Posted By: Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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
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
Effective Hours of
8:30 a.m. CT – 3:00 p.m. CT
3:00 p.m. CT – 4:15 p.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.
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.
|Contract June 2013||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||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|
|Support 1||1547.0||2734.8||93.69||145 14/32||1.3043|
|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|
For complete contract specifications for the futures markets listed above click here!
All times are Eastern time Zone (EST)
|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|
|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|