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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.

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 September 26, 2012

 

Hello Traders,

Sell off today in stock index futures would need to see more follow through with more volume in order to give this leg down more power.

Daily chart along with levels for your review below:

 

es daily

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.

 

 

Contract Dec. 2012  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell Dollar Index
Resistance 3 1472.67 2894.00 13655 869.67 500.00
Resistance 2 1464.68 2874.00 13600 862.43 495.50
Resistance 1 1450.97 2838.00 13500 849.87 491.80
Pivot 1442.98 2818.00 13445 842.63 487.30
Support 1 1429.27 2782.00 13345 830.07 483.60
Support 2 1421.28 2762.00 13290 822.83 479.10
Support 3 1407.57 2726.00 13190 810.27 475.40
Contract Dec Gold Dec. Silver Nov. Crude Oil Dec. Bonds Dec. Euro
Resistance 3 1790.9 3515.2 94.67 149 30/32 1.3053
Resistance 2 1784.4 3484.8 93.94 149  6/32 1.3018
Resistance 1 1774.0 3432.2 92.51 148 28/32 1.2968
Pivot 1767.5 3401.8 91.78 148  4/32 1.2933
Support 1 1757.1 3349.2 90.35 147 26/32 1.2883
Support 2 1750.6 3318.8 89.62 147  2/32 1.2848
Support 3 1740.2 3266.2 88.19 146 24/32 1.2798
Contract Dec. Corn Dec. Wheat Nov. Beans Dec. SoyMeal Dec. bean Oil
Resistance 3 753.2 900.6 1629.33 500.00 54.54
Resistance 2 749.6 895.7 1623.17 495.50 54.30
Resistance 1 746.7 891.1 1617.33 491.80 53.91
Pivot 743.1 886.2 1611.17 487.30 53.67
Support 1 740.2 881.6 1605.3 483.6 53.3
Support 2 736.6 876.7 1599.17 479.10 53.04
Support 3 733.7 872.1 1593.33 475.40 52.65


5. Economic Reports

source:http://www.forexfactory.com/calendar.php

All times are Eastern time Zone (EST)

Date 4:14pm Currency Impact Detail Actual Forecast Previous Graph
Wed

Sep 26
All Day EUR
German Prelim CPI m/m
0.0% 0.4%
 4:00am EUR
Italian Retail Sales m/m
-0.1% 0.4%
Tentative EUR
German 10-y Bond Auction
1.42|1.1
10:00am USD
New Home Sales
381K 372K
10:30am USD
Crude Oil Inventories
1.7M 8.5M

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading

Tags: > > > Posted in: Future Trading News  

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