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Trading Levels and Reports for November 30, 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 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

Tags: > > > > > > > > Posted in: Future Trading News   | Index Futures  

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