{"id":3405,"date":"2012-04-11T22:04:31","date_gmt":"2012-04-12T06:04:31","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=3405"},"modified":"2014-09-12T03:58:15","modified_gmt":"2014-09-12T11:58:15","slug":"inside-day-on-lower-volume-support-and-resistance-levels","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/inside-day-on-lower-volume-support-and-resistance-levels\/","title":{"rendered":"Inside Day On Lower Volume"},"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 Thursday April 12, 2012<\/a><\/strong><\/p>\n

 <\/p>\n

Hello Traders<\/p>\n

<\/strong>“Inside day” today ( where today’s price action , highs and lows were “inside” of yesterdays range). Inside days on lower volume after a meaningful sell off, USUALLY and I repeat USUALLY mean resumption of the original break out or another leg down.<\/strong><\/p>\n


\nWe never know what the future will hold so I will be watching early price action and reaction of the market to support and resistance levels before taking a stance in the market.<\/strong><\/p>\n

Mini Russell 2000 chart for your review below:<\/p>\n

\"TFE
TFE – Russell 2000 Index Mini, Equalized Active Daily Continuation<\/figcaption><\/figure>\n

<\/p>\n

GOOD TRADING!<\/p>\n

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.<\/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>\n1376.57<\/td>\n2742.33<\/td>\n12829<\/td>\n807.57<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1373.43<\/td>\n2732.67<\/td>\n12806<\/td>\n800.93<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1368.97<\/td>\n2718.33<\/td>\n12775<\/td>\n797.07<\/td>\n<\/tr>\n
Pivot<\/td>\n1365.83<\/td>\n2708.67<\/td>\n12752<\/td>\n790.43<\/td>\n<\/tr>\n
Support 1<\/td>\n1361.37<\/td>\n2694.33<\/td>\n12721<\/td>\n786.57<\/td>\n<\/tr>\n
Support 2<\/td>\n1358.23<\/td>\n2684.67<\/td>\n12698<\/td>\n779.93<\/td>\n<\/tr>\n
Support 3<\/td>\n1353.77<\/td>\n2670.33<\/td>\n12667<\/td>\n776.07<\/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>\nJune Gold<\/td>\nJune Euro<\/td>\nMay Crude Oil<\/td>\nJune Bonds<\/td>\n<\/tr>\n<\/thead>\n
Resistance 3<\/td>\n1674.5<\/td>\n1.3251<\/td>\n105.83<\/td>\n141 17\/32<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1669.2<\/td>\n1.3207<\/td>\n104.48<\/td>\n141 9\/32<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1664.1<\/td>\n1.3160<\/td>\n103.54<\/td>\n140 31\/32<\/td>\n<\/tr>\n
Pivot<\/td>\n1658.8<\/td>\n1.3116<\/td>\n102.19<\/td>\n140 23\/32<\/td>\n<\/tr>\n
Support 1<\/td>\n1653.7<\/td>\n1.3069<\/td>\n101.25<\/td>\n140 13\/32<\/td>\n<\/tr>\n
Support 2<\/td>\n1648.4<\/td>\n1.3025<\/td>\n99.90<\/td>\n140 5\/32<\/td>\n<\/tr>\n
Support 3<\/td>\n1643.3<\/td>\n1.2978<\/td>\n98.96<\/td>\n139 27\/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\n
Contract<\/td>\nMay Corn<\/td>\nMay Wheat<\/td>\nMay Beans<\/td>\nMay Silver<\/td>\n<\/tr>\n<\/thead>\n
Resistance 3<\/td>\n648.4<\/td>\n634.5<\/td>\n1444.00<\/td>\n3222.3<\/td>\n<\/tr>\n
Resistance 2<\/td>\n643.8<\/td>\n633.0<\/td>\n1437.00<\/td>\n3202.2<\/td>\n<\/tr>\n
Resistance 1<\/td>\n639.9<\/td>\n630.5<\/td>\n1429.50<\/td>\n3177.3<\/td>\n<\/tr>\n
Pivot<\/td>\n635.3<\/td>\n629.0<\/td>\n1422.50<\/td>\n3157.2<\/td>\n<\/tr>\n
Support 1<\/td>\n631.4<\/td>\n626.5<\/td>\n1415.0<\/td>\n3132.3<\/td>\n<\/tr>\n
Support 2<\/td>\n626.8<\/td>\n625.0<\/td>\n1408.00<\/td>\n3112.2<\/td>\n<\/tr>\n
Support 3<\/td>\n622.9<\/td>\n622.5<\/td>\n1400.50<\/td>\n3087.3<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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

5. Economic Reports<\/h3>\n

1:30am EUR
\nFrench CPI m\/m<\/strong><\/p>\n

4:00am EUR
\nECB Monthly Bulletin<\/strong><\/p>\n

5:00am EUR
\nIndustrial Production m\/m<\/strong><\/p>\n

7:15am USD
\nFOMC Member Dudley Speaks<\/strong><\/p>\n

8:30am USD
\nPPI m\/m<\/strong><\/p>\n

8:30am USD
\nTrade Balance<\/strong><\/p>\n

8:30am USD
\nUnemployment Claims<\/strong><\/p>\n

8:30am USD
\nCore PPI m\/m<\/strong><\/p>\n

9:00am USD
\nFOMC Member Lockhart Speaks<\/strong><\/p>\n

10:30am USD
\nNatural Gas Storage<\/strong><\/p>\n

3:30pm USD
\nFOMC Member Raskin Speaks<\/strong><\/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 Thursday April 12, 2012 […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67],"tags":[116],"class_list":["post-3405","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","tag-inside-day-on-lower-volume"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/3405","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=3405"}],"version-history":[{"count":7,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/3405\/revisions"}],"predecessor-version":[{"id":3414,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/3405\/revisions\/3414"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=3405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=3405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=3405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}