Futures Trading Levels and Economic Reports for October 18, 2013
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 Friday October 18, 2013
For 2013 I would like to wish all of you discipline and patience in your trading!
As most of you know, for short term trading I like to use volume charts, range bar charts and Renko charts.
I have shared some set ups in previous posts and will continue to do so.
Here is a little more on Range bar charts, courtesy of CQG.com which is my main charting/execution software followed by sierra charts:
Range Bar (RB)
A Range Bar chart is a non-time-based chart constructed of bars that indicate price movement as a way to help expose trends and volatility. A bar is created each time a trade occurs outside of the previous bar’s stated price range, which you set in preferences.
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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|
|Contract||Dec. Gold||Dec. Silver||Nov. Crude Oil||Dec. Bonds||Dec. Euro|
|Resistance 3||1388.9||2342.7||104.27||135 28/32||1.3904|
|Resistance 2||1356.6||2281.3||103.30||135 2/32||1.3795|
|Resistance 1||1338.4||2232.7||101.98||134 18/32||1.3737|
|Support 1||1287.9||2122.7||99.69||133 8/32||1.3570|
|Support 2||1255.6||2061.3||98.72||132 14/32||1.3461|
|Support 3||1237.4||2012.7||97.40||131 30/32||1.3403|
|Contract||Dec Corn||Dec. Wheat||Nov.Beans||Dec. SoyMeal||Dec. bean Oil|
|FriOct 18||12:30pm||USD||FOMC Member Tarullo Speaks|
|2:00pm||USD||FOMC Member Evans Speaks|
|3:40pm||USD||FOMC Member Dudley Speaks|
|4:30pm||USD||FOMC Member Stein Speaks|
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.