Futures Trading Levels and Economic Reports for July 2nd, 2013

Support & Resistance Levels

This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.

Futures Trading Levels and Economic Reports for July 2nd, 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 July 2, 2013

Hello Traders,

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

 

 There wont be any blog commentary until July 8th as I am taking a family vacation.

Trading levels will be published daily.

Wishing all of you good trading!

 

Fourth of July Day Holiday Schedule

for CME / Globex & ICE Exchanges

 

CME Group

 

CME & CBOT Equity Products

 

Wednesday, July 3

12:15 P.M. CT –Early close

5:00 P.M. CT –Regular open for trade date Friday, July 5*

Thursday, July 4

7:15 A.M.  CT – Regular open – USD – Ibovespa Futures open for trade date Friday, July 5

10:30 A.M.  CT – Trading halt

Order entry, modification and cancellation allowed

5:00 P.M. CT – Halted products resume trading

Friday, July 5

7:15 A.M.  CT – Regular open – USD – Ibovespa Futures

4:15 P.M. CT – Regular close

 

CME & CBOT Interest Rate & FX Products

 

Wednesday, July 3

4:00 P.M. CT – Regular close

5:00 P.M. CT – Regular open for trade date Friday, July 5*

Thursday, July 4

12:00 P.M. CT – Trading halt

Order entry, modification and cancellation allowed

5:00 P.M. CT – Halted products resume trading

Friday, July 5

4:00 P.M. CT – Regular close

 

NYMEX & COMEX Products

 

Wednesday, July 3

4:15 P.M. CT / 1715 ET – Regular close

5:00 P.M. CT / 1800 P.M. ET – Regular open for trade date Friday, July 5*

Thursday, July 4

12:15 P.M. CT / 1:15 P.M. ET – Trading halt

Order entry, modification, and cancellation allowed

5:00 P.M. CT / 6:00 P.M. ET – Halted products resume trading

Friday, July 5

4:15 P.M. CT / 5:15 P.M. ET – Regular close

 

CBOT, KCBT, MGEX Grain & Agricultural Products

 

Wednesday, July 3

12:00 P.M. CT – Early CBOT & KCBT close

12:15 P.M. CT – Early MGEX Wheat

12:30 P.M. CT – Early CBOT Mini-Sized grain close

12:30 P.M. CT – Early MGEX Indices close

Note: Modified grain pre-opening between 1230/1300 CT – 1600 CT

4:45 P.M. CT – Products will be in a pre-open until their respective opens on Friday, July 5*

Friday, July 5

8:30 A.M.  CT – Grains open

Regular close – Per each product schedule

 

Other CME Group Products

 

Wednesday, July 3

12:00 P.M. CT – Early close for Lumber

12:02 P.M. CT – Early close for Lumber Options

12:15 P.M. CT – Early close for Livestock Futures & Options

Regular Close – Per each product schedule:

 

Exceptions:

Lumber will remain closed until its scheduled opening of 9:00 A.M. CT on Friday

Livestock will remain closed until its scheduled opening 9:05 A.M. CT on Friday

 

Friday, July 5

Regular close – Per each product schedule

 

*Dates and times are subject to change.  *Note: Session orders entered on Wednesday after 4:45 P.M. CT / 5:45 P.M. ET are for trade date Friday, July 5 and will continue working until Friday’s close unless otherwise noted.

 

More info at: http://www.cmegroup.com/tools-information/holiday-calendar/files/2013-4th-of-july-done.pdf

 

ICE Futures US

 

U.S. Grain & Oilseed, Equity Products


Wednesday, July 3

13:00 P.M. ET – Early U.S. Grains and Oilseeds close
13:15 P.M. ET – Early Russell Index close

Thursday, July 4

CLOSED – Softs and U.S. Grains and Oilseeds
1:00 P.M. ET – Early USDX & FOREX close
11:30 A.M. ET Early Russell Index close

Friday, July 5 
8:00 A.M. ET – Delayed Cotton No 2 open
8:00 A.M. ET – Delayed U.S. Grains & Oilseeds open

 

More info at:

 

https://www.theice.com/marketdata/Calendar.shtml?calendars=Holiday&expirationEnabled=false&calendars=SpecialTradingHours

 

 

The above sources were compiled from sources believed to be reliable.  Cannon Trading assumes no responsibility for any errors or omissions.  It is meant as an alert to events that may affect trading strategies and is not necessarily complete.  The closing times for certain contracts may have been rescheduled.

 

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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.

 

Futures Trading Levels

Contract Sept. 2013  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell Dollar Index
Resistance 3 1649.00 3000.42 15235 1016.50 83.67
Resistance 2 1634.75 2973.58 15123 1004.10 83.57
Resistance 1 1621.75 2947.92 15014 995.40 83.38
Pivot 1607.50 2921.08 14902 983.00 83.28
Support 1 1594.50 2895.42 14793 974.30 83.08
Support 2 1580.25 2868.58 14681 961.90 82.98
Support 3 1567.25 2842.92 14572 953.20 82.79
Contract August Gold July Silver August Crude Oil Sept. Bonds  Sept. Euro
Resistance 3 1305.6 2069.5 100.97 137 18/32 1.3155
Resistance 2 1283.7 2038.5 99.62 136 25/32 1.3113
Resistance 1 1268.0 1998.0 98.76 136 13/32 1.3092
Pivot 1246.1 1967.0 97.41 135 20/32 1.3050
Support 1 1230.4 1926.5 96.55 135  8/32 1.3029
Support 2 1208.5 1895.5 95.20 134 15/32 1.2987
Support 3 1192.8 1855.0 94.34 134  3/32 1.2966
Contract Dec Corn July Wheat Nov.Beans Dec. SoyMeal Dec. bean Oil
Resistance 3 513.6 675.7 1269.67 382.53 46.32
Resistance 2 510.9 671.3 1263.08 378.87 46.00
Resistance 1 506.1 663.2 1253.17 372.43 45.84
Pivot 503.4 658.8 1246.58 368.77 45.52
Support 1 498.6 650.7 1236.7 362.3 45.4
Support 2 495.9 646.3 1230.08 358.67 45.04
Support 3 491.1 638.2 1220.17 352.23 44.88
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 3:54pm Currency Impact Detail Actual Forecast Previous Graph
TueJul 2  3:00am EUR Spanish Unemployment Change -83.5K -98.3K
5:00am EUR PPI m/m -0.2% -0.6%
10:00am USD Factory Orders m/m 2.0% 1.0%
USD IBD/TIPP Economic Optimism 49.3 49.0
All Day USD Total Vehicle Sales 15.3M 15.3M
12:30pm USD FOMC Member Dudley Speaks
5:45pm USD FOMC Member Powell Speaks

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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