STAR AWARDS – Vote today! Futures Levels & Economic Reports 12.06.2013

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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 Friday December 6, 2013

Hello Traders,

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

Two useful links to share with you today:

The 2014 commodity and futures interactive trading calendar is now posted at: https://www.cannontrading.com/tools/2012-futures-calendar

Great source for contract specifications, trading hours and other useful information available at: http://www.cmegroup.com/trading/products/#sortField=oi&sortAsc=false

I was informed  that our blog is being nominated for the STAR award by traderplanet.com which is very nice to hear and know that the work and amount of time we put into it is not going unnoticed!

I have gotten and getting great feedback from many of you and would appreciate if you can take a couple of seconds to vote at:

 

 

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If you like the information we share? We would appreciate your positive reviews on our new yelp!!

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.

If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

Futures Trading Levels

Contract Dec. 2013  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell Dollar Index
Resistance 3 1803.42 3513.67 15970 1134.23 81.28
Resistance 2 1798.83 3502.83 15935 1129.87 81.06
Resistance 1 1791.17 3490.42 15873 1125.43 80.67
Pivot 1786.58 3479.58 15838 1121.07 80.45
Support 1 1778.92 3467.17 15776 1116.63 80.05
Support 2 1774.33 3456.33 15741 1112.27 79.83
Support 3 1766.67 3443.92 15679 1107.83 79.44
Contract Feb. Gold Mar. Silver Jan. Crude Oil Mar. Bonds  Dec. Euro
Resistance 3 1267.7 2018.0 98.87 130  1/32 1.3852
Resistance 2 1255.5 1995.0 98.43 129 23/32 1.3765
Resistance 1 1240.8 1967.5 97.89 129 11/32 1.3717
Pivot 1228.6 1944.5 97.45 129  1/32 1.3630
Support 1 1213.9 1917.0 96.91 128 21/32 1.3582
Support 2 1201.7 1894.0 96.47 128 11/32 1.3495
Support 3 1187.0 1866.5 95.93 127 31/32 1.3447
Contract Dec Corn March Wheat Jan .Beans Jan. SoyMeal Jan. bean Oil
Resistance 3 441.3 652.8 1347.33 440.10 41.22
Resistance 2 439.0 652.7 1338.67 436.10 40.96
Resistance 1 436.3 652.3 1333.33 432.10 40.78
Pivot 434.0 652.2 1324.67 428.10 40.52
Support 1 431.3 651.8 1319.3 424.1 40.3
Support 2 429.0 651.7 1310.67 420.10 40.08
Support 3 426.3 651.3 1305.33 416.10 39.90
For complete contract specifications for the futures markets listed above click here!

5. 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
FriDec 6  2:45am EUR French Gov Budget Balance -80.8B
EUR French Trade Balance -5.1B -5.8B
6:00am EUR German Factory Orders m/m -0.4% 3.3%
8:30am USD Non-Farm Employment Change 180K 204K
USD Unemployment Rate 7.2% 7.3%
USD Average Hourly Earnings m/m 0.2% 0.1%
USD Core PCE Price Index m/m 0.1% 0.1%
USD Personal Spending m/m 0.3% 0.2%
USD Personal Income m/m 0.3% 0.5%
9:55am USD Prelim UoM Consumer Sentiment 76.2 75.1
USD Prelim UoM Inflation Expectations 2.9%
3:00pm USD FOMC Member Evans Speaks
USD Consumer Credit m/m 14.6B 13.7B

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.