | 840.3 | 1386.25 | 419.07 | 47.81 |
| Support 3 | 726.8 | 839.5 | 1380.50 | 414.73 | 47.61 |
5. Economic Reports
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 3:56pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
| Mon
Nov 19
|
3:30am | EUR |
German Buba President Weidmann Speaks
|
||||||
| 10:00am | USD |
Existing Home Sales
|
4.79M | 4.76M | 4.69M | ||||
| 10:00am | USD |
NAHB Housing Market Index
|
46 | 41 | 41 |
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
