Trading Levels and Reports for November 6, 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 Thursday November 1, 2012
Hello Traders,
Moving Averages and the Wave Principle
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By Elliott Wave International
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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 | 1430.67 | 2720.50 | 13201 | 830.77 | 483.80 |
| Resistance 2 | 1423.08 | 2697.00 | 13138 | 824.43 | 480.60 |
| Resistance 1 | 1417.67 | 2681.75 | 13104 | 820.57 | 474.80 |
| Pivot | 1410.08 | 2658.25 | 13041 | 814.23 | 471.60 |
| Support 1 | 1404.67 | 2643.00 | 13007 | 810.37 | 465.80 |
| Support 2 | 1397.08 | 2619.50 | 12944 | 804.03 | 462.60 |
| Support 3 | 1391.67 | 2604.25 | 12910 | 800.17 | 456.80 |
| Contract | Dec Gold | Dec. Silver | Dec. Crude Oil | Dec. Bonds | Dec. Euro |
| Resistance 3 | 1703.2 | 3199.3 | 87.85 | 150 21/32 | 1.2911 |
| Resistance 2 | 1694.7 | 3162.2 | 86.87 | 150 2/32 | 1.2879 |
| Resistance 1 | 1689.5 | 3139.8 | 86.31 | 149 20/32 | 1.2836 |
| Pivot | 1681.0 | 3102.7 | 85.33 | 149 1/32 | 1.2804 |
| Support 1 | 1675.8 | 3080.3 | 84.77 | 148 19/32 | 1.2761 |
| Support 2 | 1667.3 | 3043.2 | 83.79 | 148 | 1.2729 |
| Support 3 | 1662.1 | 3020.8 | 83.23 | 147 18/32 | 1.2686 |
| Contract | Dec. Corn | Dec. Wheat | Jan. Beans | Dec. SoyMeal | Dec. bean Oil |
| Resistance 3 | 753.1 | 879.1 | 1537.83 | 483.80 | 49.38 |
| Resistance 2 | 748.7 | 876.2 | 1530.42 | 480.60 | 49.14 |
| Resistance 1 | 742.1 | 871.1 | 1516.83 | 474.80 | 48.73 |
| Pivot | 737.7 | 868.2 | 1509.42 | 471.60 | 48.49 |
| Support 1 | 731.1 | 863.1 | 1495.8 | 465.8 | 48.1 |
| Support 2 | 726.7 | 860.2 | 1488.42 | 462.60 | 47.84 |
| Support 3 | 720.1 | 855.1 | 1474.83 | 456.80 | 47.43 |
5. Economic Reports
All times are Eastern time Zone (EST)
source:http://www.forexfactory.com/calendar.php
| Date | 3:30pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
| Tue
Nov 6
|
3:15am | EUR |
Spanish Services PMI
|
40.2 | |||||
| 3:45am | EUR |
Italian Services PMI
|
44.5 | ||||||
| 4:00am | EUR |
Final Services PMI
|
46.2 | 46.2 | |||||
| 5:00am | EUR |
PPI m/m
|
0.3% | 0.9% | |||||
| 6:00am | EUR |
German Factory Orders m/m
|
-0.3% | -1.3% | |||||
| All Day | USD |
Presidential Election
|
|||||||
| All Day | USD |
Congressional Elections
|
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
