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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.

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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 April 30, 2015

Hello Traders,

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

Hello Traders,

FOMC came and gone, Fed did not supply any new clues about timing for future rate increase and market volatility was a bit less than other FOMC meetings.

Many times the real reaction comes over night, the next trading day. Be ready for a possible volatile day tomorrow. The futures trading business is not an easy one, one moment of losing control, one moment of not following your rules can be very costly.

Make sure that every morning / start of trading day you are ready to trade. If you are sick, if your kids are home and taking your attention, master the level of maturity to tell yourself: “I should not be trading today”.

Over the years I have had more than a few instances where I saw traders lose big portion of their account by not being ready to trade and still trading during large volatility or big moves against them. I was one of them a few times in the past…….

Be prepared, be mature, stay discipline and trade well.



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.

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Futures Trading Levels

ontract June 2015 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2133.17 4567.67 18248 1273.17 97.71
Resistance 2 2122.83 4540.83 18158 1266.73 97.00
Resistance 1 2111.17 4509.92 18056 1254.17 96.16
Pivot 2100.83 4483.08 17966 1247.73 95.46
Support 1 2089.17 4452.17 17864 1235.17 94.62
Support 2 2078.83 4425.33 17774 1228.73 93.91
Support 3 2067.17 4394.42 17672 1216.17 93.07
Contract June Gold July Silver June Crude Oil June Bonds June   Euro
Resistance 3 1224.5 17.03 62.50 163 10/32 1.1451
Resistance 2 1219.0 16.88 60.91 162 7/32 1.1323
Resistance 1 1211.7 16.72 59.71 160 27/32 1.1221
Pivot 1206.2 16.57 58.12 159 24/32 1.1093
Support 1 1198.9 16.41 56.92 158 12/32 1.0991
Support 2 1193.4 16.26 55.33 157 9/32 1.0863
Support 3 1186.1 16.10 54.13 155 29/32 1.0761
Contract July Corn July Wheat July Beans July SoyMeal June Nat Gas
Resistance 3 371.2 484.3 1003.67 332.23 2.73
Resistance 2 369.6 484.2 995.83 327.67 2.67
Resistance 1 368.7 483.8 991.92 325.03 2.63
Pivot 367.1 483.7 984.08 320.47 2.57
Support 1 366.2 483.3 980.2 317.8 2.5
Support 2 364.6 483.2 972.33 313.27 2.47
Support 3 363.7 482.8 968.42 310.63 2.43
5. Economic Reports


All times are Eastern time Zone (EST)

Date 4:11pm Currency Impact Detail Actual Forecast Previous Graph
ThuApr 30  2:00am EUR German Retail Sales m/m 0.5% -0.1%
2:45am EUR French Consumer Spending m/m -0.5% 0.1%
3:00am EUR Spanish Flash CPI y/y -0.7% -0.7%
EUR Spanish Flash GDP q/q 0.8% 0.7%
3:55am EUR German Unemployment Change -14K -15K
4:00am EUR ECB Economic Bulletin
EUR Italian Monthly Unemployment Rate 12.6% 12.7%
5:00am EUR CPI Flash Estimate y/y 0.0% -0.1%
EUR Core CPI Flash Estimate y/y 0.6% 0.6%
EUR Unemployment Rate 11.2% 11.3%
EUR Italian Prelim CPI m/m 0.2% 0.1%
8:30am USD Unemployment Claims 287K 295K
USD Core PCE Price Index m/m 0.2% 0.1%
USD Employment Cost Index q/q 0.6% 0.6%
USD Personal Spending m/m 0.6% 0.1%
USD FOMC Member Tarullo Speaks
USD Personal Income m/m 0.2% 0.4%
9:45am USD Chicago PMI 50.4 46.3
10:30am USD Natural Gas Storage 79B 90B

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: Economic Trading   | Future Trading News   | Futures Trading  

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