Futures Trading Levels and Economic Reports for April 19, 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 19, 2013
Hello Traders,
For 2013 I would like to wish all of you discipline and patience in your trading!
On a different note this time.
I get asked by many clients as to which charting software I use/ recommend.
I really like CQG and share my CQG charts many times on this blog, however CQG is a premium product that is mostly used by professionals and institutions. For the retail client I find sierra charts to be an amazing package! It offers so many studies, customization, ease of use and much more.
Not just that, if you are a client of Cannon trading who uses the AT software, you can get sierracharts for free as long as you trade 10 contracts per month. otherwise it is $15.95 per month.
Here is a quick screen shot I took today of sierra chart. If you like a free trial, please visit us or email me back.
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 | 1572.50 | 2838.83 | 14764 | 921.30 | 83.10 |
| Resistance 2 | 1563.00 | 2813.42 | 14690 | 915.10 | 82.93 |
| Resistance 1 | 1549.75 | 2774.83 | 14583 | 906.60 | 82.80 |
| Pivot | 1540.25 | 2749.42 | 14509 | 900.40 | 82.63 |
| Support 1 | 1527.00 | 2710.83 | 14402 | 891.90 | 82.51 |
| Support 2 | 1517.50 | 2685.42 | 14328 | 885.70 | 82.34 |
| Support 3 | 1504.25 | 2646.83 | 14221 | 877.20 | 82.21 |
| Contract | June Gold | May Silver | May Crude Oil | June Bonds | June Euro |
| Resistance 3 | 1480.7 | 2493.5 | 92.21 | 149 18/32 | 1.3171 |
| Resistance 2 | 1441.4 | 2429.5 | 90.33 | 149 | 1.3136 |
| Resistance 1 | 1414.3 | 2371.5 | 89.36 | 148 22/32 | 1.3097 |
| Pivot | 1375.0 | 2307.5 | 87.48 | 148 4/32 | 1.3062 |
| Support 1 | 1347.9 | 2249.5 | 86.51 | 147 26/32 | 1.3023 |
| Support 2 | 1308.6 | 2185.5 | 84.63 | 147 8/32 | 1.2988 |
| Support 3 | 1281.5 | 2127.5 | 83.66 | 146 30/32 | 1.2949 |
| Contract | July Corn | July Wheat | July Beans | July SoyMeal | July bean Oil |
| Resistance 3 | 655.1 | 713.8 | 1412.50 | 418.90 | 50.41 |
| Resistance 2 | 649.9 | 712.4 | 1406.00 | 413.90 | 50.20 |
| Resistance 1 | 639.8 | 709.6 | 1398.00 | 408.50 | 49.93 |
| Pivot | 634.7 | 708.2 | 1391.50 | 403.50 | 49.72 |
| Support 1 | 624.6 | 705.3 | 1383.5 | 398.1 | 49.5 |
| Support 2 | 619.4 | 703.9 | 1377.00 | 393.10 | 49.24 |
| Support 3 | 609.3 | 701.1 | 1369.00 | 387.70 | 48.97 |
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 4:00pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| FriApr 19 | 2:00am | EUR | German PPI m/m | 0.2% | -0.1% | ||||
| 4:00am | EUR | Current Account | 13.9B | 14.8B | |||||
| 7:30am | EUR | German Buba President Weidmann Speaks | |||||||
| Day 1 | ALL | IMF Meetings | |||||||
| Day 2 | ALL | G20 Meetings | |||||||
| 12:00pm | USD | FOMC Member Stein Speaks |
