{"id":4195,"date":"2012-08-23T12:07:01","date_gmt":"2012-08-23T20:07:01","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=4195"},"modified":"2014-09-15T03:04:25","modified_gmt":"2014-09-15T11:04:25","slug":"trading-levels-and-reports-for-8-24-2012","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/trading-levels-and-reports-for-8-24-2012\/","title":{"rendered":"Trading Levels and Reports for 8-24-2012"},"content":{"rendered":"

Jump to a section in this post:<\/span><\/p>\n

1. Market Commentary<\/a><\/strong>
\n2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index<\/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\u00a0Friday August 24, 2012<\/a><\/strong><\/p>\n

 <\/p>\n

Hello Traders,<\/strong><\/p>\n

\n
\n

Couple of days ago I shared with you my daily mini SP chart with a possible sell signal I had. That specific signal along with the one below for the mini Russell got a confirmation in my opinion with price action breaking below immediate support.<\/p>\n

For the mini Russell 2000 to make a meaningful correction, perhaps 787, I would like to see price action breaking below 801 .<\/p>\n

 <\/p>\n

Daily chart of the mini Russell 2000 for your review below. If you would like to have a second opinion on different markets, trading methods and more, feel free to<\/p>\n

visit our trader profile page!<\/a><\/div>\n

 <\/p>\n

 <\/p>\n

\"mini<\/p>\n<\/div>\n

Also please like us on Facebook<\/a>!!<\/h3>\n<\/div>\n
<\/div>\n

GOOD TRADING!<\/strong><\/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.<\/p>\n

2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index<\/strong><\/h3>\n\n\n\n\n\n\n\n\n\n\n
Contract Sept. 2012<\/td>\nSP500 (big & Mini)<\/td>\nNasdaq100 (big & Mini)<\/td>\nDow Jones (big & Mini)<\/td>\nMini Russell<\/td>\nDollar Index<\/td>\n<\/tr>\n
Resistance 3<\/td>\n1417.33<\/td>\n2801.67<\/td>\n13135<\/td>\n829.73<\/td>\n81.85<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1412.92<\/td>\n2790.33<\/td>\n13113<\/td>\n823.47<\/td>\n81.69<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1406.83<\/td>\n2777.17<\/td>\n13075<\/td>\n814.03<\/td>\n81.54<\/td>\n<\/tr>\n
Pivot<\/td>\n1402.42<\/td>\n2765.83<\/td>\n13053<\/td>\n807.77<\/td>\n81.38<\/td>\n<\/tr>\n
Support 1<\/td>\n1396.33<\/td>\n2752.67<\/td>\n13015<\/td>\n798.33<\/td>\n81.22<\/td>\n<\/tr>\n
Support 2<\/td>\n1391.92<\/td>\n2741.33<\/td>\n12993<\/td>\n792.07<\/td>\n81.06<\/td>\n<\/tr>\n
Support 3<\/td>\n1385.83<\/td>\n2728.17<\/td>\n12955<\/td>\n782.63<\/td>\n80.91<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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
Contract<\/td>\nDec Gold<\/td>\nSept. Euro<\/td>\nOct. Crude Oil<\/td>\nSept. Bonds<\/td>\n<\/td>\n<\/tr>\n
Resistance 3<\/td>\n1705.1<\/td>\n1.2662<\/td>\n100.19<\/td>\n149 23\/32<\/td>\n<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1691.3<\/td>\n1.2627<\/td>\n99.24<\/td>\n149 5\/32<\/td>\n<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1682.1<\/td>\n1.2596<\/td>\n97.65<\/td>\n148 25\/32<\/td>\n<\/td>\n<\/tr>\n
Pivot<\/td>\n1668.3<\/td>\n1.2561<\/td>\n96.70<\/td>\n148 7\/32<\/td>\n<\/td>\n<\/tr>\n
Support 1<\/td>\n1659.1<\/td>\n1.2530<\/td>\n95.11<\/td>\n147 27\/32<\/td>\n<\/td>\n<\/tr>\n
Support 2<\/td>\n1645.3<\/td>\n1.2495<\/td>\n94.16<\/td>\n147 9\/32<\/td>\n<\/td>\n<\/tr>\n
Support 3<\/td>\n1636.1<\/td>\n1.2464<\/td>\n92.57<\/td>\n146 29\/32<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

4. Support & Resistance Levels for Corn, Wheat, Beans and Silver<\/strong><\/h3>\n

<\/h3>\n\n\n\n\n\n\n\n\n\n\n
Contract<\/td>\nDec. Corn<\/td>\nSept. Wheat<\/td>\nNov. Beans<\/td>\nSept. Silver<\/td>\n<\/td>\n<\/tr>\n
Resistance 3<\/td>\n844.8<\/td>\n942.5<\/td>\n1756.33<\/td>\n3199.7<\/td>\n<\/td>\n<\/tr>\n
Resistance 2<\/td>\n837.9<\/td>\n932.5<\/td>\n1744.17<\/td>\n3139.3<\/td>\n<\/td>\n<\/tr>\n
Resistance 1<\/td>\n826.3<\/td>\n913.5<\/td>\n1729.08<\/td>\n3096.7<\/td>\n<\/td>\n<\/tr>\n
Pivot<\/td>\n819.4<\/td>\n903.5<\/td>\n1716.92<\/td>\n3036.3<\/td>\n<\/td>\n<\/tr>\n
Support 1<\/td>\n807.8<\/td>\n884.5<\/td>\n1701.8<\/td>\n2993.7<\/td>\n<\/td>\n<\/tr>\n
Support 2<\/td>\n800.9<\/td>\n874.5<\/td>\n1689.67<\/td>\n2933.3<\/td>\n<\/td>\n<\/tr>\n
Support 3<\/td>\n789.3<\/td>\n855.5<\/td>\n1674.58<\/td>\n2890.7<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n


\n<\/a>
\n<\/a>
\n<\/a>5. Economic Reports<\/strong><\/h3>\n

source:http:\/\/www.forexfactory.com\/calendar.php<\/a><\/h3>\n

<\/h3>\n

All times are Eastern time Zone (EST)<\/a><\/h3>\n\n\n\n\n\n\n
Date<\/td>\n4:04pm<\/a><\/td>\nCurrency<\/td>\nImpact<\/td>\n<\/td>\nDetail<\/td>\nActual<\/td>\nForecast<\/td>\nPrevious<\/td>\nGraph<\/td>\n<\/tr>\n
Fri<\/p>\n
Aug 24<\/div>\n<\/td>\n
<\/a>\u00a08:30am<\/td>\nUSD<\/td>\n<\/td>\n\n
Core Durable Goods Orders m\/m<\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.5%<\/td>\n-1.4%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n8:30am<\/td>\nUSD<\/td>\n<\/td>\n\n
Durable Goods Orders m\/m<\/div>\n<\/td>\n
<\/td>\n<\/td>\n2.6%<\/td>\n1.3%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n9:00am<\/td>\nEUR<\/td>\n<\/td>\n\n
Belgium NBB Business Climate<\/div>\n<\/td>\n
<\/td>\n<\/td>\n-11.6<\/td>\n-11.3<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
<\/div>\n
This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc<\/a>. 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<\/div>\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, 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\u00a0Friday August 24, 2012   Hello Traders, […]<\/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":[133,63,268,144],"class_list":["post-4195","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","tag-future-brokers","tag-future-trading","tag-futures-trading-company","tag-futures-trading-levels"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/4195","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=4195"}],"version-history":[{"count":5,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/4195\/revisions"}],"predecessor-version":[{"id":5277,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/4195\/revisions\/5277"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=4195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=4195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=4195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}