Trading Levels and Reports for September 19, 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 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
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
