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Support & Resistance Levels

This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.

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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 February 28, 2014

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

Here are the current front months, active months for the more popular futures contracts. I will send a separate, special notice before stock index futures roll over in two weeks:

 

  • Stock index ( mini SP, mini Russell etc.) MARCH
  • Financials ( bonds, 10 years etc.) JUNE
  • Crude oil, Natural gas other energies: APRIL
  • Gold: APRIL
  • Silver, copper: MAY
  • Beans, wheat, corn and other grains: MAY
  • Currencies ( euro, yen, Swiss etc.) MARCH
  • Coffee, Cocoa, Sugar, Cotton: MAY
  • Meats ( cattle, hogs) APRIL

If you like the information we share? We would appreciate your positive reviews on our new yelp!!

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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Futures Trading Levels

Contract March 2014 SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell Dollar Index
Resistance 3 1882.58 3760.50 16506 1208.80 80.86
Resistance 2 1868.42 3732.50 16391 1198.10 80.73
Resistance 1 1861.08 3717.25 16332 1192.60 80.52
Pivot 1846.92 3689.25 16217 1181.90 80.39
Support 1 1839.58 3674.00 16158 1176.40 80.17
Support 2 1825.42 3646.00 16043 1165.70 80.04
Support 3 1818.08 3630.75 15984 1160.20 79.83
Contract Apr. Gold May Silver April Crude Oil June Bonds Mar. Euro
Resistance 3 1349.6 2202.5 104.30 133 20/32 1.3829
Resistance 2 1343.0 2177.0 103.69 133 14/32 1.3778
Resistance 1 1337.2 2153.5 102.97 133 8/32 1.3745
Pivot 1330.6 2128.0 102.36 133 2/32 1.3694
Support 1 1324.8 2104.5 101.64 132 28/32 1.3661
Support 2 1318.2 2079.0 101.03 132 22/32 1.3610
Support 3 1312.4 2055.5 100.31 132 16/32 1.3577
Contract May Corn May Wheat May Beans May SoyMeal May bean Oil
Resistance 3 470.1 614.4 1452.33 489.63 42.48
Resistance 2 466.7 609.1 1438.67 481.27 42.19
Resistance 1 460.6 599.2 1414.33 466.43 41.67
Pivot 457.2 593.8 1400.67 458.07 41.38
Support 1 451.1 583.9 1376.3 443.2 40.9
Support 2 447.7 578.6 1362.67 434.87 40.57
Support 3 441.6 568.7 1338.33 420.03 40.05

 

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 3:41pm Currency Impact Detail Actual Forecast Previous Graph
FriFeb 28  2:00am EUR German Retail Sales m/m 1.2% -1.7%
2:45am EUR French Consumer Spending m/m -0.8% -0.1%
4:00am EUR Italian Monthly Unemployment Rate 12.7% 12.7%
EUR Italian Quarterly Unemployment Rate 12.4% 12.3%
5:00am EUR CPI Flash Estimate y/y 0.7% 0.7%
EUR Unemployment Rate 12.0% 12.0%
EUR Italian Prelim CPI m/m 0.5% 0.2%
USD FOMC Member Fisher Speaks
8:30am USD Prelim GDP q/q 2.6% 3.2%
USD Prelim GDP Price Index q/q 1.3% 1.3%
9:45am USD Chicago PMI 57.9 59.6
9:55am USD Revised UoM Consumer Sentiment 81.4 81.2
USD Revised UoM Inflation Expectations 3.3%
10:00am USD Pending Home Sales m/m 2.9% -8.7%
10:15am USD FOMC Member Kocherlakota Speaks
USD FOMC Member Stein 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 here in 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.

 

Tags: > > > > Posted in: Commodity Trading   | Future Trading News   | Futures Trading  

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