Futures Trading Levels and Economic Reports for April 23, 2013

Futures Trading Levels and Economic Reports for April 23, 2013

 

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.

 

mini sp 500 weekly chart

 

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.

 

Futures Trading Levels

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

5. Economic Reports

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

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  

Comments are closed.

Download Cannon’s new eBook, “Futures Forthright” instantly.


Quick Tip: After registering you will be emailed login information, so be sure to use an email address you have access to. If you need assistance please call us at 1-800-454-9572, a professional broker will help you through the registration process.
________
Doing Business With
See more...
Loading
Loading

Loading