Trading Levels and Reports for September 27, 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 27, 2012
Hello Traders,
Be patient and stay disciplined.
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 | 1445.00 | 2830.00 | 13461 | 850.97 | 501.17 |
| Resistance 2 | 1440.25 | 2813.00 | 13435 | 845.83 | 494.83 |
| Resistance 1 | 1434.00 | 2795.00 | 13388 | 838.17 | 485.87 |
| Pivot | 1429.25 | 2778.00 | 13362 | 833.03 | 479.53 |
| Support 1 | 1423.00 | 2760.00 | 13315 | 825.37 | 470.57 |
| Support 2 | 1418.25 | 2743.00 | 13289 | 820.23 | 464.23 |
| Support 3 | 1412.00 | 2725.00 | 13242 | 812.57 | 455.27 |
| Contract | Dec Gold | Dec. Silver | Nov. Crude Oil | Dec. Bonds | Dec. Euro |
| Resistance 3 | 1798.9 | 3503.3 | 93.61 | 151 26/32 | 1.2999 |
| Resistance 2 | 1783.7 | 3457.2 | 92.47 | 150 27/32 | 1.2961 |
| Resistance 1 | 1768.8 | 3428.3 | 91.22 | 150 12/32 | 1.2921 |
| Pivot | 1753.6 | 3382.2 | 90.08 | 149 13/32 | 1.2883 |
| Support 1 | 1738.7 | 3353.3 | 88.83 | 148 30/32 | 1.2843 |
| Support 2 | 1723.5 | 3307.2 | 87.69 | 147 31/32 | 1.2805 |
| Support 3 | 1708.6 | 3278.3 | 86.44 | 147 16/32 | 1.2765 |
| Contract | Dec. Corn | Dec. Wheat | Nov. Beans | Dec. SoyMeal | Dec. bean Oil |
| Resistance 3 | 739.6 | 870.8 | 1607.17 | 501.17 | 53.22 |
| Resistance 2 | 735.9 | 870.4 | 1597.33 | 494.83 | 52.98 |
| Resistance 1 | 730.3 | 869.8 | 1585.17 | 485.87 | 52.55 |
| Pivot | 726.7 | 869.4 | 1575.33 | 479.53 | 52.31 |
| Support 1 | 721.1 | 868.8 | 1563.2 | 470.6 | 51.9 |
| Support 2 | 717.4 | 868.4 | 1553.33 | 464.23 | 51.64 |
| Support 3 | 711.8 | 867.8 | 1541.17 | 455.27 | 51.21 |
5. Economic Reports
All times are Eastern time Zone (EST)
source:http://www.forexfactory.com/calendar.php
| Date | 4:10pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
| Thu
Sep 27
|
2:00am | EUR |
German Import Prices m/m
|
0.9% | 0.7% | ||||
| 3:55am | EUR |
German Unemployment Change
|
10K | 9K | |||||
| 4:00am | EUR |
M3 Money Supply y/y
|
3.3% | 3.8% | |||||
| 4:00am | EUR |
Private Loans y/y
|
0.1% | 0.1% | |||||
| 4:10am | EUR |
Retail PMI
|
44.4 | ||||||
| Tentative | EUR |
Italian 10-y Bond Auction
|
5.82|1.4 | ||||||
| 8:30am | USD |
Core Durable Goods Orders m/m
|
0.2% | -0.6% | |||||
| 8:30am | USD |
Unemployment Claims
|
378K | 382K | |||||
| 8:30am | USD |
Durable Goods Orders m/m
|
-4.7% | 4.1% | |||||
| 8:30am | USD |
Final GDP q/q
|
1.7% | 1.7% | |||||
| 8:30am | USD |
Final GDP Price Index q/q
|
1.6% | 1.6% | |||||
| 10:00am | USD |
Pending Home Sales m/m
|
-0.4% | 2.4% | |||||
| 10:30am | USD |
Natural Gas Storage
|
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
