Minis S&P Chart, Futures Trading Levels & Economic Reports 1.28.2014
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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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 Tuesday January 28, 2014
Hello Traders,
For 2014 I would like to wish all of you discipline and patience in your trading!
PS: I think if we do break 1813, we can see more powerful leg down. Just my opinion…..
I happened to be right this time and below you will see updated outlook. Looks like next levels of support come at 1754 and 1730.
On the way up 1792 is sticking up as a very important level.
Lets not forget we have FOMC coming out Wednesday which is a market mover and in between we are in the midst of earnings season….
Updated chart for your review below:
EP – E-Mini SAP 500, Equalized Active Daily Continuation
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GOOD TRADING
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| Contract March 2014 | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell | Dollar Index |
| Resistance 3 | 1816.67 | 3614.17 | 16050 | 1175.57 | 80.95 |
| Resistance 2 | 1804.33 | 3579.58 | 15968 | 1161.93 | 80.80 |
| Resistance 1 | 1791.67 | 3544.67 | 15885 | 1144.77 | 80.69 |
| Pivot | 1779.33 | 3510.08 | 15803 | 1131.13 | 80.54 |
| Support 1 | 1766.67 | 3475.17 | 15720 | 1113.97 | 80.43 |
| Support 2 | 1754.33 | 3440.58 | 15638 | 1100.33 | 80.28 |
| Support 3 | 1741.67 | 3405.67 | 15555 | 1083.17 | 80.17 |
| Contract | Feb. Gold | Mar. Silver | Feb. Crude Oil | Mar. Bonds | Mar. Euro |
| Resistance 3 | 1300.7 | 2049.3 | 98.89 | 133 28/32 | 1.3775 |
| Resistance 2 | 1290.3 | 2029.2 | 98.03 | 133 18/32 | 1.3746 |
| Resistance 1 | 1272.8 | 1995.3 | 96.92 | 132 31/32 | 1.3710 |
| Pivot | 1262.4 | 1975.2 | 96.06 | 132 21/32 | 1.3681 |
| Support 1 | 1244.9 | 1941.3 | 94.95 | 132 2/32 | 1.3645 |
| Support 2 | 1234.5 | 1921.2 | 94.09 | 131 24/32 | 1.3616 |
| Support 3 | 1217.0 | 1887.3 | 92.98 | 131 5/32 | 1.3580 |
| Contract | March Corn | March Wheat | March Beans | March SoyMeal | March bean Oil |
| Resistance 3 | 438.3 | 576.8 | 1302.83 | 441.60 | 37.64 |
| Resistance 2 | 435.4 | 574.2 | 1296.92 | 437.10 | 37.50 |
| Resistance 1 | 433.6 | 568.8 | 1292.33 | 434.00 | 37.28 |
| Pivot | 430.7 | 566.2 | 1286.42 | 429.50 | 37.14 |
| Support 1 | 428.8 | 560.8 | 1281.8 | 426.4 | 36.9 |
| Support 2 | 425.9 | 558.2 | 1275.92 | 421.90 | 36.78 |
| Support 3 | 424.1 | 552.8 | 1271.33 | 418.80 | 36.56 |
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 4:11pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| TueJan 28 | 2:00am | EUR | German Import Prices m/m | 0.3% | 0.1% | ||||
| All Day | EUR | ECOFIN Meetings | |||||||
| 8:30am | USD | Core Durable Goods Orders m/m | 0.7% | 1.2% | |||||
| USD | Durable Goods Orders m/m | 1.9% | 3.4% | ||||||
| 9:00am | USD | S&P/CS Composite-20 HPI y/y | 13.7% | 13.6% | |||||
| 10:00am | USD | CB Consumer Confidence | 78.3 | 78.1 | |||||
| USD | Richmond Manufacturing Index | 13 | 13 | ||||||
| 9:00pm | USD | President Obama 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.
