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 Friday November 30, 2012
Hello Traders,
If you are trading metals (gold, silver), financials (ten years, bonds etc.) or grains (wheat, corn, beans etc.), please keep in mind that the December contract is going into DELIVERY and you must be out of December and start trading the March contract (for most markets)
Please contact me with any questions.
This DOES NOT apply to stock indices ( mini SP 500, mini Russell etc.) or currencies which still have a couple of weeks and I will send a separate update.
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 | 1434.67 | 2721.00 | 13142 | 839.10 | 445.33 |
| Resistance 2 | 1426.58 | 2704.75 | 13093 | 831.80 | 441.87 |
| Resistance 1 | 1420.67 | 2692.25 | 13052 | 826.90 | 438.83 |
| Pivot | 1412.58 | 2676.00 | 13003 | 819.60 | 435.37 |
| Support 1 | 1406.67 | 2663.50 | 12962 | 814.70 | 432.33 |
| Support 2 | 1398.58 | 2647.25 | 12913 | 807.40 | 428.87 |
| Support 3 | 1392.67 | 2634.75 | 12872 | 802.50 | 425.83 |
| Contract | Feb. Gold | March Silver | Jan. Crude Oil | March Bonds | Dec. Euro |
| Resistance 3 | 1743.8 | 3555.3 | 90.96 | 151 | 1.3091 |
| Resistance 2 | 1737.5 | 3502.2 | 89.83 | 150 19/32 | 1.3054 |
| Resistance 1 | 1732.7 | 3467.3 | 88.82 | 150 9/32 | 1.3015 |
| Pivot | 1726.4 | 3414.2 | 87.69 | 149 28/32 | 1.2978 |
| Support 1 | 1721.6 | 3379.3 | 86.68 | 149 18/32 | 1.2939 |
| Support 2 | 1715.3 | 3326.2 | 85.55 | 149 5/32 | 1.2902 |
| Support 3 | 1710.5 | 3291.3 | 84.54 | 148 27/32 | 1.2863 |
| Contract | March Corn | March Wheat | Jan. Beans | Jan. SoyMeal | Jan. bean Oil |
| Resistance 3 | 771.3 | 897.1 | 1474.50 | 445.33 | 51.02 |
| Resistance 2 | 767.8 | 894.2 | 1467.00 | 441.87 | 50.83 |
| Resistance 1 | 763.3 | 889.8 | 1457.50 | 438.83 | 50.47 |
| Pivot | 759.8 | 886.9 | 1450.00 | 435.37 | 50.28 |
| Support 1 | 755.3 | 882.6 | 1440.5 | 432.3 | 49.9 |
| Support 2 | 751.8 | 879.7 | 1433.00 | 428.87 | 49.73 |
| Support 3 | 747.3 | 875.3 | 1423.50 | 425.83 | 49.37 |
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 | |
| Fri
Nov 30
|
2:00am | EUR |
German Retail Sales m/m
|
-0.3% | 0.8% | ||||
| 2:45am | EUR |
French Consumer Spending m/m
|
-0.1% | 0.1% | |||||
| 3:00am | EUR |
ECB President Draghi Speaks
|
|||||||
| 4:00am | EUR |
Italian Monthly Unemployment Rate
|
10.9% | 10.8% | |||||
| 4:00am | EUR |
Italian Quarterly Unemployment Rate
|
10.6% | 10.6% | |||||
| 5:00am | EUR |
CPI Flash Estimate y/y
|
2.4% | 2.5% | |||||
| 5:00am | EUR |
Unemployment Rate
|
11.7% | 11.6% | |||||
| 5:00am | EUR |
Italian Prelim CPI m/m
|
0.0% | 0.0% | |||||
| 8:30am | USD |
Core PCE Price Index m/m
|
0.2% | 0.1% | |||||
| 8:30am | USD |
Personal Spending m/m
|
0.1% | 0.8% | |||||
| 8:30am | USD |
Personal Income m/m
|
0.2% | 0.4% | |||||
| 9:45am | USD |
Chicago PMI
|
50.7 | 49.9 | |||||
| 5:00pm | USD |
FOMC Member Stein Speaks
|
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