Posted By: Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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 June 12, 2014
For 2014 I would like to wish all of you discipline and patience in your trading!
Important notice: For those of you trading any stock index futures contracts, i.e., the E-mini S&P, E-mini NASDAQ, E-mini Dow Jones, the “Big” pit-traded S&P 500, etc., it is extremely important to remember that tomorrow, Thursday, March13th, is rollover day.
Starting June12th, the September 2014 futures contracts will be the front month contracts. It is recommended that all new positions be placed in the September 2014 contract as of June 12th. Volume in the June 2014 contracts will begin to drop off until its expiration on Friday June 20th.
The month code for September is U4.
Traders with electronic trading software should make sure that defaults reflect the proper contract as of Thursday morning.
|Please close any open June Currency positions by the close on Friday the 13th.Should you have any further question please contact your broker.|
PERSONALLY I start trading the Sept. contract Friday but proper rollover is tomorrow.
We are extremely excited to be participating in the TradingPub’s Trade-A-Thon this Thursday! The event will feature 13 professional traders in every market under the sun.
Ilan Levy-Mayer of Cannon Trading is going to present from 11:30 AM-12:45 PM EST by educating traders based on his 16 years experience. Ilan will share his unique approach into day trading money management, talk about positive trading psychology and share what he thinks might be the best $4.99 you can spend on trading tools…..
The Event will also feature:
- Specific outline for creating a day trading risk module
- How to create positive trading psychology
- Tips from a broker who observed 1000’s of traders
- Why most traders lose?
- Free trial to cannon’s newest trading platform Shogun Trade Executer
SEATS ARE LIMITED, SO DON’T MISS THIS SPECIAL FREE WEBINAR!
Risk: 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.
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.
If you like Our Futures Trading Daily Support and Resistance Levels, Please share!
|Contract June 2014||SP500 (big & Mini)||Nasdaq100 (big & Mini)||Dow Jones (big & Mini)||Mini Russell||Dollar Index|
|Contract||August Gold||July Silver||July Crude Oil||September Bonds||June Euro|
|Resistance 3||1272.9||1949.3||105.42||135 30/32||1.3584|
|Resistance 2||1269.2||1941.2||105.12||135 20/32||1.3570|
|Resistance 1||1265.3||1930.8||104.78||135 11/32||1.3549|
|Support 1||1257.7||1912.3||104.14||134 24/32||1.3514|
|Support 2||1254.0||1904.2||103.84||134 14/32||1.3500|
|Support 3||1250.1||1893.8||103.50||134 5/32||1.3479|
|Contract||July Corn||July Wheat||July Beans||July SoyMeal||July bean Oil|
|ThuJun 12||2:00am||EUR||German WPI m/m||0.3%||0.2%|
|2:45am||EUR||French CPI m/m||0.1%||0.0%|
|4:00am||EUR||ECB Monthly Bulletin|
|5:00am||EUR||Industrial Production m/m||0.5%||-0.3%|
|8:30am||USD||Core Retail Sales m/m||0.4%||0.0%|
|USD||Retail Sales m/m||0.5%||0.1%|
|USD||Import Prices m/m||0.2%||-0.4%|
|10:00am||USD||Business Inventories m/m||0.4%||0.4%|
|10:30am||USD||Natural Gas Storage||119B|
|1:01pm||USD||30-y Bond Auction||3.44|2.1|
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.