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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.

Futures Trading Systems, Futures Levels & Economic Reports 12.11.13

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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 Wednesday December 11, 2013

Hello Traders,

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

A quick note about trading systems.

I know most of you are what i consider self directed traders. You like to make your own decisions of when to buy/ sell/ markets etc.

Some of you may have tried different automated trading systems in the past and some may be currently trading some systems. i think that if one has the risk capital and does the due diligence, there are some good systems out there which can be used as diversification to your own trading and/ or as a form of more aggressive investment.

I do want to bring to your attention two trading systems I personally really like and have been impressed with the results.

One is a medium term system/model that works with seasonal spreads. We have clients in this office who been trading these spreads for years and will be more than happy to share additional details for those of you who are interested.

The second is a day trading system that finishes each day flat. It does not trade often, avg of about 2 trades a day. it picks trades from about 20 different futures markets and is offered as auto trade here at cannon trading. Again, I am quite impressed with the results so far and will be happy to share more with interested clients prospects.

Please email me with any questions/ interest on the topic above and I will be happy to assist!

I was informed  that our blog is being nominated for the STAR award by traderplanet.com which is very nice to hear and know that the work and amount of time we put into it is not going unnoticed!

I have gotten and getting great feedback from many of you and would appreciate if you can take a couple of seconds to vote at:



If you like the information we share? We would appreciate your positive reviews on our new yelp!!


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 1819.50 3541.25 16113 1145.23 80.45
Resistance 2 1815.50 3532.75 16080 1139.27 80.30
Resistance 1 1809.00 3524.75 16028 1129.63 80.12
Pivot 1805.00 3516.25 15995 1123.67 79.98
Support 1 1798.50 3508.25 15943 1114.03 79.80
Support 2 1794.50 3499.75 15910 1108.07 79.65
Support 3 1788.00 3491.75 15858 1098.43 79.47
Contract Feb. Gold Mar. Silver Jan. Crude Oil Mar. Bonds  Dec. Euro
Resistance 3 1303.8 2132.3 100.57 130 31/32 1.3859
Resistance 2 1285.6 2087.7 99.66 130 21/32 1.3827
Resistance 1 1273.7 2063.3 99.07 130 14/32 1.3798
Pivot 1255.5 2018.7 98.16 130  4/32 1.3766
Support 1 1243.6 1994.3 97.57 129 29/32 1.3737
Support 2 1225.4 1949.7 96.66 129 19/32 1.3705
Support 3 1213.5 1925.3 96.07 129 12/32 1.3676
Contract Dec Corn March Wheat Jan .Beans Jan. SoyMeal Jan. bean Oil
Resistance 3 446.8 650.0 1371.58 452.87 40.87
Resistance 2 442.7 647.8 1362.42 448.63 40.64
Resistance 1 439.3 643.3 1350.33 443.47 40.37
Pivot 435.2 641.0 1341.17 439.23 40.14
Support 1 431.8 636.5 1329.1 434.1 39.9
Support 2 427.7 634.3 1319.92 429.83 39.64
Support 3 424.3 629.8 1307.83 424.67 39.37
For complete contract specifications for the futures markets listed above click here!

5. Economic Reports


All times are Eastern time Zone (EST)


Date 4:17pm Currency Impact Detail Actual Forecast Previous Graph
WedDec 11  1:30am EUR French Final Non-Farm Payrolls q/q -0.1% -0.1%
2:00am EUR German Final CPI m/m 0.2% 0.2%
10:00am USD Treasury Sec Lew Speaks
10:30am USD Crude Oil Inventories -2.2M -5.6M
1:01pm USD 10-y Bond Auction 2.75|2.7
2:00pm USD Federal Budget Balance -142.6B -91.6B

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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