Futures Trading Levels and Economic Reports for May 24, 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 Friday May 24, 2013
Hello Traders,
For 2013 I would like to wish all of you discipline and patience in your trading!
Memorial Day Holiday Schedule for CME / Globex and ICE Exchanges
All times listed as Central Time
Friday, May 24
- CME & CBOT Equity Products
4:15 P.M. – regular close
- ICE Equity Products
Russell Index contracts: 4:15 P.M. Central Time – early close
- CME & CBOT Interest Rate & FX Products
3:15 P.M. Central Time – early close
- CBOT, KCBT Grain & Agricultural Products
Regular close – per each product schedule
Note: Grain pre-opening between 2:30 P.M. – 4:00 P.M.
- Other CME Group Products
Regular Close per each product schedule for:
Livestock, Weather, Real Estate, Lumber, Dairy
- ICE Softs, Cash-Settled Grains
Regular Close per each product
- ICE USDX and Forex
2:15 P.M. – early close
Sunday, May 26
- CME & CBOT Equity Products
5:00 P.M. – regular open for trade date Tuesday, May 28*
- CME & CBOT Interest Rate & FX Products
5:00 P.M. – regular open for trade date Tuesday, May 28*
- CBOT, KCBT Grain & Agricultural Products
4:00 P.M. Grain markets pre-open for trade date Tuesday, May 28
- Other CME Group Products
5:00 P.M – Regular open for trade date Tuesday, May 28*
Exceptions: Dairy, Weather products will remain closed until 5:00 P.M. on Monday; Lumber will remain closed until its scheduled opening 9:00 A.M. on Tuesday; Livestock will remain closed until its scheduled opening 9:05 A.M. on Tuesday
More details at: http://www.cmegroup.com/tools-information/holiday-calendar/files/2013-memorial-day.pdf
Monday, May 27
- CME & CBOT Equity Products
10:30 A.M. – Trading halt (order entry, modification and cancellation allowed)
5:00 P.M.: Halted products resume trading
- CME & CBOT Interest Rate & FX Products
12:00 P.M. – Trading halt (order entry, modification and cancellation allowed)
5:00 P.M. – Halted products resume trading
- NYMEX & COMEX Products
12:15 P.M. – trading halt (order entry, modification and cancellation allowed)
5:00 P.M. – Halted products resume trading
- CBOT, KCBT Grain & Agricultural Products
7:00 P.M. – Grain markets open for trade date Tuesday, May 28
- ICE Softs, Cash-Settled Grains
CLOSED
- ICE FOREX, USDX
Early close at 12:00 P.M.
- Russell INDEX
Early close 10:30 A.M.
More details at: https://www.theice.com/marketdata/Calendar.shtml?calendars=Holiday&expirationEnabled=false&calendars=SpecialTradingHours
The above sources were compiled from sources believed to be reliable. Cannon Trading assumes no responsibility for any errors or omissions. It is meant as an alert to events that may affect trading strategies and is not necessarily complete. The closing times for certain contracts may have been rescheduled.
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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 June 2013 | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell | Dollar Index |
| Resistance 3 | 1687.50 | 3060.50 | 15573 | 1007.37 | 85.27 |
| Resistance 2 | 1673.25 | 3034.50 | 15459 | 996.43 | 84.93 |
| Resistance 1 | 1661.25 | 3013.25 | 15371 | 989.87 | 84.34 |
| Pivot | 1647.00 | 2987.25 | 15257 | 978.93 | 84.00 |
| Support 1 | 1635.00 | 2966.00 | 15169 | 972.37 | 83.41 |
| Support 2 | 1620.75 | 2940.00 | 15055 | 961.43 | 83.07 |
| Support 3 | 1608.75 | 2918.75 | 14967 | 954.87 | 82.48 |
| Contract | June Gold | July Silver | July Crude Oil | June Bonds | June Euro |
| Resistance 3 | 1449.2 | 2356.8 | 97.39 | 145 28/32 | 1.3128 |
| Resistance 2 | 1423.1 | 2310.7 | 95.91 | 145 | 1.3043 |
| Resistance 1 | 1407.1 | 2284.3 | 95.16 | 144 2/32 | 1.2992 |
| Pivot | 1381.0 | 2238.2 | 93.68 | 143 6/32 | 1.2907 |
| Support 1 | 1365.0 | 2211.8 | 92.93 | 142 8/32 | 1.2856 |
| Support 2 | 1338.9 | 2165.7 | 91.45 | 141 12/32 | 1.2771 |
| Support 3 | 1322.9 | 2139.3 | 90.70 | 140 14/32 | 1.2720 |
| Contract | July Corn | July Wheat | July Beans | July SoyMeal | July bean Oil |
| Resistance 3 | 685.8 | 718.8 | 1584.00 | 464.33 | 51.12 |
| Resistance 2 | 677.7 | 711.4 | 1562.50 | 457.87 | 50.69 |
| Resistance 1 | 669.8 | 707.3 | 1531.00 | 447.43 | 50.17 |
| Pivot | 661.7 | 699.9 | 1509.50 | 440.97 | 49.74 |
| Support 1 | 653.8 | 695.8 | 1478.0 | 430.5 | 49.2 |
| Support 2 | 645.7 | 688.4 | 1456.50 | 424.07 | 48.79 |
| Support 3 | 637.8 | 684.3 | 1425.00 | 413.63 | 48.27 |
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 4:00pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| FriMay 24 | 2:00am | EUR | GfK German Consumer Climate | 6.2 | 6.2 | ||||
| EUR | German Final GDP q/q | 0.1% | 0.1% | ||||||
| 4:00am | EUR | German Ifo Business Climate | 104.6 | 104.4 | |||||
| 6:00am | EUR | German Buba President Weidmann Speaks | |||||||
| 8:30am | USD | Core Durable Goods Orders m/m | 0.6% | -1.5% | |||||
| USD | Durable Goods Orders m/m | 1.6% | -6.9% | ||||||
| 9:00am | EUR | Belgium NBB Business Climate | -13.4 | -14.7 |
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
