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Support & Resistance Levels

This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.

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1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Friday December 4, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

I will be out over the next couple of weeks. Our daily email will continue, mostly with out any commentary but will include trading levels and reports.Our normal format will resume towards the end of the month.

Below is a chart courtesy of my colleague John Thorpe:

“Battle of the Bond Bulge”

If you like to have a free trial to our free software John used to draw the chart above, click here.

Many ways to trade any market, many ways to lose money in any market and only very few ways to lock in gainsIf you need help creating a trading plan, visit our broker assist services.  
GOOD TRADING

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

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Futures Trading Levels

Contract Dec. 2015 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2139.58 4852.58 18231 1226.87 102.75
Resistance 2 2117.42 4791.42 18050 1213.53 101.67
Resistance 1 2084.33 4701.33 17770 1192.27 99.74
Pivot 2062.17 4640.17 17589 1178.93 98.66
Support 1 2029.08 4550.08 17309 1157.67 96.73
Support 2 2006.92 4488.92 17128 1144.33 95.65
Support 3 1973.83 4398.83 16848 1123.07 93.72
Contract Feb. Gold March Silver Jan. Crude Oil Mar. Bonds Dec.   Euro
Resistance 3 1088.2 14.56 43.64 159 13/32 1.1619
Resistance 2 1076.4 14.35 42.71 157 24/32 1.1301
Resistance 1 1069.1 14.22 41.93 155 2/32 1.1125
Pivot 1057.3 14.01 41.00 153 13/32 1.0807
Support 1 1050.0 13.88 40.22 150 23/32 1.0631
Support 2 1038.2 13.67 39.29 149 2/32 1.0313
Support 3 1030.9 13.54 38.51 146 12/32 1.0137
Contract Mar. Corn Mar. Wheat Jan Beans Jan. SoyMeal Jan. Nat Gas
Resistance 3 391.0 504.5 915.00 294.40 2.28
Resistance 2 384.5 494.3 906.50 291.40 2.24
Resistance 1 380.8 486.5 902.00 289.40 2.22
Pivot 374.3 476.3 893.50 286.40 2.17
Support 1 370.5 468.5 889.0 284.4 2.1
Support 2 364.0 458.3 880.50 281.40 2.10
Support 3 360.3 450.5 876.00 279.40 2.08
Economic Reports

source:http://www.forexfactory.com/calendar.php

All times are Eastern time Zone (EST)

Date 4:20pm Currency Impact Detail Actual Forecast Previous Graph
FriDec 4  2:00am EUR German Factory Orders m/m 1.3% -1.7%
4:10am EUR Retail PMI 51.3
All Day ALL OPEC Meetings
8:30am USD Average Hourly Earnings m/m 0.2% 0.4%
USD Non-Farm Employment Change 201K 271K
USD Unemployment Rate 5.0% 5.0%
USD Trade Balance -40.6B -40.8B

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading.

 

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