{"id":4519,"date":"2012-12-06T13:07:21","date_gmt":"2012-12-06T21:07:21","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=4519"},"modified":"2015-01-08T12:11:40","modified_gmt":"2015-01-08T20:11:40","slug":"trading-levels-and-reports-for-december-7-2012","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/trading-levels-and-reports-for-december-7-2012\/","title":{"rendered":"Trading Levels and Reports for December 7, 2012"},"content":{"rendered":"

 <\/p>\n

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 Friday December 7, 2012<\/a><\/strong><\/p>\n

 <\/p>\n

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

\n
\n

Monthly unemployment figures to be released tomorrow at 8:30 AM Eastern time<\/p>\n

The Following is provided by our friends at\u00a0www.LiveSquawk.com<\/a><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
The Labor Department will release the November jobs data on Friday at 13:30 GMT.<\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
PREVIOUS DATA<\/strong><\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
Nonfarm payrolls increased 171,000 in October and job gains for the previous two months were revised up to show 84,000 more positions created than previously reported. There were job gains almost across the board, with the exception of government, where payrolls fell 13,000 after three months of increase. Manufacturing payrolls rebounded and construction jobs jumped 17,000, the most since January thanks to a pick-up in home building activity. The unemployment rate edged up by a tenth of a percentage point to 7.9 percent.<\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
EXPECTATIONS<\/strong><\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
U.S. job growth likely slowed sharply in November as superstorm Sandy disrupted economic activity, making it hard get a clear picture of a labor market that has also been hobbled by fears of government austerity. Nonfarm payrolls are expected to have increased only 93,000 last month, a sharp step-down from October’s 171,000 job gain, according to a Reuters survey of economists. The unemployment rate is seen holding steady at 7.9 percent.That would be the fewest number of jobs in five months, but economists blame the anticipated pull-back on the monster storm, which lashed the densely populated East Coast late in October. While it is difficult to quantify the storm’s influence on payrolls in November, economists estimate it could subtract anything between 25,000 and 75,000 jobs. (Source: Reuters)<\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
ECONOMIST OPINION<\/strong><\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
“It is important to remember that the impact of Sandy on total nonfarm payrolls is temporary and should not be blamed for the woes of the current labor market recovery,” said Lewis Alexander, chief economist at Nomura Securities in New York.”Had we not experienced the kind of disruption that Sandy brought to bear, we would have seen at least a recurrence if not an increase in the number of jobs added in November,” said Patrick O’Keefe, head of economic research at J.H. Cohn in Roseland, New Jersey. “The underlying trend temporarily got disrupted by the storm, but it’s still a very tepid recovery,” he added. <\/p>\n

“Even absent Sandy, the economy is not growing at the rate they would like to see so that is reason for them to continue with more quantitative easing,” said Torsten Slok, chief international economist at Deutsche Bank Securities in New York.<\/td>\n<\/tr>\n

<\/td>\n<\/tr>\n
RECENT LABOUR INDICATORS<\/strong><\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
Jobless Claims<\/strong>The number of Americans filing new claims for unemployment benefits fell for a third straight week last week. Initial claims for state unemployment benefits dropped 25,000 to a seasonally adjusted 370,000, the Labor Department said on Thursday. The prior week’s figure was revised to show 2,000 more applications than previously reported. Last week’s drop brought them back to their pre-superstorm Sandy’s 360,000-370,000 range. Economists polled by Reuters had forecast claims falling to 380,000 last week. <\/p>\n

The report for last week won’t have any impact on tomorrow’s payroll figure, which was tallied in mid-November. The table below shows the number of claims filed throughout the month of November:<\/td>\n<\/tr>\n

\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Date (Week Ending)<\/td>\nInitial Jobless Claims<\/td>\n<\/tr>\n
11\/30<\/td>\n370.0<\/td>\n<\/tr>\n
11\/23<\/td>\n395.0<\/td>\n<\/tr>\n
11\/16<\/td>\n416.0<\/td>\n<\/tr>\n
11\/9<\/td>\n451.0<\/td>\n<\/tr>\n
11\/2<\/td>\n361.0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n
ADP<\/strong>U.S. private-sector employers added 118,000 jobs in November, shy of economists’ expectations, a report by a payrolls processor showed on Wednesday. Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 125,000 jobs. October’s private payrolls were revised slightly down to an increase of 157,000 from the previously reported 158,000.<\/p>\n

