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 – March Corn, March Wheat, Jan Beans, March Silver
5. Economic Reports for Friday, December 16, 2011
1. Market Commentary
Gold has been the leader of the general markets last few days.
I tried sending a chart of gold yesterday but the wrong chart went out, so lets try this again:
Daily chart of Feb Gold for your review below –
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 | 1230.17 | 2275.33 | 11965 | 737.93 |
| Resistance Level 2 | 1224.83 | 2262.67 | 11925 | 727.07 |
| Resistance Level 1 | 1218.67 | 2245.33 | 11870 | 719.83 |
| Pivot Point | 1213.33 | 2232.67 | 11830 | 708.97 |
| Support Level 1 | 1207.17 | 2215.33 | 11775 | 701.73 |
| Support Level 2 | 1201.83 | 2202.67 | 11735 | 690.87 |
| Support Level 3 | 1195.67 | 2185.33 | 11680 | 683.63 |
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 | 1622.2 | 1.3156 | 97.91 | 145 10/32 |
| Resistance Level 2 | 1609.0 | 1.3103 | 96.95 | 144 29/32 |
| Resistance Level 1 | 1588.9 | 1.3063 | 95.28 | 144 17/32 |
| Pivot Point | 1575.7 | 1.3010 | 94.32 | 144 4/32 |
| Support Level 1 | 1555.6 | 1.2970 | 92.65 | 143 24/32 |
| Support Level 2 | 1542.4 | 1.2917 | 91.69 | 143 11/32 |
| Support Level 3 | 1522.3 | 1.2877 | 90.02 | 142 31/32 |
4. Support & Resistance Levels for Corn, Wheat, Beans and Silver
| Contract | March Corn | March Wheat | Jan. Beans | March. Silver |
| Resistance Level 3 | 591.7 | 597.0 | 1133.00 | 3069.7 |
| Resistance Level 2 | 587.8 | 592.5 | 1123.50 | 2999.8 |
| Resistance Level 1 | 583.9 | 586.3 | 1119.25 | 2951.7 |
| Pivot Point | 580.1 | 581.8 | 1109.75 | 2881.8 |
| Support Level 1 | 576.2 | 575.5 | 1105.5 | 2833.7 |
| Support Level 2 | 572.3 | 571.0 | 1096.00 | 2763.8 |
| Support Level 3 | 568.4 | 564.8 | 1091.75 | 2715.7 |
5. Economic Reports
Core CPI
8:30am
CPI
8:30
FOMC Member Evans Speaks
11:15am
FOMC Member Fisher Speaks
12:00pm