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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.

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 – Corn, Wheat, Beans, Silver
5. Economic Reports for Thursday April 26, 2012

 

Hello Traders,

FOMC came and market continues to rally based on AAPL¬† (Apple) earnings yesterday…

I shared a good hourly chart of the mini NASDAQ yesterday right before the close with a buy signal that turned out to be a good one….Here is an updated mini NASDAQ 100 hourly chart, with potential targets as well as possible pull backs along with two sell signals that were NOT confirmed by price action
(break below or above dashes):,

 

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 – S&P, Nasdaq, Dow Jones, Russell 2000

Contract (June 2012) SP500
(big & Mini)
Nasdaq100
(big & Mini)
Dow Jones
(big & Mini)
Mini Russell
Resistance 3 1397.33 2730.17 13132 827.47
Resistance 2 1392.52 2718.08 13093 820.13
Resistance 1 1390.13 2711.17 13067 814.87
Pivot 1385.32 2699.08 13028 807.53
Support 1 1382.93 2692.17 13002 802.27
Support 2 1378.12 2680.08 12963 794.93
Support 3 1375.73 2673.17 12937 789.67

3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds

Contract June Gold June Euro June Crude Oil June Bonds
Resistance 3 1675.3 1.3314 106.19 143 26/32
Resistance 2 1661.4 1.3276 105.38 143 4/32
Resistance 1 1652.7 1.3250 104.73 142 16/32
Pivot 1638.8 1.3212 103.92 141 26/32
Support 1 1630.1 1.3186 103.27 141 6/32
Support 2 1616.2 1.3148 102.46 140 16/32
Support 3 1607.5 1.3122 101.81 139 28/32

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

Contract July Corn July Wheat July Beans May Silver
Resistance 3 626.8 651.5 1512.33 3214.8
Resistance 2 621.7 646.5 1503.17 3155.7
Resistance 1 611.3 636.5 1489.58 3110.8
Pivot 606.2 631.5 1480.42 3051.7
Support 1 595.8 621.5 1466.8 3006.8
Support 2 590.7 616.5 1457.67 2947.7
Support 3 580.3 606.5 1444.08 2902.8


5. Economic Reports

All Day EUR
German Prelim CPI m/m

3:30am EUR
ECB President Draghi Speaks

8:30am USD
Unemployment Claims

10:00am USD
Pending Home Sales m/m

10:30am USD
Natural Gas Storage

Tags: > > > Posted in: Future Trading News  

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