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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.

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 Friday, December 23, 2011

1. Market Commentary

Holiday schedule for this Friday through Tuesday for your review below. Please contact your broker with any questions. This is one of the few times where many markets will be closed from Friday afternoon until early Tuesday morning, so please review schedule below.

Also, I mentioned before and I am mentioning again, volume is much lighter recent days and i suspect that the same will happen next Thursday/ Friday. Be aware of the change in “intra-day personalities of the markets” and I recommend taking the approach of “no trade is better than a bad trade”….

View the Holiday Trading Hours here.

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 1262.33 2285.67 12188 758.10
Resistance Level 2 1255.92 2274.33 12152 752.00
Resistance Level 1 1251.83 2268.67 12128 746.90
Pivot Point 1245.42 2257.33 12092 740.80
Support Level 1 1241.33 2251.67 12068 735.70
Support Level 2 1234.92 2240.33 12032 729.60
Support Level 3 1230.83 2234.67 12008 724.50

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 1629.9 1.3224 101.74 144 19/32
Resistance Level 2 1622.3 1.3179 100.90 144 10/32
Resistance Level 1 1614.3 1.3120 100.20 143 26/32
Pivot Point 1606.7 1.3075 99.36 143 17/32
Support Level 1 1598.7 1.3016 98.66 143 1/32
Support Level 2 1591.1 1.2971 97.82 142 24/32
Support Level 3 1583.1 1.2912 97.12 142 8/32

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

Contract March Corn March Wheat Jan. Beans March. Silver
Resistance Level 3 637.7 641.4 1194.33 3023.2
Resistance Level 2 631.3 633.6 1181.17 2995.8
Resistance Level 1 624.2 627.2 1170.58 2954.7
Pivot Point 617.8 619.3 1157.42 2927.3
Support Level 1 610.7 612.9 1146.8 2886.2
Support Level 2 604.3 605.1 1133.67 2858.8
Support Level 3 597.2 598.7 1123.08 2817.7


5. Economic Reports

BBA Mortgage Approvals
4:30am

Index of Servies
4:30am

SNB Quarterly Bulletin
5:00am

GDP
8:30am

Core Durable Goods Orders
8:30am

Core PCE Price Index
8:30am

Durable Goods Orders
8:30am

Personal Spending
8:30am

Personal Income
8:30am

New Home Sales
10:00am

Tags: > > Posted in: Future Trading News  

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