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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
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – March Corn, March Wheat, Jan Beans, March Silver
5.Economic Report for February 23, 2012

Two videos from the webinar:
Using auto trailing stops to day-trade crude oil futures

Using overbought/oversold ALGORITHM along with preset exits to day trade Mini S&P 500 Futures

To learn more about our FREE charting package and other information presented in these videos, please visit us at:
https://www.cannontrading.com/contact-info.php

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

Contract (Dec. 2011) SP500
(big & Mini)
Nasdaq100
(big & Mini)
Dow Jones
(big & Mini)
Mini Russell
Resistance Level 3 1378.27 2637.67 13122 848.37
Resistance Level 2 1370.28 2618.83 13049 838.13
Resistance Level 1 1366.27 2607.67 13007 832.87
Pivot Point 1358.28 2588.83 12934 822.63
Support Level 1 1354.27 2577.67 12892 817.37
Support Level 2 1346.28 2558.83 12819 807.13
Support Level 3 1342.27 2547.67 12777 801.87

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

Contract April. Gold March Euro Feb. Crude Oil March. Bonds
Resistance Level 3 1805.4 1.3560 111.83 144 12/32
Resistance Level 2 1797.4 1.3467 110.04 143 21/32
Resistance Level 1 1789.2 1.3417 109.04 143 4/32
Pivot Point 1781.2 1.3324 107.25 142 13/32
Support Level 1 1773.0 1.3274 106.25 141 28/32
Support Level 2 1765.0 1.3181 104.46 141 5/32
Support Level 3 1756.8 1.3131 103.46 140 20/32

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

Contract March Corn March Wheat March Beans March. Silver
Resistance Level 3 654.7 647.0 1295.67 3730.7
Resistance Level 2 649.3 645.0 1290.83 3645.8
Resistance Level 1 645.9 643.0 1287.17 3592.7
Pivot Point 640.6 641.0 1282.33 3507.8
Support Level 1 637.2 639.0 1278.7 3454.7
Support Level 2 631.8 637.0 1273.83 3369.8
Support Level 3 628.4 635.0 1270.17 3316.7


5. Economic Reports

4:00am EUR
Italian Retail Sales m/m

9:55am USD
Revised UoM Consumer Sentiment

9:55am USD
Revised UoM Inflation Expectations

10:00am USD
New Home Sales

10:45am USD
FOMC Member Williams Speaks

1:30pm USD
FOMC Member Dudley Speaks

Sat
Feb 25 Day 1 ALL
G20 Meetings

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

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