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Weekly Futures Trading Newsletter | Support and Resistance Levels

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 Reports for Friday, January 9, 2012

1. Market Commentary

Wishing all of you a great weekend.

Excellent reading material on our weekly newsletter:
https://www.cannontrading.com/news/trading-beliefs-hot-market-e-mini-dow-futures

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 1287.40 2384.00 12448 765.13
Resistance Level 2 1282.30 2372.00 12406 759.07
Resistance Level 1 1278.40 2362.00 12358 753.43
Pivot Point 1273.30 2350.00 12316 747.37
Support Level 1 1269.40 2340.00 12268 741.73
Support Level 2 1264.30 2328.00 12226 735.67
Support Level 3 1260.40 2318.00 12178 730.03

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

Contract Feb. Gold Dec. Euro Jan. Crude Oil March. Bonds
Resistance Level 3 1653.7 1.2914 104.65 145 22/32
Resistance Level 2 1643.0 1.2867 103.73 144 15/32
Resistance Level 1 1630.4 1.2797 102.73 143 24/32
Pivot Point 1619.7 1.2750 101.81 142 17/32
Support Level 1 1607.1 1.2680 100.81 141 26/32
Support Level 2 1596.4 1.2633 99.89 140 19/32
Support Level 3 1583.8 1.2563 98.89 139 28/32

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

Contract March Corn March Wheat Jan. Beans March. Silver
Resistance Level 3 654.2 639.7 1235.00 3013.3
Resistance Level 2 651.8 636.6 1226.50 2979.7
Resistance Level 1 647.7 630.7 1211.50 2924.3
Pivot Point 645.3 627.6 1203.00 2890.7
Support Level 1 641.2 621.7 1188.0 2835.3
Support Level 2 638.8 618.6 1179.50 2801.7
Support Level 3 634.7 612.7 1164.50 2746.3


5. Economic Reports

German Trade Balance
2:00am

French Trade Balance
2:45am

Sentix Investor Confidence
4:30am

German Industrial Production
6:00am

FOMC Member Lockhart Speaks
12:40pm

Consumer Credit
3:00pm

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

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