Futures Trading Levels and Economic Reports for June 18, 2013
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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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.
| 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 |
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 |
