{"id":2696,"date":"2011-12-05T00:16:44","date_gmt":"2011-12-05T08:16:44","guid":{"rendered":"http:\/\/www.cannontrading.com\/daily\/?p=2696"},"modified":"2017-07-03T04:03:43","modified_gmt":"2017-07-03T12:03:43","slug":"thetradenews-com-december-2011january-2012-outlook-support-and-resistance-levels","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/thetradenews-com-december-2011january-2012-outlook-support-and-resistance-levels\/","title":{"rendered":"TheTradeNews.com December 2011\/January 2012 Outlook | Support and Resistance Levels"},"content":{"rendered":"

Jump to a section in this post:<\/span>
\n1. Market Commentary<\/a><\/strong>
\n2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000<\/a><\/strong>
\n3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds<\/a><\/strong>
\n4. Support and Resistance Levels – Corn, Wheat, Beans and Silver<\/a><\/strong>
\n5. Economic Reports for Monday, December 5, 2011<\/a><\/strong><\/p>\n

 <\/p>\n

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\n<\/a><\/strong><\/p>\n

 <\/p>\n

1. Market Commentary – TheTradeNews.com December 2011\/January 2012 Outlook<\/strong><\/h3>\n

Act Now! Don’t Delay!<\/h2>\n

The past year has been characterized by a series of false starts that ended in successive failures to restore confidence in the economy and markets. The shaky global economy, battered by the 2008 financial swoon, kept trying to get up off the mat only to be clobbered again by prevaricating politicians who failed to lead us out of crisis and by a series of once-in-a-generation events, which never allowed markets to gain any traction. The Japan earthquake, the Arab Spring, the debt ceiling debacle in Washington, and round two of the Greek crisis cut short nascent rallies in confidence. The equal and opposite reaction has been a mounting pile of uncertainty, growing as fast as the debt levels in troubled economies.
\nThe failure to restore confidence has led to subpar growth in the G7 which is starting to erode the Asian economic boom as well. Economists have trimmed growth expectations for this year and next, with many now predicting Europe is bound for recession, which could in turn drag the US into a double dip, and dent China which relies on Europe as its biggest export market.
\nIn the face of these dark clouds gathering, political leaders are failing to act boldly on a global scale. Washington remains at loggerheads over the most meager deficit reduction plans, Beijing has only started to realize it may need to brace for a hard economic landing, and Brussels keeps putting off its day of reckoning by agreeing to “plans for a plan.” Central banks have papered over some of the politicians’ mistakes, but can only do so much. The global economy will continue to suffer and may even spiral lower if political leaders continue to kick the can down the road and don’t rally at this perilous moment to enact forceful strategies to restore confidence.
\nYou can access the full article HERE<\/a><\/p>\n

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<\/a>2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000<\/strong><\/h3>\n\n\n\n\n\n\n\n\n\n\n\n
Contract (Dec. 2011)<\/td>\nSP500
\n(big & Mini)<\/td>\n		Nasdaq100
\n(big & Mini)<\/td>\n		Dow Jones
\n(big & Mini)<\/td>\n		Mini Russell<\/td>\n<\/tr>\n<\/thead>\n
Resistance Level 3<\/td>\n1271.83<\/td>\n2355.00<\/td>\n12210<\/td>\n757.07<\/td>\n<\/tr>\n
Resistance Level 2<\/td>\n1265.72<\/td>\n2344.00<\/td>\n12170<\/td>\n751.43<\/td>\n<\/tr>\n
Resistance Level 1<\/td>\n1255.23<\/td>\n2322.00<\/td>\n12090<\/td>\n742.77<\/td>\n<\/tr>\n
Pivot Point<\/td>\n1249.12<\/td>\n2311.00<\/td>\n12050<\/td>\n737.13<\/td>\n<\/tr>\n
Support Level 1<\/td>\n1238.63<\/td>\n2289.00<\/td>\n11970<\/td>\n728.47<\/td>\n<\/tr>\n
Support Level 2<\/td>\n1232.52<\/td>\n2278.00<\/td>\n11930<\/td>\n722.83<\/td>\n<\/tr>\n
Support Level 3<\/td>\n1222.03<\/td>\n2256.00<\/td>\n11850<\/td>\n714.17<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

