Futures Trading Levels and Economic Reports for May 16, 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 Thursday May 16, 2013
Hello Traders,
For 2013 I would like to wish all of you discipline and patience in your trading!
We saw good volume across different markets today including better volume in the SP 500 than we saw in a while.
The most meaningful move in my opinion was in silver and gold and a daily chart of the gold market is below for your review:
If you like the information we share? We would appreciate your positive reviews on our new yelp!!
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 | 1680.25 | 3032.67 | 15436 | 1001.73 | 84.75 |
| Resistance 2 | 1670.00 | 3018.58 | 15357 | 996.37 | 84.48 |
| Resistance 1 | 1663.25 | 3010.67 | 15302 | 991.73 | 84.21 |
| Pivot | 1653.00 | 2996.58 | 15223 | 986.37 | 83.94 |
| Support 1 | 1646.25 | 2988.67 | 15168 | 981.73 | 83.67 |
| Support 2 | 1636.00 | 2974.58 | 15089 | 976.37 | 83.40 |
| Support 3 | 1629.25 | 2966.67 | 15034 | 971.73 | 83.13 |
| Contract | June Gold | July Silver | June Crude Oil | June Bonds | June Euro |
| Resistance 3 | 1461.2 | 2414.3 | 97.44 | 145 24/32 | 1.3036 |
| Resistance 2 | 1445.3 | 2379.7 | 95.94 | 145 6/32 | 1.2990 |
| Resistance 1 | 1418.2 | 2313.8 | 95.14 | 144 21/32 | 1.2936 |
| Pivot | 1402.3 | 2279.2 | 93.64 | 144 3/32 | 1.2890 |
| Support 1 | 1375.2 | 2213.3 | 92.84 | 143 18/32 | 1.2836 |
| Support 2 | 1359.3 | 2178.7 | 91.34 | 143 | 1.2790 |
| Support 3 | 1332.2 | 2112.8 | 90.54 | 142 15/32 | 1.2736 |
| Contract | July Corn | July Wheat | July Beans | July SoyMeal | July bean Oil |
| Resistance 3 | 672.7 | 712.8 | 1437.17 | 421.53 | 50.55 |
| Resistance 2 | 666.1 | 708.9 | 1428.58 | 418.17 | 50.25 |
| Resistance 1 | 658.4 | 701.3 | 1420.67 | 414.33 | 49.80 |
| Pivot | 651.8 | 697.4 | 1412.08 | 410.97 | 49.50 |
| Support 1 | 644.2 | 689.8 | 1404.2 | 407.1 | 49.1 |
| Support 2 | 637.6 | 685.9 | 1395.58 | 403.77 | 48.75 |
| Support 3 | 629.9 | 678.3 | 1387.67 | 399.93 | 48.30 |
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 3:50pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| ThuMay 16 | 2:45am | EUR | French Prelim Non-Farm Payrolls q/q | -0.3% | -0.3% | ||||
| 4:00am | EUR | Italian Trade Balance | 1.72B | 1.09B | |||||
| 5:00am | EUR | CPI y/y | 1.2% | 1.2% | |||||
| EUR | Core CPI y/y | 1.0% | 1.5% | ||||||
| EUR | Trade Balance | 11.8B | 12.0B | ||||||
| 7:45am | USD | FOMC Member Rosengren Speaks | |||||||
| 8:30am | USD | Building Permits | 0.94M | 0.91M | |||||
| USD | Core CPI m/m | 0.2% | 0.1% | ||||||
| USD | Unemployment Claims | 332K | 323K | ||||||
| USD | CPI m/m | -0.3% | -0.2% | ||||||
| USD | Housing Starts | 0.98M | 1.04M | ||||||
| 10:00am | USD | Philly Fed Manufacturing Index | 2.5 | 1.3 | |||||
| 10:30am | USD | Natural Gas Storage | 96B | 88B | |||||
| 12:30pm | USD | FOMC Member Raskin Speaks |
