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Trading Levels and Reports for October 16, 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 Tuesday October 16, 2012

 

Hello Traders,

An Elliott Wave Pattern that Signals the Start of Opportunity
The size of the wave will surprise most everyone
By Elliott Wave International

On Monday Oct. 8 I sat down with Elliott Wave International’s chief commodity analyst and Futures Junctures Service editor Jeffrey Kennedy to discuss his favorite wave pattern of all: the Elliott wave diagonal. Reason being: On the “hand” of opportunity, the diagonal lands not at the wrist, the palm, or even the knuckles; but at the fingertips! Read more.

 

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 1454.73 2774.33 13498 840.70 473.10
Resistance 2 1445.62 2755.67 13432 833.60 469.10
Resistance 1 1440.43 2743.83 13393 830.00 462.60
Pivot 1431.32 2725.17 13327 822.90 458.60
Support 1 1426.13 2713.33 13288 819.30 452.10
Support 2 1417.02 2694.67 13222 812.20 448.10
Support 3 1411.83 2682.83 13183 808.60 441.60
Contract Dec Gold Dec. Silver Nov. Crude Oil Dec. Bonds Dec. Euro
Resistance 3 1778.7 3418.0 95.08 150 17/32 1.3090
Resistance 2 1767.1 3382.5 93.64 150 5/32 1.3039
Resistance 1 1752.9 3328.0 92.67 149 24/32 1.3001
Pivot 1741.3 3292.5 91.23 149 12/32 1.2950
Support 1 1727.1 3238.0 90.26 148 31/32 1.2912
Support 2 1715.5 3202.5 88.82 148 19/32 1.2861
Support 3 1701.3 3148.0 87.85 148 6/32 1.2823
Contract Dec. Corn Dec. Wheat Nov. Beans Dec. SoyMeal Dec. bean Oil
Resistance 3 755.4 859.2 1509.50 473.10 50.66
Resistance 2 750.1 855.6 1503.50 469.10 50.38
Resistance 1 743.7 851.9 1498.00 462.60 50.20
Pivot 738.3 848.3 1492.00 458.60 49.92
Support 1 731.9 844.7 1486.5 452.1 49.7
Support 2 726.6 841.1 1480.50 448.10 49.46

5. Economic Reports

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

All times are Eastern time Zone (EST)

Date 3:28pm Currency Impact Detail Actual Forecast Previous Graph
Tue

Oct 16
4:00am EUR
Italian Trade Balance
2.57B 4.49B
5:00am EUR
German ZEW Economic Sentiment
-14.6 -18.2
5:00am EUR
CPI y/y
2.7% 2.7%
5:00am EUR
Core CPI y/y
1.6% 1.5%
5:00am EUR
ZEW Economic Sentiment
-1.1 -3.8
5:00am EUR
Trade Balance
8.4B 7.9B
8:30am USD
Core CPI m/m
0.2% 0.1%
8:30am USD
CPI m/m
0.4% 0.6%
9:00am USD
TIC Long-Term Purchases
45.3B 67.0B
9:15am USD
Capacity Utilization Rate
78.4% 78.2%
9:15am USD
Industrial Production m/m
0.2% -1.2%
10:00am USD
NAHB Housing Market Index
41 40

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  

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