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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10,000 Volume Chart | Support and Resistance Levels

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
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – March Corn, March Wheat, Jan Beans, March Silver
5.Economic Report for January 20, 2012

1. Market Commentary

Below is an intraday chart using some of the studies I have programmed and like to apply to my charts.

As one can visually see, the last two hours of trading on the ES today worked well with my diamond algo. The chart below is 10,000 volume chart. To read why I sometimes prefer using volume charts over time charts ( example 5 minutes chart, 10 minutes etc.) and how you can get a free trial and apply my studies/ ALGO on your own charts, continue reading….
521 Continue reading “10,000 Volume Chart | Support and Resistance Levels”

Thursday Morning Support and Resistance

Posted on by Ilan

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 (Dec. 2011) 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

 1322 

1313.00

 

1309.75

 

1297

 

1290.5

 

1284.5

 2490 

2478.5

 

2436

 

2402

 

2384

 

2369

 12749 

12600

 

12577

 

12477

 

12431

 

12391

 808.80 

895.20

 

781.6

 

768.5

 

762.2

 

756.6

 14413 

14405

 

14328

 

14312

 

14228

 

14201

 13111 

13108

 

13104.5

 

13025

 

13017.5

 

13003

Continue reading “Thursday Morning Support and Resistance”

15 Minutes mini SP Chart from Today’s Session

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
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – March Corn, March Wheat, Jan Beans, March Silver
5.Economic Report for January 19, 2012

1. Market Commentary

Volume is getting slightly better as the holiday season/ New year/ MLK is now behind us.

I wanted to touch base very briefly on a study many people know and use FIBONACCI levels and how the sierra charts ( ATcharts) has a study called Fibonacci Auto Retracement, which will draw the levels on your chart automatically as the market makes new highs/ lows etc.

I find this useful instead of having to go and manually draw levels.

I also find these levels useful for profit targets and stops since by formula, these FIB levels as I call them take into account the range of the trading day, hence on days when ranges are wide, it will provide you possible stops and/ or targets that are wider and vice versa, when the trading day is narrow, the targets will get tighter.

Here are two screen shots on how I select the study and how it looks like on a 15 minutes mini SP chart from today’s session.

Chat Studies for ESH2 15 min
Chat Studies for ESH2 15 min

 

ESH2 15 min Chart
ESH2 15 min Chart

Notice how the FIB lines ( support / resistance levels) adjusted as market made new highs.

Continue reading “15 Minutes mini SP Chart from Today’s Session”

Wednesday Morning Support and Resistance

Posted on by Ilan

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 (Dec. 2011) 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

 1309.75

1302.50

 

1297.5

 

1286.25

 

1276

 

1272.75

 2436

2409

 

2407

 

2381

 

2367

 

2342

 12749

12600

 

12514

 

12401

 

12366

 

12331

 781.60

775

 

768.5

 

758.8

 

753.8

 

748.8

 14611

14603

 

14512

 

14412

 

14326

 

14227

 13203.5

13130 (all time high)

13123.5

 

13108

 

13031.5

 

13024.5

Continue reading “Wednesday Morning Support and Resistance”

Simple Yet Powerful Approach To Using Market Profile In Your Trading

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
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – March Corn, March Wheat, Jan Beans, March Silver
divider black 190

1. Market Commentary

Simple yet Powerful approach to using Market Profile in your trading
Join us for a Webinar on January 18th at 3:30 PM Central time
Space is limited.
Reserve your Webinar seat now at:
https://www2.gotomeeting.com/register/700006690  
Learn the incredible power of Market Profile in this simple and easy to implement approach.

Many have yet to discover  just how easy it can be. So please join us for ‘A Simplified Approach to using Market Profile’
Join Greg Weitzman for this live webinar as he discusses his unique and simplified way to incorporate Market Profile in your trading and leave with some tools you can use immediately in your own trading:
* Simplify and clean up your charts
* Clearly see support , resistance and market inflection points
* Locate key areas for trade entries
As a Bonus all attendees will also receive TheTradingZone basic Chart Templates, pre-configured for Sierra Charts ( ATcharts)
Risk: 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.

 

Title: Simple yet Powerful approach to using Market Profile in your trading
Date: Wednesday, January 18, 2012
Time: 3:30 PM – 4:30 PM CST

 

After registering you will receive a confirmation email containing information about joining the Webinar.

