Weekly Newsletters, Futures Trading Tips & Insight, Commodity Trading Educational Resources & Much More.
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. Economic Reports for Tuesday, December 6, 2011
1. Market Commentary
December 2011 to March 2012 Rollover Notice
Please note that Equity Indices products; TF, ES, NQ, EMD and YM roll on Thursday the 8th at 8:30 am Chicago time from the December 2011 contract to the March 2012 contract. The month code for March is ‘H’.
It is recommended that all new positions be placed in the March contract as of Thursday’s trade date.
Please close any open December Currencies positions by the close on Friday, December 16th.
Should you have any further questions please contact your futures broker.
On a different topic
The first video of a series of trading videos Cannon Trading is planning to produce is on the air!
This specific video shares a set up of overbought/oversold Algorithm and how you can set up one of our trading platforms to have automatic exits. Worth taking a few minutes of your time to watch.
If after you watch the video , you would like a trial of the custom studies/ charts or trading platform shown, please let me know.
If you have any specific topics you would like to see videos of, please email me.
http://www.youtube.com/watch?v=qhP-mtpTvE4
| Contract (Dec. 2011) | SP500 (big & Mini) |
Nasdaq100 (big & Mini) |
Dow Jones (big & Mini) |
Mini Russell |
| Resistance Level 3 | 1294.70 | 2380.33 | 12485 | 779.63 |
| Resistance Level 2 | 1280.60 | 2355.67 | 12365 | 766.27 |
| Resistance Level 1 | 1272.30 | 2341.83 | 12295 | 756.73 |
| Pivot Point | 1258.20 | 2317.17 | 12175 | 743.37 |
| Support Level 1 | 1249.90 | 2303.33 | 12105 | 733.83 |
| Support Level 2 | 1235.80 | 2278.67 | 11985 | 720.47 |
| Support Level 3 | 1227.50 | 2264.83 | 11915 | 710.93 |
| Contract | Feb. Gold | Dec. Euro | Jan. Crude Oil | March. Bonds |
| Resistance Level 3 | 1774.0 | 1.3568 | 104.11 | 143 15/32 |
| Resistance Level 2 | 1759.7 | 1.3511 | 103.03 | 142 23/32 |
| Resistance Level 1 | 1752.7 | 1.3465 | 101.84 | 142 6/32 |
| Pivot Point | 1738.4 | 1.3408 | 100.76 | 141 14/32 |
| Support Level 1 | 1731.4 | 1.3362 | 99.57 | 140 29/32 |
| Support Level 2 | 1717.1 | 1.3305 | 98.49 | 140 5/32 |
| Support Level 3 | 1710.1 | 1.3259 | 97.30 | 139 20/32 |
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