Futures Levels & Economic Reports 4.03-2014 - 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 4.03-2014

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

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 3, 2014


Hello Traders,

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

“Weird” type of trading action in stock index futures today. Almost felt like “they” were just looking for stops with no real direction…Tight ranges, low volatility, definitely NOT my preferred type of trading day but you have to play with the cards you been dealt with……The above being said…I think that by Friday we should definitely see a different type of trading day. With monthly unemployment early Friday morning, there are higher chances for volatility in my eyes.As far as tomorrow goes, I will look for clues based on:

  1. The overnight range
  2. The first 30 minutes of trading.

These two pieces of information can help you make an educated guess as far as the type of trading day ahead.

last but not least….there are more than a few other markets to day trade that offer liquidity, volatility and a different type of trading personality.

I like to look at crude oil, bonds, mini Russell, Gold and Euro to name a few.


GOOD TRADING

If you like the information we share? We would appreciate your positive reviews on our new yelp!!

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 June 2014  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell Dollar Index
Resistance 3 1898.08 3698.33 16606 1200.80 80.78
Resistance 2 1892.17 3683.42 16558 1195.60 80.61
Resistance 1 1888.08 3672.33 16527 1192.50 80.50
Pivot 1882.17 3657.42 16479 1187.30 80.32
Support 1 1878.08 3646.33 16448 1184.20 80.21
Support 2 1872.17 3631.42 16400 1179.00 80.04
Support 3 1868.08 3620.33 16369 1175.90 79.93
Contract June Gold May Silver May Crude Oil June Bonds  June Euro
Resistance 3 1313.0 2057.2 100.79 133  9/32 1.3870
Resistance 2 1303.9 2035.8 100.31 132 30/32 1.3844
Resistance 1 1297.0 2015.7 99.82 132 15/32 1.3803
Pivot 1287.9 1994.3 99.34 132  4/32 1.3777
Support 1 1281.0 1974.2 98.85 131 21/32 1.3736
Support 2 1271.9 1952.8 98.37 131 10/32 1.3710
Support 3 1265.0 1932.7 97.88 130 27/32 1.3669
Contract May Corn May Wheat May Beans May SoyMeal May bean Oil
Resistance 3 517.5 678.8 1509.83 496.87 42.64
Resistance 2 511.8 676.8 1499.42 491.43 42.28
Resistance 1 503.8 673.0 1480.83 483.97 41.56
Pivot 498.0 671.0 1470.42 478.53 41.20
Support 1 490.0 667.3 1451.8 471.1 40.5
Support 2 484.3 665.3 1441.42 465.63 40.12
Support 3 476.3 661.5 1422.83 458.17 39.40
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 4:19pm Currency Impact Detail Actual Forecast Previous Graph
ThuApr 3  3:15am EUR Spanish Services PMI 54.1 53.7
3:45am EUR Italian Services PMI 52.3 52.9
4:00am EUR Final Services PMI 52.4 52.4
5:00am EUR Retail Sales m/m -0.3% 1.6%
Tentative EUR Spanish 10-y Bond Auction 3.34|2.8
Tentative EUR French 10-y Bond Auction 2.20|2.1
7:30am USD Challenger Job Cuts y/y -24.4%
7:45am EUR Minimum Bid Rate 0.25% 0.25%
8:30am EUR ECB Press Conference
USD Trade Balance -38.3B -39.1B
USD Unemployment Claims 319K 311K
9:45am USD Final Services PMI 55.5 55.5
10:00am EUR ECB President Draghi Speaks
USD ISM Non-Manufacturing PMI 53.5 51.6
10:30am USD Natural Gas Storage -75B -57B

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  

Comments are closed.

Trading Expertise As Featured In

Trading Tips You Can Use Right Away!


Watch 4 short videos on the topics of:
  • Using Bollinger Bands and Parabolics
  • Using range Bars for Day-Trading
  • The concept of Price Confirmation
  • How to Use Support & Resistance Levels
  • License 3 Broker at your Fingertips
Loading
Loading

Loading
Loading
Loading

Loading