Trading Levels and Reports for October 31, 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 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
