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March Crude Oil Futures | Support and Resistance Levels

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 February 10, 2012

1. Market Commentary

Hello Traders,

With stock index futures being relatively quiet, I am sharing a daily chart of March Crude Oil futures where volatility is still present.

My outlook on the daily chart is that a break above the trend line seen ( 100.34) can trigger more upside potential. On the other hand failure and a break of 98 going down can trigger new lows.

Market Commentary

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 (Dec. 2011) SP500
(big & Mini)
Nasdaq100
(big & Mini)
Dow Jones
(big & Mini)
Mini Russell
Resistance Level 3 1363.00 2599.00 12957 843.33
Resistance Level 2 1357.05 2582.50 12918 837.27
Resistance Level 1 1352.90 2571.50 12887 830.13
Pivot Point 1346.95 2555.00 12848 824.07
Support Level 1 1342.80 2544.00 12817 816.93
Support Level 2 1336.85 2527.50 12778 810.87
Support Level 3 1332.70 2516.50 12747 803.73

3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds

Contract April. Gold March Euro Feb. Crude Oil March. Bonds
Resistance Level 3 1775.6 1.3443 101.90 143 11/32
Resistance Level 2 1765.6 1.3384 101.04 142 20/32
Resistance Level 1 1748.2 1.3334 100.38 142 4/32
Pivot Point 1738.2 1.3275 99.52 141 13/32
Support Level 1 1720.8 1.3225 98.86 140 29/32
Support Level 2 1710.8 1.3166 98.00 140 6/32
Support Level 3 1693.4 1.3116 97.34 139 22/32

4. Support & Resistance Levels for Corn, Wheat, Beans and Silver

Contract March Corn March Wheat March Beans March. Silver
Resistance Level 3 667.3 673.3 1266.00 3508.3
Resistance Level 2 659.7 667.7 1256.50 3476.7
Resistance Level 1 648.3 656.8 1242.00 3430.8
Pivot Point 640.7 651.2 1232.50 3399.2
Support Level 1 629.3 640.3 1218.0 3353.3
Support Level 2 621.7 634.7 1208.50 3321.7
Support Level 3 610.3 623.8 1194.00 3275.8


5. Economic Reports

French Industrial Production
2:45am

Italian Industrial Production
4:00am

Trade Balance
8:30am

Prelim UoM Consumer Sentiment
9:55am

Inflation Expectations
9:55am

Fed Chairman Bernanke Speaks
12:30pm

FOMC Member Pianalto Speaks
12:50pm

Federal Budget Balance
2:00pm

Tags: > > Posted in: Commodity Brokers   | Commodity Trading   | Future Trading News   | Futures Trading  

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