Futures Trading System Webinar on Stock Index Futures

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 Day Trading Systems Webinar & Economic Reports 6.05.2014

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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 Thursday June 5, 2014

Hello Traders,

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


First few days of June saw light volume and narrow ranges on stock index futures as the markets made new all time highs.

I mentioned this before, over the years, volatility comes and goes in cycles so be aware of the type of market conditions you are currently trading and be ready to adjust when volatility picks up.

In between a reminder about our webinar tomorrow:


iSystems – Let the ALGOs do the heavy lifting

Join us for a Webinar on June 5th 3:15 Central time/ 1:15 Pacific time 

Join us for an informative and entertaining 60 minute webinar on iSystems, a new Automated Trading Systems Platform. We’ll be joined by Walter Gallwas, President of iSystems.

Most traders have heard of ALGO trading, trading systems and some may be trading a system in order to take the emotions out of trading, and this educational webinar on this Thursday at 3:15 Central time will cover all of the benefits of trading systems and the iSystems platform, including:
* What are trading systems?
* What is iSystems?
* Finding the right trading system for you and helps keep you consistent in your trading.
* Ways to trade automated trading systems
Seats are limited, as attendees will also receive direct access to:

1. The 200+ professionally developed trading systems on the iSystems Platform
2. A plethora of educational and “how to” articles relating to trading systems from many angles.

Futures and forex trading is complex and carries the risk of substantial losses. It is not suitable for all investors. The ability to withstand losses and to adhere to a particular trading program in spite of trading losses are material points which can adversely affect investor returns.

Title: iSystems – Let the ALGOs do the heavy lifting
Date: Thursday, June 5, 2014
Time: 1:15 PM – 2:15 PM PDT
After registering you will receive a confirmation email containing information about joining the Webinar.


System Requirements
PC-based attendees
Required: Windows® 8, 7, Vista, XP or 2003 Server
Mac®-based attendees
Required: Mac OS® X 10.6 or newer
Mobile attendees
Required: iPhone®, iPad®, Android™ phone or Android tablet


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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

Contract June 2014  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell Dollar Index
Resistance 3 1941.50 3792.58 16824 1149.47 80.98
Resistance 2 1934.25 3770.92 16778 1140.13 80.85
Resistance 1 1930.50 3757.33 16753 1135.27 80.78
Pivot 1923.25 3735.67 16707 1125.93 80.64
Support 1 1919.50 3722.08 16682 1121.07 80.57
Support 2 1912.25 3700.42 16636 1111.73 80.44
Support 3 1908.50 3686.83 16611 1106.87 80.37
Contract August Gold July Silver July Crude Oil September Bonds  June Euro
Resistance 3 1254.3 1902.3 104.54 136 11/32 1.3669
Resistance 2 1251.9 1895.2 104.12 136  1/32 1.3654
Resistance 1 1247.6 1886.3 103.27 135 19/32 1.3626
Pivot 1245.2 1879.2 102.85 135  9/32 1.3611
Support 1 1240.9 1870.3 102.00 134 27/32 1.3583
Support 2 1238.5 1863.2 101.58 134 17/32 1.3568
Support 3 1234.2 1854.3 100.73 134  3/32 1.3540
Contract July Corn July Wheat July Beans July SoyMeal July bean Oil
Resistance 3 463.7 620.3 1502.67 510.83 40.30
Resistance 2 461.6 619.2 1496.83 507.57 39.79
Resistance 1 458.9 616.8 1489.67 502.03 39.52
Pivot 456.8 615.7 1483.83 498.77 39.01
Support 1 454.2 613.3 1476.7 493.2 38.7
Support 2 452.1 612.2 1470.83 489.97 38.23
Support 3 449.4 609.8 1463.67 484.43 37.96
5. Economic Reports


All times are Eastern time Zone (EST)

Date 4:11pm Currency Impact Detail Actual Forecast Previous Graph
ThuJun 5  2:00am EUR German Factory Orders m/m 1.3% -2.8%
4:10am EUR Retail PMI 51.2
5:00am EUR Retail Sales m/m 0.1% 0.3%
Tentative EUR French 10-y Bond Auction 2.00|2.2
Day 2 ALL G7 Meetings
7:30am USD Challenger Job Cuts y/y 5.7%
7:45am EUR Minimum Bid Rate 0.10% 0.25%
8:30am EUR ECB Press Conference
USD Unemployment Claims 309K 300K
10:30am USD Natural Gas Storage 116B 114B
1:30pm USD FOMC Member Kocherlakota Speaks

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.

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