Futures Trading Levels and Economic Reports 4.16.2014
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 Wednesday April 16, 2014
Hello Traders,
For 2014 I would like to wish all of you discipline and patience in your trading!
There will be no market commentary today. Will be back in tomorrow. Thank you!
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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 June 2014 | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell | Dollar Index |
| Resistance 3 | 1878.33 | 3614.50 | 16487 | 1159.13 | 80.22 |
| Resistance 2 | 1858.67 | 3556.50 | 16344 | 1140.27 | 80.10 |
| Resistance 1 | 1848.58 | 3520.75 | 16273 | 1128.53 | 79.99 |
| Pivot | 1828.92 | 3462.75 | 16130 | 1109.67 | 79.88 |
| Support 1 | 1818.83 | 3427.00 | 16059 | 1097.93 | 79.77 |
| Support 2 | 1799.17 | 3369.00 | 15916 | 1079.07 | 79.65 |
| Support 3 | 1789.08 | 3333.25 | 15845 | 1067.33 | 79.54 |
| Contract | June Gold | May Silver | May Crude Oil | June Bonds | June Euro |
| Resistance 3 | 1370.1 | 2077.5 | 105.23 | 136 13/32 | 1.3875 |
| Resistance 2 | 1349.2 | 2038.5 | 104.64 | 135 27/32 | 1.3853 |
| Resistance 1 | 1326.1 | 2000.0 | 104.09 | 135 12/32 | 1.3831 |
| Pivot | 1305.2 | 1961.0 | 103.50 | 134 26/32 | 1.3809 |
| Support 1 | 1282.1 | 1922.5 | 102.95 | 134 11/32 | 1.3787 |
| Support 2 | 1261.2 | 1883.5 | 102.36 | 133 25/32 | 1.3765 |
| Support 3 | 1238.1 | 1845.0 | 101.81 | 133 10/32 | 1.3743 |
| Contract | May Corn | May Wheat | May Beans | May SoyMeal | May bean Oil |
| Resistance 3 | 515.6 | 727.8 | 1538.17 | 504.50 | 44.02 |
| Resistance 2 | 510.9 | 714.9 | 1523.08 | 497.60 | 43.51 |
| Resistance 1 | 507.3 | 708.3 | 1512.17 | 492.50 | 43.17 |
| Pivot | 502.7 | 695.4 | 1497.08 | 485.60 | 42.66 |
| Support 1 | 499.1 | 688.8 | 1486.2 | 480.5 | 42.3 |
| Support 2 | 494.4 | 675.9 | 1471.08 | 473.60 | 41.81 |
| Support 3 | 490.8 | 669.3 | 1460.17 | 468.50 | 41.47 |
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 3:26pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| WedApr 16 | 4:00am | EUR | Italian Trade Balance | 1.27B | 0.37B | ||||
| 5:00am | EUR | CPI y/y | 0.5% | 0.5% | |||||
| EUR | Core CPI y/y | 0.8% | 1.0% | ||||||
| Tentative | EUR | German 10-y Bond Auction | 1.58|1.6 | ||||||
| 8:00am | USD | FOMC Member Stein Speaks | |||||||
| 8:30am | USD | Building Permits | 1.00M | 1.01M | |||||
| USD | Housing Starts | 0.97M | 0.91M | ||||||
| 9:15am | USD | Capacity Utilization Rate | 78.8% | 78.4% | |||||
| USD | Industrial Production m/m | 0.5% | 0.6% | ||||||
| 10:30am | USD | Crude Oil Inventories | 4.0M | ||||||
| 12:15pm | USD | Fed Chair Yellen Speaks | |||||||
| 1:25pm | USD | FOMC Member Fisher Speaks | |||||||
| 2:00pm | USD | Beige Book |
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.
