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 Friday May 23, 2014
For 2014 I would like to wish all of you discipline and patience in your 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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|Contract June 2014||SP500 (big & Mini)||Nasdaq100 (big & Mini)||Dow Jones (big & Mini)||Mini Russell||Dollar Index|
|Contract||June Gold||July Silver||July Crude Oil||June Bonds||June Euro|
|Resistance 3||1316.6||2023.2||104.85||137 12/32||1.3722|
|Resistance 2||1310.4||2002.8||104.53||137 3/32||1.3705|
|Resistance 1||1302.6||1976.7||104.18||136 27/32||1.3679|
|Support 1||1288.6||1930.2||103.51||136 10/32||1.3636|
|Support 2||1282.4||1909.8||103.19||136 1/32||1.3619|
|Support 3||1274.6||1883.7||102.84||135 25/32||1.3593|
|Contract||July Corn||July Wheat||July Beans||July SoyMeal||July bean Oil|
|FriMay 23||2:00am||EUR||German Final GDP q/q||0.8%||0.8%|
|4:00am||EUR||German Ifo Business Climate||111.0||111.2|
|EUR||Italian Retail Sales m/m||0.3%||-0.2%|
|Day 2||EUR||European Parliamentary Elections|
|9:00am||EUR||Belgian NBB Business Climate||-4.7||-4.6|
|10:00am||USD||New Home Sales||426K||384K|
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.