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 Thursday September 12, 2013
For 2013 I would like to wish all of you discipline and patience in your trading!
Each one of these topics deserves quite a bit of ink but until I expand on each and other factors I believe are contributors, I recommend reading the following:
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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.
|Contract Sept. 2013||SP500 (big & Mini)||Nasdaq100 (big & Mini)||Dow Jones (big & Mini)||Mini Russell||Dollar Index|
|Contract||Dec. Gold||Dec. Silver||Oct. Crude Oil||Dec. Bonds||Sept. Euro|
|Resistance 3||1382.4||2380.7||109.92||130 25/32||1.3424|
|Resistance 2||1375.5||2352.8||109.01||130 6/32||1.3375|
|Resistance 1||1369.7||2334.2||108.36||129 26/32||1.3344|
|Support 1||1357.0||2287.7||106.80||128 27/32||1.3264|
|Support 2||1350.1||2259.8||105.89||128 8/32||1.3215|
|Support 3||1344.3||2241.2||105.24||127 28/32||1.3184|
|Contract||Dec Corn||Dec. Wheat||Nov.Beans||Dec. SoyMeal||Dec. bean Oil|
|ThuSep 12||2:00am||EUR||German WPI m/m||0.2%||-0.3%|
|2:45am||EUR||French CPI m/m||0.5%||-0.3%|
|4:00am||EUR||ECB Monthly Bulletin|
|EUR||Italian Industrial Production m/m||0.3%||0.3%|
|5:00am||EUR||Industrial Production m/m||-0.1%||0.7%|
|7:40am||EUR||ECB President Draghi Speaks|
|USD||Import Prices m/m||0.6%||0.2%|
|9:00am||USD||FOMC Member Dudley Speaks|
|10:30am||USD||Natural Gas Storage||65B||58B|
|1:00pm||USD||30-y Bond Auction||3.65|2.1|
|2:00pm||USD||Federal Budget Balance||-155.3B||-97.6B|
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