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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.

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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 Friday June 21, 2013

Hello Traders,

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.

 

mini russell daily 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 Sept. 2013  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell Dollar Index
Resistance 3 1658.17 3017.00 15335 1003.57 83.30
Resistance 2 1640.58 2986.75 15191 992.23 82.81
Resistance 1 1612.17 2936.25 14944 975.47 82.42
Pivot 1594.58 2906.00 14800 964.13 81.93
Support 1 1566.17 2855.50 14553 947.37 81.54
Support 2 1548.58 2825.25 14409 936.03 81.05
Support 3 1520.17 2774.75 14162 919.27 80.66
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
Pivot 1302.1 2013.8 95.94 136 18/32 1.3232
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
Resistance 3 614.1 708.2 1301.33 459.57 48.93
Resistance 2 607.9 704.8 1297.67 456.53 48.83
Resistance 1 603.1 702.7 1291.33 451.07 48.61
Pivot 596.9 699.3 1287.67 448.03 48.51
Support 1 592.1 697.2 1281.3 442.6 48.3
Support 2 585.9 693.8 1277.67 439.53 48.19
Support 3 581.1 691.7 1271.33 434.07 47.97
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 4:04pm Currency Impact Detail Actual Forecast Previous Graph
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

 

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