Trading Levels and Reports for October 31, 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 Wednesday October 30, 2012

 

Hello Traders,

Looks like we should finally resume normal trading starting this evening and into tomorrow’s trading session:

CME Group will reopen its U.S. equity index futures and options on futures markets today at 5:00 p.m. CT and resume normal trading hours on the trading floor and CME Globex venues tomorrow. CME Group’s interest rate complex reopened for electronic trading on Monday evening, October 29, and has since resumed trading on the floor and electronically, observing regular trading hours. With the reopen of our equity complex, all CME Group electronic markets will be open during normal trading hours this evening and tomorrow, Wednesday, October 31, 2012.

In addition, we will open the New York trading floor contingent upon New York City lifting the evacuation order for Zone A, which includes CME Group’s NYMEX World Headquarters and the New York trading floor. All New York floor-traded products remain available on CME ClearPort as well as CME Globex during their regular market hours.

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 1434.75 2703.00 13054 821.33 492.77
Resistance 2 1423.50 2681.00 13054 814.97 487.73
Resistance 1 1415.50 2670.00 13054 811.73 481.87
Pivot 1404.25 2648.00 13054 805.37 476.83
Support 1 1396.25 2637.00 13054 802.13 470.97
Support 2 1385.00 2615.00 13054 795.77 465.93
Support 3 1377.00 2604.00 13054 792.53 460.07
Contract Dec Gold Dec. Silver Dec. Crude Oil Dec. Bonds Dec. Euro
Resistance 3 1726.2 3249.0 87.34 149  6/32 1.3105
Resistance 2 1721.0 3232.0 86.79 149 1.3047
Resistance 1 1715.7 3206.0 86.20 148 24/32 1.3007
Pivot 1710.5 3189.0 85.65 148 18/32 1.2949
Support 1 1705.2 3163.0 85.06 148 10/32 1.2909
Support 2 1700.0 3146.0 84.51 148  4/32 1.2851
Support 3 1694.7 3120.0 83.92 147 28/32 1.2811
Contract Dec. Corn Dec. Wheat Jan. Beans Dec. SoyMeal Dec. bean Oil
Resistance 3 748.3 873.0 1556.17 492.77 50.84
Resistance 2 745.9 868.8 1551.58 487.73 50.67
Resistance 1 743.8 862.8 1542.67 481.87 50.41
Pivot 741.4 858.5 1538.08 476.83 50.24
Support 1 739.3 852.5 1529.2 471.0 50.0
Support 2 736.9 848.3 1524.58 465.93 49.81
Support 3 734.8 842.3 1515.67 460.07 49.55

 


5. Economic Reports

All times are Eastern time Zone (EST)

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

Date 4:11pm Currency Impact Detail Actual Forecast Previous Graph
Wed

Oct 31
 3:00am EUR
German Retail Sales m/m
0.4% 0.1%
3:45am EUR
French Consumer Spending m/m
0.2% 0.4%
5:00am EUR
Italian Monthly Unemployment Rate
10.8% 10.7%
All Day EUR
Eurogroup Meetings
6:00am EUR
CPI Flash Estimate y/y
2.5% 2.6%
6:00am EUR
Unemployment Rate
11.4% 11.4%
Tentative EUR
French 10-y Bond Auction
2.28|2.2
6:00am EUR
Italian Prelim CPI m/m
0.2% 0.0%
Tentative EUR
German 30-y Bond Auction
2.17|1.5
8:30am USD
Employment Cost Index q/q
0.5% 0.5%
9:45am USD
Chicago PMI
51.0 49.7
10:30am USD
Crude Oil Inventories
1.6M 5.9M

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  

Comments are closed.

Download Cannon’s new eBook, “Futures Forthright” instantly.


Quick Tip: After registering you will be emailed login information, so be sure to use an email address you have access to. If you need assistance please call us at 1-800-454-9572, a professional broker will help you through the registration process.
________
Doing Business With
See more...
Loading
Loading

Loading