Trading Levels and Reports for September 25, 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 Tuesday September 25, 2012
Hello Traders,
Screen shot from todays “live trading signals” session of the mini Russell 2000 below for your review.
During this daily screen sharing, I have my screen up for live viewing along with several charts of different markets. The charts include potential buy/ sell signals along with possible targets/ stops etc.
While there is rarely any voice commentary, i do answer questions during these sessions
The charts include some of my proprietry studies and ALGO I have developed that look for “turning points” in the markets on a day-trading basis.
I offer a two week trial period where one can get a daily invitation to view my charts running live AND/OR install the custom indicators on their own SIERRA charts so it can be applied to different markets and different time frames.
The trial is free. If one decides to subscribe to the service, the cost is $119 per month if you are a client of Cannon trading and $199 per month if you are not a client.
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 | 1464.50 | 2865.33 | 13623 | 861.40 | 499.67 |
| Resistance 2 | 1459.25 | 2855.17 | 13577 | 857.70 | 493.73 |
| Resistance 1 | 1455.50 | 2847.33 | 13543 | 852.80 | 488.97 |
| Pivot | 1450.25 | 2837.17 | 13497 | 849.10 | 483.03 |
| Support 1 | 1446.50 | 2829.33 | 13463 | 844.20 | 478.27 |
| Support 2 | 1441.25 | 2819.17 | 13417 | 840.50 | 472.33 |
| Support 3 | 1437.50 | 2811.33 | 13383 | 835.60 | 467.57 |
| Contract | Dec Gold | Dec. Silver | Nov. Crude Oil | Dec. Bonds | Dec. Euro |
| Resistance 3 | 1793.1 | 3551.2 | 95.14 | 148 31/32 | 1.3074 |
| Resistance 2 | 1784.2 | 3504.8 | 94.16 | 148 14/32 | 1.3033 |
| Resistance 1 | 1775.7 | 3455.7 | 93.02 | 148 | 1.2985 |
| Pivot | 1766.8 | 3409.3 | 92.04 | 147 15/32 | 1.2944 |
| Support 1 | 1758.3 | 3360.2 | 90.90 | 147 1/32 | 1.2896 |
| Support 2 | 1749.4 | 3313.8 | 89.92 | 146 16/32 | 1.2855 |
| Support 3 | 1740.9 | 3264.7 | 88.78 | 146 2/32 | 1.2807 |
| Contract | Dec. Corn | Dec. Wheat | Nov. Beans | Dec. SoyMeal | Dec. bean Oil |
| Resistance 3 | 759.0 | 908.0 | 1642.00 | 499.67 | 55.21 |
| Resistance 2 | 752.8 | 902.0 | 1629.00 | 493.73 | 54.72 |
| Resistance 1 | 748.8 | 897.0 | 1619.50 | 488.97 | 54.44 |
| Pivot | 742.5 | 891.0 | 1606.50 | 483.03 | 53.95 |
| Support 1 | 738.5 | 886.0 | 1597.0 | 478.3 | 53.7 |
| Support 2 | 732.3 | 880.0 | 1584.00 | 472.33 | 53.18 |
| Support 3 | 728.3 | 875.0 | 1574.50 | 467.57 | 52.90 |
5. Economic Reports
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 4:02pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
| Tue
Sep 25
|
2:00am | EUR |
GfK German Consumer Climate
|
6.0 | 5.9 | ||||
| 9:00am | EUR |
ECB President Draghi Speaks
|
|||||||
| 9:00am | USD |
S&P/CS Composite-20 HPI y/y
|
1.3% | 0.5% | |||||
| 10:00am | USD |
CB Consumer Confidence
|
63.1 | 60.6 | |||||
| 10:00am | USD |
HPI m/m
|
0.4% | 0.7% | |||||
| 10:00am | USD |
Richmond Manufacturing Index
|
-6 | -9 | |||||
| 1:30pm | USD |
Treasury Sec Geithner 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
