Daily Support & Resistance Levels

This blog provides daily support and resistance levels for major commodities, indices, and financial futures contracts, along with market outlooks and insights.

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January 18, 2012
Commodity Trading

Simple Yet Powerful Approach To Using Market Profile In Your Trading

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
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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

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 1308.77 2422.00 12592 786.33
Resistance Level 2 1303.78 2412.00 12553 780.67
Resistance Level 1 1296.27 2401.00 12487 771.93
Pivot Point 1291.28 2391.00 12448 766.27
Support Level 1 1283.77 2380.00 12382 757.53
Support Level 2 1278.78 2370.00 12343 751.87
Support Level 3 1271.27 2359.00 12277 743.13

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 1691.7 1.2991 103.09 146 21/32
Resistance Level 2 1679.9 1.2906 102.05 146
Resistance Level 1 1665.8 1.2822 101.41 145 16/32
Pivot Point 1654.0 1.2737 100.37 144 27/32
Support Level 1 1639.9 1.2653 99.73 144 11/32
Support Level 2 1628.1 1.2568 98.69 143 22/32
Support Level 3 1614.0 1.2484 98.05 143 6/32

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

Contract March Corn March Wheat Jan. Beans March. Silver
Resistance Level 3 614.6 614.8 1205.67 3124.7
Resistance Level 2 611.7 611.9 1195.83 3090.8
Resistance Level 1 607.8 608.3 1189.67 3046.2
Pivot Point 604.9 605.4 1179.83 3012.3
Support Level 1 601.1 601.8 1173.7 2967.7
Support Level 2 598.2 598.9 1163.83 2933.8
Support Level 3 594.3 595.3 1157.67 2889.2
By Ilan « Back to All Posts

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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.