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Daily Chart of the Mini SP 500 | Support and Resistance Levels

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 Thursday, January 4, 2012

1. Market Commentary

The New year started but seems that some trades are still away from the markets as volume is still considerably lower than average. Today’s trading in mini SP is a good example, choppy trade, less than 1.4 Mil contracts and market end up pretty much unchanged….

I am including a daily chart of the mini SP 500 for your review. I suspect that more volume and volatility will return to the markets in the next few days.

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 1287.17 2363.33 12468 763.27
Resistance Level 2 1280.43 2346.67 12415 757.53
Resistance Level 1 1276.47 2336.33 12386 751.27
Pivot Point 1269.73 2319.67 12333 745.53
Support Level 1 1265.77 2309.33 12304 739.27
Support Level 2 1259.03 2292.67 12251 733.53
Support Level 3 1255.07 2282.33 12222 727.27

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 1645.9 1.3229 105.89 144 31/32
Resistance Level 2 1631.9 1.3155 104.81 144 11/32
Resistance Level 1 1622.4 1.3053 104.03 143 12/32
Pivot Point 1608.4 1.2979 102.95 142 24/32
Support Level 1 1598.9 1.2877 102.17 141 25/32
Support Level 2 1584.9 1.2803 101.09 141 5/32
Support Level 3 1575.4 1.2701 100.31 140 6/32

4. Support & Resistance Levels for Corn, Wheat, Beans and Silver

Contract March Corn March Wheat Jan. Beans March. Silver
Resistance Level 3 666.2 663.7 1248.42 3047.0
Resistance Level 2 662.8 660.3 1241.83 3010.5
Resistance Level 1 660.7 655.2 1235.92 2963.0
Pivot Point 657.3 651.8 1229.33 2926.5
Support Level 1 655.2 646.7 1223.4 2879.0
Support Level 2 651.8 643.3 1216.83 2842.5
Support Level 3 649.7 638.2 1210.92 2795.0


5. Economic Reports

German Retail Sales
2:00am

Italian Monthly Unemployment Rate
4:00am

Italian Quarterly Unemployment Rate
4:00am

Industrial New Orders
5:00am

PPI
5:00am

Challenger Job Cuts
7:30am

ADP Non-Farm Employment Change
8:15am

Unemployment Claims
8:30am

ISM Non-Manufacturing PMU
10:00am

Natural Gas Storage
10:30am

Crude Oil Inventories
11:00am

Tags: > Posted in: Commodity Brokers   | Futures Trading   | Metal Futures  

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