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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.

In this post:

1. Market Commentary
2. Support and Resistance Levels
3. Economic Reports

1. Market Commentary

Last trading day of the month is upon us and for October I would like to wish everyone a month full of trading patience, of wise money management, of disciplined trading and “picky” trades.

If you will be able to control yourself and implement what I mentioned above, it should be a successful trading month!

GOOD TRADING!

2. SUPPORT AND RESISTANCE LEVELS!

Contract (Dec. 2011) SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1209.50 2355.92 11544 699.80
Resistance 2 1189.75 2307.83 11372 683.80
Resistance 1 1173.00 2248.67 11235 673.30
Pivot 1153.25 2200.58 11063 657.30
Support 1 1136.50 2141.42 10926 646.80
Support 2 1116.75 2093.33 10754 630.80
Support 3 1100.00 2034.17 10617 620.30

 

Contract Dec. Gold Dec. Euro Nov. Crude Oil Dec. Bonds
Resistance 3 1660.7 1.3827 88.99 143 10/32
Resistance 2 1646.8 1.3751 86.49 142 24/32
Resistance 1 1633.8 1.3665 84.65 142
Pivot 1619.9 1.3589 82.15 141 14/32
Support 1 1606.9 1.3503 80.31 140 22/32
Support 2 1593.0 1.3427 77.81 140 4/32
Support 3 1580.0 1.3341 75.97 139 12/32

3. Economic Reports for Friday September 30, 2011

Core PCE Price Index m/m
8:30am

Personal Spending m/m
8:30am

Personal Income m/m
8:30am

Chicago PMI
9:45am

Revised UoM Consumer Sentiment
9:55am

Revised UoM Inflation Expectations
9:55am

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

Tags: > Posted in: Trading Guide  

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