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Support & Resistance Levels

This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Thursday November 22, 2012

 

Hello Traders,

Trading Levels & Economic Reports for  Thanksgiving

 

Hello Traders,

This is the last blog until Monday Nov. 26th.

Please take note of holiday trading hours below:
CME Globex® Thanksgiving Holiday Schedule
CME Group Equity Products
 Wednesday, Nov 21
1615 CT – Regular CME Globex close for trade date Wednesday, Nov 21
1700 CT – Regular CME Globex open for trade date Friday, Nov 23
Note: Day/Session orders entered after 1700 CT on Wednesday are for trade date Friday, Nov 23 and will continue working until Friday’s close at 1215 CT
Note: USD- Ibovespa Futures will remain closed until their 0515 open on
Thursday, Nov 22
Thursday, Nov 22
1030 CT – Trading halt
* Order entry, modification and cancellation allowed
1700 CT – Equity products resume trading
Note: USD- Ibovespa Futures will remain closed until their 0515 open on
Friday, Nov 23
Friday, Nov 23
1215 CT – Early CME Globex close for trade date Friday, Nov 23
For complete schedule of all markets please visit:

CME Group Thanksgiving Schedule

ICE Exchange Thanksgiving Schedule

 

Wishing all of you a great Thanksgiving holiday with family and loved ones!

 

GOOD TRADING!

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.

 

Contract Dec. 2012 SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell Dollar Index
Resistance 3 1404.75 2633.17 12863 807.00 442.43
Resistance 2 1397.00 2617.58 12837 801.80 438.97
Resistance 1 1392.50 2608.17 12823 798.60 433.43
Pivot 1384.75 2592.58 12797 793.40 429.97
Support 1 1380.25 2583.17 12783 790.20 424.43
Support 2 1372.50 2567.58 12757 785.00 420.97
Support 3 1368.00 2558.17 12743 781.80 415.43
Contract Dec Gold Dec. Silver Jan. Crude Oil Dec. Bonds Dec. Euro
Resistance 3 1748.5 3411.5 89.78 150 23/32 1.2959
Resistance 2 1740.2 3375.5 88.84 150 16/32 1.2898
Resistance 1 1734.9 3354.5 88.26 150 10/32 1.2862
Pivot 1726.6 3318.5 87.32 150 3/32 1.2801
Support 1 1721.3 3297.5 86.74 149 29/32 1.2765
Support 2 1713.0 3261.5 85.80 149 22/32 1.2704
Support 3 1707.7 3240.5 85.22 149 16/32 1.2668
Contract Dec. Corn Dec. Wheat Jan. Beans Dec. SoyMeal Dec. bean Oil
Resistance 3 754.8 845.7 1431.00 442.43 49.15
Resistance 2 751.8 845.6 1425.75 438.97 49.08
Resistance 1 748.5 845.4 1417.00 433.43 48.96
Pivot 745.5 845.3 1411.75 429.97 48.89
Support 1 742.3 845.2 1403.0 424.4 48.8
Support 2 739.3 845.1 1397.75 420.97 48.70
Support 3 736.0 844.9 1389.00 415.43 48.58

5. Economic Reports

source:http://www.forexfactory.com/calendar.php

All times are Eastern time Zone (EST)

Date 4:00pm Currency Impact Detail Actual Forecast Previous Graph
Thu

Nov 22
 3:00am EUR
French Flash Manufacturing PMI
44.1 43.7
3:00am EUR
French Flash Services PMI
45.3 44.6
3:30am EUR
German Flash Manufacturing PMI
45.9 46.0
3:30am EUR
German Flash Services PMI
48.5 48.4
4:00am EUR
Flash Manufacturing PMI
45.6 45.4
4:00am EUR
Flash Services PMI
46.1 46.0
Day 1 EUR
EU Economic Summit
Tentative EUR
Spanish 10-y Bond Auction
5.46|1.9
All Day USD
Bank Holiday
10:00am EUR
Consumer Confidence
-26 -26

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in tradin

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