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 and Silver
5. Economic Reports for Friday, December 2nd, 2011
1. Market Commentary
It’s that time again…first Friday of the month and we have UN-employment figures tomorrow at 7:30 AM central time.
On a different note, if you would like free trial to some of my proprietary indicators, as shown in the chart below from today’s session, then see the chart and comment below on how to get started with a FULL two weeks free trial.
Would you like to have access to my DIAMOND ALGO as shown above and be able to apply for any market and any time frame? The screen shot above is 15 minutes chart of Feb. Gold from today’s session.
If so, please send me an email with the following information:
1. Are you currently trading futures?
2. Charting software you use?
3. If you use sierra or ATcharts, please let me know the user name so I can enable you
4. Markets you currently trading?
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
| Contract (Dec. 2011) | SP500 (big & Mini) |
Nasdaq100 (big & Mini) |
Dow Jones (big & Mini) |
Mini Russell |
| Resistance Level 3 | 1262.17 | 2344.00 | 12148 | 751.23 |
| Resistance Level 2 | 1256.43 | 2330.00 | 12097 | 745.97 |
| Resistance Level 1 | 1250.47 | 2320.00 | 12063 | 739.93 |
| Pivot Point | 1244.73 | 2306.00 | 12012 | 734.67 |
| Support Level 1 | 1238.77 | 2296.00 | 11978 | 728.63 |
| Support Level 2 | 1233.03 | 2282.00 | 11927 | 723.37 |
| Support Level 3 | 1227.07 | 2272.00 | 11893 | 717.33 |
3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds
| Contract | Feb. Gold | Dec. Euro | Jan. Crude Oil | March. Bonds |
| Resistance Level 3 | 1777.3 | 1.3622 | 103.50 | 142 15/32 |
| Resistance Level 2 | 1767.3 | 1.3572 | 102.34 | 141 25/32 |
| Resistance Level 1 | 1757.2 | 1.3517 | 101.20 | 141 8/32 |
| Pivot Point | 1747.2 | 1.3467 | 100.04 | 140 18/32 |
| Support Level 1 | 1737.1 | 1.3412 | 98.90 | 140 1/32 |
| Support Level 2 | 1727.1 | 1.3362 | 97.74 | 139 11/32 |
| Support Level 3 | 1717.0 | 1.3307 | 96.60 | 138 26/32 |
4. Support and Resistance Levels – Corn, Wheat, Beans and Silver
| Contract | March Corn | March Wheat | Jan. Beans | March Silver |
| Resistance Level 3 | 624.2 | 640.8 | 1169.92 | 3432.8 |
| Resistance Level 2 | 618.3 | 632.9 | 1156.83 | 3391.2 |
| Resistance Level 1 | 609.2 | 621.6 | 1142.42 | 3336.3 |
| Pivot Point | 603.3 | 613.7 | 1129.33 | 3294.7 |
| Support Level 1 | 594.2 | 602.3 | 1114.9 | 3239.8 |
| Support Level 2 | 588.3 | 594.4 | 1101.83 | 3198.2 |
| Support Level 3 | 579.2 | 583.1 | 1087.42 | 3143.3 |
5. Economic Reports
PPI
5:00am
Non-Farm Employment change
8:30am
Unemployment Rate
8:30am
Average Hourly Earnings
8:30am
Treasury Currency Report
Tentative