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 8, 2013
For 2013 I would like to wish all of you discipline and patience in your trading!
Without risk capital to trade, a speculator does not have a chance…
If you like the information we share? We would appreciate your positive reviews on our new yelp!!
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|
|Contract||June Gold||July Silver||June Crude Oil||June Bonds||June Euro|
|Resistance 3||1496.7||2480.7||97.52||147 18/32||1.3184|
|Resistance 2||1483.4||2442.3||96.89||147 8/32||1.3160|
|Resistance 1||1467.1||2416.7||96.18||146 25/32||1.3120|
|Support 2||1424.2||2314.3||94.21||145 22/32||1.3032|
|Support 3||1407.9||2288.7||93.50||145 7/32||1.2992|
|Contract||July Corn||July Wheat||July Beans||July SoyMeal||July bean Oil|
|WedMay 8||All Day||EUR||French Bank Holiday|
|6:00am||EUR||German Industrial Production m/m||-0.1%||0.5%|
|8:30am||USD||FOMC Member Stein Speaks|
|10:30am||USD||Crude Oil Inventories||2.1M||6.7M|
|1:00pm||USD||10-y Bond Auction||1.80|2.8|
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