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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.

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

Nice bounce on stock index futures after the lows we made Thursday night.

So far the market has respect to the symmetry I am sharing below and the current bounce should test 1951 if continues OR test 1913 if selling pressure resumes. These are the levels I will be watching as in between we have enough room for intraday fluctuations. Volume today was light and action took place mostly in the first few hours. August is know to be the “month of vacations” over at Europe.
Mini SP 500 daily chart for your review below:



In between the Geo political focus will be on the situation in Iraq and the concerning issue of the Islamic group known as ISIS.


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. Past performance is not indicative to future results.

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Futures Trading Levels

Contract Sept. 2014 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 1958.83 3969.08 16681 1170.40 81.64
Resistance 2 1949.92 3943.42 16631 1159.00 81.60
Resistance 1 1941.08 3925.08 16574 1149.00 81.56
Pivot 1932.17 3899.42 16524 1137.60 81.51
Support 1 1923.33 3881.08 16467 1127.60 81.47
Support 2 1914.42 3855.42 16417 1116.20 81.43
Support 3 1905.58 3837.08 16360 1106.20 81.39
Contract December Gold Sept.Silver Sept. Crude Oil September Bonds Sept. Euro
Resistance 3 1319.8 20.4 99.79 140 3/32 1.3432
Resistance 2 1316.4 20.3 99.18 139 27/32 1.3421
Resistance 1 1313.3 20.2 98.58 139 19/32 1.3404
Pivot 1309.9 20.0 97.97 139 11/32 1.3393
Support 1 1306.8 19.9 97.37 139 3/32 1.3376
Support 2 1303.4 19.7 96.76 138 27/32 1.3365
Support 3 1300.3 19.6 96.16 138 19/32 1.3348
Contract Dec Corn Sept. Wheat Nov. Beans Dec. SoyMeal Dec. bean Oil
Resistance 3 373.3 546.5 1096.17 359.90 35.78
Resistance 2 370.9 546.5 1091.08 357.20 35.66
Resistance 1 369.6 546.5 1082.17 353.10 35.44
Pivot 367.2 546.5 1077.08 350.40 35.32
Support 1 365.8 546.5 1068.2 346.3 35.1
Support 2 363.4 546.5 1063.08 343.60 34.98
Support 3 362.1 546.5 1054.17 339.50 34.76
Economic Reports

source: http://www.forexfactory.com/calendar.php

All times are Eastern time Zone (EST)


Date 4:05pm Currency Impact Detail Actual Forecast Previous Graph
FriAug 8  2:00am EUR German Trade Balance 19.8B 18.8B
2:45am EUR French Industrial Production m/m 1.1% -1.7%
EUR French Gov Budget Balance -64.3B
8:30am USD Prelim Nonfarm Productivity q/q 1.4% -3.2%
USD Prelim Unit Labor Costs q/q 1.3% 5.7%
10:00am USD Wholesale Inventories m/m 0.6% 0.5%


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.


Tags: > > Posted in: Future Trading News   | Indices  

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