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 – March Corn, March Wheat, Jan Beans, March Silver
5.Economic Report for March 29, 2012
Hello Traders,
Gold front month is now JUNE. make sure you stop trading April and start trading June Gold.
Talking about gold, below you will see my intraday chart set up for gold along with my own settings, ALGO and studies I like to use for daytrading gold.
Would you like to have access to my DIAMOND and TOPAZ ALGOs as shown above
and be able to apply for any market and any time frame on your own PC ? You can now have a two weeks free trial where I enable the ALGO along with few studies for your own sierra/ ATcharts.
If so, please send me an email with the following information:
1. Are you currently trading futures?
2. Charting software you use?
3. If you use sierra or ATcharts, please let me know the user name so I can enable you
4. Markets you currently trading?
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 | 1416.00 | 2800.00 | 13224 | 852.73 |
| Resistance 2 | 1407.80 | 2783.50 | 13152 | 843.97 |
| Resistance 1 | 1402.90 | 2770.50 | 13114 | 836.53 |
| Pivot | 1394.70 | 2754.00 | 13042 | 827.77 |
| Support 1 | 1389.80 | 2741.00 | 13004 | 820.33 |
| Support 2 | 1381.60 | 2724.50 | 12932 | 811.57 |
| Support 3 | 1376.70 | 2711.50 | 12894 | 804.13 |
3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds
| Contract | June Gold | June Euro | May Crude Oil | June Bonds |
| Resistance 3 | 1688.3 | 1.3442 | 108.78 | 140 9/32 |
| Resistance 2 | 1676.4 | 1.3397 | 107.24 | 139 21/32 |
| Resistance 1 | 1668.1 | 1.3348 | 105.21 | 139 9/32 |
| Pivot | 1656.2 | 1.3303 | 103.67 | 138 21/32 |
| Support 1 | 1647.9 | 1.3254 | 101.64 | 138 9/32 |
| Support 2 | 1636.0 | 1.3209 | 100.10 | 137 21/32 |
| Support 3 | 1627.7 | 1.3160 | 98.07 | 137 9/32 |
4. Support & Resistance Levels for Corn, Wheat, Beans and Silver
| Contract | May Corn | May Wheat | May Beans | May Silver |
| Resistance 3 | 633.3 | 640.7 | 1393.33 | 3309.8 |
| Resistance 2 | 627.2 | 634.8 | 1384.17 | 3268.2 |
| Resistance 1 | 615.6 | 623.7 | 1369.83 | 3246.3 |
| Pivot | 609.4 | 617.8 | 1360.67 | 3204.7 |
| Support 1 | 597.8 | 606.7 | 1346.3 | 3182.8 |
| Support 2 | 591.7 | 600.8 | 1337.17 | 3141.2 |
| Support 3 | 580.1 | 589.7 | 1322.83 | 3119.3 |
5. Economic Reports
2:00am EUR
German Retail Sales m/m
2:45am EUR
French Consumer Spending m/m
5:00am EUR
CPI Flash Estimate y/y
5:00am EUR
Italian Prelim CPI m/m
Day 1 EUR
ECOFIN Meetings
8:30am USD
Core PCE Price Index m/m
8:30am USD
Personal Spending m/m
8:30am USD
Personal Income m/m
9:45am USD
Chicago PMI
9:55am USD
Revised UoM Consumer Sentiment
9:55am USD
Revised UoM Inflation Expectations