Futures Trading Levels and Economic Reports for April 11, 2013

Futures Trading Levels and Economic Reports for April 11, 2013

 

Jump to a section in this post:

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 11, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

 

Daily Price Limit Methodology Now Effective 
Implemented Monday, April 8, 2013

Changes to the daily price limit methodology for CME and CBOT equity index futures went into effect Monday, April 8, 2013, in coordination with rollout of Market Wide Circuit Breaker changes in the underlying cash equity market. These changes were deferred from an earlier planned rollout date on February 4.

As previously announced, Market Wide Circuit Breakers, or trading halts, for cash equity markets are now determined by declines in the S&P 500 Index (vs. the Dow Jones Industrial Average). Trading halt levels are as follows:

 

Levels as of
April 8, 2013

Effective Hours of 
Levels as of April 8, 2013

Level 1

7%

8:30 a.m. CT – 3:00 p.m. CT

Level 2

13%

Level 3

20%

Overnight

5%

3:00 p.m. CT – 4:15 p.m. CT;
5:00 p.m. CT – 8:30 a.m. CT

 

In addition, we have coordinated the following changes to CME and CBOT stock index futures’ daily price limits methodology with the rule changes in the underlying markets:

  • Implementation of daily price limits on stock index futures contracts (switching from the quarterly price limits currently used)
  • Application of daily price limits each day starting at 5:00 p.m. CT.
  • Reference price for daily price limits for the next trade date based on the 3:00 p.m. CT futures price:
    • Width of the equity index futures price limit band is based on the underlying cash equity index closing value.
    • Daily stock index futures price limits are published on the CME Group website prior to the CME Globex open at 5:00 p.m. CT.

For more information, visit cmegroup.com/eqpricelimits

 

GOOD TRADING

 

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.

 

Futures Trading Levels

Contract June 2013  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell Dollar Index
Resistance 3 1614.33 2938.00 14969 971.27 83.11
Resistance 2 1599.42 2897.75 14866 958.13 82.89
Resistance 1 1590.83 2875.25 14799 950.37 82.75
Pivot 1575.92 2835.00 14696 937.23 82.54
Support 1 1567.33 2812.50 14629 929.47 82.40
Support 2 1552.42 2772.25 14526 916.33 82.18
Support 3 1543.83 2749.75 14459 908.57 82.04
Contract June Gold May Silver May Crude Oil June Bonds June Euro
Resistance 3 1611.2 2838.8 96.53 147 30/32 1.3183
Resistance 2 1599.9 2817.7 95.68 147 16/32 1.3155
Resistance 1 1579.1 2786.8 95.11 146 22/32 1.3113
Pivot 1567.8 2765.7 94.26 146  8/32 1.3085
Support 1 1547.0 2734.8 93.69 145 14/32 1.3043
Support 2 1535.7 2713.7 92.84 145 1.3015
Support 3 1514.9 2682.8 92.27 144  6/32 1.2973
Contract May Corn May Wheat May Beans May SoyMeal May bean Oil
Resistance 3 692.7 716.0 1421.17 409.43 50.41
Resistance 2 678.3 710.3 1414.58 405.17 50.23
Resistance 1 663.7 703.5 1403.67 399.03 50.13
Pivot 649.3 697.8 1397.08 394.77 49.95
Support 1 634.7 691.0 1386.2 388.6 49.9
Support 2 620.3 685.3 1379.58 384.37 49.67
Support 3 605.7 678.5 1368.67 378.23 49.57

 

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 3:41pm Currency Impact Detail Actual Forecast Previous Graph
ThuApr 11 1:30am EUR French CPI m/m 0.7% 0.3%
2:00am EUR German Final CPI m/m 0.5% 0.5%
4:00am EUR ECB Monthly Bulletin
8:30am USD Unemployment Claims 362K 385K
USD FOMC Member Bullard Speaks
USD Import Prices m/m -0.4% 1.1%
10:30am USD Natural Gas Storage -94B
1:00pm USD 30-y Bond Auction 3.25|2.4

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 herein 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: Crude Oil   | Future Trading News  

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