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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 23, 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 1851.75 3654.17 16482 1194.10 81.66
Resistance 2 1847.50 3641.08 16432 1187.10 81.50
Resistance 1 1843.25 3631.17 16374 1183.20 81.40
Pivot 1839.00 3618.08 16324 1176.20 81.24
Support 1 1834.75 3608.17 16266 1172.30 81.14
Support 2 1830.50 3595.08 16216 1165.30 80.98
Support 3 1826.25 3585.17 16158 1161.40 80.88
Contract Feb. Gold Mar. Silver Feb. Crude Oil Mar. Bonds  Mar. Euro
Resistance 3 1248.9 2006.7 99.22 131 26/32 1.3624
Resistance 2 1246.2 2000.3 98.05 131 20/32 1.3603
Resistance 1 1241.2 1988.7 97.45 131 12/32 1.3574
Pivot 1238.5 1982.3 96.28 131  6/32 1.3553
Support 1 1233.5 1970.7 95.68 130 30/32 1.3524
Support 2 1230.8 1964.3 94.51 130 24/32 1.3503
Support 3 1225.8 1952.7 93.91 130 16/32 1.3474
Contract March Corn March Wheat March Beans March SoyMeal March bean Oil
Resistance 3 429.0 561.6 1290.33 427.53 38.21
Resistance 2 428.3 561.4 1285.17 423.67 38.12
Resistance 1 427.3 561.3 1282.33 421.53 37.98
Pivot 426.5 561.2 1277.17 417.67 37.89
Support 1 425.5 561.1 1274.3 415.5 37.8
Support 2 424.8 560.9 1269.17 411.67 37.66
Support 3 423.8 560.8 1266.33 409.53 37.52
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)

ate 4:09pm Currency Impact Detail Actual Forecast Previous Graph
ThuJan 23  3:00am EUR French Flash Manufacturing PMI 47.6 47.0
EUR French Flash Services PMI 48.2 47.8
EUR Spanish Unemployment Rate 26.0% 26.0%
3:30am EUR German Flash Manufacturing PMI 54.7 54.3
EUR German Flash Services PMI 54.1 53.5
4:00am EUR Current Account 19.2B 21.8B
EUR Flash Manufacturing PMI 53.2 52.7
EUR Flash Services PMI 51.5 51.0
Day 2 ALL WEF Annual Meetings
8:30am USD Unemployment Claims 331K 326K
9:00am USD Flash Manufacturing PMI 55.2 54.4
USD HPI m/m 0.4% 0.5%
10:00am USD Existing Home Sales 4.94M 4.90M
USD CB Leading Index m/m 0.2% 0.8%
10:30am USD Natural Gas Storage -112B -287B
11:00am USD Crude Oil Inventories 0.7M -7.7M

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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