Posted By: Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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
For 2014 I would like to wish all of you discipline and patience in your trading!
- The overnight range
- 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.
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.
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|Contract June 2014||SP500 (big & Mini)||Nasdaq100 (big & Mini)||Dow Jones (big & Mini)||Mini Russell||Dollar Index|
|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|
|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|
|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|
|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