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 April 5, 2012
Hello Traders,
Our weekly newsletter with trading schedule for this coming Friday ( only some markets are open Thursday night and by 8:15 AM central time Friday morning, all markets will be closed until Sunday evening SO MAKE SURE YOU VIEW THE MODIFIED TRADING SCHEDULE and contact your broker with any questions)
Also two videos you can view from our weekly newsletter on using trailing stops and oversold/ overbought indicators. https://www.cannontrading.com/community/newsletter/holiday-trading-schedule-advanced-charting-package
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
| Contract (June 2012) | SP500 (big & Mini) |
Nasdaq100 (big & Mini) |
Dow Jones (big & Mini) |
Mini Russell |
| Resistance 3 | 1407.83 | 2793.00 | 13117 | 845.43 |
| Resistance 2 | 1403.07 | 2776.00 | 13075 | 838.07 |
| Resistance 1 | 1398.53 | 2758.00 | 13043 | 827.93 |
| Pivot | 1393.77 | 2741.00 | 13001 | 820.57 |
| Support 1 | 1389.23 | 2723.00 | 12969 | 810.43 |
| Support 2 | 1384.47 | 2706.00 | 12927 | 803.07 |
| Support 3 | 1379.93 | 2688.00 | 12895 | 792.93 |
3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds
| Contract | June Gold | June Euro | May Crude Oil | June Bonds |
| Resistance 3 | 1678.7 | 1.3355 | 106.79 | 139 8/32 |
| Resistance 2 | 1664.1 | 1.3300 | 105.46 | 138 15/32 |
| Resistance 1 | 1642.2 | 1.3222 | 103.75 | 137 31/32 |
| Pivot | 1627.6 | 1.3167 | 102.42 | 137 6/32 |
| Support 1 | 1605.7 | 1.3089 | 100.71 | 136 22/32 |
| Support 2 | 1591.1 | 1.3034 | 99.38 | 135 29/32 |
| Support 3 | 1569.2 | 1.2956 | 97.67 | 135 13/32 |
4. Support & Resistance Levels for Corn, Wheat, Beans and Silver
| Contract | May Corn | May Wheat | May Beans | May Silver |
| Resistance 3 | 673.3 | 656.3 | 1450.33 | 3400.0 |
| Resistance 2 | 667.9 | 652.9 | 1439.67 | 3334.0 |
| Resistance 1 | 662.3 | 646.1 | 1429.58 | 3230.0 |
| Pivot | 656.9 | 642.7 | 1418.92 | 3164.0 |
| Support 1 | 651.3 | 635.8 | 1408.8 | 3060.0 |
| Support 2 | 645.9 | 632.4 | 1398.17 | 2994.0 |
| Support 3 | 640.3 | 625.6 | 1388.08 | 2890.0 |
5. Economic Reports
6:00am EUR
German Industrial Production m/m
7:30am USD
Challenger Job Cuts y/y
8:30am USD
Unemployment Claims
10:30am USD
Natural Gas Storage
https://www.cannontrading.com/community/newsletter/holiday-trading-schedule-advanced-charting-package