Futures Trading Levels and Economic Reports for June 25, 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 Friday June 21, 2013

Hello Traders,

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

Last few weeks I have been sharing somewhat of a bearish view on Stock Indices, which came true. There is a big difference between reading the market and actually trading it….There have been many times That my read on the market was correct but different emotions, mainly fear and greed, did not allow me to take advantage of the correct market read….but then again that is a topic for a whole new article to come soon.

In between I am sharing two charts of the mini Russell 2000, the weekly chart followed by the daily chart for a view of more immediate levels to watch and longer term levels to be aware of as well.

Weekly chart of the mini Russell 2000, 901 seems like a strong support level for the longer term time frame.

weekly russell chart

 

Daily chart of the mini Russell, 961.90 is the first resistance on the daily chart:

daily chart of russell

 

 

 

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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 1616.75 2923.25 14977 977.87 83.48
Resistance 2 1601.50 2897.00 14854 968.13 83.27
Resistance 1 1583.75 2870.25 14720 957.47 82.96
Pivot 1568.50 2844.00 14597 947.73 82.74
Support 1 1550.75 2817.25 14463 937.07 82.43
Support 2 1535.50 2791.00 14340 927.33 82.22
Support 3 1517.75 2764.25 14206 916.67 81.91
Contract August Gold July Silver August Crude Oil Sept. Bonds  Sept. Euro
Resistance 3 1322.4 2084.2 99.06 137 14/32 1.3249
Resistance 2 1311.6 2050.8 97.33 136 10/32 1.3199
Resistance 1 1296.8 2004.7 96.14 135 13/32 1.3164
Pivot 1286.0 1971.3 94.41 134  9/32 1.3114
Support 1 1271.2 1925.2 93.22 133 12/32 1.3079
Support 2 1260.4 1891.8 91.49 132  8/32 1.3029
Support 3 1245.6 1845.7 90.30 131 11/32 1.2994
Contract Dec Corn July Wheat Nov.Beans Dec. SoyMeal Dec. bean Oil
Resistance 3 550.4 695.3 1296.17 392.37 46.57
Resistance 2 548.8 691.7 1284.83 386.53 46.41
Resistance 1 547.7 685.3 1279.17 383.17 46.34
Pivot 546.1 681.7 1267.83 377.33 46.18
Support 1 544.9 675.3 1262.2 374.0 46.1
Support 2 543.3 671.7 1250.83 368.13 45.95
Support 3 542.2 665.3 1245.17 364.77 45.88
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 3:57pm Currency Impact Detail Actual Forecast Previous Graph
TueJun 25  4:00am EUR Italian Retail Sales m/m 0.0% -0.3%
8:30am USD Core Durable Goods Orders m/m -0.1% 1.5%
USD Durable Goods Orders m/m 3.0% 3.5%
9:00am USD S&P/CS Composite-20 HPI y/y 10.6% 10.9%
USD HPI m/m 1.2% 1.3%
10:00am USD CB Consumer Confidence 75.6 76.2
USD New Home Sales 462K 454K
USD Richmond Manufacturing Index 0 -2
5:00pm USD Treasury Sec Lew Speaks


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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