Futures Trading Levels and Economic Reports for April 18,2013
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 Thursday April 18, 2013
Hello Traders,
For 2013 I would like to wish all of you discipline and patience in your trading!
The higher volatility in stock index futures continued today as well. If one looks at the ATR ( avg. True range) in the daily chart below, you can see how the daily ranges have expanded over the past few days.
PERSONALLY, I like it. I prefer day-trading futures when there is a bit more range and volatility but then again every trader is different and one must know what risks and opporunities different market enviroments present.
As far as market outlook, almost a flip of a coin at the time I am writing this but my speculation leans towards lower prices, especially if we can break 1534.
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 | 1598.00 | 2893.17 | 14877 | 943.27 | 84.02 |
| Resistance 2 | 1583.75 | 2861.83 | 14784 | 931.83 | 83.42 |
| Resistance 1 | 1566.50 | 2820.92 | 14680 | 918.17 | 83.09 |
| Pivot | 1552.25 | 2789.58 | 14587 | 906.73 | 82.49 |
| Support 1 | 1535.00 | 2748.67 | 14483 | 893.07 | 82.17 |
| Support 2 | 1520.75 | 2717.33 | 14390 | 881.63 | 81.57 |
| Support 3 | 1503.50 | 2676.42 | 14286 | 867.97 | 81.24 |
| Contract | June Gold | May Silver | May Crude Oil | June Bonds | June Euro |
| Resistance 3 | 1421.3 | 2457.8 | 91.62 | 149 26/32 | 1.3360 |
| Resistance 2 | 1408.3 | 2415.2 | 90.35 | 149 7/32 | 1.3282 |
| Resistance 1 | 1391.1 | 2368.8 | 88.59 | 148 19/32 | 1.3161 |
| Pivot | 1378.1 | 2326.2 | 87.32 | 148 | 1.3083 |
| Support 1 | 1360.9 | 2279.8 | 85.56 | 147 12/32 | 1.2962 |
| Support 2 | 1347.9 | 2237.2 | 84.29 | 146 25/32 | 1.2884 |
| Support 3 | 1330.7 | 2190.8 | 82.53 | 146 5/32 | 1.2763 |
| Contract | July Corn | July Wheat | July Beans | July SoyMeal | July bean Oil |
| Resistance 3 | 647.8 | 716.2 | 1408.00 | 408.80 | 50.78 |
| Resistance 2 | 645.9 | 713.1 | 1398.00 | 405.10 | 50.22 |
| Resistance 1 | 643.6 | 710.2 | 1389.00 | 402.20 | 49.83 |
| Pivot | 641.7 | 707.1 | 1379.00 | 398.50 | 49.27 |
| Support 1 | 639.3 | 704.2 | 1370.0 | 395.6 | 48.9 |
| Support 2 | 637.4 | 701.1 | 1360.00 | 391.90 | 48.32 |
| Support 3 | 635.1 | 698.2 | 1351.00 | 389.00 | 47.93 |
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 3:51pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| ThuApr 18 | Tentative | EUR | Spanish 10-y Bond Auction | 4.48|2.1 | |||||
| 8:30am | USD | Unemployment Claims | 349K | 346K | |||||
| 10:00am | USD | Philly Fed Manufacturing Index | 2.7 | 2.0 | |||||
| USD | CB Leading Index m/m | 0.1% | 0.5% | ||||||
| 10:30am | USD | Natural Gas Storage | 35B | -14B | |||||
| Day 1 | ALL | G20 Meetings | |||||||
| 12:00pm | USD | FOMC Member Raskin Speaks |
