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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.

In this post:

1. Market Commentary
2. Support and Resistance Levels
3. Economic Reports

1. Market Commentary

FRONT MONTH FOR EQUITIES AND BONDS IS DECEMBER

SYMBOL FOR DECEMBER IS Z

Good article on our weekly futures newsletter regarding “knowing your risk”

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.

2. SUPPORT AND RESISTANCE LEVELS!

Contract (Sept. 2011) SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1241.00 2344.50 11734 751.47
Resistance 2 1218.50 2308.75 11525 730.33
Resistance 1 1200.50 2277.50 11349 714.17
Pivot 1178.00 2241.75 11140 693.03
Support 1 1160.00 2210.50 10964 676.87
Support 2 1137.50 2174.75 10755 655.73
Support 3 1119.50 2143.50 10579 639.57

 

Contract Dec. Gold Sept. Euro Oct. Crude Oil Dec. Bonds
Resistance 3 1858.3 1.4017 91.82 142 16/32
Resistance 2 1847.3 1.3900 91.04 141 22/32
Resistance 1 1835.2 1.3825 89.78 141 4/32
Pivot 1824.2 1.3708 89.00 140 10/32
Support 1 1812.1 1.3633 87.74 139 24/32
Support 2 1801.1 1.3516 86.96 138 30/32
Support 3 1789.0 1.3441 85.70 138 12/32

3. Economic Reports for Thursday August 15th, 2011

Core CPI m/m
8:30am USD

Unemployment Claims
8:30am USD

CPI m/m
8:30am USD

Current Account
8:30am USD

Empire State Manufacturing Index
8:30am USD

Fed Chairman Bernanke Speaks
8:45am USD

Capacity Utilization Rate
9:15am USD

Industrial Production m/m
9:15am USD

Philly Fed Manufacturing Index
10:00am USD

Natural Gas Storage
10:30am USD

FOMC Member Tarullo Speaks
1:45pm USD

Economics Report Source: http://www.forexfactory.com/calendar.php

Tags: > Posted in: Future Trading News  

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