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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 October 2, 2012

 

Hello Traders,

Reading Supply & Demand: What is the Smart Money Doing?

Join us for a Webinar on October 2

Space is limited.
Reserve your Webinar seat now at:
https://www2.gotomeeting.com/register/578793218

Join us for a trading webinar with my colleague Thomas DeLello over at OrderFlowEdge.com who has traded Futures for  the past 16 years.

The Futures training webinar will take place on
Tuesday, October 2nd at 3:15 p.m. CST where Thomas will demonstrate
exactly how he uses ‘Order Flow’ and specific trading ‘Zones’ to
identify where the Smart and Big Money is moving in the market.

During his training webinar, you will discover:

– How he uses the Supply and Demand imbalance to create his
market map. (Don’t know what ‘Supply and Demand imbalance’ is yet?
Don’t worry, you will by the end of this training webinar!)

– How to ‘read’ the Supply and Demand Zones to know where the
reaction is expected to occur to ‘correct’ the imbalance in the market.

– How to leverage where the Smart and Big Money is for possible better trade set ups

 

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: Reading Supply & Demand: What is the Smart Money Doing?
Date: Tuesday, October 2, 2012
Time: 1:15 PM – 2:00 PM PDT

 

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 1463.57 2855.67 13605 859.17 495.83
Resistance 2 1457.38 2839.33 13565 852.23 491.37
Resistance 1 1447.07 2811.67 13500 844.37 482.93
Pivot 1440.88 2795.33 13460 837.43 478.47
Support 1 1430.57 2767.67 13395 829.57 470.03
Support 2 1424.38 2751.33 13355 822.63 465.57
Support 3 1414.07 2723.67 13290 814.77 457.13
Contract Dec Gold Dec. Silver Nov. Crude Oil Dec. Bonds Dec. Euro
Resistance 3 1820.5 3659.5 95.40 150 30/32 1.3097
Resistance 2 1807.5 3602.0 94.36 150 14/32 1.3024
Resistance 1 1791.8 3536.0 93.33 150  4/32 1.2960
Pivot 1778.8 3478.5 92.29 149 20/32 1.2887
Support 1 1763.1 3412.5 91.26 149 10/32 1.2823
Support 2 1750.1 3355.0 90.22 148 26/32 1.2750
Support 3 1734.4 3289.0 89.19 148 16/32 1.2686
Contract Dec. Corn Dec. Wheat Nov. Beans Dec. SoyMeal Dec. bean Oil
Resistance 3 775.0 910.1 1606.83 495.83 52.28
Resistance 2 769.3 900.9 1597.42 491.37 52.02
Resistance 1 763.0 892.6 1578.83 482.93 51.61
Pivot 757.3 883.4 1569.42 478.47 51.35
Support 1 751.0 875.1 1550.8 470.0 50.9
Support 2 745.3 865.9 1541.42 465.57 50.68
Support 3 739.0 857.6 1522.83 457.13 50.27

 


5. Economic Reports

All times are Eastern time Zone (EST)

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

Date 3:25pm Currency Impact Detail Actual Forecast Previous Graph
Tue

Oct 2
 3:00am EUR
Spanish Unemployment Change
38.2K
5:00am EUR
PPI m/m
0.6% 0.4%
All Day USD
Total Vehicle Sales
14.4M 14.5M

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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