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Support & Resistance Levels

This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.

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 Thursday September 13, 2012

 

Hello Traders,

Rollover Notice for Stock Index Futures

Important notice: For those of you trading any stock index futures contracts, i.e., the E-mini S&P, E-mini NASDAQ, E-mini Dow Jones, the “Big” pit-traded S&P 500, etc., it is extremely important to remember that tomorrow, Thursday, September 13th, is rollover day.

Starting September 13th, the December 2012 futures contracts will be the front month contracts. It is recommended that all new positions be placed in the December 2012 contract as of September. Volume in the September 12 contracts will begin to drop off until its expiration on Friday September 21st.

The month code for December is Z2.

Traders with electronic trading software should make sure that defaults reflect the proper contract as of Thursday morning.

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 1448.37 2830.00 13425 856.77 80.46
Resistance 2 1443.93 2815.00 13397 851.73 80.23
Resistance 1 1441.47 2805.00 13375 848.97 79.97
Pivot 1437.03 2790.00 13347 843.93 79.74
Support 1 1434.57 2780.00 13325 841.17 79.48
Support 2 1430.13 2765.00 13297 836.13 79.25
Support 3 1427.67 2755.00 13275 833.37 78.99
Contract Dec Gold Sept. Euro Oct. Crude Oil Dec. Bonds
Resistance 3 1769.2 1.3072 99.57 148 26/32
Resistance 2 1759.4 1.3005 98.81 148 14/32
Resistance 1 1747.0 1.2949 97.82 148 1/32
Pivot 1737.2 1.2882 97.06 147 21/32
Support 1 1724.8 1.2826 96.07 147 8/32
Support 2 1715.0 1.2759 95.31 146 28/32
Support 3 1702.6 1.2703 94.32 146 15/32
Contract Dec. Corn Dec. Wheat Nov. Beans Dec. Silver
Resistance 3 793.0 901.0 1815.50 3577.2
Resistance 2 784.5 896.0 1781.25 3495.8
Resistance 1 777.0 893.0 1763.50 3413.7
Pivot 768.5 888.0 1729.25 3332.3
Support 1 761.0 885.0 1711.5 3250.2
Support 2 752.5 880.0 1677.25 3168.8
Support 3 745.0 877.0 1659.50 3086.7



5. Economic Reports

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

All times are Eastern time Zone (EST)

Date 4:32pm Currency Impact Detail Actual Forecast Previous Graph
Wed

Sep 12
1:30am EUR
French CPI m/m
0.7% 0.5% -0.4%
2:00am EUR
German Final CPI m/m
0.4% 0.3% 0.3%
4:00am EUR
German Constitutional Court Ruling
4:00am EUR
Italian Industrial Production m/m
-0.2% -0.5% -1.3%
All Day EUR
Dutch Parliamentary Election
5:00am EUR
Industrial Production m/m
0.6% 0.0% -0.6%
8:30am USD
Import Prices m/m
0.7% 1.4% -0.7%
10:00am USD
Wholesale Inventories m/m
0.7% 0.3% -0.2%
10:30am USD
Crude Oil Inventories
2.0M -1.8M -7.4M
1:00pm USD
10-y Bond Auction
1.76|2.9 1.68|2.5

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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