Futures Trading Levels and Economic Reports for April 12, 2013
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 Friday April 12, 2013
Hello Traders,
For 2013 I would like to wish all of you discipline and patience in your trading!
Not much to write today but two excellent articles about trading which you can read at:
https://www.cannontrading.com/community/man-vs-markets-futures-trading-blog
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.
| Contract June 2013 | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell | Dollar Index |
| Resistance 3 | 1606.00 | 2873.67 | 14940 | 957.13 | 83.18 |
| Resistance 2 | 1599.50 | 2866.08 | 14882 | 953.47 | 82.93 |
| Resistance 1 | 1593.75 | 2858.42 | 14838 | 948.83 | 82.64 |
| Pivot | 1587.25 | 2850.83 | 14780 | 945.17 | 82.39 |
| Support 1 | 1581.50 | 2843.17 | 14736 | 940.53 | 82.10 |
| Support 2 | 1575.00 | 2835.58 | 14678 | 936.87 | 81.85 |
| Support 3 | 1569.25 | 2827.92 | 14634 | 932.23 | 81.56 |
| Contract | June Gold | May Silver | May Crude Oil | June Bonds | June Euro |
| Resistance 3 | 1583.4 | 2825.5 | 95.95 | 147 1/32 | 1.3249 |
| Resistance 2 | 1575.7 | 2802.0 | 95.30 | 146 23/32 | 1.3197 |
| Resistance 1 | 1568.3 | 2781.0 | 94.37 | 146 14/32 | 1.3154 |
| Pivot | 1560.6 | 2757.5 | 93.72 | 146 4/32 | 1.3102 |
| Support 1 | 1553.2 | 2736.5 | 92.79 | 145 27/32 | 1.3059 |
| Support 2 | 1545.5 | 2713.0 | 92.14 | 145 17/32 | 1.3007 |
| Support 3 | 1538.1 | 2692.0 | 91.21 | 145 8/32 | 1.2964 |
| Contract | May Corn | May Wheat | May Beans | May SoyMeal | May bean Oil |
| Resistance 3 | 666.0 | 704.3 | 1419.33 | 408.77 | 50.41 |
| Resistance 2 | 662.8 | 702.9 | 1412.67 | 403.93 | 50.26 |
| Resistance 1 | 657.0 | 700.3 | 1407.33 | 399.47 | 50.01 |
| Pivot | 653.8 | 698.9 | 1400.67 | 394.63 | 49.86 |
| Support 1 | 648.0 | 696.3 | 1395.3 | 390.2 | 49.6 |
| Support 2 | 644.8 | 694.9 | 1388.67 | 385.33 | 49.46 |
| Support 3 | 639.0 | 692.3 | 1383.33 | 380.87 | 49.21 |
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 3:31pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| FriApr 12 | 2:00am | EUR | German WPI m/m | 0.3% | 0.1% | ||||
| 5:00am | EUR | Industrial Production m/m | 0.3% | -0.4% | |||||
| Day 1 | EUR | ECOFIN Meetings | |||||||
| All Day | EUR | Eurogroup Meetings | |||||||
| 8:30am | USD | Core Retail Sales m/m | -0.1% | 1.0% | |||||
| USD | PPI m/m | -0.2% | 0.7% | ||||||
| USD | Retail Sales m/m | 0.0% | 1.1% | ||||||
| USD | Core PPI m/m | 0.2% | 0.2% | ||||||
| 8:45am | USD | FOMC Member Rosengren Speaks | |||||||
| 9:55am | USD | Prelim UoM Consumer Sentiment | 79.1 | 78.6 | |||||
| USD | Prelim UoM Inflation Expectations | 3.2% | |||||||
| 10:00am | USD | Business Inventories m/m | 0.4% | 1.0% | |||||
| 12:30pm | USD | Fed Chairman Bernanke Speaks |
