Futures Trading Levels and Economic Reports for June 14, 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 Thursday June 14, 2013

Hello Traders,

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

 

Big moves right around rollover period. Big bounce with big volume.

 

Keep in mind we are trading September mini SP and other stock index futures.

While my levels below are still showing the June numbers, they will start producing the September numbers as of tomorrow.

Hourly and Daily charts of the mini SP 500 for your review below. To be honest I am a bit confused as to the near term direction of the market and think we are in a wide band right now of 1597 to 1650. On the longer term horizon, my weekly chart did produce a sell signal. Time will tell if the signal was good or not….

 

hourly chart of the mini SP

 

daily mini sp 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 June 2013  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell Dollar Index
Resistance 3 1693.33 3060.00 15630 1029.40 81.41
Resistance 2 1666.42 3014.75 15417 1010.40 81.20
Resistance 1 1651.33 2988.25 15298 999.50 80.94
Pivot 1624.42 2943.00 15085 980.50 80.72
Support 1 1609.33 2916.50 14966 969.60 80.46
Support 2 1582.42 2871.25 14753 950.60 80.25
Support 3 1567.33 2844.75 14634 939.70 79.99
Contract August Gold July Silver July Crude Oil Sept. Bonds  June Euro
Resistance 3 1415.6 2234.2 99.29 142 20/32 1.3524
Resistance 2 1405.0 2212.8 98.11 141 17/32 1.3458
Resistance 1 1394.2 2192.7 97.39 140 28/32 1.3411
Pivot 1383.6 2171.3 96.21 139 25/32 1.3345
Support 1 1372.8 2151.2 95.49 139  4/32 1.3298
Support 2 1362.2 2129.8 94.31 138  1/32 1.3232
Support 3 1351.4 2109.7 93.59 137 12/32 1.3185
Contract July Corn July Wheat Nov.Beans July SoyMeal July bean Oil
Resistance 3 658.0 699.7 1327.83 473.23 48.73
Resistance 2 654.5 692.8 1318.17 468.47 48.50
Resistance 1 649.0 689.2 1309.33 460.53 48.17
Pivot 645.5 682.3 1299.67 455.77 47.94
Support 1 640.0 678.7 1290.8 447.8 47.6
Support 2 636.5 671.8 1281.17 443.07 47.38
Support 3 631.0 668.2 1272.33 435.13 47.05
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 3:41pm Currency Impact Detail Actual Forecast Previous Graph
FriJun 14  5:00am EUR CPI y/y 1.4% 1.4%
EUR Core CPI y/y 1.2% 1.0%
EUR Employment Change q/q -0.2% -0.3%
8:30am USD PPI m/m 0.1% -0.7%
USD Core PPI m/m 0.1% 0.1%
USD Current Account -110B -110B
9:15am USD Capacity Utilization Rate 77.9% 77.8%
USD Industrial Production m/m 0.3% -0.5%
9:55am USD Prelim UoM Consumer Sentiment 84.9 84.5
USD Prelim UoM Inflation Expectations 3.1%

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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