Futures Trading Levels & Economic Reports - Feb 27, 2014

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.

Futures Trading Levels & Economic Reports 2.27.2014

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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 February 27, 2014

Hello Traders,

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

Ranking 30 Market Events

Where do I look and when do I pay attention?

 

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Every trader has done it.

You’ve done it, your friends have done it, even your broker has done it at one point early in their career. Here’s the scenario:

 

You’ve finally finished your futures education at Cannon Trading Company. You’ve done you’re homework on

stops, limits, indicators and price movements for the market you’re trading

. You’re ready to go, you enter your limit order and you wait.Separator

**DING**

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You get filled. Your heart rate picks up, a wry smile crosses your face and you begin to imagine the possibilities of the one trade you’re in: How much can I make? How much can I lose before it’s too much? You’ve waited through months of technical trading and deep meditation to get here, and now it’s finally paying off with one of your first trades in the live market. Sayonara paper trading; aloha live futures…Read the full article.

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

Grain numbers will resume tomorrow

Contract March 2014  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell Dollar Index
Resistance 3 1865.58 3736.75 16343 1204.47 81.06
Resistance 2 1859.42 3719.50 16294 1196.03 80.81
Resistance 1 1850.33 3697.00 16234 1187.37 80.63
Pivot 1844.17 3679.75 16185 1178.93 80.38
Support 1 1835.08 3657.25 16125 1170.27 80.20
Support 2 1828.92 3640.00 16076 1161.83 79.95
Support 3 1819.83 3617.50 16016 1153.17 79.77
Contract Apr. Gold Mar. Silver April Crude Oil Mar. Bonds  Mar. Euro
Resistance 3 1366.6 2278.2 104.40 #VALUE! 1.3837
Resistance 2 1356.1 2240.8 103.65 #VALUE! 1.3797
Resistance 1 1343.3 2183.2 103.08 #VALUE! 1.3741
Pivot 1332.8 2145.8 102.33 #VALUE! 1.3701
Support 1 1320.0 2088.2 101.76 #VALUE! 1.3645
Support 2 1309.5 2050.8 101.01 #VALUE! 1.3605
Support 3 1296.7 1993.2 100.44 #VALUE! 1.3549
Contract May Corn May Wheat May Beans May SoyMeal May bean Oil
Resistance 3 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Resistance 2 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Resistance 1 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Pivot #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Support 1 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Support 2 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Support 3 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE
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 4:56pm Currency Impact Detail Actual Forecast Previous Graph
ThuFeb 27 2:00am EUR German Import Prices m/m -0.1% 0.0%
All Day EUR German Prelim CPI m/m 0.6% -0.6%
3:55am EUR German Unemployment Change -10K -28K
4:00am EUR M3 Money Supply y/y 1.1% 1.0%
EUR Private Loans y/y -2.2% -2.3%
Tentative EUR Italian 10-y Bond Auction 3.81|1.3
8:30am USD Core Durable Goods Orders m/m -0.1% -1.3%
USD Unemployment Claims 333K 336K
USD Durable Goods Orders m/m -0.7% -4.2%
10:00am USD Fed Chair Yellen Testifies
10:30am USD Natural Gas Storage -110B -250B

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.

 

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