 <\/p>\n

Andrew Wilkinson of Miller Tabak notes, ‘Diving deeper into ADP’s private payroll report indicates that Hurricane Sandy’s impact might not be as big as economists are expecting for the government’s non-farm payroll report due out Friday. Sandy most likely cost 86,000 jobs in November, meaning ADP could have checked in around 204,000.That would have been the best jobs number since February.’ ‘We think this affirms our own view of the labor market that regardless of the fiscal cliff, hiring has recently accelerated,’ Wilkinson added.<\/p>\n

 <\/p>\n

Challenger Jobs<\/strong><\/p>\n

 <\/p>\n

Planned layoffs at U.S. firms rose for the third month in a row in November, partly driven by the bankruptcy of Hostess Brands, according to a report from consultants Challenger, Gray & Christmas, Inc. Employers announced 57,081 job cuts last month, the highest level since May and up nearly 20 percent from 47,724 in October. November’s job cuts were also up 34.4 percent from the 42,474 seen a year ago.<\/p>\n

 <\/p>\n

The bankruptcy of Twinkies maker Hostess in November accounted for 18,500 of the jobs lost. The computer industry, which has led layoffs for the year, cut 3,313 jobs last month. “Job cuts this year have really been driven by a handful of large-scale cuts,” Rick Cobb, executive vice president of Challenger, Gray & Christmas, said in a statement. The approach of the Christmas holidays does not necessarily offer respite, Cobb said, pointing to the 11,000 job cuts Citigroup announced on Wednesday as an example.<\/p>\n

 <\/p>\n

Gallup<\/strong><\/p>\n

 <\/p>\n

U.S. unemployment, as measured by Gallup without seasonal adjustment, was 7.8% for the month of November, up significantly from 7.0% for October. Gallup’s seasonally adjusted unemployment rate is 8.3%, nearly a one-point increase over October’s rate.<\/p>\n

 <\/p>\n

Gallup believe their seasonally adjusted unemployment rate – the closest comparison it has to the official numbers released by the U.S. Bureau of Labor Statistics – suggests that the BLS will report another increase when it releases its numbers Friday. However, ‘It is possible that some of the November increase in unemployment is the result of scaled-back holiday hiring, in which case the BLS may apply a smaller adjustment factor than it has in the past,’ they note.<\/p>\n

 <\/p>\n

‘The increase in unemployment in November is a change from the positive momentum seen in recent months. However, it is also possible that October’s dramatic improvement was temporary, and November’s reading is a continuation of the earlier trend. The trend in future months will be an important indicator of the true momentum of the job climate,’ the pollster writes.<\/td>\n<\/tr>\n

<\/td>\n<\/tr>\n
RANGE<\/strong><\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
\n\n\n\n
\n\n\n\n\n\n\n\n\n\n
<\/td>\nNon-Farm Payrolls (‘000s)<\/td>\n<\/tr>\n
Median Estimate<\/td>\n86<\/td>\n<\/tr>\n
High Estimate<\/td>\n145<\/td>\n<\/tr>\n
Low Estimate<\/td>\n15<\/td>\n<\/tr>\n
Number of Estimates<\/td>\n87<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n
Source: Bloomberg<\/td>\n<\/tr>\n
\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n
<\/td>\nUnemployment Rate (%)<\/td>\n<\/tr>\n
Median Estimate<\/td>\n7.9<\/td>\n<\/tr>\n
High Estimate<\/td>\n8.1<\/td>\n<\/tr>\n
Low Estimate<\/td>\n7.9<\/td>\n<\/tr>\n
Number of Estimates<\/td>\n87<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n
Source: Bloomberg<\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
ECONOMIST ESTIMATES<\/strong><\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Economist<\/td>\nFirm<\/td>\nNon-Farm Payrolls (‘000s)<\/td>\nAs of<\/td>\n<\/tr>\n
Jeffrey Herzog<\/td>\nOxford Economics Ltd<\/td>\n\n

127<\/p>\n<\/td>\n

\n

30-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Richard F Moody<\/td>\nRegions Financial Corp<\/td>\n\n

116<\/p>\n<\/td>\n

\n

30-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Christophe Barraud<\/td>\nMarket Securities<\/td>\n\n

