Triangles Offer Traders Important Forecasting Information by Elliot Wave International 4.11.2014

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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 Friday April 11, 2014


Hello Traders,

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

Triangles Offer Traders Important Forecasting Information
Find out about 14 Elliott wave trading insights
By Elliott Wave International

EWI analyst Jeffrey Kennedy explains why triangles offer traders important forecasting information. Take a look at a chart that shows a real-world example of the triangle price pattern, and read Jeffrey’s comments.Read more.

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Futures Trading Levels

Contract June 2014  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell Dollar Index
Resistance 3 1898.83 3691.83 16609 1187.17 79.88
Resistance 2 1883.17 3645.67 16497 1172.33 79.76
Resistance 1 1855.08 3562.58 16303 1147.77 79.62
Pivot 1839.42 3516.42 16191 1132.93 79.50
Support 1 1811.33 3433.33 15997 1108.37 79.36
Support 2 1795.67 3387.17 15885 1093.53 79.24
Support 3 1767.58 3304.08 15691 1068.97 79.10
Contract June Gold May Silver May Crude Oil June Bonds  June Euro
Resistance 3 1338.7 2086.3 104.44 135 28/32 1.3976
Resistance 2 1331.8 2063.2 104.12 135  8/32 1.3937
Resistance 1 1324.8 2032.3 103.73 134 22/32 1.3912
Pivot 1317.9 2009.2 103.41 134  2/32 1.3873
Support 1 1310.9 1978.3 103.02 133 16/32 1.3848
Support 2 1304.0 1955.2 102.70 132 28/32 1.3809
Support 3 1297.0 1924.3 102.31 132 10/32 1.3784
Contract May Corn May Wheat May Beans May SoyMeal May bean Oil
Resistance 3 511.5 667.9 1501.92 489.50 43.02
Resistance 2 506.8 665.1 1497.08 486.90 42.79
Resistance 1 504.0 663.7 1489.67 483.20 42.65
Pivot 499.3 660.8 1484.83 480.60 42.42
Support 1 496.5 659.4 1477.4 476.9 42.3
Support 2 491.8 656.6 1472.58 474.30 42.05
Support 3 489.0 655.2 1465.17 470.60 41.91
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 4:23pm Currency Impact Detail Actual Forecast Previous Graph
FriApr 11  2:00am EUR German Final CPI m/m 0.3% 0.3%
EUR German WPI m/m 0.1% -0.1%
8:30am USD PPI m/m 0.1% -0.1%
USD Core PPI m/m 0.2% -0.2%
9:55am USD Prelim UoM Consumer Sentiment 81.2 80.0
USD Prelim UoM Inflation Expectations 3.2%
Day 2 ALL G20 Meetings
Day 1 ALL IMF Meetings

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.