Futures Trading Levels and Economic Reports for June 18, 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 June 18, 2013

Hello Traders,

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

 

September is front month now for most futures contracts.

Stock index futures are more volatile the last 2 weeks than we seen in a while. Many times, this can be a signal of a longer term trend change but the main thing for most of you who are daytraders, is to simply understand and expect higher intraday volatility.  Higher intraday volatility for me = trading smaller size, being more picky in my entry levels and allowing more room than normal for my trades and NOT using very tight stops. Of course, this is my opinion and every trader is different but in general this is what I do when the volatility increases.

 

 

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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 1667.00 3037.67 15427 1004.40 81.33
Resistance 2 1654.00 3011.33 15311 996.90 81.20
Resistance 1 1644.00 2988.92 15217 991.00 80.97
Pivot 1631.00 2962.58 15101 983.50 80.84
Support 1 1621.00 2940.17 15007 977.60 80.61
Support 2 1608.00 2913.83 14891 970.10 80.48
Support 3 1598.00 2891.42 14797 964.20 80.25
Contract August Gold July Silver July Crude Oil Sept. Bonds  Sept. Euro
Resistance 3 1401.9 2247.5 99.94 141 20/32 1.3469
Resistance 2 1396.7 2226.5 99.34 141  4/32 1.3429
Resistance 1 1390.3 2202.5 98.58 140 11/32 1.3405
Pivot 1385.1 2181.5 97.98 139 27/32 1.3365
Support 1 1378.7 2157.5 97.22 139  2/32 1.3341
Support 2 1373.5 2136.5 96.62 138 18/32 1.3301
Support 3 1367.1 2112.5 95.86 137 25/32 1.3277
Contract July Corn July Wheat Nov.Beans Dec. SoyMeal July bean Oil
Resistance 3 692.0 693.0 1301.67 460.57 49.26
Resistance 2 681.5 688.5 1295.83 457.03 49.08
Resistance 1 675.0 684.5 1290.67 453.07 48.96
Pivot 664.5 680.0 1284.83 449.53 48.78
Support 1 658.0 676.0 1279.7 445.6 48.7
Support 2 647.5 671.5 1273.83 442.03 48.48
Support 3 641.0 667.5 1268.67 438.07 48.36
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 4:09pm Currency Impact Detail Actual Forecast Previous Graph
TueJun 18  2:00am EUR ECB President Draghi Speaks
5:00am EUR German ZEW Economic Sentiment 38.2 36.4
EUR ZEW Economic Sentiment 29.4 27.6
8:30am USD Building Permits 0.98M 1.01M
USD Core CPI m/m 0.2% 0.1%
USD CPI m/m 0.1% -0.4%
USD Housing Starts 0.95M 0.85M
Day 2 ALL G8 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

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