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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 22, 2012

1. Market Commentary

Hello Traders,
We came back fro President’s Day long weekend to find crude up over $2.00.
Gold followed on the same uncertainties and finished up $35
Our stock market on the other hand, finished unchanged on another less than avg. volume.
WEEKLY chart of mini SP 500 for your review below. We are trading against the high from last May and it will be interesting to see what type of price action and volume we will see here.

Market Commentary

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 1374.50 2592.33 13053 845.00
Resistance Level 2 1370.00 2597.67 13017 838.80
Resistance Level 1 1365.00 2564.33 12978 830.40
Pivot Point 1360.50 2569.67 12942 824.20
Support Level 1 1355.50 2536.33 12903 815.80
Support Level 2 1351.00 2541.67 12867 809.60
Support Level 3 1346.00 2508.33 12828 801.20

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 1800.5 1.3404 108.72 142 30/32
Resistance Level 2 1781.1 1.3350 107.60 142 14/32
Resistance Level 1 1771.0 1.3296 106.85 141 30/32
Pivot Point 1751.6 1.3242 105.73 141 14/32
Support Level 1 1741.5 1.3188 104.98 140 30/32
Support Level 2 1722.1 1.3134 103.86 140 14/32
Support Level 3 1712.0 1.3080 103.11 139 30/32

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

Contract March Corn March Wheat March Beans March. Silver
Resistance Level 3 646.9 649.3 1291.67 3575.2
Resistance Level 2 641.8 643.7 1283.33 3510.8
Resistance Level 1 635.7 638.3 1277.17 3473.7
Pivot Point 630.6 632.7 1268.83 3409.3
Support Level 1 624.4 627.3 1262.7 3372.2
Support Level 2 619.3 621.7 1254.33 3307.8
Support Level 3 613.2 616.3 1248.17 3270.7


5. Economic Reports

3:00am EUR
French Flash Services PMI

3:30am EUR
German Flash Manufacturing PMI

3:30am EUR
German Flash Services PMI

4:00am EUR
Flash Manufacturing PMI

4:00am EUR
Flash Services PMI

5:00am EUR
Industrial New Orders m/m

9:00am EUR
Belgium NBB Business Climate

10:00am USD
Existing Home Sales

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