<\/a>3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds<\/strong><\/h3>\n\n\n\n\n\n\n\n\n\n\n\n
Contract<\/td>\nFeb. Gold<\/td>\nDec. Euro<\/td>\nJan. Crude Oil<\/td>\nMarch. Bonds<\/td>\n<\/tr>\n<\/thead>\n
Resistance 3<\/td>\n1784.6<\/td>\n1.3704<\/td>\n103.52<\/td>\n144 28\/32<\/td>\n<\/tr>\n
Resistance Level 2<\/td>\n1775.9<\/td>\n1.3627<\/td>\n102.54<\/td>\n143 13\/32<\/td>\n<\/tr>\n
Resistance Level 1<\/td>\n1762.5<\/td>\n1.3516<\/td>\n101.72<\/td>\n142 22\/32<\/td>\n<\/tr>\n
Pivot Point<\/td>\n1753.8<\/td>\n1.3439<\/td>\n100.74<\/td>\n141 7\/32<\/td>\n<\/tr>\n
Support Level 1<\/td>\n1740.4<\/td>\n1.3328<\/td>\n99.92<\/td>\n140 16\/32<\/td>\n<\/tr>\n
Support Level 2<\/td>\n1731.7<\/td>\n1.3251<\/td>\n98.94<\/td>\n139 1\/32<\/td>\n<\/tr>\n
Support Level 3<\/td>\n1718.3<\/td>\n1.3140<\/td>\n98.12<\/td>\n138 10\/32<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n


\n<\/strong><\/p>\n

4. Support and Resistance Levels – Corn, Wheat, Beans and Silver<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n
Contract<\/td>\nMarch Corn<\/td>\nMarch Wheat<\/td>\nJan. Beans<\/td>\nMarch Silver<\/td>\n<\/tr>\n<\/thead>\n
Resistance Level 3<\/td>\n615.3<\/td>\n651.5<\/td>\n1158.00<\/td>\n3484.7<\/td>\n<\/tr>\n
Resistance Level 2<\/td>\n610.5<\/td>\n641.8<\/td>\n1151.25<\/td>\n3429.3<\/td>\n<\/tr>\n
Resistance Level 1<\/td>\n603.3<\/td>\n631.0<\/td>\n1141.75<\/td>\n3347.2<\/td>\n<\/tr>\n
Pivot Point<\/td>\n598.5<\/td>\n621.3<\/td>\n1135.00<\/td>\n3291.8<\/td>\n<\/tr>\n
Support Point 1<\/td>\n591.3<\/td>\n610.5<\/td>\n1125.5<\/td>\n3209.7<\/td>\n<\/tr>\n
Support Level 2<\/td>\n586.5<\/td>\n600.8<\/td>\n1118.75<\/td>\n3154.3<\/td>\n<\/tr>\n
Support Level 3<\/td>\n579.3<\/td>\n590.0<\/td>\n1109.25<\/td>\n3072.2<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

\"\"
\n<\/a><\/p>\n

5. Economic Reports<\/h3>\n

Sentix Investor confidence
\n4:30am<\/p>\n

Retail Sales
\n5:00am<\/p>\n

German Industrial Production
\n6:00am<\/p>\n

Loan Officer Survey
\n2:00pm<\/p>\n

Consumer Credit
\n3:00pm<\/p>\n","protected":false},"excerpt":{"rendered":"

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 – Corn, Wheat, Beans and Silver 5. Economic Reports for Monday, December 5, 2011     1. […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67,61,234],"tags":[49,582],"class_list":["post-2696","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","category-futures-trading-2","category-trading-guide","tag-support-and-resistance-levels","tag-tradenews"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/2696","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/comments?post=2696"}],"version-history":[{"count":8,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/2696\/revisions"}],"predecessor-version":[{"id":12775,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/2696\/revisions\/12775"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=2696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=2696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=2696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}