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TheTradeNews.com December 2011/January 2012 Outlook | Support and Resistance Levels

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 and Silver
5. Economic Reports for Monday, December 5, 2011

 


 

1. Market Commentary – TheTradeNews.com December 2011/January 2012 Outlook

Act Now! Don’t Delay!

The past year has been characterized by a series of false starts that ended in successive failures to restore confidence in the economy and markets. The shaky global economy, battered by the 2008 financial swoon, kept trying to get up off the mat only to be clobbered again by prevaricating politicians who failed to lead us out of crisis and by a series of once-in-a-generation events, which never allowed markets to gain any traction. The Japan earthquake, the Arab Spring, the debt ceiling debacle in Washington, and round two of the Greek crisis cut short nascent rallies in confidence. The equal and opposite reaction has been a mounting pile of uncertainty, growing as fast as the debt levels in troubled economies.
The failure to restore confidence has led to subpar growth in the G7 which is starting to erode the Asian economic boom as well. Economists have trimmed growth expectations for this year and next, with many now predicting Europe is bound for recession, which could in turn drag the US into a double dip, and dent China which relies on Europe as its biggest export market.
In the face of these dark clouds gathering, political leaders are failing to act boldly on a global scale. Washington remains at loggerheads over the most meager deficit reduction plans, Beijing has only started to realize it may need to brace for a hard economic landing, and Brussels keeps putting off its day of reckoning by agreeing to “plans for a plan.” Central banks have papered over some of the politicians’ mistakes, but can only do so much. The global economy will continue to suffer and may even spiral lower if political leaders continue to kick the can down the road and don’t rally at this perilous moment to enact forceful strategies to restore confidence.
You can access the full article HERE

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 1271.83 2355.00 12210 757.07
Resistance Level 2 1265.72 2344.00 12170 751.43
Resistance Level 1 1255.23 2322.00 12090 742.77
Pivot Point 1249.12 2311.00 12050 737.13
Support Level 1 1238.63 2289.00 11970 728.47
Support Level 2 1232.52 2278.00 11930 722.83
Support Level 3 1222.03 2256.00 11850 714.17

 

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 3 1784.6 1.3704 103.52 144 28/32
Resistance Level 2 1775.9 1.3627 102.54 143 13/32
Resistance Level 1 1762.5 1.3516 101.72 142 22/32
Pivot Point 1753.8 1.3439 100.74 141 7/32
Support Level 1 1740.4 1.3328 99.92 140 16/32
Support Level 2 1731.7 1.3251 98.94 139 1/32
Support Level 3 1718.3 1.3140 98.12 138 10/32


4. Support and Resistance Levels – Corn, Wheat, Beans and Silver

Contract March Corn March Wheat Jan. Beans March Silver
Resistance Level 3 615.3 651.5 1158.00 3484.7
Resistance Level 2 610.5 641.8 1151.25 3429.3
Resistance Level 1 603.3 631.0 1141.75 3347.2
Pivot Point 598.5 621.3 1135.00 3291.8
Support Point 1 591.3 610.5 1125.5 3209.7
Support Level 2 586.5 600.8 1118.75 3154.3
Support Level 3 579.3 590.0 1109.25 3072.2

 


5. Economic Reports

Sentix Investor confidence
4:30am

Retail Sales
5:00am

German Industrial Production
6:00am

Loan Officer Survey
2:00pm

Consumer Credit
3:00pm

Tags: > Posted in: Future Trading News   | Futures Trading   | Trading Guide  

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