 

System Requirements
PC-based attendees
Required: Windows® 7, Vista, XP or 2003 Server
Macintosh®-based attendees
Required: Mac OS® X 10.5 or newer

Continue reading “Simple Yet Powerful Approach To Using Market Profile In Your Trading”

Tuesday Morning Support and Resistance Levels

Posted on by Ilan

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 (Dec. 2011) 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

 1328.5 

1309.75

 

1302.5

 

1291.75

 

1286.25

 

1276

 2436 

2409

 

2401

 

2376

 

2363

 

2340

 12749 

12600

 

12514

 

12440

 

12401

 

12331

 808.80 

781.6

 

775

 

764.2

 

758.4

 

748.2

 14611 

14603

 

14511

 

14411

 

14326

 

14227

 13203.5 

13130 (all time high)

13123.5

 

13108

 

13031.5

 

13024.5

Continue reading “Tuesday Morning Support and Resistance Levels”

Martin Luther King Jr Day Futures Trading Hours and Holiday Trading Schedule

Posted on by Ilan

Friday, January 13

CME Group (Floor)
Regular Close

NYMEX (Floor)
Regular Close

GLOBEX
3:15 pm Close: Interest Rate, Foreign Exchange, GSCI, Wood Pulp, Crude Palm Oil and Green Exchange products
*All other products regular close

ICE
Regular Close

EUREX
Regular Close

OneChicago
Regular Close

NYSE
Regular Close

Nadex
Regular Close

Forex
Regular Close

Sunday, January 15 Continue reading “Martin Luther King Jr Day Futures Trading Hours and Holiday Trading Schedule”

Friday Morning Support and Resistance Levels

Posted on by Ilan

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 (Dec. 2011) 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

 1309.751301.50

 

1297.5

 

1278.75

 

1272

 

1258.5

 24092399

 

2387

 

2365

 

2355

 

2335

 1274912600

 

12465

 

12341

 

12323

 

12262

 781.6773.7

 

771

 

761.4

 

756.3

 

747.3

 1442614418

 

14407

 

14323

 

14309

 

14217

 1313013114

 

13112

 

13102

 

13028.5

 

13018.5

Continue reading “Friday Morning Support and Resistance Levels”

Market Commentary – Support and Resistance Levels

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
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – March Corn, March Wheat, Jan Beans, March Silver
5. Economic Reports for Friday, January 13, 2012
divider black 190

1. Market Commentary

View the Holiday Trading Schedule Here

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

Contract (Dec. 2011) SP500
(big & Mini)		 Nasdaq100
(big & Mini)		 Dow Jones
(big & Mini)		 Mini Russell
Resistance Level 3 1307.67 2414.33 12543 785.53
Resistance Level 2 1300.08 2397.67 12482 778.27
Resistance Level 1 1296.17 2388.33 12448 773.13
Pivot Point 1288.58 2371.67 12387 765.87
Support Level 1 1284.67 2362.33 12353 760.73
Support Level 2 1277.08 2345.67 12292 753.47
Support Level 3 1273.17 2336.33 12258 748.33

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

Contract Feb. Gold Dec. Euro Jan. Crude Oil March. Bonds
Resistance Level 3 1676.0 1.3029 106.34 144 30/32
Resistance Level 2 1669.4 1.2939 104.66 144 19/32
Resistance Level 1 1660.1 1.2883 101.86 144 4/32
Pivot Point 1653.5 1.2793 100.18 143 25/32
Support Level 1 1644.2 1.2737 97.38 143 10/32
Support Level 2 1637.6 1.2647 95.70 142 31/32
Support Level 3 1628.3 1.2591 92.90 142 16/32

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

Contract March Corn March Wheat Jan. Beans March. Silver
Resistance Level 3 616.5 618.8 1232.00 3144.5
Resistance Level 2 615.5 614.2 1209.50 3106.0
Resistance Level 1 613.5 609.6 1196.00 3064.0
Pivot Point 612.5 604.9 1173.50 3025.5
Support Level 1 610.5 600.3 1160.0 2983.5
Support Level 2 609.5 595.7 1137.50 2945.0
Support Level 3 607.5 591.1 1124.00 2903.0

divider black 190

Continue reading “Market Commentary – Support and Resistance Levels”

Thursday Morning Support and Resistance Levels

Posted on by Ilan

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 (Dec. 2011) 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

 1309.751301.50

 

1297.5

 

1288

 

1283

 

1274.25

 24092399

 

2383

 

2363

 

2352

 

2333

 1274912600

 

12463

 

12341

 

12312

 

12262

 781.6773.7

 

771

 

761.2

 

756

 

746.7

 1442614418

 

14407

 

14316

 

14303

 

14214

 13130 (all time high)13114 

13110

 

13100.5

 

13027

 

13018

Continue reading “Thursday Morning Support and Resistance Levels”

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.