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Mini Nasdaq 100 | 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,

Hope everyone had a good start for their week.

Below is a daily chart of the Mini Nasdaq 100.

Its been almost a straight line up BUT notice how the open interest is increasing and volume is actually declining….Sometimes that can be a sign that a strong correction may happen.

I would NOT try to fight the current uptrend but if I see this market breaking below 2530 over the next couple of days, I would feel stronger about the short side for a correction.

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 3 1360.27 2598.33 12913 835.10
Resistance Level 2 1355.38 2585.67 12880 829.60
Resistance Level 1 1352.57 2576.33 12857 826.30
Pivot Point 1347.68 2563.67 12824 820.80
Support Level 1 1344.87 2554.33 12801 817.50
Support Level 2 1339.98 2541.67 12768 812.00
Support Level 3 1337.17 2532.33 12745 808.70

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 1751.9 1.3354 103.12 144 11/32
Resistance Level 2 1743.6 1.3319 102.02 143 22/32
Resistance Level 1 1734.2 1.3258 101.30 143 5/32
Pivot Point 1725.9 1.3223 100.20 142 16/32
Support Level 1 1716.5 1.3162 99.48 141 31/32
Support Level 2 1708.2 1.3127 98.38 141 10/32
Support Level 3 1698.8 1.3066 97.66 140 25/32

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

Contract March Corn March Wheat March Beans March. Silver
Resistance Level 3 652.0 655.7 1277.67 3458.5
Resistance Level 2 647.5 649.1 1266.33 3431.0
Resistance Level 1 643.5 645.2 1259.17 3400.5
Pivot Point 639.0 638.6 1247.83 3373.0
Support Level 1 635.0 634.7 1240.7 3342.5
Support Level 2 630.5 628.1 1229.33 3315.0
Support Level 3 626.5 624.2 1222.17 3284.5


5. Economic Reports

German ZEW Economic Sentiment
5:00am

Industrial Production
5:00am

ZEW Economic Sentiment
5:00am

Core Retail Sales
8:30am

Retail Sales
8:30am

Import Prices
8:30am

Business Inventories
10:00am

Treasury Sec Geithner Speaks
10:00am

FOMC Member Lockhart Speaks
5:40pm

Tags: > > Posted in: Commodity Trading   | Futures Broker  

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