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Market Commentary – 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 Reports for Friday, January 13, 2012

1. Market Commentary

View the Holiday Trading Schedule 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 1307.67 2414.33 12543 785.53
Resistance Level 2 1300.08 2397.67 12482 778.27
Resistance Level 1 1296.17 2388.33 12448 773.13
Pivot Point 1288.58 2371.67 12387 765.87
Support Level 1 1284.67 2362.33 12353 760.73
Support Level 2 1277.08 2345.67 12292 753.47
Support Level 3 1273.17 2336.33 12258 748.33

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 1676.0 1.3029 106.34 144 30/32
Resistance Level 2 1669.4 1.2939 104.66 144 19/32
Resistance Level 1 1660.1 1.2883 101.86 144 4/32
Pivot Point 1653.5 1.2793 100.18 143 25/32
Support Level 1 1644.2 1.2737 97.38 143 10/32
Support Level 2 1637.6 1.2647 95.70 142 31/32
Support Level 3 1628.3 1.2591 92.90 142 16/32

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

Contract March Corn March Wheat Jan. Beans March. Silver
Resistance Level 3 616.5 618.8 1232.00 3144.5
Resistance Level 2 615.5 614.2 1209.50 3106.0
Resistance Level 1 613.5 609.6 1196.00 3064.0
Pivot Point 612.5 604.9 1173.50 3025.5
Support Level 1 610.5 600.3 1160.0 2983.5
Support Level 2 609.5 595.7 1137.50 2945.0
Support Level 3 607.5 591.1 1124.00 2903.0


5. Economic Reports

Trade Balance
8:30am

Import Prices
8:30am

Prelim UoM Consumer Sentiment
9:55am

Prelim UoM Inflation Expectations
9:55am

FOMC Member Duke Speaks
11:10am

Tags: Posted in: Future Trading News  

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