Futures Trading Levels and Economic Reports for June 25, 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 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.
Daily chart of the mini Russell, 961.90 is the first resistance on the 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.
| 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 |
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 |
