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 Friday June 21, 2013
For 2013 I would like to wish all of you discipline and patience in your trading!
WOW…what a volatile 36 hours in so many markets.
BIG down moves in many markets and huge spike in volatility.
If you are a daytrader, make sure you stay discipline and choose only trades you feel have good risk-reward. Times like these are not the times to trade with out stops in my opinion….Understand that the market swings are wider, reduce trade size and give your trades a little more room.
If you are a client and have any questions, feel free to call. if you are a prospect, please send an email and we will try to assist.
Below is a daily chart of the mini Russell along with some possible levels to watch for.
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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||July Silver||August Crude Oil||Sept. Bonds||Sept. Euro|
|Resistance 3||1404.7||2248.7||100.83||139 19/32||1.3439|
|Resistance 2||1377.9||2188.3||99.53||138 21/32||1.3373|
|Resistance 1||1328.9||2074.2||97.24||137 16/32||1.3298|
|Support 1||1253.1||1899.7||93.65||135 13/32||1.3157|
|Support 2||1226.3||1839.3||92.35||134 15/32||1.3091|
|Support 3||1177.3||1725.2||90.06||133 10/32||1.3016|
|Contract||Dec. Corn||July Wheat||Nov.Beans||Dec. SoyMeal||July bean Oil|
|FriJun 21||4:00am||EUR||Current Account||15.1B||25.9B|
|All Day||EUR||ECOFIN 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