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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 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.


mini S&P 5 minute chart





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

5. Economic Reports


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

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  

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