Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.
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 Friday May 13, 2016
Hello Traders,
For 2016 I would like to wish all of you discipline and patience in your trading!
Voted #1 futures trading blog!
Greetings!
Before Your next Trade, learn to recognize charts and patterns!
Learning the different types of charts and patterns will be another arsenal in your Trading Tools! Ascending Triangle Futures Trading Chart Pattern
What is an Ascending Triangle Futures Chart Pattern?
An ascending triangle is a bullish futures pattern that can indicate a breakout in the upwards direction.
How do I Recognize an Ascending Triangle Futures Chart Pattern?
An ascending triangle is formed when resistance remains flat and support rises.
See the example below:
What Does a Ascending Triangle Chart Pattern Mean?
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.
| ontract June 2016 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2096.42 | 4452.25 | 17939 | 1136.97 | 94.66 |
| Resistance 2 | 2084.58 | 4417.00 | 17847 | 1127.53 | 94.41 |
| Resistance 1 | 2072.17 | 4376.25 | 17758 | 1116.67 | 94.28 |
| Pivot | 2060.33 | 4341.00 | 17666 | 1107.23 | 94.03 |
| Support 1 | 2047.92 | 4300.25 | 17577 | 1096.37 | 93.90 |
| Support 2 | 2036.08 | 4265.00 | 17485 | 1086.93 | 93.65 |
| Support 3 | 2023.67 | 4224.25 | 17396 | 1076.07 | 93.52 |
| Contract | June Gold | July Silver | June Crude Oil | June Bonds | June Euro |
| Resistance 3 | 1295.0 | 17.84 | 48.55 | 167 23/32 | 1.1480 |
| Resistance 2 | 1288.7 | 17.66 | 47.79 | 167 2/32 | 1.1460 |
| Resistance 1 | 1279.3 | 17.39 | 47.14 | 166 11/32 | 1.1421 |
| Pivot | 1273.0 | 17.21 | 46.38 | 165 22/32 | 1.1401 |
| Support 1 | 1263.6 | 16.94 | 45.73 | 164 31/32 | 1.1363 |
| Support 2 | 1257.3 | 16.76 | 44.97 | 164 10/32 | 1.1343 |
| Support 3 | 1247.9 | 16.49 | 44.32 | 163 19/32 | 1.1304 |
| Contract | July Corn | July Wheat | July Beans | July SoyMeal | June Nat Gas |
| Resistance 3 | 401.4 | 476.8 | 1110.17 | 376.03 | 2.24 |
| Resistance 2 | 395.3 | 472.5 | 1098.83 | 371.87 | 2.21 |
| Resistance 1 | 392.2 | 470.3 | 1085.42 | 368.13 | 2.18 |
| Pivot | 386.1 | 466.0 | 1074.08 | 363.97 | 2.15 |
| Support 1 | 382.9 | 463.8 | 1060.7 | 360.2 | 2.1 |
| Support 2 | 376.8 | 459.5 | 1049.33 | 356.07 | 2.09 |
| Support 3 | 373.7 | 457.3 | 1035.92 | 352.33 | 2.06 |
Economic Reports
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 4:03pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| FriMay 13 | 2:00am | EUR |
German Prelim GDP q/q
|
0.6% | 0.3% | ||||
| EUR |
German Final CPI m/m
|
-0.2% | -0.2% | ||||||
| 2:45am | EUR |
French Prelim Non-Farm Payrolls q/q
|
0.2% | 0.2% | |||||
| 4:00am | EUR |
Italian Prelim GDP q/q
|
0.3% | 0.1% | |||||
| 4:30am | GBP |
Construction Output m/m
|
-2.8% | -0.3% | |||||
| 5:00am | EUR |
Flash GDP q/q
|
0.6% | 0.6% | |||||
| GBP |
MPC Member Haldane Speaks
|
||||||||
| 8:30am | GBP |
MPC Member Weale Speaks
|
|||||||
| USD |
Core Retail Sales m/m
|
0.6% | 0.2% | ||||||
| USD |
PPI m/m
|
0.3% | -0.1% | ||||||
| USD |
Retail Sales m/m
|
-0.3% | -0.3% | ||||||
| USD |
Core PPI m/m
|
0.1% | -0.1% | ||||||
| 10:00am | USD |
Prelim UoM Consumer Sentiment
|
89.9 | 89.0 | |||||
| 13th-14th | USD |
Mortgage Delinquencies
|
4.77% | ||||||
| 10:00am | USD |
Business Inventories m/m
|
0.2% | -0.1% | |||||
| USD |
Revised UoM Inflation Expectations
|
2.8% |