58<\/p>\n<\/td>\n

\n

03-Dec-12<\/p>\n<\/td>\n<\/tr>\n

Signe Roed-Frederiksen<\/td>\nDanske Bank A\/S<\/td>\n\n

125<\/p>\n<\/td>\n

\n

29-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Philip L Miller<\/td>\nSISR<\/td>\n\n

43<\/p>\n<\/td>\n

\n

30-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Hugo Ferraz Penteado<\/td>\nSantander Asset Mgmt<\/td>\n\n

75<\/p>\n<\/td>\n

\n

30-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Jeavon Lolay<\/td>\nLloyds Bank Wbm<\/td>\n\n

85<\/p>\n<\/td>\n

\n

29-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Christoph Schroeter<\/td>\nBayerische Landesbank<\/td>\n\n

107<\/p>\n<\/td>\n

\n

30-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Weidensteiner\/Balz<\/td>\nCommerzbank AG<\/td>\n\n

110<\/p>\n<\/td>\n

\n

30-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Bernd Krampen<\/td>\nNord\/LB<\/td>\n\n

85<\/p>\n<\/td>\n

\n

29-Nov-12<\/p>\n<\/td>\n<\/tr>\n

<\/td>\nAcciones y Valores<\/td>\n\n

86<\/p>\n<\/td>\n

\n

04-Dec-12<\/p>\n<\/td>\n<\/tr>\n

Sherry Cooper<\/td>\nBMO Capital Markets<\/td>\n\n

120<\/p>\n<\/td>\n

\n

30-Nov-12<\/p>\n<\/td>\n<\/tr>\n

<\/td>\nBriefing.com<\/td>\n\n

80<\/p>\n<\/td>\n

\n

30-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Mufteeva\/Julien<\/td>\nNatixis<\/td>\n\n

100<\/p>\n<\/td>\n

\n

05-Dec-12<\/p>\n<\/td>\n<\/tr>\n

<\/td>\nStone & McCarthy Research<\/td>\n\n

75<\/p>\n<\/td>\n

\n

30-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Dirk Chlench<\/td>\nLandesbank BW<\/td>\n\n

90<\/p>\n<\/td>\n

\n

30-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Dupuis\/Genereux<\/td>\nDesjardins Group<\/td>\n\n

110<\/p>\n<\/td>\n

\n

30-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Hugh Johnson<\/td>\nHugh Johnson Advisors<\/td>\n\n

110<\/p>\n<\/td>\n

\n

21-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Ken Mayland<\/td>\nClearView Economics<\/td>\n\n

75<\/p>\n<\/td>\n

\n

30-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Bill Cheney<\/td>\nJohn Hancock Financial<\/td>\n\n

118<\/p>\n<\/td>\n

\n

30-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Peter Morici<\/td>\nUniversity of Maryland<\/td>\n\n

135<\/p>\n<\/td>\n

\n

26-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Thomas Lam<\/td>\nOSK Group\/DMG<\/td>\n\n

136<\/p>\n<\/td>\n

\n

30-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Russell Price<\/td>\nAmeriprise Financial Inc<\/td>\n\n

90<\/p>\n<\/td>\n

\n

05-Dec-12<\/p>\n<\/td>\n<\/tr>\n

David Greenlaw<\/td>\nMorgan Stanley & Co.<\/td>\n\n

15<\/p>\n<\/td>\n

\n

30-Nov-12<\/p>\n<\/td>\n<\/tr>\n

John Silvia<\/td>\nWells Fargo & Co.<\/td>\n\n

65<\/p>\n<\/td>\n

\n

05-Dec-12<\/p>\n<\/td>\n<\/tr>\n

Scott Anderson<\/td>\nBank of the West<\/td>\n\n

124<\/p>\n<\/td>\n

\n

03-Dec-12<\/p>\n<\/td>\n<\/tr>\n

Joerg Angele<\/td>\nRaiffeisenbank International<\/td>\n\n

50<\/p>\n<\/td>\n

\n

30-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Nathaniel Karp<\/td>\nBBVA<\/td>\n\n

120<\/p>\n<\/td>\n

\n

03-Dec-12<\/p>\n<\/td>\n<\/tr>\n

Michael Carey<\/td>\nCredit Agricole CIB<\/td>\n\n

80<\/p>\n<\/td>\n

\n

30-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Harm Bandholz<\/td>\nUniCredit Research<\/td>\n\n

