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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 Tuesday November 20, 2012

 

Hello Traders,

Divergence; A trading tool you can begin using immediately in your own trading

Join us for a Webinar on November 20

Space is limited.
Reserve your Webinar seat now at:
https://www2.gotomeeting.com/register/616488538

 

The terms ‘divergence’ and ‘convergence’ have been around in the trading sphere for years, but do you know how to properly read these indicators and more importantly, can they help you make better trading decisions?
Join Greg Weitzman founder and president of TheTradingZone as he dissects and reveals how to effectively use divergence in your own trading. For every indicator there is a right way and a wrong way to use them, and ways to  help improve their reliability.
This is a one hour free educational webinar, you will leave with tools and setups you can start using immediately in your own trading.
Register early as Greg is known to draw a crowd and space is limited
As a bonus, all attendees will also get

1. a 30 day demo account from Cannon Trading with our live, advanced charting package that Greg will be using during the webinar
2. a 7 day pass to the Live Trading Room

 

SEATS ARE LIMITED, SO DON’T MISS THIS SPECIAL FREE WEBINAR!

Risk: 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.

Title: Divergence, A trading tool you can begin using immediately in your own trading
Date: Tuesday, November 20, 2012
Time: 1:30 PM – 2:30 PM PST

After registering you will receive a confirmation email containing information about joining the Webinar.

System Requirements
PC-based attendees
Required: Windows® 7, Vista, XP or 2003 Server

Mac®-based attendees
Required: Mac OS® X 10.5 or newer

Mobile attendees
Required: iPhone®, iPad®, Android™ phone or Android tablet

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 1414.58 2672.58 12897 812.27 436.03
Resistance 2 1399.17 2633.42 12823 801.73 433.27
Resistance 1 1391.08 2612.83 12787 796.17 428.93
Pivot 1375.67 2573.67 12713 785.63 426.17
Support 1 1367.58 2553.08 12677 780.07 421.83
Support 2 1352.17 2513.92 12603 769.53 419.07
Support 3 1344.08 2493.33 12567 763.97 414.73
Contract Dec Gold Dec. Silver Jan. Crude Oil Dec. Bonds Dec. Euro
Resistance 3 1762.9 3439.5 92.95 152  4/32 1.2924
Resistance 2 1749.2 3380.5 91.37 151 27/32 1.2874
Resistance 1 1740.8 3346.5 90.26 151 21/32 1.2843
Pivot 1727.1 3287.5 88.68 151 12/32 1.2793
Support 1 1718.7 3253.5 87.57 151  6/32 1.2762
Support 2 1705.0 3194.5 85.99 150 29/32 1.2712
Support 3 1696.6 3160.5 84.88 150 23/32 1.2681
Contract Dec. Corn Dec. Wheat Jan. Beans Dec. SoyMeal Dec. bean Oil
Resistance 3 756.1 844.0 1410.50 436.03 48.81
Resistance 2 750.2 843.3 1406.25 433.27 48.61
Resistance 1 746.3 842.5 1400.50 428.93 48.41
Pivot 740.4 841.8 1396.25 426.17 48.21
Support 1 736.6 841.0 1390.5 421.8 48.0
Support 2 730.7 840.3 1386.25 419.07 47.81
Support 3 726.8 839.5 1380.50 414.73 47.61

5. Economic Reports

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

All times are Eastern time Zone (EST)

Date 3:56pm Currency Impact Detail Actual Forecast Previous Graph
Mon

Nov 19
3:30am EUR
German Buba President Weidmann Speaks
10:00am USD
Existing Home Sales
4.79M 4.76M 4.69M
10:00am USD
NAHB Housing Market Index
46 41 41

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 trading

Tags: > > > Posted in: Future Trading News  

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