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Support & Resistance Levels

This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.


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.


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




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 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
For complete contract specifications for the futures markets listed above click here!

5. Economic Reports


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

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: Future Trading News   | Futures Broker  

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