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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 May 30, 2012

Hello Traders,

Locating Accurate, Real-Time Support and Resistance Levels for Intraday Trading

Join us for a Webinar on May 30

Space is limited.

https://www2.gotomeeting.com/register/877581714

Join Greg Weitzman, president and founder of TheTradingZone.com for this educational webinar Market Profile and Volume Nodes, How to locate unique and accurate Support and resistance levels for your intraday trading.

Because Volume is what drives the markets!

In this hour presentation Greg will show you just how easy it is to use Volume based Market Profile in your own trading to locate these highly accurate levels.

As a bonus, all attendees will also get

1. A 30 day demo account from Cannon Trading with our live, advanced charting package
2. A7 day pass to the Live Trading Room
3. a substantial discount on membership at TheTradingZone.com

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: Locating accurate, real-time support & resistance levels for intraday trading
Date: Wednesday, May 30, 2012
Time: 1:30 PM – 2:30 PM PDT

After registering you will receive a confirmation email containing information about joining the Webinar.

System Requirements

PC-based attendees
Required: Windows® 7, Vista, XP or 2003 Server

Macintosh®-based attendees
Required: Mac OS® X 10.5 or newer

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.

 

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

Contract June 2012 SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell Dollar Index
Resistance 3 1347.77 2612.67 12708 793.40 83.37
Resistance 2 1340.63 2591.83 12652 785.90 83.04
Resistance 1 1336.07 2575.67 12613 780.90 82.79
Pivot 1328.93 2554.83 12557 773.40 82.46
Support 1 1324.37 2538.67 12518 768.40 82.21
Support 2 1317.23 2517.83 12462 760.90 81.88
Support 3 1312.67 2501.67 12423 755.90 81.63

 

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

Contract Aug Gold June Euro July Crude Oil June Bonds
Resistance 3 1615.2 1.2672 93.88 149 4/32
Resistance 2 1600.0 1.2623 93.04 148 22/32
Resistance 1 1578.4 1.2559 91.92 148 3/32
Pivot 1563.2 1.2510 91.08 147 21/32
Support 1 1541.6 1.2446 89.96 147 2/32
Support 2 1526.4 1.2397 89.12 146 20/32
Support 3 1504.8 1.2333 88.00 146 1/32

 

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

Contract July Corn July Wheat July Beans July Silver
Resistance 3 601.7 673.2 1418.50 2938.5
Resistance 2 591.8 669.6 1410.25 2902.5
Resistance 1 577.2 663.2 1398.50 2843.0
Pivot 567.3 659.6 1390.25 2807.0
Support 1 552.7 653.2 1378.5 2747.5
Support 2 542.8 649.6 1370.25 2711.5
Support 3 528.2 643.2 1358.50 2652.0

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

5. Economic Reports

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

Wed

May 30

 Up Next 4:00am EUR
M3 Money Supply y/y
3.4%
3.2%
Up Next 4:00am EUR
Private Loans y/y
0.7%
0.6%
4:10am EUR
Retail PMI
41.3
Tentative EUR
Italian 10-y Bond Auction
5.66|2.3
10:00am USD
Pending Home Sales m/m
0.0%
4.1%
11:30am EUR
ECB President Draghi Speaks
1:30pm USD
FOMC Member Dudley Speaks

 

 

Tags: > > > Posted in: Day Trading Webinar   | Trading Webinar  

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