{"id":3497,"date":"2012-04-24T21:43:54","date_gmt":"2012-04-25T05:43:54","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=3497"},"modified":"2014-09-12T04:10:33","modified_gmt":"2014-09-12T12:10:33","slug":"fomc-meeting-tomorrow-april-25-2012-support-and-resistance-levels","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/fomc-meeting-tomorrow-april-25-2012-support-and-resistance-levels\/","title":{"rendered":"FOMC Meeting Tomorrow April 25 2012 | Support and Resistance Levels"},"content":{"rendered":"

Jump to a section in this post:<\/span>
\n1. Market Commentary<\/a><\/strong>
\n2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000<\/a><\/strong>
\n3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds<\/a><\/strong>
\n4. Support and Resistance Levels – Corn, Wheat, Beans, Silver<\/a><\/strong>
\n5. Economic Reports for Wednesday April 25, 2012<\/a><\/strong><\/p>\n

 <\/p>\n

Hello Traders,<\/p>\n

Be ready for the un expected.<\/strong><\/p>\n

FOMC meeting tomorrow. Statement will be released around 12:30 PM EST\u00a0<\/strong><\/p>\n

FOMC days have different characteristics than other trading days. If you have traded for a while, check your trading notes from past FOMC days that may help you prepare for tomorrow.<\/strong><\/p>\n

if you are a newcomer, take a more conservative approach and make sure you understand that the news can really move the market.<\/strong><\/p>\n

My observations suggest choppy, low volume up until announcement, followed by some some sharp volatile moves right during and after the announcement. However, with tomorrow early morning reports and recent volatility, we may see wild action through out.<\/strong><\/p>\n

One advice everyone can benefit from is, reduce your trading size in proportion\u00a0 to the increase in volatility. This should help your comfort level while in the day-trade.<\/strong>
\n \u00a0Hourly chart of mini NASDAQ 100 for your review below:<\/strong><\/p>\n

