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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.

Busy day ahead tomorrow with significant reports through out the day. Markets are closed Thursday in observance of Thanksgiving and then open half day on Friday.

Overnight news from N Korea and Europe definitely had much bigger on the markets than any technical chart formations…but “looking forward” we sometimes have to look back in trying to project price action.

Levels for your review on the daily mini SP 500 chart below. 1151 is first major support in case declines continues.

SP-500-Day-Trading-2010-11-24

GOOD TRADING!

Trading Levels

futures-trading-levels-20101124

This Week’s Calendar from Econoday.Com
All reports are EST time

Another great source for economic reports around the globe with “report importance indicator” at: http://www.forexfactory.com/calendar.php

Wednesday, November 24th 2010 – http://mam.econoday.com/byweek.asp?cust=mam

Core Durable Goods Orders m/m
8:30am USD

Unemployment Claims
8:30am USD

Core PCE Price Index m/m
8:30am USD

Durable Goods Orders m/m
8:30am USD

Personal Spending m/m
8:30am USD

Personal Income m/m
8:30am USD

Revised UoM Consumer Sentiment
9:55am USD

Revised UoM Inflation Expectations
9:55am USD

New Home Sales
10:00am USD

HPI m/m
10:00am USD

Crude Oil Inventories
10:30am USD

Natural Gas Storage
12:00pm 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 Broker   | Futures Exchange   | Futures Trading  

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