{"id":3573,"date":"2012-05-07T19:16:24","date_gmt":"2012-05-08T03:16:24","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=3573"},"modified":"2014-09-12T04:56:03","modified_gmt":"2014-09-12T12:56:03","slug":"big-moves-down-on-the-open-of-sunday-night-session","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/big-moves-down-on-the-open-of-sunday-night-session\/","title":{"rendered":"Big Moves Down on the Open of Sunday Night Session"},"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, Silver<\/a><\/strong>
\n5. Economic Reports for Tuesday May 8, 2012<\/a><\/strong><\/p>\n

 <\/p>\n

Hello Traders,<\/p>\n

Big moves down on the open of Sunday night session, corrected during the day session and market actually managed to close slightly higher.<\/strong><\/p>\n

Daily chart of the mini Russell 2000 for your review below, along with potential levels to watch.<\/strong><\/p>\n

\"\"<\/p>\n


\n<\/strong><\/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.<\/small><\/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>\nDollar Index<\/td>\n<\/tr>\n<\/thead>\n
Resistance 3<\/td>\n1380.67<\/td>\n2680.33<\/td>\n13063<\/td>\n822.37<\/td>\n80.50<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1375.33<\/td>\n2664.17<\/td>\n13026<\/td>\n808.63<\/td>\n80.32<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1370.17<\/td>\n2649.33<\/td>\n12985<\/td>\n800.27<\/td>\n79.99<\/td>\n<\/tr>\n
Pivot<\/td>\n1364.83<\/td>\n2633.17<\/td>\n12948<\/td>\n786.53<\/td>\n79.81<\/td>\n<\/tr>\n
Support 1<\/td>\n1359.67<\/td>\n2618.33<\/td>\n12907<\/td>\n778.17<\/td>\n79.49<\/td>\n<\/tr>\n
Support 2<\/td>\n1354.33<\/td>\n2602.17<\/td>\n12870<\/td>\n764.43<\/td>\n79.31<\/td>\n<\/tr>\n
Support 3<\/td>\n1349.17<\/td>\n2587.33<\/td>\n12829<\/td>\n756.07<\/td>\n78.98<\/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>\nJune Crude Oil<\/td>\nJune Bonds<\/td>\n<\/tr>\n<\/thead>\n
Resistance 3<\/td>\n1656.3<\/td>\n1.3209<\/td>\n101.91<\/td>\n144 11\/32<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1650.2<\/td>\n1.3139<\/td>\n100.07<\/td>\n144 5\/32<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1644.5<\/td>\n1.3098<\/td>\n99.01<\/td>\n143 30\/32<\/td>\n<\/tr>\n
Pivot<\/td>\n1638.4<\/td>\n1.3028<\/td>\n97.17<\/td>\n143 24\/32<\/td>\n<\/tr>\n
Support 1<\/td>\n1632.7<\/td>\n1.2987<\/td>\n96.11<\/td>\n143 17\/32<\/td>\n<\/tr>\n
Support 2<\/td>\n1626.6<\/td>\n1.2917<\/td>\n94.27<\/td>\n143 11\/32<\/td>\n<\/tr>\n
Support 3<\/td>\n1620.9<\/td>\n1.2876<\/td>\n93.21<\/td>\n143 4\/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>\nJuly Corn<\/td>\nJuly Wheat<\/td>\nJuly Beans<\/td>\nJuly Silver<\/td>\n<\/tr>\n<\/thead>\n
Resistance 3<\/td>\n631.7<\/td>\n624.0<\/td>\n1485.00<\/td>\n3113.3<\/td>\n<\/tr>\n
Resistance 2<\/td>\n626.3<\/td>\n618.0<\/td>\n1479.25<\/td>\n3076.2<\/td>\n<\/tr>\n
Resistance 1<\/td>\n623.2<\/td>\n615.0<\/td>\n1472.50<\/td>\n3041.8<\/td>\n<\/tr>\n
Pivot<\/td>\n617.8<\/td>\n609.0<\/td>\n1466.75<\/td>\n3004.7<\/td>\n<\/tr>\n
Support 1<\/td>\n614.7<\/td>\n606.0<\/td>\n1460.0<\/td>\n2970.3<\/td>\n<\/tr>\n
Support 2<\/td>\n609.3<\/td>\n600.0<\/td>\n1454.25<\/td>\n2933.2<\/td>\n<\/tr>\n
Support 3<\/td>\n606.2<\/td>\n597.0<\/td>\n1447.50<\/td>\n2898.8<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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

5. Economic Reports<\/h3>\n

6:00am EUR
\nGerman Industrial Production m\/m
\n<\/strong><\/p>\n

8:30am EUR
\n<\/strong>ECB President Draghi Speaks<\/strong><\/p>\n

10:00am USD
\nIBD\/TIPP Economic Optimism<\/strong><\/p>\n

7:15pm USD
\nFOMC Member Lacker Speaks
\n<\/strong><\/p>\n


\n<\/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 – Corn, Wheat, Beans, Silver 5. Economic Reports for Tuesday May 8, 2012   Hello Traders, Big […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76,67],"tags":[149,134,602],"class_list":["post-3573","post","type-post","status-publish","format-standard","hentry","category-commodity-trading-2","category-future-trading-news","tag-commodity-futures-broker","tag-futures-trading-brokers","tag-futures-trading-online"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/3573","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=3573"}],"version-history":[{"count":5,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/3573\/revisions"}],"predecessor-version":[{"id":5490,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/3573\/revisions\/5490"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=3573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=3573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=3573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}