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 Wednesday September 18, 2012

 

Hello Traders,

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

ESZ2, NQZ2 etc.

SIlver, copper and gold chart below are also December.

Below is a screen shot from today’s trading session and reflects potential buy/sell signals I share with clients and interested prospects.

If you like to observe the charts in realtime sign up at:

https://www.cannontrading.com/tools/intraday-futures-trading-signals

 

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 1460.57 2866.00 13557 864.10 515.40
Resistance 2 1457.88 2860.00 13528 860.60 510.00
Resistance 1 1455.07 2855.00 13507 856.40 501.00
Pivot 1452.38 2849.00 13478 852.90 495.60
Support 1 1449.57 2844.00 13457 848.70 486.60
Support 2 1446.88 2838.00 13428 845.20 481.20
Support 3 1444.07 2833.00 13407 841.00 472.20
Contract Dec Gold Dec. Silver Nov. Crude Oil Dec. Bonds Dec. Euro
Resistance 3 1804.5 3636.7 99.21 147 19/32 1.3193
Resistance 2 1790.2 3573.3 98.38 147 2/32 1.3162
Resistance 1 1781.8 3528.2 97.08 146 17/32 1.3104
Pivot 1767.5 3464.8 96.25 146 1.3073
Support 1 1759.1 3419.7 94.95 145 15/32 1.3015
Support 2 1744.8 3356.3 94.12 144 30/32 1.2984
Support 3 1736.4 3311.2 92.82 144 13/32 1.2926
Contract Dec. Corn Dec. Wheat Nov. Beans Dec. SoyMeal Dec. bean Oil
Resistance 3 763.8 905.3 1683.00 515.40 #VALUE!
Resistance 2 758.7 896.2 1674.00 510.00 #VALUE!
Resistance 1 749.3 879.8 1657.00 501.00 #VALUE!
Pivot 744.2 870.7 1648.00 495.60 #VALUE!
Support 1 734.8 854.3 1631.0 486.6 #VALUE!
Support 2 729.7 845.2 1622.00 481.20 #VALUE!
Support 3 720.3 828.8 1605.00 472.20 #VALUE!




5. Economic Reports

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

All times are Eastern time Zone (EST)

Date 4:08pm Currency Impact Detail Actual Forecast Previous Graph
Tue

Sep 18
5:00am EUR
German ZEW Economic Sentiment
-18.2 -19.2 -25.5
5:00am EUR
ZEW Economic Sentiment
-3.8 -16.3 -21.2
8:30am USD
Current Account
-117B -126B -134B
8:38am USD
TIC Long-Term Purchases
67.0B 37.3B 9.3B
10:00am USD
NAHB Housing Market Index
40 38 37
12:45pm USD
FOMC Member Dudley Speaks
 4:30pm USD
FOMC Member Dudley Speaks
7:45pm USD
FOMC Member Lacker 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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