ROLLOVER + Futures Trading Levels & Economic Reports 12.12.2013
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 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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GOOD TRADING
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 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 |
source:http://www.forexfactory.com/calendar.php
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.
