Posted By: Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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 Thursday July 25, 2013
For 2013 I would like to wish all of you discipline and patience in your trading!
I wrote about stock index futures and the confusing technical picture we have. Today was the first down day in the SP 500 in a while, however, AAPL earnings sent the NASDAQ futures higher.
I think if NASDAQ futures can take out the 3021 level basis the September contract, we can actually see a more meaningful decline across the board.
Mini NASDAQ 100 futures daily chart for your review below.
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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 Sept. 2013||SP500 (big & Mini)||Nasdaq100 (big & Mini)||Dow Jones (big & Mini)||Mini Russell||Dollar Index|
|Contract||August Gold||Sept. Silver||Sept. Crude Oil||Sept. Bonds||Sept. Euro|
|Resistance 3||1377.8||2095.3||109.59||136 28/32||1.3326|
|Resistance 2||1363.3||2072.2||108.55||136 2/32||1.3293|
|Resistance 1||1341.8||2042.8||106.86||135 4/32||1.3246|
|Support 1||1305.8||1990.3||104.13||133 12/32||1.3166|
|Support 2||1291.3||1967.2||103.09||132 18/32||1.3133|
|Support 3||1269.8||1937.8||101.40||131 20/32||1.3086|
|Contract||Dec Corn||Sept. Wheat||Nov.Beans||Dec. SoyMeal||Dec. bean Oil|
|ThuJul 25||3:00am||EUR||Spanish Unemployment Rate||27.2%||27.2%|
|4:00am||EUR||German Ifo Business Climate||106.3||105.9|
|EUR||M3 Money Supply y/y||3.0%||2.9%|
|EUR||Private Loans y/y||-0.9%||-1.1%|
|8:30am||USD||Core Durable Goods Orders m/m||0.5%||0.5%|
|USD||Durable Goods Orders m/m||1.1%||3.7%|
|8:45am||USD||Treasury Sec Lew Speaks|
|9:00am||EUR||Belgium NBB Business Climate||-11.2||-12.8|
|10:30am||USD||Natural Gas Storage||44B||58B|
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