New Video | Support and Resistance Levels
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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 Report for February 15, 2012
1. Market Commentary
Hello Traders,
About 6-7 minutes video is now posted on how to use the trailing stop feature in our AT ( Active Trader) platform, along with small example of how I use overbought/ oversold conditions along with support and resistance to enter trades.
Any feedback is welcomed as we plan on producing additional educational videos
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 | 1356.83 | 2587.17 | 12903 | 835.20 |
| Resistance Level 2 | 1351.77 | 2577.83 | 12862 | 830.10 |
| Resistance Level 1 | 1348.13 | 2572.67 | 12838 | 823.40 |
| Pivot Point | 1343.07 | 2563.33 | 12797 | 818.30 |
| Support Level 1 | 1339.43 | 2558.17 | 12773 | 811.60 |
| Support Level 2 | 1334.37 | 2548.83 | 12732 | 806.50 |
| Support Level 3 | 1330.73 | 2543.67 | 12708 | 799.80 |
3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds
| Contract | April. Gold | March Euro | Feb. Crude Oil | March. Bonds |
| Resistance Level 3 | 1744.4 | 1.3329 | 103.37 | 144 31/32 |
| Resistance Level 2 | 1737.1 | 1.3274 | 102.60 | 144 9/32 |
| Resistance Level 1 | 1728.3 | 1.3191 | 101.81 | 143 27/32 |
| Pivot Poing | 1721.0 | 1.3136 | 101.04 | 143 5/32 |
| Support Level 1 | 1712.2 | 1.3053 | 100.25 | 142 23/32 |
| Support Level 2 | 1704.9 | 1.2998 | 99.48 | 142 1/32 |
| Support Level 3 | 1696.1 | 1.2915 | 98.69 | 141 19/32 |
4. Support & Resistance Levels for Corn, Wheat, Beans and Silver
| Contract | March Corn | March Wheat | March Beans | March. Silver |
| Resistance Level 3 | 647.1 | 647.2 | 1272.50 | 3436.2 |
| Resistance Level 2 | 643.7 | 644.3 | 1267.00 | 3410.3 |
| Resistance Level 1 | 638.6 | 639.7 | 1261.00 | 3377.2 |
| Pivot Point | 635.2 | 636.8 | 1255.50 | 3351.3 |
| Support Level 1 | 630.1 | 632.2 | 1249.5 | 3318.2 |
| Support Level 2 | 626.7 | 629.3 | 1244.00 | 3292.3 |
| Support Level 3 | 621.6 | 624.7 | 1238.00 | 3259.2 |
5. Economic Reports
2:00am EUR
German Prelim GDP q/q
4:00am EUR
Italian Prelim GDP q/q
All Day EUR
ECOFIN Meetings
5:00am EUR
Flash GDP q/q
5:00am EUR
Trade Balance
8:30am USD
Empire State Manufacturing Index
9:00am USD
TIC Long-Term Purchases
9:15am USD
Capacity Utilization Rate
9:15am USD
Industrial Production m/m
10:00am USD
NAHB Housing Market Index
10:30am USD
Crude Oil Inventories
2:00pm USD
FOMC Meeting Minutes
