Futures Trading Levels and Economic Reports for October 25, 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 October 25, 2013

Hello Traders,

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

 

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TRADING COMMODITY FUTURES AND OPTIONS INVOLVE SUBSTANTIAL RISK OF LOSS. THE RECOMMENDATIONS CONTAINED IN THE LETTER IS OF OPINION AND DOES NOT GUARANTEE ANY PROFITS. THERE IS NOT AN ACTUAL ACCOUNT TRADING THESE RECOMMENDATIONS. THESE ARE RISKY MARKETS AND ONLY RISK CAPITAL SHOULD BE USED. PAST PERFORMANCES ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

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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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Futures Trading Levels

Contract Dec. 2013  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell Dollar Index
Resistance 3 1764.25 3390.17 15613 1130.60 79.61
Resistance 2 1758.00 3375.33 15539 1124.40 79.49
Resistance 1 1752.50 3365.17 15494 1121.10 79.37
Pivot 1746.25 3350.33 15420 1114.90 79.25
Support 1 1740.75 3340.17 15375 1111.60 79.13
Support 2 1734.50 3325.33 15301 1105.40 79.01
Support 3 1729.00 3315.17 15256 1102.10 78.89
Contract Dec. Gold Dec. Silver Dec. Crude Oil Dec. Bonds  Dec. Euro
Resistance 3 1377.5 2331.3 99.60 136  7/32 1.3893
Resistance 2 1364.9 2311.2 98.65 136 1.3860
Resistance 1 1355.4 2291.3 97.86 135 17/32 1.3832
Pivot 1342.8 2271.2 96.91 135 10/32 1.3799
Support 1 1333.3 2251.3 96.12 134 27/32 1.3771
Support 2 1320.7 2231.2 95.17 134 20/32 1.3738
Support 3 1311.2 2211.3 94.38 134  5/32 1.3710
Contract Dec Corn Dec. Wheat Nov.Beans Dec. SoyMeal Dec. bean Oil
Resistance 3 448.5 696.5 1328.33 437.10 41.73
Resistance 2 446.3 696.5 1322.92 432.60 41.61
Resistance 1 443.3 696.5 1316.33 429.30 41.37
Pivot 441.0 696.5 1310.92 424.80 41.25
Support 1 438.0 696.5 1304.3 421.5 41.0
Support 2 435.8 696.5 1298.92 417.00 40.89
Support 3 432.8 696.5 1292.33 413.70 40.65
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 4:34pm Currency Impact Detail Actual Forecast Previous Graph
FriOct 25  4:00am EUR German Ifo Business Climate 108.2 107.7
EUR M3 Money Supply y/y 2.3% 2.3%
EUR Italian Retail Sales m/m 0.2% -0.3%
EUR Private Loans y/y -1.9% -2.0%
Day 2 EUR EU Economic Summit
8:30am USD Core Durable Goods Orders m/m 0.6% -0.1%
USD Durable Goods Orders m/m 1.7% 0.1%
9:55am USD Revised UoM Consumer Sentiment 75.8 75.2
USD Revised UoM Inflation Expectations 2.9%
10:00am USD Wholesale Inventories m/m 0.3% 0.1%

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.