Trading Levels and Reports for October 19, 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 October 19, 2012

 

Hello Traders,

I was talking to a client of mine about “other markets to trade other than the mini SP” and we were chatting on how the mini SP market has many institutions and large size traders which sometimes make it harder to get filled on limit orders. Not just that, the mini SP500 simply has a different “personality” than most other markets…Don’t get me wrong, I like the mini SP a lot because it CAN handle volume. If you are looking at other markets, than the mini Nasdaq 100 might be another stock index to look at.

 

When it comes to crude oil, I just found out today that BRENT CRUDE which trades on ICE Europe actually has higher volume…..

Just some food for thought and “knowledge sharing”

Chart of BRENT CRUDE OIL ( “north sea crude”  ) below for your review:

 

Intra day Ice Brent Crude Futures

 

If you would like to have a trial of the above charting software visit:

https://www.cannontrading.com/software/transact-at

 

 

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 1470.07 2804.67 13592 847.53 478.93
Resistance 2 1464.78 2787.33 13558 844.57 472.37
Resistance 1 1458.27 2761.67 13522 838.53 467.83
Pivot 1452.98 2744.33 13488 835.57 461.27
Support 1 1446.47 2718.67 13452 829.53 456.73
Support 2 1441.18 2701.33 13418 826.57 450.17
Support 3 1434.67 2675.67 13382 820.53 445.63
Contract Dec Gold Dec. Silver Nov. Crude Oil Dec. Bonds Dec. Euro
Resistance 3 1765.1 3379.2 94.76 148 2/32 1.3195
Resistance 2 1759.2 3355.8 93.67 147 21/32 1.3166
Resistance 1 1750.7 3317.2 92.83 147 1.3121
Pivot 1744.8 3293.8 91.74 146 19/32 1.3092
Support 1 1736.3 3255.2 90.90 145 30/32 1.3047
Support 2 1730.4 3231.8 89.81 145 17/32 1.3018
Support 3 1721.9 3193.2 88.97 144 28/32 1.2973
Contract Dec. Corn Dec. Wheat Nov. Beans Dec. SoyMeal Dec. bean Oil
Resistance 3 775.1 882.3 1572.67 478.93 53.53
Resistance 2 768.4 878.2 1559.83 472.37 52.94
Resistance 1 764.6 873.3 1552.67 467.83 52.62
Pivot 757.9 869.2 1539.83 461.27 52.03
Support 1 754.1 864.3 1532.7 456.7 51.7
Support 2 747.4 860.2 1519.83 450.17 51.12
Support 3 743.6 855.3 1512.67 445.63 50.80

5. Economic Reports

All times are Eastern time Zone (EST)

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

Date 3:55pm Currency Impact Detail Actual Forecast Previous Graph
Fri

Oct 19
 2:00am EUR
German PPI m/m
0.3% 0.5%
4:00am EUR
Current Account
11.3B 9.7B
Day 2 EUR
EU Economic Summit
10:00am USD
Existing Home Sales
4.73M 4.82M

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: Financial Futures   | Future Trading News  

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