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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 Friday September 14, 2012

 

Hello Traders,

Front month for Stock index futures is DECEMBER, symbol for December is Z.

ESZ2, NQZ2 etc.

Big move today after FOMC. many times the real reaction for FOMC will take place the following day. I will be watching carefuly.

Weekly chart of mini SP 500 for your review below.

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 1497.67 2896.67 13855 884.37 80.75
Resistance 2 1480.58 2866.33 13710 873.03 80.41
Resistance 1 1469.17 2843.67 13615 864.67 79.82
Pivot 1452.08 2813.33 13470 853.33 79.49
Support 1 1440.67 2790.67 13375 844.97 78.90
Support 2 1423.58 2760.33 13230 833.63 78.56
Support 3 1412.17 2737.67 13135 825.27 77.97
Contract Dec Gold Sept. Euro Oct. Crude Oil Dec. Bonds
Resistance 3 1843.7 1.3192 100.98 150 27/32
Resistance 2 1809.3 1.3098 99.78 149 21/32
Resistance 1 1788.7 1.3043 98.91 148 18/32
Pivot 1754.3 1.2949 97.71 147 12/32
Support 1 1733.7 1.2894 96.84 146 9/32
Support 2 1699.3 1.2800 95.64 145 3/32
Support 3 1678.7 1.2745 94.77 144
Contract Dec. Corn Dec. Wheat Nov. Beans Dec. Silver
Resistance 3 782.2 913.5 1769.17 3762.7
Resistance 2 778.6 908.0 1759.08 3624.8
Resistance 1 776.2 905.0 1753.17 3547.7
Pivot 772.6 899.5 1743.08 3409.8
Support 1 770.2 896.5 1737.2 3332.7
Support 2 766.6 891.0 1727.08 3194.8
Support 3 764.2 888.0 1721.17 3117.7



5. Economic Reports

All times are Eastern time Zone (EST)

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

Date 4:18pm Currency Impact Detail Actual Forecast Previous Graph
Fri

Sep 14
 5:00am EUR
CPI y/y
2.6% 2.6%
5:00am EUR
Core CPI y/y
1.7% 1.7%
5:00am EUR
Employment Change q/q
-0.2% -0.2%
All Day EUR
ECOFIN Meetings
8:30am USD
Core CPI m/m
0.2% 0.1%
8:30am USD
Core Retail Sales m/m
0.7% 0.8%
8:30am USD
Retail Sales m/m
0.7% 0.8%
8:30am USD
CPI m/m
0.5% 0.0%
9:15am USD
Capacity Utilization Rate
79.3% 79.3%
9:15am USD
Industrial Production m/m
0.1% 0.6%
9:55am USD
Prelim UoM Consumer Sentiment
74.1 74.3
9:55am USD
Prelim UoM Inflation Expectations
3.6%
10:00am USD
Business Inventories m/m
0.3% 0.1%
1:00pm USD
FOMC Member Lockhart Speaks
1:45pm USD
FOMC Member Raskin Speaks

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

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