Trading Levels and Reports for October 11, 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 October 11, 2012
Hello Traders,
Some mistakes newcomers and experienced day traders make (TRY TO AVOID…)
1. Over leveraging in day-trading
2. Inability to accept losses
3. Averaging down or up
4. Impatience
5.NOT using stops
6. NOT establishing daily profit target
I have quite a bit more in mind and will share in up coming emails with some details and examples.
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 | 1446.00 | 2763.67 | 13484 | 833.03 | 479.83 |
| Resistance 2 | 1441.65 | 2753.33 | 13440 | 830.47 | 475.27 |
| Resistance 1 | 1433.70 | 2736.67 | 13350 | 826.43 | 468.93 |
| Pivot | 1429.35 | 2726.33 | 13306 | 823.87 | 464.37 |
| Support 1 | 1421.40 | 2709.67 | 13216 | 819.83 | 458.03 |
| Support 2 | 1417.05 | 2699.33 | 13172 | 817.27 | 453.47 |
| Support 3 | 1409.10 | 2682.67 | 13082 | 813.23 | 447.13 |
| Contract | Dec Gold | Dec. Silver | Nov. Crude Oil | Dec. Bonds | Dec. Euro |
| Resistance 3 | 1782.2 | 3471.3 | 95.71 | 150 26/32 | 1.3015 |
| Resistance 2 | 1776.1 | 3445.2 | 94.69 | 149 27/32 | 1.2968 |
| Resistance 1 | 1770.7 | 3426.8 | 93.07 | 149 12/32 | 1.2937 |
| Pivot | 1764.6 | 3400.7 | 92.05 | 148 13/32 | 1.2890 |
| Support 1 | 1759.2 | 3382.3 | 90.43 | 147 30/32 | 1.2859 |
| Support 2 | 1753.1 | 3356.2 | 89.41 | 146 31/32 | 1.2812 |
| Support 3 | 1747.7 | 3337.8 | 87.79 | 146 16/32 | 1.2781 |
| Contract | Dec. Corn | Dec. Wheat | Nov. Beans | Dec. SoyMeal | Dec. bean Oil |
| Resistance 3 | 749.9 | 874.2 | 1556.83 | 479.83 | 51.57 |
| Resistance 2 | 746.1 | 872.6 | 1548.42 | 475.27 | 51.37 |
| Resistance 1 | 741.4 | 871.2 | 1535.83 | 468.93 | 51.00 |
| Pivot | 737.6 | 869.6 | 1527.42 | 464.37 | 50.80 |
| Support 1 | 732.9 | 868.2 | 1514.8 | 458.0 | 50.4 |
| Support 2 | 729.1 | 866.6 | 1506.42 | 453.47 | 50.23 |
| Support 3 | 724.4 | 865.2 | 1493.83 | 447.13 | 49.86 |
5. Economic Reports
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 3:58pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
| Thu
Oct 11
|
2:00am | EUR |
German Final CPI m/m
|
0.0% | 0.0% | ||||
| 2:45am | EUR |
French CPI m/m
|
0.1% | 0.7% | |||||
| 3:30am | USD |
FOMC Member Yellen Speaks
|
|||||||
| 4:00am | EUR |
ECB Monthly Bulletin
|
|||||||
| 8:30am | USD |
Trade Balance
|
-44.1B | -42.0B | |||||
| 8:30am | USD |
Unemployment Claims
|
368K | 367K | |||||
| 8:30am | USD |
Import Prices m/m
|
0.7% | 0.7% | |||||
| 10:00am | USD |
FOMC Member Stein Speaks
|
|||||||
| 10:30am | USD |
Natural Gas Storage
|
79B | 77B | |||||
| 11:00am | USD |
Crude Oil Inventories
|
1.3M | -0.5M | |||||
| 1:00pm | USD |
30-y Bond Auction
|
2.90|2.7 | ||||||
| Day 1 | ALL |
IMF Meetings
|
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
