Trading Levels and Reports for September 14, 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 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
