Open An Account
Free Demo Account Subscribe Here

Trading Levels and Reports for November 7, 2012

Posted on by Ilan

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,

Fibonacci Price Waves: Precision Method For Pinpointing High Probability Trades
Join us for a Webinar on November 8
Space is limited.
Reserve your Webinar seat now at:
https://www2.gotomeeting.com/register/210613442
Fibonacci Price Waves: Precision Method For  Pinpointing High Probability TradesJoin us as we host Alla from AlphaWaveTrader.com  for a special presentation on the power of Fibonacci and Fibonacci price waves.
The Futures training webinar will take place on Thursday, November 8th  at 3:15 p.m. CST
In this webinar Alla will demonstrate how:
* Every Support and Resistance level in the market is based upon a Fibonacci Level!
* The market moves are based on Fibonacci Price Waves!
* Fibonacci is the only Predictive Tool that accurately identifies Price Moves!
If you are skeptical: bring the instrument of your choice: Futures, Forex or Stocks, Tick, Daily and Range Charts! It doesn’t matter! Wherever there is Price: There Is The Alpha Wave Trader™ Method!She’ll teach you…how she confidently trades Crude Oil (CL) Futures, Nasdaq E-Mini Futures (NQ) and the Russell 2000 E-mini Futures (TF)…with no indicators.In this Special Webinar, let Alla show you:
* The Precision of Fibonacci Price Waves and Fibonacci based Support And Resistance Levels – which are imperative to Trading Success.
* The Importance of knowing Trend Exhaustion Levels for maximizing your profits.
* How to identify Key Trading Areas for high probability entries and when to stay out of the market.
* How to differentiate between the Minor and Major Trends by simply reading Price.
…. and much more!

*** Attendees will receive a link to attend the AlphaWaveTrader trading room FREE for 4 days following the webinar!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: Fibonacci Price Waves: Precision Method For Pinpointing High Probability Trades
Date: Thursday, November 8, 2012
Time: 1:15 PM – 2:00 PM PST
After registering you will receive a confirmation email containing information about joining the Webinar.

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 1451.42 2732.25 13377 837.40 480.13
Resistance 2 1440.33 2712.00 13301 831.50 477.17
Resistance 1 1431.92 2693.75 13237 827.50 474.93
Pivot 1420.83 2673.50 13161 821.60 471.97
Support 1 1412.42 2655.25 13097 817.60 469.73
Support 2 1401.33 2635.00 13021 811.70 466.77
Support 3 1392.92 2616.75 12957 807.70 464.53
Contract Dec Gold Dec. Silver Dec. Crude Oil Dec. Bonds Dec. Euro
Resistance 3 1767.6 3371.8 93.73 149 29/32 1.2911
Resistance 2 1744.3 3299.7 91.47 149 17/32 1.2872
Resistance 1 1730.2 3251.3 89.93 148 27/32 1.2846
Pivot 1706.9 3179.2 87.67 148 15/32 1.2807
Support 1 1692.8 3130.8 86.13 147 25/32 1.2781
Support 2 1669.5 3058.7 83.87 147 13/32 1.2742
Support 3 1655.4 3010.3 82.33 146 23/32 1.2716
Contract Dec. Corn Dec. Wheat Jan. Beans Dec. SoyMeal Dec. bean Oil
Resistance 3 746.8 881.5 1530.50 480.13 49.28
Resistance 2 744.0 879.5 1526.50 477.17 49.06
Resistance 1 742.5 878.3 1521.00 474.93 48.87
Pivot 739.8 876.3 1517.00 471.97 48.65
Support 1 738.3 875.0 1511.5 469.7 48.5
Support 2 735.5 873.0 1507.50 466.77 48.24
Support 3 734.0 871.8 1502.00 464.53 48.05

 

5. Economic Reports

All times are Eastern time Zone (EST)

source:http://www.forexfactory.com/calendar.php

Date 4:08pm Currency Impact Detail Actual Forecast Previous Graph
Wed

Nov 7
  5:00am EUR
Retail Sales m/m
 0.0% 0.1%
6:00am EUR
German Industrial Production m/m
 -0.4% -0.5%
Tentative EUR
Greek Gov Debt Crisis Vote
10:30am USD
Crude Oil Inventories
 1.8M -2.0M
1:00pm USD
10-y Bond Auction
 1.70|3.3
3:00pm USD
Consumer Credit m/m
 10.1B 18.1B

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

RISK DISCLOSURE: Past results are not necessarily indicative of future results. The risk of loss in futures trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.