Futures Trading Levels and Economic Reports for October 11, 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 Friday October 11, 2013
Hello Traders,
For 2013 I would like to wish all of you discipline and patience in your trading!
Big upside move today in stock index futures.
The big question is : is this buy the rumor, sell the fact? is this just a relief rally on news that lack much substance?
The future will answer our question but in between anyone’s speculation can be right or wrong….
I think in the shorter term we need to see which is the path of least resistance first, the 1694 area or the 1681 level. We will probably get an answer to that tomorrow. Then we need to see the wider bands and what type of price action we get….Trading is definitely NOT an easy thing but if any of you found ways to make it easier, please share and I will try to spread the word!
EP – E-Mini S&P 500, Equalized Active Daily Continuation
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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.
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| Contract Dec. 2013 | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell | Dollar Index |
| Resistance 3 | 1738.92 | 3303.00 | 15483 | 1100.97 | 81.00 |
| Resistance 2 | 1713.33 | 3256.25 | 15268 | 1084.63 | 80.84 |
| Resistance 1 | 1699.17 | 3226.25 | 15150 | 1075.57 | 80.71 |
| Pivot | 1673.58 | 3179.50 | 14935 | 1059.23 | 80.55 |
| Support 1 | 1659.42 | 3149.50 | 14817 | 1050.17 | 80.42 |
| Support 2 | 1633.83 | 3102.75 | 14602 | 1033.83 | 80.26 |
| Support 3 | 1619.67 | 3072.75 | 14484 | 1024.77 | 80.13 |
| Contract | Dec. Gold | Dec. Silver | Nov. Crude Oil | Dec. Bonds | Dec. Euro |
| Resistance 3 | 1330.1 | 2269.0 | 106.37 | 134 | 1.3619 |
| Resistance 2 | 1321.0 | 2247.0 | 104.97 | 133 15/32 | 1.3585 |
| Resistance 1 | 1303.6 | 2205.0 | 103.96 | 133 2/32 | 1.3557 |
| Pivot | 1294.5 | 2183.0 | 102.56 | 132 17/32 | 1.3523 |
| Support 1 | 1277.1 | 2141.0 | 101.55 | 132 4/32 | 1.3495 |
| Support 2 | 1268.0 | 2119.0 | 100.15 | 131 19/32 | 1.3461 |
| Support 3 | 1250.6 | 2077.0 | 99.14 | 131 6/32 | 1.3433 |
| Contract | Dec Corn | Dec. Wheat | Nov.Beans | Dec. SoyMeal | Dec. bean Oil |
| Resistance 3 | 451.8 | 700.1 | 1309.33 | 420.90 | 41.78 |
| Resistance 2 | 448.4 | 697.2 | 1304.67 | 418.40 | 41.54 |
| Resistance 1 | 443.3 | 691.3 | 1296.33 | 414.00 | 41.38 |
| Pivot | 439.9 | 688.4 | 1291.67 | 411.50 | 41.14 |
| Support 1 | 434.8 | 682.6 | 1283.3 | 407.1 | 41.0 |
| Support 2 | 431.4 | 679.7 | 1278.67 | 404.60 | 40.74 |
| Support 3 | 426.3 | 673.8 | 1270.33 | 400.20 | 40.58 |
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 4:23pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| FriOct 11 | 2:00am | EUR | German Final CPI m/m | 0.0% | 0.0% | ||||
| EUR | German WPI m/m | 0.5% | -0.6% | ||||||
| 9:55am | USD | Prelim UoM Consumer Sentiment | 77.2 | 77.5 | |||||
| USD | Prelim UoM Inflation Expectations | 3.3% | |||||||
| Day 1 | ALL | IMF Meetings | |||||||
| 11:00am | USD | FOMC Member Powell Speaks | |||||||
| Day 2 | ALL | G20 Meetings |
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
