Futures Support and Resistance Levels 5.04.2016
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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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 May 5, 2016
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For 2016 I would like to wish all of you discipline and patience in your trading!
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| Contract June 2016 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2079.08 | 4383.67 | 17857 | 1137.20 | 93.97 |
| Resistance 2 | 2069.67 | 4362.83 | 17778 | 1130.10 | 93.66 |
| Resistance 1 | 2057.83 | 4333.92 | 17683 | 1120.60 | 93.44 |
| Pivot | 2048.42 | 4313.08 | 17604 | 1113.50 | 93.14 |
| Support 1 | 2036.58 | 4284.17 | 17509 | 1104.00 | 92.92 |
| Support 2 | 2027.17 | 4263.33 | 17430 | 1096.90 | 92.61 |
| Support 3 | 2015.33 | 4234.42 | 17335 | 1087.40 | 92.39 |
| Contract | June Gold | July Silver | June Crude Oil | June Bonds | June Euro |
| Resistance 3 | 1309.0 | 17.83 | 46.43 | 166 5/32 | 1.1604 |
| Resistance 2 | 1300.4 | 17.67 | 45.66 | 165 14/32 | 1.1574 |
| Resistance 1 | 1290.8 | 17.54 | 44.77 | 165 1/32 | 1.1540 |
| Pivot | 1282.2 | 17.38 | 44.00 | 164 10/32 | 1.1510 |
| Support 1 | 1272.6 | 17.24 | 43.11 | 163 29/32 | 1.1476 |
| Support 2 | 1264.0 | 17.08 | 42.34 | 163 6/32 | 1.1446 |
| Support 3 | 1254.4 | 16.95 | 41.45 | 162 25/32 | 1.1412 |
| Contract | July Corn | July Wheat | July Beans | July SoyMeal | June Nat Gas |
| Resistance 3 | 385.8 | 481.3 | 1066.25 | 365.40 | 2.28 |
| Resistance 2 | 383.9 | 478.9 | 1056.00 | 357.80 | 2.22 |
| Resistance 1 | 380.3 | 475.1 | 1045.00 | 351.40 | 2.18 |
| Pivot | 378.4 | 472.7 | 1034.75 | 343.80 | 2.12 |
| Support 1 | 374.8 | 468.8 | 1023.8 | 337.4 | 2.1 |
| Support 2 | 372.9 | 466.4 | 1013.50 | 329.80 | 2.02 |
| Support 3 | 369.3 | 462.6 | 1002.50 | 323.40 | 1.99 |
Economic Reports
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 3:48pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| ThuMay 5 | All Day | EUR | French Bank Holiday | ||||||
| All Day | EUR | German Bank Holiday | |||||||
| 3:30am | GBP | Halifax HPI m/m | 0.1% | 2.6% | |||||
| 4:00am | EUR | ECB Economic Bulletin | |||||||
| 4:10am | EUR | Retail PMI | 49.2 | ||||||
| 4:30am | GBP | Services PMI | 53.6 | 53.7 | |||||
| Tentative | EUR | Spanish 10-y Bond Auction | 1.61|1.5 | ||||||
| Tentative | GBP | 10-y Bond Auction | 1.51|2.0 | ||||||
| 7:30am | USD | Challenger Job Cuts y/y | 31.7% | ||||||
| 8:30am | USD | Unemployment Claims | 261K | 257K | |||||
| 10:30am | USD | Natural Gas Storage | 69B | 73B | |||||
| 11:30am | USD | FOMC Member Bullard Speaks | |||||||
| 7:15pm | USD | FOMC Member Bullard Speaks |
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 judgement in trading.
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