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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.

In this post:

1. Market Commentary
2. Support and Resistance Levels
3. December Mini S&P 500 Continuous Futures chart
4. Economic Reports
5. Highlighted Earnings Releases

1. Market Commentary

FRONT MONTH FOR EQUITIES AND BONDS IS DECEMBER

SYMBOL FOR DECEMBER IS Z

From a technical perspective, Dec. Mini Sp must hold above 1130.00 to have a chance of a meaningful bounce, a break below that level and we should test 1071.25 which is the equivalent for the Sept. lows of 1077.

Have a great weekend and be ready for a full, volatile trading week coming up.

Dec. mini SP continuous chart for your review below:

GOOD TRADING!

2. SUPPORT AND RESISTANCE LEVELS!

Contract (Sept. 2011) SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1193.67 2286.92 11639 728.60
Resistance 2 1181.48 2255.08 11470 713.60
Resistance 1 1165.37 2208.67 11192 692.20
Pivot 1153.18 2176.83 11023 677.20
Support 1 1137.07 2130.42 10745 655.80
Support 2 1124.88 2098.58 10576 640.80
Support 3 1108.77 2052.17 10298 619.40

 

Contract Dec. Gold Sept. Euro Oct. Crude Oil Dec. Bonds
Resistance 3 1916.5 1.4167 93.15 144
Resistance 2 1894.1 1.4051 91.32 142 25/32
Resistance 1 1876.8 1.3857 89.29 142
Pivot 1854.4 1.3741 87.46 140 25/32
Support 1 1837.1 1.3547 85.43 140
Support 2 1814.7 1.3431 83.60 138 25/32
Support 3 1797.4 1.3237 81.57 138

3. December Mini S&P 500 Continuous Futures chart from September 9th, 2011

December Mini S&P 500 Continuous Futures chart from September 9th, 2011

4. Economic Reports Monday September 12th, 2011

FOMC Member Fisher Speaks
4:00pm USD

Economics Report Source: http://www.forexfactory.com/calendar.php

5. Today’s Highlighted Earnings Releases

SYMBOL COMPANY EVENT TITLE EPS ESTIMATE EPS ACTUAL PREV. YEAR ACTUAL DATE/TIME (ET)
KR Kroger Co Q2 2011 Kroger Co Earnings Release $ 0.43 n/a $ 0.41 9-Sep BMO
DMF.BE Del Monte Foods Co Q1 2012 Del Monte Foods Co Earnings Release n/a n/a n/a 9-Sep
HURC HurCo Companies Inc Q3 2011 HurCo Companies Inc Earnings Release $ 0.43 n/a -$ 0.18 9-Sep BMO
OPTT Ocean Power Technologies Inc Q1 2012 Ocean Power Technologies Inc Earnings Release -$ 0.36 n/a -$ 0.61 9-Sep BMO
PNY Piedmont Natural Gas Co Inc Q3 2011 Piedmont Natural Gas Co Inc Earnings Release -$ 0.12 n/a -$ 0.13 9-Sep BMO
ACET Aceto Corp Q4 2011 Aceto Corp Earnings Release $ 0.12 n/a $ 0.17
Tags: Posted in: Commodity Trading   | Futures Trading  

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