110<\/p>\n<\/td>\n

\n

29-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Brian M. Jones<\/td>\nSociete Generale<\/td>\n\n

122<\/p>\n<\/td>\n

\n

03-Dec-12<\/p>\n<\/td>\n<\/tr>\n

Smith\/Sweet<\/td>\nMoody’s Analytics<\/td>\n\n

70<\/p>\n<\/td>\n

\n

05-Dec-12<\/p>\n<\/td>\n<\/tr>\n

<\/td>\nGoldman, Sachs & Co.<\/td>\n\n

75<\/p>\n<\/td>\n

\n

03-Dec-12<\/p>\n<\/td>\n<\/tr>\n

Tom Porcelli<\/td>\nRBC Capital Markets<\/td>\n\n

95<\/p>\n<\/td>\n

\n

29-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Sean Incremona<\/td>\n4CAST Ltd.<\/td>\n\n

75<\/p>\n<\/td>\n

\n

03-Dec-12<\/p>\n<\/td>\n<\/tr>\n

P. Ashworth\/P. Dales<\/td>\nCapital Economics<\/td>\n\n

75<\/p>\n<\/td>\n

\n

29-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Guy LeBas<\/td>\nJanney Montgomery Scott LLC<\/td>\n\n

112<\/p>\n<\/td>\n

\n

30-Nov-12<\/p>\n<\/td>\n<\/tr>\n

<\/td>\nIntesa Sanpaolo<\/td>\n\n

85<\/p>\n<\/td>\n

\n

30-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Derek Holt<\/td>\nScotiabank<\/td>\n\n

100<\/p>\n<\/td>\n

\n

30-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Bantleon Bank AG<\/td>\nBantleon Bank AG<\/td>\n\n

85<\/p>\n<\/td>\n

\n

30-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Steven Wood<\/td>\nInsight Economics<\/td>\n\n

25<\/p>\n<\/td>\n

\n

30-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Ryan Wang<\/td>\nHSBC Markets<\/td>\n\n

125<\/p>\n<\/td>\n

\n

30-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Gabriel Casillas<\/td>\nBanorte-IXE<\/td>\n\n

130<\/p>\n<\/td>\n

\n

03-Dec-12<\/p>\n<\/td>\n<\/tr>\n

Besch\/Luetje<\/td>\nDekaBank<\/td>\n\n

100<\/p>\n<\/td>\n

\n

30-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Joe LaVorgna<\/td>\nDeutsche Bank Securities<\/td>\n\n

25<\/p>\n<\/td>\n

\n

21-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Harris\/Coffin\/Cummins<\/td>\nUBS<\/td>\n\n

50<\/p>\n<\/td>\n

\n

28-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Ward McCarthy<\/td>\nJefferies & Co.<\/td>\n\n

65<\/p>\n<\/td>\n

\n

29-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Bayer\/Heidrich\/Riefer<\/td>\nDeutsche Postbank AG<\/td>\n\n

120<\/p>\n<\/td>\n

\n

29-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Colm Fitzgerald<\/td>\nParagon Research<\/td>\n\n

62<\/p>\n<\/td>\n

\n

04-Dec-12<\/p>\n<\/td>\n<\/tr>\n

Stephen Stanley<\/td>\nPierpont Securities LLC<\/td>\n\n

60<\/p>\n<\/td>\n

\n

26-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Wesbury\/Stein<\/td>\nFirst Trust Advisors<\/td>\n\n

67<\/p>\n<\/td>\n

\n

06-Dec-12<\/p>\n<\/td>\n<\/tr>\n

Michael Feroli<\/td>\nJ.P. Morgan Chase<\/td>\n\n

100<\/p>\n<\/td>\n

\n

03-Dec-12<\/p>\n<\/td>\n<\/tr>\n

Pierre-Olivier Beffy<\/td>\nExane<\/td>\n\n

115<\/p>\n<\/td>\n

\n

30-Nov-12<\/p>\n<\/td>\n<\/tr>\n

E. Green\/M. Mulraine<\/td>\nTD Securities<\/td>\n\n

105<\/p>\n<\/td>\n

\n

05-Dec-12<\/p>\n<\/td>\n<\/tr>\n

Mike Englund<\/td>\nAction Economics<\/td>\n\n

130<\/p>\n<\/td>\n

\n

30-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Julia Coronado<\/td>\nBNP Paribas<\/td>\n\n

