{"id":3338,"date":"2012-03-28T08:17:24","date_gmt":"2012-03-28T16:17:24","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=3338"},"modified":"2017-07-03T01:39:44","modified_gmt":"2017-07-03T09:39:44","slug":"using-overboughtoversold-algorithm-support-and-resistance-levels","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/using-overboughtoversold-algorithm-support-and-resistance-levels\/","title":{"rendered":"Using Overbought\/Oversold ALGORITHM"},"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 – March Corn, March Wheat, Jan Beans, March Silver<\/a><\/strong>
\n5.Economic Report for March 28, 2012<\/a><\/strong><\/p>\n

Hello Traders,<\/p>\n

Quick update, CME group has reduced the OVERNIGHT margins for some of the stock indices, for example mini SP OVERNIGHT initial margin is now $4,375 down from $5,000.<\/p>\n

Full list of overnight margins at:<\/p>\n

MARGIN LISTS<\/a><\/p>\n

Two videos to share with you today:
\nUsing overbought\/oversold ALGORITHM along with preset exits to day trade Mini S&P 500 Futures<\/a>
\nAnd
\nUsing auto trailing stops to day-trade crude oil futures<\/a><\/p>\n

<\/p>\n

<\/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 (June 2012)<\/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 3<\/td>\n1418.43<\/td>\n2800.33<\/td>\n13230<\/td>\n859.93<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1416.12<\/td>\n2794.67<\/td>\n13210<\/td>\n855.27<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1411.43<\/td>\n2786.33<\/td>\n13170<\/td>\n846.23<\/td>\n<\/tr>\n
Pivot<\/td>\n1409.12<\/td>\n2780.67<\/td>\n13150<\/td>\n841.57<\/td>\n<\/tr>\n
Support 1<\/td>\n1404.43<\/td>\n2772.33<\/td>\n13110<\/td>\n832.53<\/td>\n<\/tr>\n
Support 2<\/td>\n1402.12<\/td>\n2766.67<\/td>\n13090<\/td>\n827.87<\/td>\n<\/tr>\n
Support 3<\/td>\n1397.43<\/td>\n2758.33<\/td>\n13050<\/td>\n818.83<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\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>\nApril. Gold<\/td>\nMarch Euro<\/td>\nApril Crude Oil<\/td>\nJune Bonds<\/td>\n<\/tr>\n<\/thead>\n
Resistance 3<\/td>\n1709.9<\/td>\n1.3439<\/td>\n108.84<\/td>\n139 27\/32<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1703.4<\/td>\n1.3415<\/td>\n108.28<\/td>\n139 4\/32<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1691.6<\/td>\n1.3370<\/td>\n107.63<\/td>\n138 24\/32<\/td>\n<\/tr>\n
Pivot<\/td>\n1685.1<\/td>\n1.3346<\/td>\n107.07<\/td>\n138 1\/32<\/td>\n<\/tr>\n
Support 1<\/td>\n1673.3<\/td>\n1.3301<\/td>\n106.42<\/td>\n137 21\/32<\/td>\n<\/tr>\n
Support 2<\/td>\n1666.8<\/td>\n1.3277<\/td>\n105.86<\/td>\n136 30\/32<\/td>\n<\/tr>\n
Support 3<\/td>\n1655.0<\/td>\n1.3232<\/td>\n105.21<\/td>\n136 18\/32<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/a>4. Support & Resistance Levels for Corn, Wheat, Beans and Silver<\/strong><\/h3>\n\n\n\n\n\n\n\n\n\n\n
Contract<\/td>\nMay Corn<\/td>\nMay Wheat<\/td>\nMay Beans<\/td>\nMay Silver<\/td>\n<\/tr>\n
Resistance 3<\/td>\n650.7<\/td>\n676.2<\/td>\n1397.83<\/td>\n3370.7<\/td>\n<\/tr>\n
Resistance 2<\/td>\n646.6<\/td>\n668.6<\/td>\n1391.92<\/td>\n3344.8<\/td>\n<\/tr>\n
Resistance 1<\/td>\n638.7<\/td>\n654.2<\/td>\n1380.83<\/td>\n3299.7<\/td>\n<\/tr>\n
Pivot<\/td>\n634.6<\/td>\n646.6<\/td>\n1374.92<\/td>\n3273.8<\/td>\n<\/tr>\n
Support 1<\/td>\n626.7<\/td>\n632.2<\/td>\n1363.8<\/td>\n3228.7<\/td>\n<\/tr>\n
Support 2<\/td>\n622.6<\/td>\n624.6<\/td>\n1357.92<\/td>\n3202.8<\/td>\n<\/tr>\n
Support 3<\/td>\n614.7<\/td>\n610.2<\/td>\n1346.83<\/td>\n3157.7<\/td>\n<\/tr>\n<\/thead>\n<\/table>\n

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

5. Economic Reports<\/h3>\n

4:00am EUR
\nM3 Money Supply y\/y<\/p>\n

4:00am EUR
\nPrivate Loans y\/y<\/p>\n

8:30am USD
\nCore Durable Goods Orders m\/m<\/p>\n

8:30am USD
\nDurable Goods Orders m\/m<\/p>\n

10:30am USD
\nCrude Oil Inventories<\/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 – March Corn, March Wheat, Jan Beans, March Silver 5.Economic Report for March 28, 2012 Hello Traders, […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67],"tags":[64],"class_list":["post-3338","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","tag-commodity-future-trading"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/3338","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=3338"}],"version-history":[{"count":6,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/3338\/revisions"}],"predecessor-version":[{"id":12700,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/3338\/revisions\/12700"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=3338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=3338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=3338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}