Futures Trading Levels and Economic Reports for September 17, 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 Tuesday September 17, 2013
Hello Traders,
For 2013 I would like to wish all of you discipline and patience in your trading!
Big moves took place last night when the markets reopened in reaction to news about Syria, but by the time the markets closed today, most of the markets went back to levels from Friday session, so we are still waiting to see the actual direction for many different markets. I am sure we will see some whipsaw both ways over the next few days.
In the field of day-trading, my tip for today is:
Try to limit the amount of time you are trying to day-trade as well as try to choose the RIGHT period of time during the day to day-trade.
I think the more hours one spends in front of the charts trading, the higher chances one has to be prone for mistakes, frustration and more.
The other part is to choose the right period of time in the day for the markets you trade. Different markets have different period of times during the day when they are more active, perhaps more volatile etc.
This also has to coincide with your schedule and other constraints.
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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.
| Contract Dec. 2013 | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell | Dollar Index |
| Resistance 3 | 1716.58 | 3255.75 | 15646 | 1077.73 | 81.89 |
| Resistance 2 | 1710.17 | 3234.50 | 15578 | 1071.97 | 81.67 |
| Resistance 1 | 1700.83 | 3198.75 | 15505 | 1061.83 | 81.56 |
| Pivot | 1694.42 | 3177.50 | 15437 | 1056.07 | 81.35 |
| Support 1 | 1685.08 | 3141.75 | 15364 | 1045.93 | 81.24 |
| Support 2 | 1678.67 | 3120.50 | 15296 | 1040.17 | 81.02 |
| Support 3 | 1669.33 | 3084.75 | 15223 | 1030.03 | 80.91 |
| Contract | Dec. Gold | Dec. Silver | Oct. Crude Oil | Dec. Bonds | Dec. Euro |
| Resistance 3 | 1357.1 | 2310.3 | 109.41 | 132 15/32 | 1.3433 |
| Resistance 2 | 1346.5 | 2279.7 | 108.71 | 131 29/32 | 1.3412 |
| Resistance 1 | 1328.3 | 2229.8 | 107.47 | 130 27/32 | 1.3376 |
| Pivot | 1317.7 | 2199.2 | 106.77 | 130 9/32 | 1.3355 |
| Support 1 | 1299.5 | 2149.3 | 105.53 | 129 7/32 | 1.3319 |
| Support 2 | 1288.9 | 2118.7 | 104.83 | 128 21/32 | 1.3298 |
| Support 3 | 1270.7 | 2068.8 | 103.59 | 127 19/32 | 1.3262 |
| Contract | Dec Corn | Dec. Wheat | Nov.Beans | Dec. SoyMeal | Dec. bean Oil |
| Resistance 3 | 467.5 | 649.5 | 1383.83 | 455.17 | 43.02 |
| Resistance 2 | 464.5 | 647.8 | 1375.42 | 448.63 | 42.84 |
| Resistance 1 | 460.5 | 644.5 | 1361.83 | 438.57 | 42.60 |
| Pivot | 457.5 | 642.8 | 1353.42 | 432.03 | 42.42 |
| Support 1 | 453.5 | 639.5 | 1339.8 | 422.0 | 42.2 |
| Support 2 | 450.5 | 637.8 | 1331.42 | 415.43 | 42.00 |
| Support 3 | 446.5 | 634.5 | 1317.83 | 405.37 | 41.76 |
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 4:29pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| TueSep 17 | 4:00am | EUR | Current Account | 18.3B | 16.9B | ||||
| 5:00am | EUR | German ZEW Economic Sentiment | 45.3 | 42.0 | |||||
| EUR | ZEW Economic Sentiment | 47.2 | 44.0 | ||||||
| EUR | Trade Balance | 15.3B | 14.9B | ||||||
| 8:15am | USD | Treasury Sec Lew Speaks | |||||||
| 8:30am | USD | Core CPI m/m | 0.1% | 0.2% | |||||
| USD | CPI m/m | 0.2% | 0.2% | ||||||
| 9:00am | USD | TIC Long-Term Purchases | -45.3B | -66.9B | |||||
| 10:00am | USD | NAHB Housing Market Index | 59 | 59 |
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
