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 – Corn, Wheat, Beans, Silver
5. Economic Reports for Wednesday, November 23, 2011
Short trading week with Thanksgiving on Thursday.
Make sure you pay attention to trading hours for both Thursday and Friday this week.
Example below is for STOCK INDEX futures trading on globex. Make sure to visit the links below for complete trading holiday schedule for markets of your interest:
Wednesday Nov. 23rd – Regular close and regular re-open at 15:30 central time
Thursday Nov. 24th – markets will HALT trading at 10:15 Am central time and resume trading at 17:00 Central time
Friday Nov. 25th – Markets will close at 12:15 central time.
Please visit CME at:
http://www.cmegroup.com/tools-information/holiday-calendar/files/2011-thanksgiving.pdf
and the ICE exchange at
https://www.theice.com/marketdata/calendar/CalendarList.shtml
GOOD TRADING!
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 | 1209.50 | 2260.33 | 11677 | 718.87 |
| Resistance Level 2 | 1202.25 | 2241.67 | 11613 | 712.63 |
| Resistance Level 1 | 1194.00 | 2227.83 | 11537 | 704.07 |
| Pivot Point | 1186.75 | 2209.17 | 11473 | 697.83 |
| Support Level 1 | 1178.50 | 2195.33 | 11397 | 689.27 |
| Support Level 2 | 1171.25 | 2176.67 | 11333 | 683.03 |
| Support Level 3 | 1163.00 | 2162.83 | 11257 | 674.47 |
3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds
| Contract | Dec. Gold | Dec. Euro | Nov. Crude Oil | Dec. Bonds |
| Resistance Level 3 | 1727.7 | 1.3661 | 101.02 | 145 15/32 |
| Resistance Level 2 | 1717.1 | 1.3615 | 99.86 | 144 25/32 |
| Resistance Level 1 | 1708.4 | 1.3560 | 98.87 | 144 17/32 |
| Pivot Point | 1697.8 | 1.3514 | 97.71 | 143 27/32 |
| Support Level 1 | 1689.1 | 1.3459 | 96.72 | 143 19/32 |
| Support Level 2 | 1678.5 | 1.3413 | 95.56 | 142 29/32 |
| Support Level 3 | 1669.8 | 1.3358 | 94.57 | 142 21/32 |
4.Support and Resistance Levels – Corn, Wheat, Beans, Silver
| Contract | Dec. Corn | Dec. Wheat | Jan. Beans | Dec. Silver |
| Resistance Level 3 | 610.5 | 609.7 | 1171.58 | 3536.7 |
| Resistance Level 2 | 606.0 | 603.3 | 1163.67 | 3420.3 |
| Resistance Level 1 | 603.3 | 598.7 | 1156.83 | 3348.7 |
| Pivot Point | 598.8 | 592.3 | 1148.92 | 3232.3 |
| Support Level 1 | 596.0 | 587.7 | 1142.1 | 3160.7 |
| Support Level 2 | 591.5 | 581.3 | 1134.17 | 3044.3 |
| Support Level 3 | 588.8 | 576.7 | 1127.33 | 2972.7 |
5. Economic Report for Wednesday November 23, 2011
French Flash Manufacturing PMI
3:00am
French Flash Services PMI
3:00am
German Flash Manufacturing PMI
3:30am
German Flash Services PMI
3:30am
Flash Manufacturing PMI
4:00am
Flash Services PMI
4:00am
Industrial New Orders m/m
5:00am
Core Durable Goods Orders m/m
8:30am
Unemployment Claims
8:30am
Core PCE Price Index m/m
8:30am
Durable Goods Orders m/m
8:30am
Personal Spending m/m
8:30am
Personal Income m/m
8:30am
Revised UoM Consumer Sentiment
9:55am
Revised UoM Inflation Expectations
9:55am
Crude Oil Inventories
10:30am
Natural Gas Storage
12:00pm
Treasury Currency Report
Tentative