Futures Trading Levels and Economic Reports for September 19, 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 Thursday September 19, 2013
Hello Traders,
For 2013 I would like to wish all of you discipline and patience in your trading!
The FOMC came out and the immediate reaction was very bullish for stocks, currencies (bearish the dollar index) and bonds.
Below is a daily chart of the mini SP 500 for your review with possible targets and support levels for this rally.
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.
| Contract Dec. 2013 | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell | Dollar Index |
| Resistance 3 | 1759.58 | 3287.08 | 15935 | 1105.90 | 82.11 |
| Resistance 2 | 1741.42 | 3258.42 | 15790 | 1092.10 | 81.74 |
| Resistance 1 | 1729.58 | 3240.58 | 15694 | 1081.90 | 81.05 |
| Pivot | 1711.42 | 3211.92 | 15549 | 1068.10 | 80.68 |
| Support 1 | 1699.58 | 3194.08 | 15453 | 1057.90 | 79.99 |
| Support 2 | 1681.42 | 3165.42 | 15308 | 1044.10 | 79.62 |
| Support 3 | 1669.58 | 3147.58 | 15212 | 1033.90 | 78.93 |
| Contract | Dec. Gold | Dec. Silver | Nov. Crude Oil | Dec. Bonds | Dec. Euro |
| Resistance 3 | 1467.7 | 2586.0 | 111.65 | 135 30/32 | 1.3745 |
| Resistance 2 | 1417.7 | 2455.5 | 109.68 | 134 6/32 | 1.3631 |
| Resistance 1 | 1391.4 | 2383.5 | 108.49 | 133 3/32 | 1.3571 |
| Pivot | 1341.4 | 2253.0 | 106.52 | 131 11/32 | 1.3457 |
| Support 1 | 1315.1 | 2181.0 | 105.33 | 130 8/32 | 1.3397 |
| Support 2 | 1265.1 | 2050.5 | 103.36 | 128 16/32 | 1.3283 |
| Support 3 | 1238.8 | 1978.5 | 102.17 | 127 13/32 | 1.3223 |
| Contract | Dec Corn | Dec. Wheat | Nov.Beans | Dec. SoyMeal | Dec. bean Oil |
| Resistance 3 | 462.8 | 649.5 | 1365.75 | 434.30 | 43.64 |
| Resistance 2 | 459.9 | 648.5 | 1357.25 | 431.40 | 43.21 |
| Resistance 1 | 458.1 | 647.5 | 1352.50 | 428.60 | 42.96 |
| Pivot | 455.2 | 646.5 | 1344.00 | 425.70 | 42.53 |
| Support 1 | 453.3 | 645.5 | 1339.3 | 422.9 | 42.3 |
| Support 2 | 450.4 | 644.5 | 1330.75 | 420.00 | 41.85 |
| Support 3 | 448.6 | 643.5 | 1326.00 | 417.20 | 41.60 |
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 4:00pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| ThuSep 19 | 8:30am | USD | Unemployment Claims | 331K | 292K | ||||
| USD | Current Account | -96B | -106B | ||||||
| 10:00am | USD | Existing Home Sales | 5.27M | 5.39M | |||||
| USD | Philly Fed Manufacturing Index | 10.2 | 9.3 | ||||||
| USD | CB Leading Index m/m | 0.6% | 0.6% | ||||||
| 10:30am | USD | Natural Gas Storage | 60B | 65B |
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
