Futures Levels & Economic Reports 2.05.2015
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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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 February 5, 2015
Hello Traders,
For 2015 I would like to wish all of you discipline and patience in your trading!
The moves on crude oil wow…..
I wrote the following for www.Equities.com yesterday morning with thoughts and chart for review:
http://www.equities.com/editors-desk/stocks/energy/crude-oil-futures-at-crossroad
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.
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| Contract March 2015 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2062.08 | 4287.17 | 17891 | 1205.97 | 95.46 |
| Resistance 2 | 2055.67 | 4265.08 | 17802 | 1201.93 | 94.98 |
| Resistance 1 | 2042.08 | 4235.42 | 17692 | 1193.97 | 94.73 |
| Pivot | 2035.67 | 4213.33 | 17603 | 1189.93 | 94.25 |
| Support 1 | 2022.08 | 4183.67 | 17493 | 1181.97 | 93.99 |
| Support 2 | 2015.67 | 4161.58 | 17404 | 1177.93 | 93.51 |
| Support 3 | 2002.08 | 4131.92 | 17294 | 1169.97 | 93.26 |
| Contract | Apr. Gold | Mar.Silver | March Crude Oil | Mar. Bonds | March Euro |
| Resistance 3 | 1291.8 | 18.12 | 56.01 | 152 7/32 | 1.1586 |
| Resistance 2 | 1282.5 | 17.90 | 54.28 | 151 6/32 | 1.1538 |
| Resistance 1 | 1275.4 | 17.62 | 51.40 | 150 20/32 | 1.1451 |
| Pivot | 1266.1 | 17.40 | 49.67 | 149 19/32 | 1.1403 |
| Support 1 | 1259.0 | 17.12 | 46.79 | 149 1/32 | 1.1316 |
| Support 2 | 1249.7 | 16.90 | 45.06 | 148 | 1.1268 |
| Support 3 | 1242.6 | 16.62 | 42.18 | 147 14/32 | 1.1181 |
| Contract | March Corn | March Wheat | March Beans | March SoyMeal | March bean Oil |
| Resistance 3 | 388.3 | 512.7 | 984.67 | 353.60 | 31.14 |
| Resistance 2 | 386.2 | 512.3 | 981.33 | 348.50 | 31.00 |
| Resistance 1 | 384.8 | 511.7 | 976.67 | 340.60 | 30.80 |
| Pivot | 382.7 | 511.3 | 973.33 | 335.50 | 30.66 |
| Support 1 | 381.3 | 510.7 | 968.7 | 327.6 | 30.5 |
| Support 2 | 379.2 | 510.3 | 965.33 | 322.50 | 30.32 |
| Support 3 | 377.8 | 509.7 | 960.67 | 314.60 | 30.12 |
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 4:27pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| ThuFeb 5 | 2:00am | EUR | German Factory Orders m/m | 1.4% | -2.4% | ||||
| 4:10am | EUR | Retail PMI | 47.6 | ||||||
| 5:00am | EUR | EU Economic Forecasts | |||||||
| Tentative | EUR | French 10-y Bond Auction | 0.79|2.0 | ||||||
| 7:30am | USD | Challenger Job Cuts y/y | 6.6% | ||||||
| 8:30am | USD | Trade Balance | -38.0B | -39.0B | |||||
| USD | Unemployment Claims | 277K | 265K | ||||||
| USD | Prelim Nonfarm Productivity q/q | 0.9% | 2.3% | ||||||
| USD | Prelim Unit Labor Costs q/q | 1.1% | -1.0% | ||||||
| 10:30am | USD | Natural Gas Storage | -119B | -94B |
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.
