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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.

“Motto” for the month: “Plan your trade, trade your plan”

With a new month starting, I thought I would share a monthly chart of the SP500 CASH INDEX.

Notice the FIBONACCI levels and how price action is so far respecting these levels.

Make it a great trading month in December.

SP-500-Day-Trading-2010-12-01

GOOD TRADING!

Trading Levels

futures-trading-levels-20101201

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

Wednesday, December 1st 2010 — All reports are EST time

Challenger Job Cuts y/y
7:30am USD

ADP Non-Farm Employment Change
8:15am USD

Revised Nonfarm Productivity q/q
8:30am USD

Revised Unit Labor Costs q/q
8:30am USD

FOMC Member Yellen Speaks
9:10am USD

ISM Manufacturing PMI
10:00am USD

Construction Spending m/m
10:00am USD

ISM Manufacturing Prices
10:00am USD

Crude Oil Inventories
10:30am USD

Total Vehicle Sales
All Day USD

Beige Book
2:00pm USD

Treasury Currency Report
Tentative USD

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Company, Inc. Any statement of facts herein 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!

Tags: > > > Posted in: Future Trading News   | Futures Exchange  

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