Posted By: Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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 Wednesday May 15, 2013
For 2013 I would like to wish all of you discipline and patience in your trading!
Below is a daily chart of the mini Russell 2000 for review with potential extensions to the top side along with possible support lines.
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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.
|WedMay 15||1:30am||EUR||French Prelim GDP q/q||-0.1%||-0.3%|
|2:00am||EUR||German Prelim GDP q/q||0.3%||-0.6%|
|2:45am||EUR||French CPI m/m||0.1%||0.8%|
|4:00am||EUR||Italian Prelim GDP q/q||-0.4%||-0.9%|
|5:00am||EUR||Flash GDP q/q||-0.1%||-0.6%|
|USD||Core PPI m/m||0.1%||0.2%|
|USD||Empire State Manufacturing Index||3.6||3.1|
|9:00am||USD||TIC Long-Term Purchases||33.8B||-17.8B|
|9:15am||USD||Capacity Utilization Rate||78.4%||78.5%|
|USD||Industrial Production m/m||-0.1%||0.4%|
|10:00am||USD||NAHB Housing Market Index||43||42|
|10:30am||USD||Crude Oil Inventories||0.5M||0.2M|
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