<\/p>\n

 <\/p>\n

GOOD TRADING!<\/p>\n

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.<\/small><\/p>\n

<\/a>2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000<\/strong><\/h3>\n\n\n\n\n\n\n\n\n\n\n\n
Contract (June 2012)<\/td>\nSP500
\n(big & Mini)<\/td>\n		Nasdaq100
\n(big & Mini)<\/td>\n		Dow Jones
\n(big & Mini)<\/td>\n		Mini Russell<\/td>\n<\/tr>\n<\/thead>\n
Resistance 3<\/td>\n1380.67<\/td>\n2684.67<\/td>\n13090<\/td>\n812.07<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1375.93<\/td>\n2669.83<\/td>\n13041<\/td>\n805.13<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1372.47<\/td>\n2654.67<\/td>\n12993<\/td>\n800.97<\/td>\n<\/tr>\n
Pivot<\/td>\n1367.73<\/td>\n2639.83<\/td>\n12944<\/td>\n794.03<\/td>\n<\/tr>\n
Support 1<\/td>\n1364.27<\/td>\n2624.67<\/td>\n12896<\/td>\n789.87<\/td>\n<\/tr>\n
Support 2<\/td>\n1359.53<\/td>\n2609.83<\/td>\n12847<\/td>\n782.93<\/td>\n<\/tr>\n
Support 3<\/td>\n1356.07<\/td>\n2594.67<\/td>\n12799<\/td>\n778.77<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/a>3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds<\/strong><\/h3>\n\n\n\n\n\n\n\n\n\n\n\n
Contract<\/td>\nJune Gold<\/td>\nJune Euro<\/td>\nMay Crude Oil<\/td>\nJune Bonds<\/td>\n<\/tr>\n<\/thead>\n
Resistance 3<\/td>\n1665.0<\/td>\n1.3300<\/td>\n105.45<\/td>\n143 3\/32<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1657.6<\/td>\n1.3261<\/td>\n104.77<\/td>\n142 29\/32<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1649.5<\/td>\n1.3226<\/td>\n104.14<\/td>\n142 16\/32<\/td>\n<\/tr>\n
Pivot<\/td>\n1642.1<\/td>\n1.3187<\/td>\n103.46<\/td>\n142 10\/32<\/td>\n<\/tr>\n
Support 1<\/td>\n1634.0<\/td>\n1.3152<\/td>\n102.83<\/td>\n141 29\/32<\/td>\n<\/tr>\n
Support 2<\/td>\n1626.6<\/td>\n1.3113<\/td>\n102.15<\/td>\n141 23\/32<\/td>\n<\/tr>\n
Support 3<\/td>\n1618.5<\/td>\n1.3078<\/td>\n101.52<\/td>\n141 10\/32<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/a>4. Support & Resistance Levels for Corn, Wheat, Beans and Silver<\/strong><\/h3>\n\n\n\n\n\n\n\n\n\n\n\n
Contract<\/td>\nMay Corn<\/td>\nMay Wheat<\/td>\nMay Beans<\/td>\nMay Silver<\/td>\n<\/tr>\n<\/thead>\n
Resistance 3<\/td>\n634.9<\/td>\n651.9<\/td>\n1493.33<\/td>\n3153.0<\/td>\n<\/tr>\n
Resistance 2<\/td>\n628.3<\/td>\n647.8<\/td>\n1481.67<\/td>\n3132.0<\/td>\n<\/tr>\n
Resistance 1<\/td>\n618.2<\/td>\n640.2<\/td>\n1473.33<\/td>\n3105.5<\/td>\n<\/tr>\n
Pivot<\/td>\n611.6<\/td>\n636.1<\/td>\n1461.67<\/td>\n3084.5<\/td>\n<\/tr>\n
Support 1<\/td>\n601.4<\/td>\n628.4<\/td>\n1453.3<\/td>\n3058.0<\/td>\n<\/tr>\n
Support 2<\/td>\n594.8<\/td>\n624.3<\/td>\n1441.67<\/td>\n3037.0<\/td>\n<\/tr>\n
Support 3<\/td>\n584.7<\/td>\n616.7<\/td>\n1433.33<\/td>\n3010.5<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\"\"
\n<\/a><\/p>\n

5. Economic Reports<\/h3>\n

All Day EUR
\nItalian Bank Holiday
\n<\/strong><\/p>\n

3:00am EUR
\nECB President Draghi Speaks
\n<\/strong><\/p>\n

Tentative EUR
\nGerman 30-y Bond Auction
\n<\/strong><\/p>\n

8:30am USD
\nCore Durable Goods Orders m\/m
\n<\/strong><\/p>\n

8:30am USD
\nDurable Goods Orders m\/m
\n<\/strong><\/p>\n

10:30am USD
\nCrude Oil Inventories
\n<\/strong><\/p>\n

12:30pm USD
\n<\/strong>FOMC Statement<\/strong><\/p>\n

12:30pm USD
\nFederal Funds Rate
\n<\/strong><\/p>\n

2:00pm USD
\nFOMC Economic Projections
\n<\/strong><\/p>\n

2:15pm USD
\nFOMC Press Conference
\n<\/strong><\/p>\n

5:15pm USD
\nTreasury Sec Geithner Speaks<\/strong><\/p>\n

 <\/p>\n


\n<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Jump to a section in this post: 1. Market Commentary 2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000 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 April 25, 2012   Hello Traders, Be […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67],"tags":[149,55,134,602],"class_list":["post-3497","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","tag-commodity-futures-broker","tag-fomc-meeting","tag-futures-trading-brokers","tag-futures-trading-online"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/3497","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/comments?post=3497"}],"version-history":[{"count":5,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/3497\/revisions"}],"predecessor-version":[{"id":3505,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/3497\/revisions\/3505"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=3497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=3497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=3497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}