Futures Trading Levels and Economic Reports for April 23, 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 Tuesday April 23, 2013
Hello Traders,
For 2013 I would like to wish all of you discipline and patience in your trading!
To get a little bit longer term picture, I am sharing my mini SP 500 weekly chart with you. The way I view this chart is that failure to break above 1585 can signal medium term exhaustion of buying and can trigger a visit of 1507. But again…this is just my personal view based on the weekly chart and I have been wrong before, that’s for sure.
RISK DISCLOSURE: Past results are not necessarily indicative of future results. The risk of loss in futures trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.
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 | 1582.83 | 2860.33 | 14725 | 939.10 | 83.27 |
| Resistance 2 | 1571.92 | 2836.42 | 14637 | 926.80 | 83.16 |
| Resistance 1 | 1564.58 | 2818.58 | 14569 | 919.50 | 82.98 |
| Pivot | 1553.67 | 2794.67 | 14481 | 907.20 | 82.86 |
| Support 1 | 1546.33 | 2776.83 | 14413 | 899.90 | 82.68 |
| Support 2 | 1535.42 | 2752.92 | 14325 | 887.60 | 82.57 |
| Support 3 | 1528.08 | 2735.08 | 14257 | 880.30 | 82.39 |
| Contract | June Gold | May Silver | June Crude Oil | June Bonds | June Euro |
| Resistance 3 | 1476.5 | 2422.0 | 91.70 | 149 27/32 | 1.3167 |
| Resistance 2 | 1457.7 | 2393.5 | 90.59 | 149 7/32 | 1.3128 |
| Resistance 1 | 1441.2 | 2364.0 | 89.91 | 148 23/32 | 1.3097 |
| Pivot | 1422.4 | 2335.5 | 88.80 | 148 3/32 | 1.3058 |
| Support 1 | 1405.9 | 2306.0 | 88.12 | 147 19/32 | 1.3027 |
| Support 2 | 1387.1 | 2277.5 | 87.01 | 146 31/32 | 1.2988 |
| Support 3 | 1370.6 | 2248.0 | 86.33 | 146 15/32 | 1.2957 |
| Contract | July Corn | July Wheat | July Beans | July SoyMeal | July bean Oil |
| Resistance 3 | 631.0 | 714.5 | 1385.00 | 407.57 | 48.93 |
| Resistance 2 | 627.5 | 708.5 | 1378.75 | 404.83 | 48.82 |
| Resistance 1 | 625.5 | 705.5 | 1371.50 | 401.47 | 48.70 |
| Pivot | 622.0 | 699.5 | 1365.25 | 398.73 | 48.59 |
| Support 1 | 620.0 | 696.5 | 1358.0 | 395.4 | 48.5 |
| Support 2 | 616.5 | 690.5 | 1351.75 | 392.63 | 48.36 |
| Support 3 | 614.5 | 687.5 | 1344.50 | 389.27 | 48.24 |
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 4:00pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| TueApr 23 | 3:00am | EUR | French Flash Manufacturing PMI | 44.2 | 44.0 | ||||
| EUR | French Flash Services PMI | 42.3 | 41.3 | ||||||
| 3:30am | EUR | German Flash Manufacturing PMI | 49.0 | 49.0 | |||||
| EUR | German Flash Services PMI | 51.1 | 50.9 | ||||||
| 4:00am | EUR | Flash Manufacturing PMI | 46.8 | 46.8 | |||||
| EUR | Flash Services PMI | 46.7 | 46.4 | ||||||
| EUR | Italian Retail Sales m/m | 0.4% | -0.5% | ||||||
| Tentative | EUR | Spanish HPI q/q | -2.2% | ||||||
| 9:00am | USD | Flash Manufacturing PMI | 53.8 | 54.6 | |||||
| USD | HPI m/m | 0.7% | 0.6% | ||||||
| 10:00am | USD | New Home Sales | 416K | 411K | |||||
| USD | Richmond Manufacturing Index | 3 | 3 |
