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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.Economic Reports for Tuesday, December 20 2011

1. Market Commentary

Front month for stock indices, currencies, grains and most active markets is now MARCH. Symbol for March is H


Gold and Crude front month is February. 


If you are not sure which month you should be trading, please contact your broker. 

  We are now entering a period of the year when volume may be lower than normal. It will be more noticeable starting Friday Dec. 23rd as we will enter the holiday period of Christmas and New year.

Understand that lower volume can results some erratic moves at times and during other periods of the day can create “sleepy, slow ” type of trading.

Make sure you are aware of the trading schedule, reports times so you are not caught by surprise.

Happy Holidays and great trading, mini SP500 daily chart for your review below with possible levels of support and resistance


2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000

Contract (Dec. 2011) SP500
(big & Mini)
(big & Mini)
Dow Jones
(big & Mini)
Mini Russell
Resistance Level 3 1234.50 2277.67 11973 744.03
Resistance Level 2 1226.50 2262.33 11912 735.67
Resistance Level 1 1211.50 2233.67 11788 720.13
Pivot Point 1203.50 2218.33 11727 711.77
Support Level 1 1188.50 2189.67 11603 696.23
Support Level 2 1180.50 2174.33 11542 687.87
Support Level 3 1165.50 2145.67 11418 672.33

3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds

4. Economic ReportsBuilding Permits
8:30amHousing Stats

Contract Feb. Gold Dec. Euro Jan. Crude Oil March. Bonds
Resistance Level 3 1624.9 1.3100 96.58 148 3/32
Resistance Level 2 1617.1 1.3077 95.61 147 5/32
Resistance Level 1 1605.0 1.3038 94.72 146 23/32
Pivot Point 1597.2 1.3015 93.75 145 25/32
Support Level 1 1585.1 1.2976 92.86 145 11/32
Support Level 2 1577.3 1.2953 91.89 144 13/32
Support Level 3 1565.2 1.2914 91.00 143 31/32
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