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Futures Trading Levels and Economic Reports for July 19, 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 Friday July 19, 2013

Hello Traders,

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

Big divergence today between NASDAQ futures and the rest of the indices ( SP500, Dow Jones, Russell). To be honest I am not sure if this can be a start of a turning point or not but if you are trading stock indices be aware of it.

As I wrote yesterday, i would like to see SP futures break below 1665 before going short and this did not happen yet.

On the other hand the signal I got on the NASDAQ did get a confirmation once we broke below 3064 level. Daily chart with possible levels for your review below.

Mini Nasdaq 100 Futures Daily Chart

Mini Nasdaq 100 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 1706.50 3106.83 15676 1065.97 83.53
Resistance 2 1697.50 3096.92 15605 1058.93 83.35
Resistance 1 1689.75 3077.33 15543 1052.47 83.13
Pivot 1680.75 3067.42 15472 1045.43 82.95
Support 1 1673.00 3047.83 15410 1038.97 82.73
Support 2 1664.00 3037.92 15339 1031.93 82.55
Support 3 1656.25 3018.33 15277 1025.47 82.33
Contract August Gold Sept. Silver August Crude Oil Sept. Bonds  Sept. Euro
Resistance 3 1303.8 1989.7 111.24 136 19/32 1.3198
Resistance 2 1295.9 1973.3 109.83 136  5/32 1.3164
Resistance 1 1289.2 1954.2 108.96 135 11/32 1.3138
Pivot 1281.3 1937.8 107.55 134 29/32 1.3104
Support 1 1274.6 1918.7 106.68 134  3/32 1.3078
Support 2 1266.7 1902.3 105.27 133 21/32 1.3044
Support 3 1260.0 1883.2 104.40 132 27/32 1.3018
Contract Dec Corn Sept. Wheat Nov.Beans Dec. SoyMeal Dec. bean Oil
Resistance 3 509.9 669.7 1288.83 393.93 46.07
Resistance 2 505.6 667.8 1281.92 389.17 45.84
Resistance 1 503.2 664.2 1273.83 383.53 45.61
Pivot 498.8 662.3 1266.92 378.77 45.38
Support 1 496.4 658.7 1258.8 373.1 45.2
Support 2 492.1 656.8 1251.92 368.37 44.92
Support 3 489.7 653.2 1243.83 362.73 44.69
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 3:48pm Currency Impact Detail Actual Forecast Previous Graph
FriJul 19  2:00am EUR German PPI m/m -0.2% -0.3%
Tentative EUR Spanish HPI q/q -0.8%
Day 1 ALL G20 Meetings

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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