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Trading Levels and Reports for September 19, 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 Thursday September 19, 2012

 

Hello Traders,

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

ESZ2, NQZ2 etc.

Big move down on crude oil today. Daily chart along with WEEKLY support and resistance levels for your review below.

Notice that the next target on this leg down IF we pick some more downside speed is 86. 62

 

crude oil daily

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 1466.07 2890.00 13615 862.57 518.00
Resistance 2 1462.63 2878.00 13585 859.83 511.50
Resistance 1 1458.57 2869.00 13550 855.57 505.90
Pivot 1455.13 2857.00 13520 852.83 499.40
Support 1 1451.07 2848.00 13485 848.57 493.80
Support 2 1447.63 2836.00 13455 845.83 487.30
Support 3 1443.57 2827.00 13420 841.57 481.70
Contract Dec Gold Dec. Silver nov. Crude Oil Dec. Bonds Sept. Euro
Resistance 3 1799.5 3573.2 100.10 148 13/32 1.3202
Resistance 2 1790.7 3537.8 98.30 147 20/32 1.3149
Resistance 1 1781.9 3502.7 95.15 147  4/32 1.3109
Pivot 1773.1 3467.3 93.35 146 11/32 1.3056
Support 1 1764.3 3432.2 90.20 145 27/32 1.3016
Support 2 1755.5 3396.8 88.40 145  2/32 1.2963
Support 3 1746.7 3361.7 85.25 144 18/32 1.2923
Contract Dec. Corn Dec. Wheat Nov. Beans Dec. SoyMeal Dec. bean Oil
Resistance 3 776.4 896.3 1699.67 518.00 57.35
Resistance 2 767.3 889.2 1686.83 511.50 56.83
Resistance 1 761.9 885.3 1678.17 505.90 56.45
Pivot 752.8 878.2 1665.33 499.40 55.93
Support 1 747.4 874.3 1656.7 493.8 55.6
Support 2 738.3 867.2 1643.83 487.30 55.03
Support 3 732.9 863.3 1635.17 481.70 54.65




5. Economic Reports

All times are Eastern time Zone (EST)

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

Date 5:27pm Currency Impact Detail Actual Forecast Previous Graph
Thu

Sep 20
 2:00am EUR
German PPI m/m
0.4% 0.0%
3:00am EUR
French Flash Manufacturing PMI
46.5 46.0
3:00am EUR
French Flash Services PMI
49.5 49.2
3:30am EUR
German Flash Manufacturing PMI
45.4 44.7
3:30am EUR
German Flash Services PMI
48.5 48.3
4:00am EUR
Flash Manufacturing PMI
45.6 45.1
4:00am EUR
Flash Services PMI
47.6 47.2
Tentative EUR
Spanish 10-y Bond Auction
6.65|2.4
8:30am USD
Unemployment Claims
374K 382K
9:00am USD
Flash Manufacturing PMI
51.6 51.5
9:30am USD
FOMC Member Lockhart Speaks
10:00am EUR
Consumer Confidence
-24 -25
10:00am USD
Philly Fed Manufacturing Index
-4.1 -7.1
10:00am USD
CB Leading Index m/m
-0.1% 0.4%
10:30am USD
Natural Gas Storage
66B 27B
5:00pm USD
FOMC Member Pianalto 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

Tags: > > > Posted in: Future Trading News  

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