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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 Thursday June 6, 2013

Hello Traders,

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

 

I have been talking on and off about the downside to stock index futures over the past 10 days or so, so I am sharing my daily chart of the mini Russell 2000 for your review. Notice we are sitting right on first major support or what I consider the next decision point, can we break below and build value below this level or vise versa?
TF daily

 

 

 

 

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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 June 2013  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell Dollar Index
Resistance 3 1651.58 3013.08 15376 996.87 83.23
Resistance 2 1641.92 2995.42 15282 989.93 83.07
Resistance 1 1624.83 2967.33 15120 979.27 82.82
Pivot 1615.17 2949.67 15026 972.33 82.66
Support 1 1598.08 2921.58 14864 961.67 82.42
Support 2 1588.42 2903.92 14770 954.73 82.26
Support 3 1571.33 2875.83 14608 944.07 82.01
Contract August Gold July Silver July Crude Oil Sept. Bonds  June Euro
Resistance 3 1425.5 2317.0 95.41 142 19/32 1.3189
Resistance 2 1417.9 2295.5 94.94 141 26/32 1.3153
Resistance 1 1410.3 2272.0 94.34 141 11/32 1.3125
Pivot 1402.7 2250.5 93.87 140 18/32 1.3089
Support 1 1395.1 2227.0 93.27 140  3/32 1.3061
Support 2 1387.5 2205.5 92.80 139 10/32 1.3025
Support 3 1379.9 2182.0 92.20 138 27/32 1.2997
Contract July Corn July Wheat July Beans July SoyMeal July bean Oil
Resistance 3 671.8 710.9 1317.67 472.60 49.14
Resistance 2 669.3 708.8 1313.33 467.30 48.95
Resistance 1 665.0 705.2 1306.67 461.60 48.63
Pivot 662.5 703.1 1302.33 456.30 48.44
Support 1 658.3 699.4 1295.7 450.6 48.1
Support 2 655.8 697.3 1291.33 445.30 47.93
Support 3 651.5 693.7 1284.67 439.60 47.61
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 3:40pm Currency Impact Detail Actual Forecast Previous Graph
ThuJun 6  Tentative EUR French 10-y Bond Auction 1.81|2.0
Tentative EUR Spanish 10-y Bond Auction 4.61|2.6
6:00am EUR German Factory Orders m/m -1.0% 2.2%
7:30am USD Challenger Job Cuts y/y -6.0%
7:45am EUR Minimum Bid Rate 0.50% 0.50%
8:30am EUR ECB Press Conference
USD Unemployment Claims 345K 354K
10:30am USD Natural Gas Storage 101B 88B


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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