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 Tuesday February 25, 2014
For 2014 I would like to wish all of you discipline and patience in your trading!
CME data fees: If you are thinking about opening a futures trading account, I recommend doing so before Feb. 28th so you don’t fall into the category of NEW CME market data subscriber. If you have an account open before Feb. 28th you will be able to avoid a minimum charge of $15 per month which the CME will impose on all NEW futures trading accounts starting March 1st 2014
CME Market Data Fee Changes
Effective March 1, 2014
The CME Group has announced significant changes to its existing Market Data Policy and Fees. These changes will be phased in through 2016; with the first phase to be effective on March 1, 2014, as outlined below. The information below focuses on the immediate changes and further information will be distributed on the other changes in the coming months. A copy of the CME’s FAQ document on these changes is attached.
After March 1, 2014, NEW CME-market-data subscribers will begin paying monthly fees for CME data, according to the following fee schedule:
$5 per Exchange or $15 monthly bundle for all four (CME, CBOT, NYMEX and COMEX)
$85 per Exchange or $340 monthly for all four Exchanges (NO bundled pricing offered)
On a different note…..Stocks are making all time highs….daily chart of the mini NASDAQ 100 ( “the leader” of this rally) for your review below with possible extensions to the upside as well as possible support levels below:
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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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|Contract March 2014||SP500 (big & Mini)||Nasdaq100 (big & Mini)||Dow Jones (big & Mini)||Mini Russell||Dollar Index|
|Contract||Apr. Gold||Mar. Silver||April Crude Oil||Mar. Bonds||Mar. Euro|
|Resistance 3||1365.1||2294.3||104.90||133 29/32||1.3834|
|Resistance 2||1352.2||2256.2||104.17||133 20/32||1.3803|
|Resistance 1||1344.6||2228.3||103.42||133 8/32||1.3769|
|Support 1||1324.1||2162.3||101.94||132 19/32||1.3704|
|Support 2||1311.2||2124.2||101.21||132 10/32||1.3673|
|Support 3||1303.6||2096.3||100.46||131 30/32||1.3639|
|Contract||May Corn||May Wheat||May Beans||May SoyMeal||May bean Oil|
|TueFeb 25||2:00am||EUR||German Final GDP q/q||0.4%||0.4%|
|4:00am||EUR||Italian Retail Sales m/m||0.4%||0.0%|
|7:45am||EUR||EU Economic Forecasts|
|9:00am||USD||S&P/CS Composite-20 HPI y/y||13.3%||13.7%|
|10:00am||USD||CB Consumer Confidence||80.2||80.7|
|USD||Richmond Manufacturing Index||13||12|
|10:10am||USD||FOMC Member Tarullo 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 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.