Futures Trading Levels and Economic Reports for September 27, 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 Friday September 27, 2013
Hello Traders,
For 2013 I would like to wish all of you discipline and patience in your trading!
A good article if you are a beginner trader, written by Cannon Trading Broker:
Why Didn’t I Get Filled?
“A treatise to Demo Traders”, on behalf of brokers everywhere.
Date: March 03, 2013
By: Cannon Trading
Demo Trading. Also known as simulated trading, paper trading, playing with Monopoly money; whatever you’d like to call it, a demo can be your best friend or your worst enemy. Every Futures broker dreads having this conversation with their clients, as it is necessary with every new trader; however, much to a broker’s chagrin, every new trader will say that they already understand when in fact they rarely do. Let me assure you, if you’re a new or even intermediate trader, you probably don’t. You may understand one popular issue of the conversation but odds are if you have been paper trading for five years waiting to be “successful” or to “understand the futures markets” in the simulated world before moving on, you have less of a chance of being successful in the live futures markets because you’re setting yourself up for failure (if you ever do, in fact, trade in the live markets). You should seriously consider speaking with a licensed commodities and futures broker before diving in…Read the full article.
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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.
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| Contract Dec. 2013 | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell | Dollar Index |
| Resistance 3 | 1708.17 | 3271.58 | 15414 | 1089.73 | 81.16 |
| Resistance 2 | 1702.83 | 3253.42 | 15367 | 1084.87 | 80.96 |
| Resistance 1 | 1696.42 | 3238.58 | 15303 | 1078.43 | 80.81 |
| Pivot | 1691.08 | 3220.42 | 15256 | 1073.57 | 80.61 |
| Support 1 | 1684.67 | 3205.58 | 15192 | 1067.13 | 80.45 |
| Support 2 | 1679.33 | 3187.42 | 15145 | 1062.27 | 80.25 |
| Support 3 | 1672.92 | 3172.58 | 15081 | 1055.83 | 80.10 |
| Contract | Dec. Gold | Dec. Silver | Nov. Crude Oil | Dec. Bonds | Dec. Euro |
| Resistance 3 | 1356.9 | 2248.3 | 104.50 | 134 | 1.3574 |
| Resistance 2 | 1348.4 | 2230.7 | 103.90 | 133 23/32 | 1.3551 |
| Resistance 1 | 1336.1 | 2201.8 | 103.41 | 133 13/32 | 1.3519 |
| Pivot | 1327.6 | 2184.2 | 102.81 | 133 4/32 | 1.3496 |
| Support 1 | 1315.3 | 2155.3 | 102.32 | 132 26/32 | 1.3464 |
| Support 2 | 1306.8 | 2137.7 | 101.72 | 132 17/32 | 1.3441 |
| Support 3 | 1294.5 | 2108.8 | 101.23 | 132 7/32 | 1.3409 |
| Contract | Dec Corn | Dec. Wheat | Nov.Beans | Dec. SoyMeal | Dec. bean Oil |
| Resistance 3 | 465.4 | 681.0 | 1329.17 | 420.90 | 42.55 |
| Resistance 2 | 461.6 | 679.8 | 1325.58 | 419.10 | 42.35 |
| Resistance 1 | 459.2 | 679.0 | 1321.17 | 417.00 | 42.20 |
| Pivot | 455.3 | 677.8 | 1317.58 | 415.20 | 42.00 |
| Support 1 | 452.9 | 677.0 | 1313.2 | 413.1 | 41.9 |
| Support 2 | 449.1 | 675.8 | 1309.58 | 411.30 | 41.65 |
| Support 3 | 446.7 | 675.0 | 1305.17 | 409.20 | 41.50 |
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 4:02pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| FriSep 27 | All Day | EUR | German Prelim CPI m/m | 0.0% | 0.0% | ||||
| 2:45am | EUR | French Consumer Spending m/m | 0.1% | ||||||
| EUR | French Consumer Spending m/m | 0.3% | -0.8% | ||||||
| 4:10am | EUR | Retail PMI | 50.3 | ||||||
| 5:00am | EUR | ECB President Draghi Speaks | |||||||
| Tentative | EUR | Italian 10-y Bond Auction | 4.46|1.5 | ||||||
| 5:45am | USD | FOMC Member Evans Speaks | |||||||
| 8:30am | USD | Core PCE Price Index m/m | 0.1% | 0.1% | |||||
| USD | FOMC Member Rosengren Speaks | ||||||||
| USD | Personal Spending m/m | 0.3% | 0.1% | ||||||
| USD | Personal Income m/m | 0.5% | 0.1% | ||||||
| 9:55am | USD | Revised UoM Consumer Sentiment | 78.2 | 76.8 | |||||
| USD | Revised UoM Inflation Expectations | 3.2% | |||||||
| 10:45am | USD | FOMC Member Evans Speaks | |||||||
| 2:00pm | USD | FOMC Member Dudley 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
