Futures Trading Levels and Economic Reports for May 30, 2013
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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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 Thursday May 30, 2013
Hello Traders,
For 2013 I would like to wish all of you discipline and patience in your trading!
Stock Index futures starting to feel bit more bearish with recent price action.
I am waiting to see what market will do (when/if) it visits the 1632 level.
On different topic, a good article I wrote few weeks back with some chart examples and my thoughts on day-trading crude oil futures.
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.
| Contract June 2013 | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell | Dollar Index |
| Resistance 3 | 1674.92 | 3040.08 | 15562 | 1011.87 | 85.11 |
| Resistance 2 | 1665.83 | 3024.42 | 15476 | 1003.33 | 84.77 |
| Resistance 1 | 1656.17 | 3009.58 | 15381 | 995.17 | 84.22 |
| Pivot | 1647.08 | 2993.92 | 15295 | 986.63 | 83.88 |
| Support 1 | 1637.42 | 2979.08 | 15200 | 978.47 | 83.33 |
| Support 2 | 1628.33 | 2963.42 | 15114 | 969.93 | 82.99 |
| Support 3 | 1618.67 | 2948.58 | 15019 | 961.77 | 82.44 |
| Contract | June Gold | July Silver | July Crude Oil | June Bonds | June Euro |
| Resistance 3 | 1414.9 | 2288.3 | 97.07 | 144 11/32 | 1.3141 |
| Resistance 2 | 1404.9 | 2267.7 | 96.15 | 143 2/32 | 1.3061 |
| Resistance 1 | 1399.1 | 2254.3 | 94.68 | 142 14/32 | 1.3000 |
| Pivot | 1389.1 | 2233.7 | 93.76 | 141 5/32 | 1.2920 |
| Support 1 | 1383.3 | 2220.3 | 92.29 | 140 17/32 | 1.2859 |
| Support 2 | 1373.3 | 2199.7 | 91.37 | 139 8/32 | 1.2779 |
| Support 3 | 1367.5 | 2186.3 | 89.90 | 138 20/32 | 1.2718 |
| Contract | July Corn | July Wheat | July Beans | July SoyMeal | July bean Oil |
| Resistance 3 | 687.7 | 716.2 | 1526.50 | 459.97 | 49.94 |
| Resistance 2 | 677.8 | 709.6 | 1517.25 | 453.63 | 49.65 |
| Resistance 1 | 671.4 | 706.2 | 1509.50 | 448.97 | 49.14 |
| Pivot | 661.6 | 699.6 | 1500.25 | 442.63 | 48.85 |
| Support 1 | 655.2 | 696.2 | 1492.5 | 438.0 | 48.3 |
| Support 2 | 645.3 | 689.6 | 1483.25 | 431.63 | 48.05 |
| Support 3 | 638.9 | 686.2 | 1475.50 | 426.97 | 47.54 |
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 3:50pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| ThuMay 30 | 4:10am | EUR | Retail PMI | 44.2 | |||||
| Tentative | EUR | Italian 10-y Bond Auction | 3.94|1.4 | ||||||
| 8:30am | USD | Prelim GDP q/q | 2.5% | 2.5% | |||||
| USD | Unemployment Claims | 342K | 340K | ||||||
| USD | Prelim GDP Price Index q/q | 1.2% | 1.2% | ||||||
| 10:00am | USD | Pending Home Sales m/m | 1.3% | 1.5% | |||||
| 10:30am | USD | Natural Gas Storage | 85B | 89B | |||||
| 11:00am | USD | Crude Oil Inventories | -0.8M | -0.3M |
