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Economic Reports & Futures Levels 3.05.2015

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 Thursday March 5, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

I put this piece together for equities.com about spreads and futures spreads.

Although this specific spread I wrote about (long unleaded/short heating oil) is nicely in the money and probably too late at these levels, I discuss some resources and ideas that are a good read for anyone looking to diversify their trading, perhaps add a different weapon other than day-trading and in general:

Looking To Exploit Seasonal Balancing Within The Energy Sector

Futures spreads are another tool traders should be familiar with. In short, a spread will consist of being long one commodity and short another.

There are intra-commodity spreads, like being long May corn and short December corn, and there are inter-commodity spreads, like being long May wheat and short May corn.

Personally, I like spreads. At times, they can offer a little more staying power. That does not mean that spreads are less risky, but in my opinion, they can provide a trader with more room to manuever.

There is an excellent article about future spreads written by my colleague at Cannon Tradingwhich you can read here. There is also a great source, called MRCI. The team at MRCI produces many different reports about seasonal tendencies, among other financial concerns. One of their reports is the monthly spread idea report. This month, one spread in particular caught my eye. It is the long May unleaded gas and short May heating oil.

Below is some of the logic shared by MRCI for this trade, which I am sharing with you:

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 March 2015 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2125.58 4501.42 18352 1243.13 96.94
Resistance 2 2115.17 4479.83 18269 1237.37 96.51
Resistance 1 2106.08 4462.42 18179 1233.23 96.24
Pivot 2095.67 4440.83 18096 1227.47 95.80
Support 1 2086.58 4423.42 18006 1223.33 95.53
Support 2 2076.17 4401.83 17923 1217.57 95.10
Support 3 2067.08 4384.42 17833 1213.43 94.83
Contract Apr. Gold May Silver April Crude Oil June Bonds March   Euro
Resistance 3 1216.3 16.64 55.05 160 2/32 1.1279
Resistance 2 1212.4 16.50 53.52 159 23/32 1.1233
Resistance 1 1205.6 16.34 52.66 159 8/32 1.1155
Pivot 1201.7 16.20 51.13 158 29/32 1.1109
Support 1 1194.9 16.03 50.27 158 14/32 1.1031
Support 2 1191.0 15.89 48.74 158 3/32 1.0985
Support 3 1184.2 15.73 47.88 157 20/32 1.0907
Contract May Corn May Wheat May Beans May SoyMeal May bean Oil
Resistance 3 393.6 496.0 1009.00 338.93 33.23
Resistance 2 391.7 496.0 1006.00 336.37 33.02
Resistance 1 390.6 496.0 1000.00 331.73 32.62
Pivot 388.7 496.0 997.00 329.17 32.41
Support 1 387.6 496.0 991.0 324.5 32.0
Support 2 385.7 496.0 988.00 321.97 31.80
Support 3 384.6 496.0 982.00 317.33 31.40
5. Economic Reports

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

All times are Eastern time Zone (EST)

 

Date 4:12pm Currency Impact Detail Actual Forecast Previous Graph
ThuMar 5  2:00am EUR German Factory Orders m/m -1.0% 4.2%
4:10am EUR Retail PMI 46.6
Tentative EUR French 10-y Bond Auction 0.61|1.9
7:30am USD Challenger Job Cuts y/y 17.6%
7:45am EUR Minimum Bid Rate 0.05% 0.05%
8:30am EUR ECB Press Conference
USD Unemployment Claims 293K 313K
USD Revised Nonfarm Productivity q/q -2.3% -1.8%
USD Revised Unit Labor Costs q/q 3.3% 2.7%
10:00am USD FOMC Member Williams Speaks
USD Factory Orders m/m 0.2% -3.4%
10:30am USD Natural Gas Storage -224B -219B

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.

 

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

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