Futures Trading Levels and Economic Reports for April 17, 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 Wednesday April 18, 2013
Hello Traders,
For 2013 I would like to wish all of you discipline and patience in your trading!
Where do I look and when do I pay attention?
By: Justin Smith, Cannon Trading Commodities Broker
Every trader has done it. You’ve done it, your friends have done it, even your broker has done it at one point early in their career.
Here’s the scenario:
You’ve finally finished your futures education at Cannon Trading Company. You’ve done you’re homework on stops, limits, indicators and price movements for the market you’re trading. You’re ready to go, you enter your limit order and you wait.
**DING**
You get filled. Your heart rate picks up, a wry smile crosses your face and you begin to imagine the possibilities of the one trade you’re in: How much can I make? How much can I lose before it’s too much? You’ve waited through months of technical trading and deep meditation to get here, and now it’s finally paying off with one of your first trades in the live market. Sayonara paper trading; aloha live futures.
Then, all of a sudden…...continue reading
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 | 1608.25 | 2897.00 | 14953 | 947.13 | 83.23 |
| Resistance 2 | 1589.50 | 2865.25 | 14826 | 934.27 | 82.93 |
| Resistance 1 | 1579.75 | 2848.75 | 14759 | 927.33 | 82.39 |
| Pivot | 1561.00 | 2817.00 | 14632 | 914.47 | 82.09 |
| Support 1 | 1551.25 | 2800.50 | 14565 | 907.53 | 81.55 |
| Support 2 | 1532.50 | 2768.75 | 14438 | 894.67 | 81.25 |
| Support 3 | 1522.75 | 2752.25 | 14371 | 887.73 | 80.71 |
| Contract | June Gold | May Silver | May Crude Oil | June Bonds | June Euro |
| Resistance 3 | 1493.8 | 2625.5 | 92.65 | 149 9/32 | 1.3431 |
| Resistance 2 | 1449.0 | 2511.5 | 90.80 | 148 27/32 | 1.3319 |
| Resistance 1 | 1411.1 | 2428.0 | 89.77 | 148 6/32 | 1.3254 |
| Pivot | 1366.3 | 2314.0 | 87.92 | 147 24/32 | 1.3142 |
| Support 1 | 1328.4 | 2230.5 | 86.89 | 147 3/32 | 1.3077 |
| Support 2 | 1283.6 | 2116.5 | 85.04 | 146 21/32 | 1.2965 |
| Support 3 | 1245.7 | 2033.0 | 84.01 | 146 | 1.2900 |
| Contract | May Corn | May Wheat | May Beans | May SoyMeal | May bean Oil |
| Resistance 3 | 684.2 | 711.3 | 1426.33 | 417.70 | 49.85 |
| Resistance 2 | 674.1 | 707.7 | 1421.17 | 410.70 | 49.47 |
| Resistance 1 | 668.7 | 705.6 | 1416.33 | 406.00 | 49.23 |
| Pivot | 658.6 | 701.9 | 1411.17 | 399.00 | 48.85 |
| Support 1 | 653.2 | 699.8 | 1406.3 | 394.3 | 48.6 |
| Support 2 | 643.1 | 696.2 | 1401.17 | 387.30 | 48.23 |
| Support 3 | 637.7 | 694.1 | 1396.33 | 382.60 | 47.99 |
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 4:05pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| WedApr 17 | Tentative | EUR | German 10-y Bond Auction | 1.36|1.6 | |||||
| 9:30am | USD | FOMC Member Bullard Speaks | |||||||
| 10:30am | USD | Crude Oil Inventories | 1.2M | 0.3M | |||||
| 12:00pm | USD | FOMC Member Rosengren Speaks | |||||||
| 2:00pm | USD | Beige Book | |||||||
| 4:00pm | USD | Treasury Sec Lew Speaks |
