Futures Trading Levels and Economic Reports for May 31, 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 Friday May 31, 2013

Hello Traders,

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

 

While I mostly talk about short term trading in this blog, I wanted to bring to everyone’s attention that we do offer and assist clients with longer term trading as well as options on futures.

 

I like using options spreads and selling premium in different market conditions and I wrote an informative summary about this topic at:

 

https://www.cannontrading.com/tools/education-futures-options-trading-101

 

So if you are in a position, looking to take a longer term position, would like some feedback on different uses of options, please feel free to contact any of us here at Cannon or email me back and we will be happy to help.

 

 

 

 

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

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.

 

Futures Trading Levels

Contract June 2013  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell Dollar Index
Resistance 3 1682.25 3073.83 15544 1010.30 84.30
Resistance 2 1671.50 3049.67 15466 1003.00 84.03
Resistance 1 1662.50 3030.08 15394 998.10 83.55
Pivot 1651.75 3005.92 15316 990.80 83.28
Support 1 1642.75 2986.33 15244 985.90 82.79
Support 2 1632.00 2962.17 15166 978.60 82.52
Support 3 1623.00 2942.58 15094 973.70 82.04
Contract June Gold July Silver July Crude Oil June Bonds  June Euro
Resistance 3 1453.6 2381.0 96.84 142  1/32 1.3219
Resistance 2 1435.7 2343.5 95.42 141 18/32 1.3141
Resistance 1 1424.3 2306.0 94.50 141  2/32 1.3091
Pivot 1406.4 2268.5 93.08 140 19/32 1.3013
Support 1 1395.0 2231.0 92.16 140  3/32 1.2963
Support 2 1377.1 2193.5 90.74 139 20/32 1.2885
Support 3 1365.7 2156.0 89.82 139  4/32 1.2835
Contract July Corn July Wheat July Beans July SoyMeal July bean Oil
Resistance 3 677.1 706.4 1513.17 451.40 49.15
Resistance 2 670.9 702.6 1506.58 448.60 48.93
Resistance 1 662.6 700.7 1501.17 444.70 48.75
Pivot 656.4 696.8 1494.58 441.90 48.53
Support 1 648.1 694.9 1489.2 438.0 48.4
Support 2 641.9 691.1 1482.58 435.20 48.13
Support 3 633.6 689.2 1477.17 431.30 47.95
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 4:12pm Currency Impact Detail Actual Forecast Previous Graph
FriMay 31  2:00am EUR German Retail Sales m/m 0.3% -0.5%
2:45am EUR French Consumer Spending m/m -0.5% 1.3%
4:00am EUR Italian Quarterly Unemployment Rate 11.2% 11.2%
EUR Italian Monthly Unemployment Rate 11.6% 11.5%
All Day ALL OPEC Meetings
5:00am EUR CPI Flash Estimate y/y 1.4% 1.2%
EUR Unemployment Rate 12.2% 12.1%
EUR Italian Prelim CPI m/m 0.1% 0.1%
8:30am USD Core PCE Price Index m/m 0.1% 0.0%
USD Personal Spending m/m 0.2% 0.2%
USD Personal Income m/m 0.2% 0.2%
9:45am USD Chicago PMI 50.3 49.0
9:55am USD Revised UoM Consumer Sentiment 84.1 83.7
USD Revised UoM Inflation Expectations 3.1%

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

Tags: > > > Posted in: Future Trading News  

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