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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 – Corn, Wheat, Beans, Silver
5. Economic Reports for Monday May 7, 2012

 

Hello Traders,

Monthly unemployment came out and as expected caused some big moves in major markets.

I sent an hourly and daily chart of the mini SP on Thursday afternoon and below you will see an updated daily chart of the mini SP after today’s big move.,


Also our weekly newsletter is now available for your viewing.

GOOD TRADING!

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

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 Dollar Index
Resistance 3 1393.03 2712.33 13175 825.00 80.21
Resistance 2 1387.02 2695.67 13133 817.40 79.91
Resistance 1 1375.63 2662.83 13050 803.00 79.74
Pivot 1369.62 2646.17 13008 795.40 79.44
Support 1 1358.23 2613.33 12925 781.00 79.27
Support 2 1352.22 2596.67 12883 773.40 78.97
Support 3 1340.83 2563.83 12800 759.00 78.80

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

Contract June Gold June Euro June Crude Oil June Bonds
Resistance 3 1673.0 1.3255 106.91 145 20/32
Resistance 2 1660.5 1.3219 104.82 144 22/32
Resistance 1 1651.8 1.3155 101.70 144 7/32
Pivot 1639.3 1.3119 99.61 143 9/32
Support 1 1630.6 1.3055 96.49 142 26/32
Support 2 1618.1 1.3019 94.40 141 28/32
Support 3 1609.4 1.2955 91.28 141 13/32

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

Contract July Corn July Wheat July Beans July Silver
Resistance 3 651.1 632.8 1505.67 3131.7
Resistance 2 638.4 625.2 1492.08 3089.8
Resistance 1 629.3 617.3 1485.17 3061.7
Pivot 616.7 609.7 1471.58 3019.8
Support 1 607.6 601.8 1464.7 2991.7
Support 2 594.9 594.2 1451.08 2949.8
Support 3 585.8 586.3 1444.17 2921.7


5. Economic Reports

4:30am EUR
Sentix Investor Confidence

6:00am EUR
German Factory Orders m/m

3:00pm USD
Consumer Credit m/m

Tags: > > Posted in: Commodity Trading   | Future Trading News  

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