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.

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Tuesday Morning Support and Resistance Numbers

Posted on by Ilan

If you would like these numbers before the market opens, make sure you SIGN UP with your email above.

Here’s a morning cup o’ joe for all you futures traders, our morning support and resistance levels. Good trading!

divider black 190

Support and Resistance Levels – S&P 500, Nasdaq 100, Dow Jones, Mini Russell 2000, 30-Year US Bond, 10-Year US Note

Contract (June) Mini S&P 500 Mini Nasdaq 100 Dow Jones Mini Russell 2000 30-Year US Bond Sep ’12 10-Year US Note Sep ’12
Resistance Level 3 ——————————————

Resistance Level 2

——————————————

Resistance Level 1

——————————————

Support Level 1

——————————————

Support Level 2

——————————————

Support Level 3

 1341.5 

1335.75

 

1331.5

 

1302

 

1297

 

1292.5

 2598 

2585

 

2578

 

2516

 

2496

 

2481.5

 12715 

12650

 

12610

 

12350

 

12263

 

11985

 781.1 

776.8

 

774.2

 

748.6

 

744.2

 

728.5

 15021 

15013

 

14924

 

14810

 

14731

 

14628

 13401.5 

13330.5

 

13324.5

 

13313.5

 

13308.5

 

13303

Continue reading “Tuesday Morning Support and Resistance Numbers”

Futures Trading Levels & Economic Reports for 06-12 including Mini S&P daily chart

Posted on by Ilan

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Tuesday June 12, 2012

Hello Traders,

Stock index futures pretty much gave up all their gain from Friday session and finished today on a bearish note.

The question is whats ahead for stock index futures and in the case of the chart below, the mini SP 500?

My opinion is that the fundamental news, which are coming out, mostly news from Europe will have importance. Most traders are technical by nature, i.e they make decisions based on chart formations. I fall into this category myself BUT it is important to be aware of economic reports times and different news affecting the markets you trade.

In the case of the mini SP 500 chart seen below, I see both open interest and volume rising while the trend strength is low in this case. Meaning the down trend that developed over last few weeks on the daily chart is not as a strong. That suggests more price action like we have seen over the past few sessions, strong days up, followed by strong days down etc.
My reading is that an hourly close below 1298 level, can trigger the next leg down.

Mini S&P daily chart Continue reading “Futures Trading Levels & Economic Reports for 06-12 including Mini S&P daily chart”

Futures Trading Levels & Economic Reports for 06-08 with Cannon Weekly Newsletter

Posted on by Ilan

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
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 June 8, 2012

Hello Traders,

Today our latest weekly newsletter is available.  Please click here to view. Continue reading “Futures Trading Levels & Economic Reports for 06-08 with Cannon Weekly Newsletter”

Thursday Morning Support and Resistance Numbers

Posted on by Ilan

ROLLOVER DAY: ES, YM, NQ and TF are now trading the September (U2) contract.

If you would like these numbers before the market opens, make sure you SIGN UP with your email above.

Here’s a morning cup o’ joe for all you futures traders, our morning support and resistance levels. Good trading!

divider black 190

Support and Resistance Levels – S&P 500, Nasdaq 100, Dow Jones, Mini Russell 2000, 30-Year US Bond, 10-Year US Note

Contract (September) Mini S&P 500 Mini Nasdaq 100 Dow Jones Mini Russell 2000 30-Year US Bond 10-Year US Note
Resistance Level 3 ——————————————Resistance Level 2

——————————————

Resistance Level 1

——————————————

Support Level 1

——————————————

Support Level 2

——————————————

Support Level 3

 13411334

 

1322.25

 

1306.5

 

1298.75

 

1291.75

 26122596

 

2570

 

2531

 

2514

 

2499

 1263412599

 

12481

 

12315

 

12257

 

12153

 789.6778.4

 

775.1

 

759.8

 

754.3

 

749.4

 1502914928

 

14909

 

14808

 

14622

 

14530

 13401.513327

 

13319

 

13304.5

 

13217.5

 

13206

Continue reading “Thursday Morning Support and Resistance Numbers”

Futures Trading Levels & Economic Reports for 06-07

Posted on by Ilan

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Thursday June 7, 2012

Hello Traders,

Not much to say today…just like sometimes as a day-trader you may not have the set ups you need and when that happens, as hard as it may get, you simply need to stay patient and not take trades simply because you feel you are not doing your job etc…

So stay patient, stay disciplined, plan your trade and trade your plan.

Continue reading “Futures Trading Levels & Economic Reports for 06-07”

Crude Oil Bounce? & Trading Levels and Economic Reports for 6-06

Posted on by Ilan

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Wednesday June 6, 2012

Hello Traders,

Heads up traders! Front month for bonds, ten years and other financials is now September.

Front month for gold is August.

June is still front month for indices and currencies.