25<\/p>\n<\/td>\n

\n

29-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Neal Soss<\/td>\nCredit Suisse<\/td>\n\n

70<\/p>\n<\/td>\n

\n

30-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Francesca Panelli<\/td>\nBanca Aletti & C spa<\/td>\n\n

130<\/p>\n<\/td>\n

\n

29-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Dean Maki<\/td>\nBarclays<\/td>\n\n

50<\/p>\n<\/td>\n

\n

29-Nov-12<\/p>\n<\/td>\n<\/tr>\n

<\/td>\nMET Capital Advisors<\/td>\n\n

30<\/p>\n<\/td>\n

\n

30-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Christopher Low<\/td>\nFTN Financial<\/td>\n\n

20<\/p>\n<\/td>\n

\n

30-Nov-12<\/p>\n<\/td>\n<\/tr>\n

David Semmens<\/td>\nStandard Chartered<\/td>\n\n

105<\/p>\n<\/td>\n

\n

30-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Peter D’Antonio<\/td>\nCiti<\/td>\n\n

80<\/p>\n<\/td>\n

\n

30-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Neil Dutta<\/td>\nRenaissance Macro Research<\/td>\n\n

50<\/p>\n<\/td>\n

\n

29-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Matteo Radaelli<\/td>\nHammer Partners SA<\/td>\n\n

95<\/p>\n<\/td>\n

\n

30-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Uwe Duerkop<\/td>\nLandesbank Berlin<\/td>\n\n

100<\/p>\n<\/td>\n

\n

30-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Jason Schenker<\/td>\nPrestige Economics<\/td>\n\n

130<\/p>\n<\/td>\n

\n

03-Dec-12<\/p>\n<\/td>\n<\/tr>\n

Scott Brown<\/td>\nRaymond James<\/td>\n\n

110<\/p>\n<\/td>\n

\n

03-Dec-12<\/p>\n<\/td>\n<\/tr>\n

Avery Shenfeld<\/td>\nCIBC World Markets<\/td>\n\n

87<\/p>\n<\/td>\n

\n

30-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Ethan Harris<\/td>\nBofA Merrill Lynch Research<\/td>\n\n

60<\/p>\n<\/td>\n

\n

30-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Chris Rupkey<\/td>\nBank of Tokyo- Mitsubishi UFJ<\/td>\n\n

40<\/p>\n<\/td>\n

\n

03-Dec-12<\/p>\n<\/td>\n<\/tr>\n

Ellen Zentner<\/td>\nNomura Securities Intl.<\/td>\n\n

145<\/p>\n<\/td>\n

\n

30-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Nariman Behravesh<\/td>\nIHS Global Insight<\/td>\n\n

100<\/p>\n<\/td>\n

\n

26-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Steven Ricchiuto<\/td>\nMizuho Securities<\/td>\n\n

125<\/p>\n<\/td>\n

\n

03-Dec-12<\/p>\n<\/td>\n<\/tr>\n

James Shugg<\/td>\nWestpac Banking Co.<\/td>\n\n

70<\/p>\n<\/td>\n

\n

30-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Joshua Shapiro<\/td>\nMaria Fiorini Ramirez Inc.<\/td>\n\n

80<\/p>\n<\/td>\n

\n

30-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Patrick Franke<\/td>\nHelaba<\/td>\n\n

100<\/p>\n<\/td>\n

\n

30-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Hiroki Shimazu<\/td>\nSMBC Nikko Securities<\/td>\n\n

20<\/p>\n<\/td>\n

\n

29-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Knightley\/Carnell\/Brosens<\/td>\nING Financial Markets<\/td>\n\n

145<\/p>\n<\/td>\n

\n

30-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Girard\/Sharif\/Berger<\/td>\nRBS Securities Inc.<\/td>\n\n

75<\/p>\n<\/td>\n

\n

03-Dec-12<\/p>\n<\/td>\n<\/tr>\n

Max Clarke<\/td>\nIDEAglobal<\/td>\n\n

75<\/p>\n<\/td>\n

\n

30-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Jim O’Sullivan<\/td>\nHigh Frequency Economics<\/td>\n\n

