Trading Levels and Reports for October 2, 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 Tuesday October 2, 2012
Hello Traders,
Reading Supply & Demand: What is the Smart Money Doing?
Join us for a Webinar on October 2
Space is limited.
Reserve your Webinar seat now at:
https://www2.gotomeeting.com/register/578793218
Join us for a trading webinar with my colleague Thomas DeLello over at OrderFlowEdge.com who has traded Futures for the past 16 years.
The Futures training webinar will take place on
Tuesday, October 2nd at 3:15 p.m. CST where Thomas will demonstrate
exactly how he uses ‘Order Flow’ and specific trading ‘Zones’ to
identify where the Smart and Big Money is moving in the market.
During his training webinar, you will discover:
– How he uses the Supply and Demand imbalance to create his
market map. (Don’t know what ‘Supply and Demand imbalance’ is yet?
Don’t worry, you will by the end of this training webinar!)
– How to ‘read’ the Supply and Demand Zones to know where the
reaction is expected to occur to ‘correct’ the imbalance in the market.
– How to leverage where the Smart and Big Money is for possible better trade set ups
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: | Reading Supply & Demand: What is the Smart Money Doing? |
| Date: | Tuesday, October 2, 2012 |
| Time: | 1:15 PM – 2:00 PM PDT |
Be patient and stay disciplined.
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 | 1463.57 | 2855.67 | 13605 | 859.17 | 495.83 |
| Resistance 2 | 1457.38 | 2839.33 | 13565 | 852.23 | 491.37 |
| Resistance 1 | 1447.07 | 2811.67 | 13500 | 844.37 | 482.93 |
| Pivot | 1440.88 | 2795.33 | 13460 | 837.43 | 478.47 |
| Support 1 | 1430.57 | 2767.67 | 13395 | 829.57 | 470.03 |
| Support 2 | 1424.38 | 2751.33 | 13355 | 822.63 | 465.57 |
| Support 3 | 1414.07 | 2723.67 | 13290 | 814.77 | 457.13 |
| Contract | Dec Gold | Dec. Silver | Nov. Crude Oil | Dec. Bonds | Dec. Euro |
| Resistance 3 | 1820.5 | 3659.5 | 95.40 | 150 30/32 | 1.3097 |
| Resistance 2 | 1807.5 | 3602.0 | 94.36 | 150 14/32 | 1.3024 |
| Resistance 1 | 1791.8 | 3536.0 | 93.33 | 150 4/32 | 1.2960 |
| Pivot | 1778.8 | 3478.5 | 92.29 | 149 20/32 | 1.2887 |
| Support 1 | 1763.1 | 3412.5 | 91.26 | 149 10/32 | 1.2823 |
| Support 2 | 1750.1 | 3355.0 | 90.22 | 148 26/32 | 1.2750 |
| Support 3 | 1734.4 | 3289.0 | 89.19 | 148 16/32 | 1.2686 |
| Contract | Dec. Corn | Dec. Wheat | Nov. Beans | Dec. SoyMeal | Dec. bean Oil |
| Resistance 3 | 775.0 | 910.1 | 1606.83 | 495.83 | 52.28 |
| Resistance 2 | 769.3 | 900.9 | 1597.42 | 491.37 | 52.02 |
| Resistance 1 | 763.0 | 892.6 | 1578.83 | 482.93 | 51.61 |
| Pivot | 757.3 | 883.4 | 1569.42 | 478.47 | 51.35 |
| Support 1 | 751.0 | 875.1 | 1550.8 | 470.0 | 50.9 |
| Support 2 | 745.3 | 865.9 | 1541.42 | 465.57 | 50.68 |
| Support 3 | 739.0 | 857.6 | 1522.83 | 457.13 | 50.27 |
5. Economic Reports
All times are Eastern time Zone (EST)
source:http://www.forexfactory.com/calendar.php
| Date | 3:25pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
| Tue
Oct 2
|
3:00am | EUR |
Spanish Unemployment Change
|
38.2K | |||||
| 5:00am | EUR |
PPI m/m
|
0.6% | 0.4% | |||||
| All Day | USD |
Total Vehicle Sales
|
14.4M | 14.5M |
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
