Futures Trading Levels and Economic Reports for August 27, 2013

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.

Futures Trading Levels and Economic Reports for August 27, 2013

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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 August 27, 2013

Hello Traders,

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

 

 

Situation in Syria is heating up and over the next few days/ weeks you may see some erratic moves in markets like SP 500 ( and other indices), gold, crude oil, bonds and others.
I personally always like to use stops and actually have my software checked with auto bracket each time I enter a daytrade. I like to have a stop entered right away and then be able to adjust according to the charts. Moves like we saw today ( see mini SP chart below) can happen frequently in times of Geo-political uncertainty. The SP500 dropped over 13 points in matter of 11 minutes. I actually seen much bigger and faster moves happen before but my main point here is that I recommend using stops and placing stop orders rather than using “mental stop”.
If you need help on how to set up the auto bracket on either E-futures Int’l orTransactAT, feel free to email me and I will be happy to assist.
7 tick range bar chart, mini S&P

 

 

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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.

 

Futures Trading Levels

Contract Sept. 2013  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell Dollar Index
Resistance 3 1678.17 3171.25 15117 1053.13 81.80
Resistance 2 1672.83 3159.25 15075 1048.37 81.68
Resistance 1 1664.17 3141.25 15007 1042.53 81.55
Pivot 1658.83 3129.25 14965 1037.77 81.43
Support 1 1650.17 3111.25 14897 1031.93 81.30
Support 2 1644.83 3099.25 14855 1027.17 81.18
Support 3 1636.17 3081.25 14787 1021.33 81.05
Contract Dec. Gold Sept. Silver Oct. Crude Oil Sept. Bonds  Sept. Euro
Resistance 3 1428.7 2518.2 109.06 133  1/32 1.3431
Resistance 2 1417.9 2480.3 108.21 132 21/32 1.3413
Resistance 1 1410.1 2455.7 107.25 132 13/32 1.3393
Pivot 1399.3 2417.8 106.40 132  1/32 1.3375
Support 1 1391.5 2393.2 105.44 131 25/32 1.3355
Support 2 1380.7 2355.3 104.59 131 13/32 1.3337
Support 3 1372.9 2330.7 103.63 131  5/32 1.3317
Contract Dec Corn Dec. Wheat Nov.Beans Dec. SoyMeal Dec. bean Oil
Resistance 3 527.7 673.8 1420.33 458.30 46.07
Resistance 2 517.8 672.3 1409.17 450.10 45.69
Resistance 1 509.2 669.5 1399.33 443.40 45.28
Pivot 499.3 668.0 1388.17 435.20 44.90
Support 1 490.7 665.3 1378.3 428.5 44.5
Support 2 480.8 663.8 1367.17 420.30 44.11
Support 3 472.2 661.0 1357.33 413.60 43.70
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 3:59pm Currency Impact Detail Actual Forecast Previous Graph
TueAug 27  4:00am EUR German Ifo Business Climate 107.1 106.2
9:00am USD S&P/CS Composite-20 HPI y/y 11.9% 12.2%
10:00am USD CB Consumer Confidence 79.6 80.3
USD Richmond Manufacturing Index -7 -11


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

 

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