Futures Trading Levels and Economic Reports for May 30, 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 Thursday May 30, 2013

Hello Traders,

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

 

Stock Index futures starting to feel bit more bearish with recent price action.

I am waiting to see what market will do (when/if) it visits the 1632 level.

 

On different topic, a good article I wrote few weeks back with some chart examples and my thoughts on day-trading crude oil futures.

Read more

 

 

 

 

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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 1674.92 3040.08 15562 1011.87 85.11
Resistance 2 1665.83 3024.42 15476 1003.33 84.77
Resistance 1 1656.17 3009.58 15381 995.17 84.22
Pivot 1647.08 2993.92 15295 986.63 83.88
Support 1 1637.42 2979.08 15200 978.47 83.33
Support 2 1628.33 2963.42 15114 969.93 82.99
Support 3 1618.67 2948.58 15019 961.77 82.44
Contract June Gold July Silver July Crude Oil June Bonds  June Euro
Resistance 3 1414.9 2288.3 97.07 144 11/32 1.3141
Resistance 2 1404.9 2267.7 96.15 143  2/32 1.3061
Resistance 1 1399.1 2254.3 94.68 142 14/32 1.3000
Pivot 1389.1 2233.7 93.76 141  5/32 1.2920
Support 1 1383.3 2220.3 92.29 140 17/32 1.2859
Support 2 1373.3 2199.7 91.37 139  8/32 1.2779
Support 3 1367.5 2186.3 89.90 138 20/32 1.2718
Contract July Corn July Wheat July Beans July SoyMeal July bean Oil
Resistance 3 687.7 716.2 1526.50 459.97 49.94
Resistance 2 677.8 709.6 1517.25 453.63 49.65
Resistance 1 671.4 706.2 1509.50 448.97 49.14
Pivot 661.6 699.6 1500.25 442.63 48.85
Support 1 655.2 696.2 1492.5 438.0 48.3
Support 2 645.3 689.6 1483.25 431.63 48.05
Support 3 638.9 686.2 1475.50 426.97 47.54
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 3:50pm Currency Impact Detail Actual Forecast Previous Graph
ThuMay 30  4:10am EUR Retail PMI 44.2
Tentative EUR Italian 10-y Bond Auction 3.94|1.4
8:30am USD Prelim GDP q/q 2.5% 2.5%
USD Unemployment Claims 342K 340K
USD Prelim GDP Price Index q/q 1.2% 1.2%
10:00am USD Pending Home Sales m/m 1.3% 1.5%
10:30am USD Natural Gas Storage 85B 89B
11:00am USD Crude Oil Inventories -0.8M -0.3M


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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