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30 Yr Bonds & 10 Yr Notes – Trading Levels & Economic Reports for 11.05.2013

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

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1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Tuesday November 5, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

Each market has different personality, different behavior along with different times of the day when it is most active. If you are finding that the ES is not giving you enough risk/opportunities then start monitoring a couple of other markets and perhaps explore them in demo / simulated mode.

I will try over the next few blogs to shed some light on other markets i think are suitable for day-trading along with what is unique about these markets, personality and most active trading hours.

Today I am going to start with interest rates, mostly the ten year and 30 year.

In most platforms, the symbols are ZB for 30 year bonds and ZN for 10 year notes. The current front month is December which is Z. So ZBZ3 for example.

 

Product Symbol ZB
Contract Size The unit of trading shall be U.S. Treasury Bonds having a face value at maturity of one hundred thousand dollars ($100,000) or multiples thereof
Price Quotation Points ($1,000) and 1/32 of a point. For example, 134-16 represents 134 16/32. Par is on the basis of 100 points.
Product Symbol ZN
Underlying Unit One U.S. Treasury note having a face value at maturity of $100,000.
Deliverable Grades U.S. Treasury notes with a remaining term to maturity of at least six and a half years, but not more than 10 years, from the first day of the delivery month. The invoice price equals the futures settlement price times a conversion factor, plus accrued interest. The conversion factor is the price of the delivered note ($1 par value) to yield 6 percent.
Price Quote Points ($1,000) and halves of 1/32 of a point. For example, 126-16 represents 126 16/32 and 126-165 represents 126 16.5/32. Par is on the basis of 100 points.
Tick Size
(minimum fluctuation)
One-half of one thirty-second (1/32) of one point ($15.625, rounded up to the nearest cent per contract), except for intermonth spreads, where the minimum price fluctuation shall be one-quarter of one thirty-second of one point ($7.8125 per contract).
Contract Months The first five consecutive contracts in the March, June, September, and December quarterly cycle.

 

These contracts are often affected by many of the economic reports that come out at 8:30 Am Eastern and there is very active volume between the hours of  8 am EST and 3 PM EST.

Volume on both contracts is very good. Ten years will often have 1 million contracts traded per day ( might be the second most active US futures market after the mini SP 500) and the bonds will avg. around 300,000 contracts.

These markets can experience very volatile movements during and right after different reports but then will often trade smooth or in an intraday trend the rest of the day.

Follow these two markets in demo mode for a while if you have not traded them before and get a feel for the movement, reaction to reports, execution etc.

If you have any questions, feel free to contact me.

If you like the information we share? We would appreciate your positive reviews on our new yelp!!

GOOD TRADING

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.

If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

Futures Trading Levels

Contract Dec. 2013  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell Dollar Index
Resistance 3 1778.00 3409.25 15706 1128.87 81.32
Resistance 2 1771.00 3398.25 15658 1118.03 81.17
Resistance 1 1767.25 3388.75 15619 1111.87 80.90
Pivot 1760.25 3377.75 15571 1101.03 80.76
Support 1 1756.50 3368.25 15532 1094.87 80.49
Support 2 1749.50 3357.25 15484 1084.03 80.34
Support 3 1745.75 3347.75 15445 1077.87 80.07
Contract Dec. Gold Dec. Silver Dec. Crude Oil Dec. Bonds  Dec. Euro
Resistance 3 1331.9 2218.5 96.08 134 24/32 1.3635
Resistance 2 1327.2 2206.0 95.59 134 15/32 1.3580
Resistance 1 1320.3 2183.0 95.03 134  6/32 1.3551
Pivot 1315.6 2170.5 94.54 133 29/32 1.3496
Support 1 1308.7 2147.5 93.98 133 20/32 1.3467
Support 2 1304.0 2135.0 93.49 133 11/32 1.3412
Support 3 1297.1 2112.0 92.93 133  2/32 1.3383
Contract Dec Corn Dec. Wheat Jan .Beans Dec. SoyMeal Dec. bean Oil
Resistance 3 430.6 672.8 1269.00 408.03 42.01
Resistance 2 429.4 670.8 1265.50 403.97 41.77
Resistance 1 427.8 666.8 1261.00 400.43 41.51
Pivot 426.7 664.8 1257.50 396.37 41.27
Support 1 425.1 660.8 1253.0 392.8 41.0
Support 2 423.9 658.8 1249.50 388.77 40.77
Support 3 422.3 654.8 1245.00 385.23 40.51
For complete contract specifications for the futures markets listed above click here!

5. Economic Reports

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

All times are Eastern time Zone (EST)

 

Date 4:08pm Currency Impact Detail Actual Forecast Previous Graph
TueNov 5  3:00am EUR Spanish Unemployment Change 31.3K 25.6K
5:00am EUR EU Economic Forecasts
EUR PPI m/m 0.3% 0.0%
10:00am USD ISM Non-Manufacturing PMI 54.2 54.4
USD IBD/TIPP Economic Optimism 41.1 38.4

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 herein 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

Tags: > > > Posted in: Commodity Trading   | Future Trading News  

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