Trading Levels and Reports for September 12, 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 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.
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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