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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 Wednesday October 17, 2012

 

Hello Traders,

Be patient and stay disciplined.

 

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 1462.50 2823.67 13568 842.27 469.47
Resistance 2 1456.50 2799.33 13527 837.83 465.93
Resistance 1 1453.00 2785.67 13498 835.07 459.37
Pivot 1447.00 2761.33 13457 830.63 455.83
Support 1 1443.50 2747.67 13428 827.87 449.27
Support 2 1437.50 2723.33 13387 823.43 445.73
Support 3 1434.00 2709.67 13358 820.67 439.17
Contract Dec Gold Dec. Silver Nov. Crude Oil Dec. Bonds Dec. Euro
Resistance 3 1765.5 3357.3 93.50 149 11/32 1.3218
Resistance 2 1757.2 3332.7 92.91 149  2/32 1.3143
Resistance 1 1752.7 3314.8 92.48 148 19/32 1.3099
Pivot 1744.4 3290.2 91.89 148 10/32 1.3024
Support 1 1739.9 3272.3 91.46 147 27/32 1.2980
Support 2 1731.6 3247.7 90.87 147 18/32 1.2905
Support 3 1727.1 3229.8 90.44 147  3/32 1.2861
Contract Dec. Corn Dec. Wheat Nov. Beans Dec. SoyMeal Dec. bean Oil
Resistance 3 752.2 857.7 1526.83 469.47 50.79
Resistance 2 748.1 855.6 1519.92 465.93 50.65
Resistance 1 743.2 851.7 1506.83 459.37 50.56
Pivot 739.1 849.6 1499.92 455.83 50.42
Support 1 734.2 845.7 1486.8 449.3 50.3
Support 2 730.1 843.6 1479.92 445.73 50.19
Support 3 725.2 839.7 1466.83 439.17 50.10


5. Economic Reports

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

All times are Eastern time Zone (EST)

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

Oct 17
 8:30am USD
Building Permits
0.81M 0.80M
8:30am USD
Housing Starts
0.77M 0.75M
10:30am USD
Crude Oil Inventories
1.4M 1.7M

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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