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

1. Market Commentary
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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 |

Continue reading “Market Commentary – Support and Resistance Levels”