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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. Notice to the Futures Trader
4. Economic Reports

1. Market Commentary

The main thing about tomorrows report is the MARKET PERCEPTION of the data….

If the market takes the data in a positive way, we may see 1175 and maybe higher on the mini SP 500, on the other hand if the market “does not like the data”…then 1129 will be the first stop on the way down.

By the way you can listen to the SP500 squawk box live tomorrow ( you can login before the market open and listen to the un employment data as it comes out live.)

The trial is open this week and will be available until market close on Oct.7th so visit: traderaudio.com to start listening now.

Username: open

Password: squawk

GOOD TRADING!

2. SUPPORT AND RESISTANCE LEVELS!

Contract (Dec. 2011) SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1200.40 2295.75 11426 699.57
Resistance 2 1180.45 2254.75 11245 685.33
Resistance 1 1169.10 2230.50 11148 676.87
Pivot 1149.15 2189.50 10967 662.63
Support 1 1137.80 2165.25 10870 654.17
Support 2 1117.85 2124.25 10689 639.93
Support 3 1106.50 2100.00 10592 631.47

 

Contract Dec. Gold Dec. Euro Nov. Crude Oil Dec. Bonds
Resistance 3 1681.0 1.3720 87.78 144 17/32
Resistance 2 1668.1 1.3583 85.34 144 3/32
Resistance 1 1659.0 1.3510 83.96 143 7/32
Pivot 1646.1 1.3373 81.52 142 25/32
Support 1 1637.0 1.3300 80.14 141 29/32
Support 2 1624.1 1.3163 77.70 141 15/32
Support 3 1615.0 1.3090 76.32 140 19/32

3. Notice to the Futures Trader

Non-Farm Payroll Report

4. Economic Reports for Friday October 7, 2011

Non-Farm Employment Change
8:30am

Unemployment Rate
8:30am

Average Hourly Earnings m/m
8:30am

Wholesale Inventories m/m
10:00am

Consumer Credit m/m
3:00pm

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

Tags: > Posted in: Future Trading News  

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