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:

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.

5. Economic Reports

All times are Eastern time Zone (EST)

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