Trading Levels and Reports for November 21, 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 Wednesday November 21, 2012
Hello Traders,
If you are an “emini trader” please read the below notice. The short version of the message below is as follows:
Until now, 3:15 PM Central time was the cut off and was considered the end of the day for margin purposes. As of this Sunday, 4:15 PM Central time is considered the end of the day for all purposes including day-trading margins. Please read below and let me know if you have any questions.
Effective this Sunday, November 18 for trade date Monday, November 19, electronic trading hours on CME Globex for equity index futures and options, including the e-mini S&P 500, e-mini Dow ($5), e-mini NASDAQ 100, and other contracts, will be changed to the following:
All Times Listed in Central Time (CT)
* Monday-Friday: 5:00 p.m. the previous day – 4:15 p.m.
* There will be a 15-minute trading halt from 3:15 p.m. – 3:30 p.m.
Please note: For all applicable contracts affected by the new trading session times, any trades done before the 4:15 p.m. end of trading session will be considered same business day trades. Any contract that is held in customer accounts at the 4:15 p.m close will require full exchange margin. Any trades done after the market reopen at 5:00 p.m. will be considered next day’s business. Also, all of these products will now end at 4:15 p.m. on Fridays, as opposed to the previous close time of 3:15 p.m.
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 | 1402.17 | 2627.25 | 12892 | 800.40 | 444.93 |
| Resistance 2 | 1394.83 | 2612.00 | 12833 | 796.70 | 438.07 |
| Resistance 1 | 1388.67 | 2598.50 | 12787 | 793.40 | 433.83 |
| Pivot | 1381.33 | 2583.25 | 12728 | 789.70 | 426.97 |
| Support 1 | 1375.17 | 2569.75 | 12682 | 786.40 | 422.73 |
| Support 2 | 1367.83 | 2554.50 | 12623 | 782.70 | 415.87 |
| Support 3 | 1361.67 | 2541.00 | 12577 | 779.40 | 411.63 |
| Contract | Dec Gold | Dec. Silver | Jan. Crude Oil | Dec. Bonds | Dec. Euro |
| Resistance 3 | 1749.1 | 3370.7 | 91.79 | 152 3/32 | 1.2909 |
| Resistance 2 | 1742.6 | 3348.3 | 90.49 | 151 23/32 | 1.2870 |
| Resistance 1 | 1734.9 | 3330.7 | 88.77 | 151 3/32 | 1.2845 |
| Pivot | 1728.4 | 3308.3 | 87.47 | 150 23/32 | 1.2806 |
| Support 1 | 1720.7 | 3290.7 | 85.75 | 150 3/32 | 1.2781 |
| Support 2 | 1714.2 | 3268.3 | 84.45 | 149 23/32 | 1.2742 |
| Support 3 | 1706.5 | 3250.7 | 82.73 | 149 3/32 | 1.2717 |
| Contract | Dec. Corn | Dec. Wheat | Jan. Beans | Dec. SoyMeal | Dec. bean Oil |
| Resistance 3 | 761.8 | 849.8 | 1454.67 | 444.93 | 49.57 |
| Resistance 2 | 755.9 | 848.7 | 1434.58 | 438.07 | 49.15 |
| Resistance 1 | 751.6 | 846.8 | 1423.67 | 433.83 | 48.91 |
| Pivot | 745.7 | 845.7 | 1403.58 | 426.97 | 48.49 |
| Support 1 | 741.3 | 843.8 | 1392.7 | 422.7 | 48.2 |
| Support 2 | 735.4 | 842.7 | 1372.58 | 415.87 | 47.83 |
| Support 3 | 731.1 | 840.8 | 1361.67 | 411.63 | 47.59 |
5. Economic Reports
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 3:55pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
| Wed
Nov 21
|
Tentative | EUR |
German 10-y Bond Auction
|
1.56|1.5 | |||||
| 8:30am | USD |
Unemployment Claims
|
415K | 439K | |||||
| 9:00am | USD |
Flash Manufacturing PMI
|
51.2 | 51.0 | |||||
| 9:55am | USD |
Revised UoM Consumer Sentiment
|
84.3 | 84.9 | |||||
| 9:55am | USD |
Revised UoM Inflation Expectations
|
3.0% | ||||||
| 10:00am | USD |
CB Leading Index m/m
|
0.2% | 0.6% | |||||
| 10:30am | USD |
Crude Oil Inventories
|
0.8M | 1.1M | |||||
| 12:00pm | USD |
Natural Gas Storage
|
-27B | -18B |
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 tradin
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