Rollover Notice for Stock Index Futures - Cannon Trading

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.

ROLLOVER + Futures Trading Levels & Economic Reports 12.12.2013

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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 December 12, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

Rollover Notice for Stock Index Futures

Important Notice: For those of you trading any stock index futures contracts, i.e., the E-mini S&P, E-mini NASDAQ, E-mini Dow Jones, the “Big” pit-traded S&P 500, etc., it is extremely important to remember that tomorrow, Thursday, December 12th, is rollover day.

Starting December13th, the March 2014 futures contracts will be the front month contracts. It is recommended that all new positions be placed in the March 2014 contract as of December 13th. Volume in the December 13 contracts will begin to drop off until its expiration on Friday December 20th.

The month code for March is H4.

Traders with electronic trading software should make sure that defaults reflect the proper contract as of Thursday morning.

Please close any open December Currency positions by the close on Friday the 13th.Should you have any further question please contact your broker.

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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 Dec. 2013 SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell Dollar Index
Resistance 3 1828.67 3565.75 16165 1143.00 80.35
Resistance 2 1818.33 3544.00 16093 1133.30 80.20
Resistance 1 1799.92 3508.00 15965 1117.70 80.05
Pivot 1789.58 3486.25 15893 1108.00 79.90
Support 1 1771.17 3450.25 15765 1092.40 79.75
Support 2 1760.83 3428.50 15693 1082.70 79.60
Support 3 1742.42 3392.50 15565 1067.10 79.45
Contract Feb. Gold Mar. Silver Jan. Crude Oil Mar. Bonds Dec. Euro
Resistance 3 1272.6 2073.3 99.92 130 23/32 1.3888
Resistance 2 1267.9 2060.7 99.33 130 14/32 1.3850
Resistance 1 1260.7 2046.3 98.37 130 1.3818
Pivot 1256.0 2033.7 97.78 129 23/32 1.3780
Support 1 1248.8 2019.3 96.82 129 9/32 1.3748
Support 2 1244.1 2006.7 96.23 129 1.3710
Support 3 1236.9 1992.3 95.27 128 18/32 1.3678
Contract Dec Corn March Wheat Jan .Beans Jan. SoyMeal Jan. bean Oil
Resistance 3 445.1 646.2 1359.17 445.40 40.65
Resistance 2 442.4 643.6 1352.33 443.10 40.54
Resistance 1 440.8 642.2 1348.17 441.00 40.47
Pivot 438.2 639.6 1341.33 438.70 40.36
Support 1 436.6 638.2 1337.2 436.6 40.3
Support 2 433.9 635.6 1330.33 434.30 40.18
Support 3 432.3 634.2 1326.17 432.20 40.11
For complete contract specifications for the futures markets listed above click here!

5. Economic Reports


All times are Eastern time Zone (EST)


Date 4:47pm Currency Impact Detail Actual Forecast Previous Graph
ThuDec 12  2:45am EUR French CPI m/m 0.1% -0.1%
3:00am EUR ECB President Draghi Speaks
4:00am EUR ECB Monthly Bulletin
5:00am EUR Industrial Production m/m 0.4% -0.5%
8:30am USD Core Retail Sales m/m 0.2% 0.2%
USD Retail Sales m/m 0.6% 0.4%
USD Unemployment Claims 321K 298K
USD Import Prices m/m -0.7% -0.7%
10:00am USD Business Inventories m/m 0.4% 0.6%
10:30am USD Natural Gas Storage -85B -162B
1:01pm USD 30-y Bond Auction 3.81|2.2

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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