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Tuesday May 15th Support and Resistance Levels – Gold, Oil, S&P and More

 

Jump to a section in this post:
1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
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 May 16, 2012

 

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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.

2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000

Contract (June 2012) SP500
(big & Mini)
Nasdaq100
(big & Mini)
Dow Jones
(big & Mini)
Mini Russell Dollar Index
Resistance 3 1356.23 2651.50 12840 794.23 82.51
Resistance 2 1349.37 2634.00 12781 789.47 81.98
Resistance 1 1339.43 2608.00 12698 783.13 81.69
Pivot 1332.57 2590.50 12639 778.37 81.16
Support 1 1322.63 2564.50 12556 772.03 80.87
Support 2 1315.77 2547.00 12497 767.27 80.34
Support 3 1305.83 2521.00 12414 760.93 80.05

3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds

Contract June Gold June Euro June Crude Oil June Bonds
Resistance 3 1580.7 1.2977 97.24 147 24/32
Resistance 2 1572.6 1.2924 96.36 147 6/32
Resistance 1 1557.5 1.2829 94.82 146 28/32
Pivot 1549.4 1.2776 93.94 146 10/32
Support 1 1534.3 1.2681 92.40 146
Support 2 1526.2 1.2628 91.52 145 14/32
Support 3 1511.1 1.2533 89.98 145 4/32

4. Support & Resistance Levels for Corn, Wheat, Beans and Silver

Contract July Corn July Wheat July Beans July Silver
Resistance 3 616.8 620.8 1453.67 2908.0
Resistance 2 607.3 617.5 1434.33 2875.5
Resistance 1 602.3 613.0 1423.67 2821.5
Pivot 592.8 609.8 1404.33 2789.0
Support 1 587.8 605.3 1393.7 2735.0
Support 2 578.3 602.0 1374.33 2702.5
Support 3 573.3 597.5 1363.67 2648.5


5. Economic Reports

4:00am EUR
Italian Trade Balance

5:00am EUR
CPI y/y

5:00am EUR
Core CPI y/y

5:00am EUR
Trade Balance

Tentative EUR
German 10-y Bond Auction

8:30am USD
Building Permits

8:30am USD
Housing Starts

9:15am USD
Capacity Utilization Rate

9:15am USD
Industrial Production m/m

10:00am USD
ECB President Draghi Speaks

10:00am USD
Mortgage Delinquencies

10:30am USD
Crude Oil Inventories

2:00pm USD
FOMC Meeting Minutes

Tentative USD
Treasury Currency Report

Tags: > > Posted in: Commodity Trading   | Future Trading News  

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