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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 Thursday January 16, 2014

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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 1861.92 3654.92 16625 1183.50 81.84
Resistance 2 1853.83 3632.58 16535 1176.50 81.55
Resistance 1 1847.67 3615.42 16471 1172.50 81.33
Pivot 1839.58 3593.08 16381 1165.50 81.04
Support 1 1833.42 3575.92 16317 1161.50 80.83
Support 2 1825.33 3553.58 16227 1154.50 80.54
Support 3 1819.17 3536.42 16163 1150.50 80.32
Contract Feb. Gold Mar. Silver Feb. Crude Oil Mar. Bonds  Mar. Euro
Resistance 3 1257.2 2068.3 97.41 131 14/32 1.3756
Resistance 2 1250.9 2047.7 96.03 131  3/32 1.3715
Resistance 1 1246.1 2031.8 95.20 130 24/32 1.3660
Pivot 1239.8 2011.2 93.82 130 13/32 1.3619
Support 1 1235.0 1995.3 92.99 130  2/32 1.3564
Support 2 1228.7 1974.7 91.61 129 23/32 1.3523
Support 3 1223.9 1958.8 90.78 129 12/32 1.3468
Contract March Corn March Wheat March Beans March SoyMeal March bean Oil
Resistance 3 431.5 570.2 1340.00 446.70 38.34
Resistance 2 430.3 569.6 1330.00 441.70 38.20
Resistance 1 428.0 568.7 1324.00 438.10 38.09
Pivot 426.8 568.1 1314.00 433.10 37.95
Support 1 424.5 567.2 1308.0 429.5 37.8
Support 2 423.3 566.6 1298.00 424.50 37.70
Support 3 421.0 565.7 1292.00 420.90 37.59
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 4:22pm Currency Impact Detail Actual Forecast Previous Graph
ThuJan 16  2:00am EUR German Final CPI m/m 0.4% 0.4%
4:00am EUR ECB Monthly Bulletin
EUR Italian Trade Balance 3.88B 4.07B
5:00am EUR CPI y/y 0.8% 0.8%
EUR Core CPI y/y 0.9% 0.9%
EUR German Buba President Weidmann Speaks
8:30am USD Core CPI m/m 0.1% 0.2%
USD Unemployment Claims 327K 330K
USD CPI m/m 0.3% 0.0%
USD Treasury Sec Lew Speaks
9:00am USD TIC Long-Term Purchases 42.3B 35.4B
10:00am USD Philly Fed Manufacturing Index 8.8 7.0
USD NAHB Housing Market Index 58 58
10:30am USD Natural Gas Storage -296B -157B
11:10am USD Fed Chairman Bernanke 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 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

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