Market Commentary | Support and Resistance Levels

span style=”text-decoration: underline;”>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 22, 2011

1. Market Commentary

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 2 1249.35 2290.67 12118 759.20
Resistance Level 1 1243.80 2268.33 12082 748.70
Pivot Point 1233.45 2241.67 12008 735.60
Support Level 1 1227.90 2219.33 11972 725.10
Support Level 2 1217.55 2192.67 11898 712.00
Support Level 3 1212.00 2170.33 11862 701.50

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 1638.0 1.3362 102.29 145 18/32
Resistance Level 2 1630.0 1.3293 100.77 145 3/32
Resistance Level 1 1623.7 1.3176 99.84 144 3/32
Pivot Point 1615.7 1.3107 98.32 143 20/32
Support Level 1 1609.4 1.2990 97.39 142 20/32
Support Level 2 1601.4 1.2921 95.87 142 5/32
Support Level 3 1595.1 1.2804 94.94 141 5/32

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

Contract March Corn March Wheat Jan. Beans March. Silver
Resistance Level 3 640.3 638.7 1191.17 3109.0
Resistance Level 2 629.7 628.3 1175.08 3065.0
Resistance Level 1 622.3 620.7 1164.42 3001.0
Pivot Point 611.7 610.3 1148.33 2957.0
Support Level 1 604.3 602.7 1137.7 2893.0
Support Level 2 593.7 592.3 1121.58 2849.0
Support Level 3 586.3 584.7 1110.92 2785.0


5. Economic Reports

Unemployment Claims
8:30am

Final GDP
8:30am

Final GDP Price Index
8:30am

Revised UoM Consumer Sentiment
9:55am

Revised UoM Inflation Expectations
9:55am

CB Leading Index
10:00am

OFHEO HPI
10:00am

Natural Gas Storage
10:30am

Tags: > Posted in: Future Trading News  

Download Cannon’s new eBook, “Futures Forthright” instantly.


Quick Tip: After registering you will be emailed login information, so be sure to use an email address you have access to. If you need assistance please call us at 1-800-454-9572, a professional broker will help you through the registration process.
________
Doing Business With
See more...
Loading
Loading

Loading