Futures Trading Levels and Economic Reports for August 13, 2013

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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 August 13, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

Another slow, summer trading day to start the week in the stock index futures segment. Be careful of this type of trading days. The low volume and narrow ranges can get you too comfortable to trading sloppy….

Sometimes no trade is better than a bad trade. Actually all the time…

In between gold futures had a nice up move over the last few sessions. Daily chart of Dec. Gold futures for your review below.

Notice that prices closed ABOVE the IMOKU cloud, which is usually a bullish sign. Market needs to confirm this bullish sign by closing above 1349.5.

Gold Futures Daily Chart

Gold Futures Daily Chart

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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 Sept. 2013  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell Dollar Index
Resistance 3 1704.58 3173.00 15543 1073.23 82.04
Resistance 2 1696.42 3151.25 15474 1062.77 81.80
Resistance 1 1691.58 3137.75 15429 1057.03 81.60
Pivot 1683.42 3116.00 15360 1046.57 81.36
Support 1 1678.58 3102.50 15315 1040.83 81.16
Support 2 1670.42 3080.75 15246 1030.37 80.92
Support 3 1665.58 3067.25 15201 1024.63 80.72
Contract Dec. Gold Sept. Silver Sept. Crude Oil Sept. Bonds  Sept. Euro
Resistance 3 1378.6 2247.5 108.21 135 26/32 1.3409
Resistance 2 1361.2 2196.0 107.33 135 14/32 1.3378
Resistance 1 1348.4 2165.0 106.78 134 24/32 1.3342
Pivot 1331.0 2113.5 105.90 134 12/32 1.3311
Support 1 1318.2 2082.5 105.35 133 22/32 1.3275
Support 2 1300.8 2031.0 104.47 133 10/32 1.3244
Support 3 1288.0 2000.0 103.92 132 20/32 1.3208
Contract Dec Corn Sept. Wheat Nov.Beans Dec. SoyMeal Dec. bean Oil
Resistance 3 494.3 639.0 1268.17 398.40 43.80
Resistance 2 481.7 637.0 1247.08 386.60 43.32
Resistance 1 472.8 636.0 1236.17 379.30 43.03
Pivot 460.2 634.0 1215.08 367.50 42.55
Support 1 451.3 633.0 1204.2 360.2 42.3
Support 2 438.7 631.0 1183.08 348.40 41.78
Support 3 429.8 630.0 1172.17 341.10 41.49
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 4:12pm Currency Impact Detail Actual Forecast Previous Graph
TueAug 13  2:00am EUR German Final CPI m/m 0.5% 0.5%
EUR German WPI m/m 0.2% -0.4%
5:00am EUR German ZEW Economic Sentiment 40.3 36.3
EUR Industrial Production m/m 1.1% -0.3%
EUR ZEW Economic Sentiment 37.4 32.8
7:30am USD NFIB Small Business Index 95.4 93.5
8:30am USD Core Retail Sales m/m 0.4% 0.0%
USD Retail Sales m/m 0.2% 0.4%
USD Import Prices m/m 0.9% -0.2%
10:00am USD Business Inventories m/m 0.3% 0.1%

 


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

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