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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 October 11, 2012


Hello Traders,

Special feature from our friends at: www.terrapinn.com

Download Whitepaper: How to Game a Dark Pool

Dark pools were created under the premise that large orders will realize better executions if the orders remained hidden. Theoretically, this would protect them from market participants seeking predatory opportunities to trade against, or “game”, the large order. If dark pools are the home for large trade execution, one wonders why the average trade size of most dark pools is only a few hundred shares.

Download Peter Berdeklis’ whitepaper to read more

In his whitepaper “How to Game a Dark Pool”, Peter Berdeklis of Maple Securities discusses how to game orders from dark pools, using Canada’s own Alpha’s IntraSpread as an example. Peter answers the questions:

-What are gaming strategies dependent on?
-Can special order types prevent gaming?
-What makes gaming more difficult?
-Does relative volume affect dark pool executions?

Find out the answers to these and more by downloading the whitepaper.

Get your copy here

Peter will be participating in a panel on dark pools this October at Quant Invest Canada. The panel will address:
-Will dark pools continue to grow in Canada?
-How do dark pools impact market liquidity?
-What is the current development stage of dark pool trading in Canada?
-Why do investors trade (or not) in dark pools?
-How to best integrate dark trading into existing public trading structure?

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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 1446.10 2768.50 13443 846.07 498.23
Resistance 2 1442.55 2756.50 13407 840.03 488.87
Resistance 1 1435.90 2736.50 13338 833.77 480.53
Pivot 1432.35 2724.50 13302 827.73 471.17
Support 1 1425.70 2704.50 13233 821.47 462.83
Support 2 1422.15 2692.50 13197 815.43 453.47
Support 3 1415.50 2672.50 13128 809.17 445.13
Contract Dec Gold Dec. Silver Nov. Crude Oil Dec. Bonds Dec. Euro
Resistance 3 1793.7 3490.7 95.09 151 1/32 1.3113
Resistance 2 1785.1 3464.3 94.01 150 5/32 1.3037
Resistance 1 1777.3 3434.2 93.24 149 23/32 1.2986
Pivot 1768.7 3407.8 92.16 148 27/32 1.2910
Support 1 1760.9 3377.7 91.39 148 13/32 1.2859
Support 2 1752.3 3351.3 90.31 147 17/32 1.2783
Support 3 1744.5 3321.2 89.54 147 3/32 1.2732
Contract Dec. Corn Dec. Wheat Nov. Beans Dec. SoyMeal Dec. bean Oil
Resistance 3 826.2 904.7 1597.33 498.23 52.73
Resistance 2 801.1 897.3 1582.17 488.87 52.35
Resistance 1 787.2 891.7 1565.33 480.53 51.84
Pivot 762.1 884.3 1550.17 471.17 51.46
Support 1 748.2 878.7 1533.3 462.8 51.0
Support 2 723.1 871.3 1518.17 453.47 50.57
Support 3 709.2 865.7 1501.33 445.13 50.06


5. Economic Reports


All times are Eastern time Zone (EST)

Date 3:46pm Currency Impact Detail Actual Forecast Previous Graph

Oct 12
 5:00am EUR
Industrial Production m/m
-0.4% 0.5%
8:30am USD
PPI m/m
0.8% 1.7%
8:30am USD
Core PPI m/m
0.2% 0.2%
9:55am USD
Prelim UoM Consumer Sentiment
78.1 78.3
9:55am USD
Prelim UoM Inflation Expectations
12:35pm USD
FOMC Member Lacker Speaks
2:00pm USD
Federal Budget Balance
59.0B -190.5B
Day 2 ALL
IMF Meetings

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

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