Last Trading Day of The Year | Support and Resistance Levels
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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 Reports for Thursday, December 29 2011
1. Market Commentary
Last trading day for 2011 is tomorrow, I expect another thin volume day but sometimes, last trading day of the month/ year on thin volume can create some volatility.
Holiday Hours available at:
New Year’s 2012 Futures Trading Hours and Holiday Trading Schedule
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
| Contract (Dec. 2011) | SP500 (big & Mini) |
Nasdaq100 (big & Mini) |
Dow Jones (big & Mini) |
Mini Russell |
| Resistance Level 3 | 1270.43 | 2309.00 | 12349 | 755.83 |
| Resistance Level 2 | 1263.97 | 2294.50 | 12279 | 749.47 |
| Resistance Level 1 | 1260.73 | 2287.00 | 12244 | 746.13 |
| Pivot Point | 1254.27 | 2272.50 | 12174 | 739.77 |
| Support Level 1 | 1251.03 | 2265.00 | 12139 | 736.43 |
| Support Level 2 | 1244.57 | 2250.50 | 12069 | 730.07 |
| Support Level 3 | 1241.33 | 2243.00 | 12034 | 726.73 |
3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds
| Contract | Feb. Gold | Dec. Euro | Jan. Crude Oil | March. Bonds |
| Resistance Level 3 | 1569.5 | 1.3104 | 101.93 | 145 25/32 |
| Resistance Level 2 | 1556.4 | 1.3037 | 100.93 | 145 8/32 |
| Resistance Level 1 | 1552.6 | 1.3003 | 100.31 | 144 29/32 |
| Pivot Point | 1539.5 | 1.2936 | 99.31 | 144 12/32 |
| Support Level 1 | 1535.7 | 1.2902 | 98.69 | 144 1/32 |
| Support Level 2 | 1522.6 | 1.2835 | 97.69 | 143 16/32 |
| Support Level 3 | 1518.8 | 1.2801 | 97.07 | 143 5/32 |
4. Support & Resistance Levels for Corn, Wheat, Beans and Silver
5. Economic ReportsFrench Bank Holiday
All DayItalian Bank Holiday
All DayFinal Manufacturing PMI
4:00amBank Holiday
All Day
| Contract | March Corn | March Wheat | Jan. Beans | March. Silver |
| Resistance Level 3 | 654.1 | 663.8 | 1226.50 | 2944.3 |
| Resistance Level 2 | 649.9 | 659.2 | 1219.00 | 2850.2 |
| Resistance Level 1 | 643.6 | 651.1 | 1208.00 | 2802.8 |
| Pivot Point | 639.4 | 646.4 | 1200.50 | 2708.7 |
| Support Level 1 | 633.1 | 638.3 | 1189.5 | 2661.3 |
| Support Level 2 | 628.9 | 633.7 | 1182.00 | 2567.2 |
| Support Level 3 | 622.6 | 625.6 | 1171.00 | 2519.8 |