Tomorrow we have weekly Crude Oil inventories, which can usually move this market both ways pretty fast…

Crude has been in a very strong downtrend last couple of months and what I see in the below daily chart, is a chance for this market to bounce up a bit, maybe to the 88 area. The trend is still down no doubt (and it is a strong trend as indicated by 99 trend strength level in the chart), but it is rare that markets go up or down with a small correction and this is what I would look for if tomorrows numbers, or more important, market reaction to the numbers are bullish.

Daily Crude Oil chart for your review below:

579

Continue reading “Crude Oil Bounce? & Trading Levels and Economic Reports for 6-06”

Tuesday Morning Support and Resistance Numbers

Posted on by Ilan

If you would like these numbers before the market opens, make sure you SIGN UP with your email above.

Here’s a morning cup o’ joe for all you futures traders, our morning support and resistance levels. Good trading!

divider black 190

Support and Resistance Levels – S&P 500, Nasdaq 100, Dow Jones, Mini Russell 2000, 30-Year US Bond, 10-Year US Note

Contract (June) Mini S&P 500 Mini Nasdaq 100 Dow Jones Mini Russell 2000 30-Year US Bond Sep ’12 10-Year US Note Sep ’12
Resistance Level 3 ——————————————Resistance Level 2

——————————————

Resistance Level 1

——————————————

Support Level 1

——————————————

Support Level 2

——————————————

Support Level 3

 1298.251289.75

 

1280

 

1265.25

 

1261

 

1251.5

 25182502

 

2485

 

2465

 

2453

 

2429

 1236412219

 

12138

 

12062

 

12024

 

11985

 753.5747.5

 

741

 

728.5

 

725.8

 

723.9

 15219 (all time high)15126 

15111

 

15011

 

14921

 

14830

 13430.5 (all time high)13415.5 

13406

 

13322.5

 

13310.5

 

13304.5

Continue reading “Tuesday Morning Support and Resistance Numbers”

Trading Levels & Economic Reports for 06-05 with Renko chart for Mini S&P

Posted on by Ilan

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Tuesday June 5, 2012

Hello Traders,

Heads up traders! Front month for bonds, ten years and other financials is now September.

Front month for gold is August.

June is still front month for indices and currencies.

Below is a screen shot of the Mini Sp 500 chart I shared during today’s session with clients and prospects during our live trading signals session

Renko mini S&P chart for your review below:

Renko Mini S&P 500 chart

Would you like to have access to my DIAMOND and TOPAZ ALGOs as shown above and be able to apply for any market and any time frame on your own PC ? You can now have a two weeks free trial where I enable the ALGO along with few studies for your own sierra/ ATcharts.

OR you can simply “stop by” and view my live screen.

To start your trial, please visit:
https://www.cannontrading.com/tools/intraday-futures-trading-signals Continue reading “Trading Levels & Economic Reports for 06-05 with Renko chart for Mini S&P”

Monday Morning Support and Resistance Numbers

Posted on by Ilan

If you would like these numbers before the market opens, make sure you SIGN UP with your email above.

Here’s a morning cup o’ joe for all you futures traders, our morning support and resistance levels. Good trading!

divider black 190

Support and Resistance Levels – S&P 500, Nasdaq 100, Dow Jones, Mini Russell 2000, 30-Year US Bond, 10-Year US Note

Contract (June) Mini S&P 500 Mini Nasdaq 100 Dow Jones Mini Russell 2000 30-Year US Bond Sep ’12 10-Year US Note Sep ’12
Resistance Level 3 ——————————————Resistance Level 2

——————————————

Resistance Level 1

——————————————

Support Level 1

——————————————

Support Level 2

——————————————

Support Level 3

 1298.251289.75

 

1280

 

1272.75

 

1268.5

 

1261

 25022485

 

2467

 

2453

 

2445

 

2429

 1236412219

 

12138

 

12073

 

12039

 

11985

 756.9751.8

 

746.2

 

735.4

 

731.6

 

723.9

 15219 (all time high)15206

15130

 

15104

 

15011

 

14830

 13430.5 (all time high)13422.5

13417.5

 

13407

 

13331.5

 

13324

Continue reading “Monday Morning Support and Resistance Numbers”

Monthly Unemployment Report Ahead + Trading Levels for June 1st

Posted on by Ilan

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
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 June 1, 2012

Hello Traders,

Heads up traders! front month for bonds, ten years and other financials is now September.

Front month for gold is August.

June is still front month for indices and currencies.

Monthly employment figures are out tomorrow at 8:30 Am Eastern Time! This is a market moving report, so be prepared!

May is officially behind us ( trading wise) and with the new trading month starting, I decided to share monthly chart of mini SP 500 below for your longer term overview.

May June be a trading month filled with patience and discipline!

 

Monthly chart of the mini S&P for your review below:

mini S&P futures monthly chart Continue reading “Monthly Unemployment Report Ahead + Trading Levels for June 1st”

RISK DISCLOSURE: Past results are not necessarily indicative of future results. The risk of loss in futures trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.