New Chart Format | Support and Resistance Levels
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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 Friday April 19, 2012
Hello Traders,
I have incorporated new chart format into the daily live charts service I hold. Below is a screen shot from what I consider a great day ( mini Russell chart from the second half of todays session). Before I get too excited I must see how the bad days look like because I know every method/ system/ concept have good and bad days.
I will keep you posted and in between if you like to see what my live charts screen sharing is all about, you can register for a free trial here.
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 |
| Resistance 3 | 1405.07 | 2785.67 | 13197 | 824.83 |
| Resistance 2 | 1395.53 | 2760.33 | 13111 | 816.87 |
| Resistance 1 | 1384.77 | 2723.17 | 13013 | 807.13 |
| Pivot | 1375.23 | 2697.83 | 12927 | 799.17 |
| Support 1 | 1364.47 | 2660.67 | 12829 | 789.43 |
| Support 2 | 1354.93 | 2635.33 | 12743 | 781.47 |
| Support 3 | 1344.17 | 2598.17 | 12645 | 771.73 |
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 | 1678.1 | 1.3280 | 105.22 | 143 12/32 |
| Resistance 2 | 1666.5 | 1.3225 | 104.44 | 142 27/32 |
| Resistance 1 | 1654.4 | 1.3182 | 103.69 | 142 15/32 |
| Pivot | 1642.8 | 1.3127 | 102.91 | 141 30/32 |
| Support 1 | 1630.7 | 1.3084 | 102.16 | 141 18/32 |
| Support 2 | 1619.1 | 1.3029 | 101.38 | 141 1/32 |
| Support 3 | 1607.0 | 1.2986 | 100.63 | 140 21/32 |
4. Support & Resistance Levels for Corn, Wheat, Beans and Silver
| Contract | May Corn | May Wheat | May Beans | May Silver |
| Resistance 3 | 630.0 | 632.8 | 1448.50 | 3278.5 |
| Resistance 2 | 626.0 | 629.9 | 1438.75 | 3240.0 |
| Resistance 1 | 623.5 | 627.3 | 1427.25 | 3206.0 |
| Pivot | 619.5 | 624.4 | 1417.50 | 3167.5 |
| Support 1 | 617.0 | 621.8 | 1406.0 | 3133.5 |
| Support 2 | 613.0 | 618.9 | 1396.25 | 3095.0 |
| Support 3 | 610.5 | 616.3 | 1384.75 | 3061.0 |
5. Economic Reports
2:00am EUR
German PPI m/m
4:00am EUR
German Ifo Business Climate
Day 1 ALL
IMF Meetings
Day 2 ALL
G20 Meetings
Day 2 ALL
IMF Meetings