80<\/p>\n<\/td>\n

\n

03-Dec-12<\/p>\n<\/td>\n<\/tr>\n

P. de Bruin\/M. Cabezas<\/td>\nABN Amro Inc.<\/td>\n\n

80<\/p>\n<\/td>\n

\n

30-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Stuart Hoffman<\/td>\nPNC Bank<\/td>\n\n

140<\/p>\n<\/td>\n

\n

30-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Kevin Harris<\/td>\nInforma Global Markets<\/td>\n\n

65<\/p>\n<\/td>\n

\n

03-Dec-12<\/p>\n<\/td>\n<\/tr>\n

Crandall\/Jordan<\/td>\nWrightson ICAP<\/td>\n\n

50<\/p>\n<\/td>\n

\n

21-Nov-12<\/p>\n<\/td>\n<\/tr>\n

Stefane Marion<\/td>\nNational Bank Financial<\/td>\n\n

90<\/p>\n<\/td>\n

\n

28-Nov-12<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n

Source: Bloomberg<\/td>\n<\/tr>\n
Sources: Reuters, Bloomberg, Dow Jones, Gallup, Trading Economics<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n
\n

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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

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

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

All times are Eastern time Zone (EST)<\/a><\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Date<\/td>\n4:02pm<\/td>\nCurrency<\/td>\nImpact<\/td>\n<\/td>\nDetail<\/td>\nActual<\/td>\nForecast<\/td>\nPrevious<\/td>\nGraph<\/td>\n<\/tr>\n
Fri<\/p>\n
Dec 7<\/div>\n<\/td>\n
<\/a>\u00a02:45am<\/td>\nEUR<\/td>\n<\/td>\n\n
French Gov Budget Balance<\/div>\n<\/td>\n
<\/td>\n<\/td>\n<\/td>\n-85.0B<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n2:45am<\/td>\nEUR<\/td>\n<\/td>\n\n
French Trade Balance<\/div>\n<\/td>\n
<\/td>\n<\/td>\n-4.9B<\/td>\n-5.0B<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n5:00am<\/td>\nEUR<\/td>\n<\/td>\n\n
ECB President Draghi Speaks<\/div>\n<\/td>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n6:00am<\/td>\nEUR<\/td>\n<\/td>\n\n
German Industrial Production m\/m<\/div>\n<\/td>\n
<\/td>\n<\/td>\n-0.4%<\/td>\n-1.8%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n8:30am<\/td>\nUSD<\/td>\n<\/td>\n\n
Non-Farm Employment Change<\/div>\n<\/td>\n
<\/td>\n<\/td>\n89K<\/td>\n171K<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n8:30am<\/td>\nUSD<\/td>\n<\/td>\n\n
Unemployment Rate<\/div>\n<\/td>\n
<\/td>\n<\/td>\n7.9%<\/td>\n7.9%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n8:30am<\/td>\nUSD<\/td>\n<\/td>\n\n
Average Hourly Earnings m\/m<\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.2%<\/td>\n0.0%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n9:55am<\/td>\nUSD<\/td>\n<\/td>\n\n
Prelim UoM Consumer Sentiment<\/div>\n<\/td>\n
<\/td>\n<\/td>\n82.4<\/td>\n82.7<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n9:55am<\/td>\nUSD<\/td>\n<\/td>\n\n
Prelim UoM Inflation Expectations<\/div>\n<\/td>\n
<\/td>\n<\/td>\n<\/td>\n3.1%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n10:00am<\/td>\nEUR<\/td>\n<\/td>\n\n
German Buba President Weidmann Speaks<\/div>\n<\/td>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n3:00pm<\/td>\nUSD<\/td>\n<\/td>\n\n
Consumer Credit m\/m<\/div>\n<\/td>\n
<\/td>\n<\/td>\n10.4B<\/td>\n11.4B<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
\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.<\/p>\n

 <\/p>\n<\/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 Friday December 7, 2012   […]<\/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":[632,133,63,268,144,630,631],"class_list":["post-4519","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","tag-day-trading-companies","tag-future-brokers","tag-future-trading","tag-futures-trading-company","tag-futures-trading-levels","tag-monthly-unemployment-report","tag-squawk-box"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/4519","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=4519"}],"version-history":[{"count":7,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/4519\/revisions"}],"predecessor-version":[{"id":4523,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/4519\/revisions\/4523"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=4519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=4519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=4519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}