Futures Levels & Economic Reports 3.26.2014 - Cannon Trading

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 Levels & Economic Reports 3.26.2014

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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 Wednesday March 26, 2014

Hello Traders,

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

The importance of a positive state of mind when trading….is HUGE….
I have seen it when helping clients, interacting with online clients and most of all with myself.
When I let the market or surrounding elements take me out of my focus and allow frustration to take control, the results can be dangerous….an example might be getting stopped out on a short crude trade at the high of the day just to see the market reverses fast and strong….A client may get frustrated because of margin calls or other issues.
It may even be elements outside of trading, such as family, phone calls or just feeling stressed for non trading related issues.
The result of all of the above ends up being poor decision making, trading with frustration, low thresh hold for mistakes and much more.
What is the solution? I do not have one but recognizing that you are trading with the wrong frame of mind or frustration is a good first step. Taking a small break from the screen and putting things in a bigger perspective is a good second step. Deep breaths and a quick time out never hurt anyone either…..

Hope that by sharing this I may help you the next time frustration is about to take over…..


GOOD TRADING

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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 1882.00 3711.83 16489 1207.50 80.76
Resistance 2 1873.25 3681.92 16410 1197.70 80.59
Resistance 1 1865.50 3650.83 16350 1185.40 80.35
Pivot 1856.75 3620.92 16271 1175.60 80.18
Support 1 1849.00 3589.83 16211 1163.30 79.93
Support 2 1840.25 3559.92 16132 1153.50 79.76
Support 3 1832.50 3528.83 16072 1141.20 79.52
Contract Apr. Gold May Silver May Crude Oil June Bonds  Mar. Euro
Resistance 3 1330.1 2047.8 101.48 133 29/32 1.3960
Resistance 2 1324.1 2034.7 100.86 133 20/32 1.3902
Resistance 1 1318.1 2016.8 100.03 133  8/32 1.3862
Pivot 1312.1 2003.7 99.41 132 31/32 1.3804
Support 1 1306.1 1985.8 98.58 132 19/32 1.3764
Support 2 1300.1 1972.7 97.96 132 10/32 1.3706
Support 3 1294.1 1954.8 97.13 131 30/32 1.3666
Contract May Corn May Wheat May Beans May SoyMeal May bean Oil
Resistance 3 492.4 711.2 1446.00 476.17 41.42
Resistance 2 490.8 710.6 1440.00 471.63 41.26
Resistance 1 488.7 709.4 1434.00 467.67 41.00
Pivot 487.1 708.8 1428.00 463.13 40.84
Support 1 484.9 707.7 1422.0 459.2 40.6
Support 2 483.3 707.1 1416.00 454.63 40.42
Support 3 481.2 705.9 1410.00 450.67 40.16
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 4:14pm Currency Impact Detail Actual Forecast Previous Graph
WedMar 26 3:00am EUR GfK German Consumer Climate 8.5 8.5
5:00am EUR Italian Retail Sales m/m 0.4% -0.3%
6:00am EUR Italian Prelim CPI m/m 0.2% -0.1%
8:30am USD Core Durable Goods Orders m/m 0.3% 1.1%
USD Durable Goods Orders m/m 1.1% -1.0%
9:45am USD Flash Services PMI 54.2 53.3
10:30am USD Crude Oil Inventories 5.9M
4:30pm USD Bank Stress Test Results

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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