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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.

In this post:

1. Market Commentary
2. Support and Resistance Levels
3. December Mini S&P 500 Continuous Futures chart
4. Economic Reports
5. Highlighted Earnings Releases

1. Market Commentary

FRONT MONTH FOR EQUITIES AND BONDS IS DECEMBER

SYMBOL FOR DECEMBER IS Z

We started the new week, right where we left off. With volatile moves in both directions.

I am sharing my daily Dec. mini Russell 2000 chart with you below.. It seems that at times, the Russell 2000 index has been the leader in the moves of the general stock market. We are currently in a very wide range (volatility definitely expands the “bands”) 739 on top and 654 below.

We are currently closer to the bottom level, hence we may see some more upside before we see sellers step back in. In all honesty, I do NOT have a strong feel for the market right now and do NOT have a preferred way of trading it based on swing or overnight time frame. When I do have a better feel or direction, i will be happy to share with you.

You can also sign up for my real time intraday charts service.

GOOD TRADING!

2. SUPPORT AND RESISTANCE LEVELS!

Contract (Sept. 2011) SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1195.67 2296.50 11396 709.97
Resistance 2 1176.58 2245.25 11197 693.93
Resistance 1 1167.17 2219.50 11093 685.37
Pivot 1148.08 2168.25 10894 669.33
Support 1 1138.67 2142.50 10790 660.77
Support 2 1119.58 2091.25 10591 644.73
Support 3 1110.17 2065.50 10487 636.17

 

Contract Dec. Gold Sept. Euro Oct. Crude Oil Dec. Bonds
Resistance 3 1880.8 1.3948 94.15 142 21/32
Resistance 2 1865.4 1.3821 91.55 142 7/32
Resistance 1 1842.0 1.3750 90.20 141 20/32
Pivot 1826.6 1.3623 87.60 141 6/32
Support 1 1803.2 1.3552 86.25 140 19/32
Support 2 1787.8 1.3425 83.65 140 5/32
Support 3 1764.4 1.3354 82.30 139 18/32

3. Daily December Mini Russell 2000 Futures Chart from September 12th, 2011

Daily December Mini Russell 2000 Futures Chart from September 12th, 2011

4. Economic Reports Tuesday September 13th, 2011

Import Prices m/m
8:30am USD

IBD/TIPP Economic Optimism
10:00am USD

Federal Budget Balance
2:00pm USD

Economics Report Source: http://www.forexfactory.com/calendar.php

5. Today’s Highlighted Earnings Releases

SYMBOL COMPANY EVENT TITLE EPS ESTIMATE EPS ACTUAL PREV. YEAR ACTUAL DATE/TIME (ET)
BRC Brady Corp Q4 2011 Brady Corporation Earnings Release $ 0.60 n/a $ 0.49 12-Sep
NSSC Napco Security Technologies Inc Q4 2011 Napco Security Technologies Inc Earnings Release $ 0.05 n/a n/a 12-Sep BMO
OCC Optical Cable Corp Q3 2011 Optical Cable Corp Earnings Release n/a n/a n/a 12-Sep
PSDV pSivida Corp Q4 2011 pSivida Corp Earnings Release -$ 0.18 n/a n/a 12-Sep AMC
TWT.TO 20 20 Technologies Inc Q3 2011 20 20 Technologies Inc Earnings Release n/a n/a n/a 12-Sep BMO
ADU.AX Adamus Resources Ltd Preliminary 2011 Adamus Resources Ltd Earnings Release n/a n/a n/a 12-Sep AMC
Tags: > Posted in: Futures Broker   | Futures Exchange   | Futures Trading  

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