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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, January 13, 2012

1. Market Commentary

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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

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  • The concept of Price Confirmation
  • How to Use Support & Resistance Levels
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