Crude-oil futures ended almost where they started today. The front-month contract benefited from easing supply concerns, after a meeting between President Barack Obama and Israeli Prime Minister Benjamin Netanyahu alleviated some fears over possible military action between Iran and Israel. On the other hand, demand worries continued to linger, as traders digested a downwardly revised growth outlook from China -- the No. 2 oil consumer in the world, behind the U.S. By the close, April-dated crude added 2 cents to finish at $106.72 per barrel.

Gold futures continued to backpedal today, but support from a weaker dollar helped the commodity keep its footing atop the $1,700 mark. China's downbeat growth forecast, as well as disappointing manufacturing data out of the euro zone, weighed on the precious metal, with gold for April delivery eventually giving back $5.90, or 0.3%, to end at $1,703.90 an ounce.

Levels to Watch in Trading:

• Dow Jones Industrial Average (DJIA – 12,962.81) - support at 10,500; resistance at 13,000
• S&P 500 Index (SPX – 1,364.33) - support at 1,100; resistance at 1,400
• Nasdaq Composite (COMP – 2,950.48) - support at 2,400; resistance at 3,000

At the end of every market day, the staff at Schaeffer's Investment Research reviews the trading day in detail, covering major events and key market developments. Don't miss this critical, timely and insightful report. If you enjoyed today's edition of Market Recap, sign up here for free daily delivery straight to your inbox.