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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.

Cannon Trading / E-Futures.com

Daily chart of mini SP 500 below.

If we break todays low of 1310.75, I will favor a move down to 1290. On the other hand if we can hold this level, we may see a bounce to 1326. Chart for your review below:GOOD TRADING!

Daily mini S&P trading chart screenshot from today May 23th 2011

Stock futures trading chart levels for Tuesday May 24th 2011

TRADING LEVELS!

Commodity Futures trading levels for May 24th, 2011

Economic Reports Tuesday May 24th, 2011

FOMC Member Duke Speaks
8:25am USD

FOMC Member Plosser Speaks
9:50am USD

New Home Sales
10:00am USD

Richmond Manufacturing Index
10:00am USD

Economics Report Source: http://www.forexfactory.com/calendar.php

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!

Tags: > > Posted in: Futures Trading  

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