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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.

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1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Tuesday November 12, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

Extremely quiet day in the markets with US banks closed in observance of Veteran’s day.

I expect volume and volatility to return tomorrow. I guess it is always easier to look back and have hindsight in your favor …. but traders coming into today should have noted a few things:

  • Bank Holiday
  • Lighter volume
  • Inability of the market to break overnight highs/lows

 

The conclusions could have been:

  • Trade lightly or avoid trading
  • Understanding there is a high chance for range bound market ( sell close to previous session highs, buy close to previous session lows)
  • and/or look at other markets, perhaps crude oil, perhaps soybeans etc.

 

Again, much easier for me to say so right now when the market about to close but maybe the thought process will help you the next time.

PS: Here is another advantage of writing a trading journal. Next time we have a bank holiday, your notes may come in handy.

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.

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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.

If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

Futures Trading Levels

Contract Dec. 2013  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell Dollar Index
Resistance 3 1778.58 3385.67 15818 1113.03 81.62
Resistance 2 1774.42 3375.58 15781 1107.27 81.52
Resistance 1 1771.08 3365.67 15752 1103.33 81.33
Pivot 1766.92 3355.58 15715 1097.57 81.23
Support 1 1763.58 3345.67 15686 1093.63 81.04
Support 2 1759.42 3335.58 15649 1087.87 80.94
Support 3 1756.08 3325.67 15620 1083.93 80.75
Contract Dec. Gold Dec. Silver Dec. Crude Oil Dec. Bonds  Dec. Euro
Resistance 3 1299.2 2168.7 96.87 132  3/32 1.3511
Resistance 2 1294.0 2156.8 96.13 131 29/32 1.3465
Resistance 1 1288.5 2146.7 95.60 131 21/32 1.3439
Pivot 1283.3 2134.8 94.86 131 15/32 1.3393
Support 1 1277.8 2124.7 94.33 131  7/32 1.3367
Support 2 1272.6 2112.8 93.59 131  1/32 1.3321
Support 3 1267.1 2102.7 93.06 130 25/32 1.3295
Contract Dec Corn Dec. Wheat Jan .Beans Dec. SoyMeal Dec. bean Oil
Resistance 3 445.2 661.7 1322.17 431.50 40.91
Resistance 2 441.1 658.6 1313.33 427.70 40.73
Resistance 1 437.9 652.4 1307.17 424.90 40.57
Pivot 433.8 649.3 1298.33 421.10 40.39
Support 1 430.7 643.2 1292.2 418.3 40.2
Support 2 426.6 640.1 1283.33 414.50 40.05
Support 3 423.4 633.9 1277.17 411.70 39.89
For complete contract specifications for the futures markets listed above click here!

5. Economic Reports

source:http://www.forexfactory.com/calendar.php

All times are Eastern time Zone (EST)

 

Date 4:14pm Currency Impact Detail Actual Forecast Previous Graph
TueNov 12  2:00am EUR German Final CPI m/m -0.2% -0.2%
EUR German WPI m/m 0.3% 0.7%
7:30am USD NFIB Small Business Index 93.5 93.9

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading 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.

 

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