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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 1, 2012

 

Hello Traders,

 

Moving Averages and the Wave Principle
Improve your Elliott wave pattern identification skills with this lesson from Jeffrey Kennedy
By Elliott Wave International

EWI Senior Analyst Jeffrey Kennedy teaches you a little-known fact about moving averages. Read more.

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 1430.67 2720.50 13201 830.77 483.80
Resistance 2 1423.08 2697.00 13138 824.43 480.60
Resistance 1 1417.67 2681.75 13104 820.57 474.80
Pivot 1410.08 2658.25 13041 814.23 471.60
Support 1 1404.67 2643.00 13007 810.37 465.80
Support 2 1397.08 2619.50 12944 804.03 462.60
Support 3 1391.67 2604.25 12910 800.17 456.80
Contract Dec Gold Dec. Silver Dec. Crude Oil Dec. Bonds Dec. Euro
Resistance 3 1703.2 3199.3 87.85 150 21/32 1.2911
Resistance 2 1694.7 3162.2 86.87 150  2/32 1.2879
Resistance 1 1689.5 3139.8 86.31 149 20/32 1.2836
Pivot 1681.0 3102.7 85.33 149  1/32 1.2804
Support 1 1675.8 3080.3 84.77 148 19/32 1.2761
Support 2 1667.3 3043.2 83.79 148 1.2729
Support 3 1662.1 3020.8 83.23 147 18/32 1.2686
Contract Dec. Corn Dec. Wheat Jan. Beans Dec. SoyMeal Dec. bean Oil
Resistance 3 753.1 879.1 1537.83 483.80 49.38
Resistance 2 748.7 876.2 1530.42 480.60 49.14
Resistance 1 742.1 871.1 1516.83 474.80 48.73
Pivot 737.7 868.2 1509.42 471.60 48.49
Support 1 731.1 863.1 1495.8 465.8 48.1
Support 2 726.7 860.2 1488.42 462.60 47.84
Support 3 720.1 855.1 1474.83 456.80 47.43

 


5. Economic Reports

All times are Eastern time Zone (EST)

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

Date 3:30pm Currency Impact Detail Actual Forecast Previous Graph
Tue

Nov 6
3:15am EUR
Spanish Services PMI
40.2
3:45am EUR
Italian Services PMI
44.5
4:00am EUR
Final Services PMI
46.2 46.2
5:00am EUR
PPI m/m
0.3% 0.9%
6:00am EUR
German Factory Orders m/m
-0.3% -1.3%
All Day USD
Presidential Election
All Day USD
Congressional Elections

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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