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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 September 25, 2012


Hello Traders,

Screen shot from todays “live trading signals” session of the mini Russell 2000 below for your review.


During this daily screen sharing, I have my screen up for live viewing along with several charts of different markets. The charts include potential buy/ sell signals along with possible targets/ stops etc.


While there is rarely any voice commentary, i do answer questions during these sessions


The charts include some of my proprietry studies and ALGO I have developed that look for “turning points” in the markets on a day-trading basis.


I offer a two week trial period where one can get a daily invitation to view my charts running live AND/OR install the custom indicators on their own SIERRA charts so it can be applied to different markets and different time frames.


The trial is free. If one decides to subscribe to the service, the cost is $119 per month if you are a client of Cannon trading and $199 per month if you are not a client.



Mini Russell 2000 Intraday chart September 24,2012



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 1464.50 2865.33 13623 861.40 499.67
Resistance 2 1459.25 2855.17 13577 857.70 493.73
Resistance 1 1455.50 2847.33 13543 852.80 488.97
Pivot 1450.25 2837.17 13497 849.10 483.03
Support 1 1446.50 2829.33 13463 844.20 478.27
Support 2 1441.25 2819.17 13417 840.50 472.33
Support 3 1437.50 2811.33 13383 835.60 467.57
Contract Dec Gold Dec. Silver Nov. Crude Oil Dec. Bonds Dec. Euro
Resistance 3 1793.1 3551.2 95.14 148 31/32 1.3074
Resistance 2 1784.2 3504.8 94.16 148 14/32 1.3033
Resistance 1 1775.7 3455.7 93.02 148 1.2985
Pivot 1766.8 3409.3 92.04 147 15/32 1.2944
Support 1 1758.3 3360.2 90.90 147  1/32 1.2896
Support 2 1749.4 3313.8 89.92 146 16/32 1.2855
Support 3 1740.9 3264.7 88.78 146  2/32 1.2807
Contract Dec. Corn Dec. Wheat Nov. Beans Dec. SoyMeal Dec. bean Oil
Resistance 3 759.0 908.0 1642.00 499.67 55.21
Resistance 2 752.8 902.0 1629.00 493.73 54.72
Resistance 1 748.8 897.0 1619.50 488.97 54.44
Pivot 742.5 891.0 1606.50 483.03 53.95
Support 1 738.5 886.0 1597.0 478.3 53.7
Support 2 732.3 880.0 1584.00 472.33 53.18
Support 3 728.3 875.0 1574.50 467.57 52.90


5. Economic Reports


All times are Eastern time Zone (EST)

Date 4:02pm Currency Impact Detail Actual Forecast Previous Graph

Sep 25
 2:00am EUR
GfK German Consumer Climate
6.0 5.9
9:00am EUR
ECB President Draghi Speaks
9:00am USD
S&P/CS Composite-20 HPI y/y
1.3% 0.5%
10:00am USD
CB Consumer Confidence
63.1 60.6
10:00am USD
HPI m/m
0.4% 0.7%
10:00am USD
Richmond Manufacturing Index
-6 -9
1:30pm USD
Treasury Sec Geithner Speaks

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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