Trading Levels and Reports for September 12, 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 September 12, 2012

 

Hello Traders,

Floor Opens at 7:20 a.m. CT for CBOT Grains and Oilseeds
Wednesday, September 12, 2012

Floor trading for CBOT Grain and Oilseed futures and options will open at 7:20 a.m. CT on Wednesday, September 12 due to the release of two major USDA reports: Crop Production and World Agricultural Supply and Demand Estimates

 

Electronic grains will be open before and during the reports which come out at 7:30 Am central time.

 

Gold started moving a couple of weeks ago, so I thought sharing of the weekly chart is appropriate.
gold futures weekly chart

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 Sept. 2012 SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell Dollar Index
Resistance 3 1445.00 2817.33 13447 857.47 80.82
Resistance 2 1441.10 2808.67 13398 851.53 80.60
Resistance 1 1437.30 2797.83 13362 846.17 80.22
Pivot 1433.40 2789.17 13313 840.23 79.99
Support 1 1429.60 2778.33 13277 834.87 79.61
Support 2 1425.70 2769.67 13228 828.93 79.39
Support 3 1421.90 2758.83 13192 823.57 79.01
Contract Dec Gold Sept. Euro Oct. Crude Oil Dec. Bonds
Resistance 3 1753.4 1.3015 98.73 149 24/32
Resistance 2 1746.9 1.2943 98.02 149 15/32
Resistance 1 1740.9 1.2901 97.50 149 4/32
Pivot 1734.4 1.2829 96.79 148 27/32
Support 1 1728.4 1.2787 96.27 148 16/32
Support 2 1721.9 1.2715 95.56 148 7/32
Support 3 1715.9 1.2673 95.04 147 28/32
Contract Dec. Corn Dec. Wheat Nov. Beans Dec. Silver
Resistance 3 795.5 906.0 1726.67 3427.8
Resistance 2 791.3 901.3 1720.83 3407.7
Resistance 1 784.5 892.5 1711.17 3378.3
Pivot 780.3 887.8 1705.33 3358.2
Support 1 773.5 879.0 1695.7 3328.8
Support 2 769.3 874.3 1689.83 3308.7
Support 3 762.5 865.5 1680.17 3279.3


5. Economic Reports

All times are Eastern time Zone (EST)

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

Date 3:36pm Currency Impact Detail Actual Forecast Previous Graph
Tue

Sep 11
1:30am EUR
French Final Non-Farm Payrolls q/q
-0.1% -0.1% -0.1%
2:00am EUR
German WPI m/m
1.1% 0.3% 0.3%
8:30am USD
Trade Balance
-42.0B -44.2B -41.9B
10:00am USD
IBD/TIPP Economic Optimism
51.8 47.3 45.6

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 tradin

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