30 Futures Market Moving Events & Economic Reports 11.05.2014

Support & Resistance Levels

This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.

30 Futures Market Moving Events & Economic Reports 11.05.2014

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

Hello Traders,


I have shared the feature below a while back but feel it is worth reading even if you read before. Make sure you are prepared for the trading day, part of the preparation is to know what reports are coming, when they are coming and if they are market movers or not for the specific market you are trading…..


Ranking 30 Futures Market Moving Events

Where do I look and when do I pay attention?

By: Cannon Trading Commodities Broker


Every trader has done it. You’ve done it, your friends have done it, even your broker has done it at one point early in their career.

Here’s the scenario:

You’ve finally finished your futures education at Cannon Trading Company. You’ve done you’re homework on stops, limits, indicators and price movements for the market you’re trading. You’re ready to go, you enter your limit order and you wait.




You get filled. Your heart rate picks up, a wry smile crosses your face and you begin to imagine the possibilities of the one trade you’re in: How much can I make? How much can I lose before it’s too much? You’ve waited through months of technical trading and deep meditation to get here, and now it’s finally paying off with one of your first trades in the live market. Sayonara paper trading; aloha live futures.

Then, all of a sudden, the top of the hour hits and the market starts acting up. It’s getting more volatile and more volatile; it’s picking up speed and taking an unforgiving turn against you. You can’t think straight, all you can think about is your losing position that could get worse and worse as the seconds go by. You race to put in a stop order, but you finally have to settle for a market order just to stop the bleeding. You stare.







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. Past performance is not indicative to future results.


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Futures Trading Levels

Contract Dec. 2014 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2032.92 4209.58 17474 1180.87 87.79
Resistance 2 2023.33 4186.92 17402 1175.43 87.59
Resistance 1 2014.42 4165.08 17353 1168.77 87.38
Pivot 2004.83 4142.42 17281 1163.33 87.18
Support 1 1995.92 4120.58 17232 1156.67 86.97
Support 2 1986.33 4097.92 17160 1151.23 86.77
Support 3 1977.42 4076.08 17111 1144.57 86.56
Contract Dec. Gold Dec.Silver Dec. Crude Oil Dec. Bonds Dec. Euro
Resistance 3 1185.6 16.40 80.90 142 15/32 1.2679
Resistance 2 1180.3 16.28 79.65 142 6/32 1.2630
Resistance 1 1174.0 16.14 78.33 141 23/32 1.2589
Pivot 1168.7 16.02 77.08 141 14/32 1.2540
Support 1 1162.4 15.88 75.76 140 31/32 1.2499
Support 2 1157.1 15.76 74.51 140 22/32 1.2450
Support 3 1150.8 15.62 73.19 140 7/32 1.2409
Contract Dec Corn Dec. Wheat Jan. Beans Dec. SoyMeal Dec. bean Oil
Resistance 3 370.7 534.6 1031.50 391.00 33.60
Resistance 2 369.3 533.7 1025.25 383.90 33.49
Resistance 1 366.9 532.1 1017.50 378.20 33.28
Pivot 365.6 531.2 1011.25 371.10 33.17
Support 1 363.2 529.6 1003.5 365.4 33.0
Support 2 361.8 528.7 997.25 358.30 32.85
Support 3 359.4 527.1 989.50 352.60 32.64

Economic Reports

source: http://www.forexfactory.com/calendar.php

All times are Eastern time Zone (EST)


Date 4:52pm Currency Impact Detail Actual Forecast Previous Graph
WedNov 5  3:15am EUR Spanish Services PMI 56.2 55.8
3:45am EUR Italian Services PMI 49.6 48.8
4:00am EUR Final Services PMI 52.4 52.4
5:00am EUR Retail Sales m/m -0.6% 1.2%
8:15am USD ADP Non-Farm Employment Change 214K 213K
9:15am USD FOMC Member Kocherlakota Speaks
9:45am USD Final Services PMI 57.3 57.3
10:00am USD ISM Non-Manufacturing PMI 58.2 58.6
10:30am USD Crude Oil Inventories 1.8M 2.1M

This is not a solicitation of any order to buy or sell, but a current market view provided by
Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading.

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