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. Daily Chart of February Gold Futures
6. Economic Reports for Thursday, December 15, 2011
1. Market Commentary and Daily Mini S&P 500 Chart
Today’s big mover was gold. While we had big moves in many markets, currencies getting weaker against the dollar, energies lower, stock indices lower, it was the metals lead by gold which experienced some of the bigger % moves.
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 | 1230.33 | 2295.00 | 11968 | 734.27 |
| Resistance Level 2 | 1224.27 | 2277.00 | 11917 | 726.83 |
| Resistance Level 1 | 1215.13 | 2252.00 | 11833 | 715.57 |
| Pivot Point | 1209.07 | 2234.00 | 11782 | 708.13 |
| Support Level 1 | 1199.93 | 2209.00 | 11698 | 696.87 |
| Support Level 2 | 1193.87 | 2191.00 | 11647 | 689.43 |
| Support Level 3 | 1184.73 | 2166.00 | 11563 | 678.17 |
Continue reading “Gold in the Markets | Support and Resistance Levels”