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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 Wednesday April 11, 2012
Hello Traders
Daily chart of the mini SP 500 below for your review along with potential support and resistance levels. Today was the first day in a while where we saw high volume and meaningful decline in price.,GOOD TRADING!
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2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
| Contract (June 2012) | SP500 (big & Mini) |
Nasdaq100 (big & Mini) |
Dow Jones (big & Mini) |
Mini Russell |
| Resistance 3 | 1397.50 | 2792.50 | 13023 | 818.27 |
| Resistance 2 | 1387.85 | 2769.00 | 12942 | 810.33 |
| Resistance 1 | 1371.80 | 2732.00 | 12813 | 795.87 |
| Pivot | 1362.15 | 2708.50 | 12732 | 787.93 |
| Support 1 | 1346.10 | 2671.50 | 12603 | 773.47 |
| Support 2 | 1336.45 | 2648.00 | 12522 | 765.53 |
| Support 3 | 1320.40 | 2611.00 | 12393 | 751.07 |
3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds
| Contract | June Gold | June Euro | May Crude Oil | June Bonds |
| Resistance 3 | 1706.3 | 1.3229 | 104.84 | 143 31/32 |
| Resistance 2 | 1685.6 | 1.3189 | 103.90 | 142 29/32 |
| Resistance 1 | 1674.0 | 1.3138 | 102.56 | 142 7/32 |
| Pivot | 1653.3 | 1.3098 | 101.62 | 141 5/32 |
| Support 1 | 1641.7 | 1.3047 | 100.28 | 140 15/32 |
| Support 2 | 1621.0 | 1.3007 | 99.34 | 139 13/32 |
| Support 3 | 1609.4 | 1.2956 | 98.00 | 138 23/32 |
4. Support & Resistance Levels for Corn, Wheat, Beans and Silver
| Contract | May Corn | May Wheat | May Beans | May Silver |
| Resistance 3 | 661.8 | 662.0 | 1471.33 | 3295.3 |
| Resistance 2 | 656.4 | 654.8 | 1460.67 | 3244.7 |
| Resistance 1 | 645.6 | 640.3 | 1443.33 | 3212.3 |
| Pivot | 640.2 | 633.0 | 1432.67 | 3161.7 |
| Support 1 | 629.3 | 618.5 | 1415.3 | 3129.3 |
| Support 2 | 623.9 | 611.3 | 1404.67 | 3078.7 |
| Support 3 | 613.1 | 596.8 | 1387.33 | 3046.3 |
5. Economic Reports
2:00am EUR
German WPI m/m
8:30am USD
Import Prices m/m
10:30am USD
Crude Oil Inventories
2:00pm USD
Beige Book
2:00am USD
Federal Budget Balance
5:30pm USD
FOMC Member Yellen Speaks