Support & Resistance Levels 5.3.018
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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Dear Traders,
There will be no market commentary today. Read full article to see trading levels and economic reports for Thursday, May 3rd 2018.
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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.
Futures Trading Levels
5-3-2018
| Contract June 2018 | SP500 #ES_F | Nasdaq100 #NQ_F | Dow Jones #YM_F | Mini Russell #RTY_F | BitCoin Index #XBT_F |
| Resistance 3 | 2678.67 | 6792.67 | 24343 | 1587.70 | 9399.51 |
| Resistance 2 | 2668.58 | 6761.08 | 24240 | 1577.90 | 9291.57 |
| Resistance 1 | 2649.17 | 6699.67 | 24040 | 1566.10 | 9198.44 |
| Pivot | 2639.08 | 6668.08 | 23937 | 1556.30 | 9090.50 |
| Support 1 | 2619.67 | 6606.67 | 23737 | 1544.50 | 8997.37 |
| Support 2 | 2609.58 | 6575.08 | 23634 | 1534.70 | 8889.43 |
| Support 3 | 2590.17 | 6513.67 | 23434 | 1522.90 | 8796.30 |
| Contract | June Gold #GC_F | May Silver #SI-F | June Crude Oil #CL-F | June Bonds #ZB_F | June Euro #6E_F |
| Resistance 3 | 1322.8 | 16.98 | 69.48 | 144 5/32 | 1.2138 |
| Resistance 2 | 1318.8 | 16.77 | 68.81 | 143 27/32 | 1.2105 |
| Resistance 1 | 1312.2 | 16.59 | 68.26 | 143 14/32 | 1.2044 |
| Pivot | 1308.2 | 16.38 | 67.59 | 143 4/32 | 1.2010 |
| Support 1 | 1301.6 | 16.20 | 67.04 | 142 23/32 | 1.1949 |
| Support 2 | 1297.6 | 15.99 | 66.37 | 142 13/32 | 1.1916 |
| Support 3 | 1291.0 | 15.81 | 65.82 | 142 | 1.1855 |
| Contract | July Corn #ZC_F | July Wheat #ZW_F | July Beans #ZS_F | July SoyMeal #ZM_F | May Nat Gas #NG_F |
| Resistance 3 | 408.8 | 547.3 | 1061.33 | 412.50 | 2.86 |
| Resistance 2 | 407.5 | 540.9 | 1056.17 | 409.50 | 2.84 |
| Resistance 1 | 406.3 | 533.8 | 1049.58 | 405.10 | 2.80 |
| Pivot | 405.0 | 527.4 | 1044.42 | 402.10 | 2.77 |
| Support 1 | 403.8 | 520.3 | 1037.8 | 397.7 | 2.7 |
| Support 2 | 402.5 | 513.9 | 1032.67 | 394.70 | 2.71 |
| Support 3 | 401.3 | 506.8 | 1026.08 | 390.30 | 2.67 |
Source: http://forexfactory.com
Economic Reports
| Date | 3:57pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| ThuMay 3 | 3:00am | EUR |
Spanish Unemployment Change
|
-100.2K | -47.7K | ||||
| 4:30am | GBP |
Services PMI
|
53.5 | 51.7 | |||||
| 5:00am | EUR |
CPI Flash Estimate y/y
|
1.3% | 1.3% | |||||
| EUR |
Core CPI Flash Estimate y/y
|
0.9% | 1.0% | ||||||
| EUR |
PPI m/m
|
0.1% | 0.1% | ||||||
| Tentative | EUR |
Spanish 10-y Bond Auction
|
1.24|1.3 | ||||||
| Tentative | EUR |
French 10-y Bond Auction
|
0.74|1.9 | ||||||
| 7:30am | USD |
Challenger Job Cuts y/y
|
39.4% | ||||||
| 8:30am | USD |
Prelim Nonfarm Productivity q/q
|
0.9% | 0.0% | |||||
| USD |
Prelim Unit Labor Costs q/q
|
3.1% | 2.5% | ||||||
| USD |
Unemployment Claims
|
225K | 209K | ||||||
| USD |
Trade Balance
|
-50.0B | -57.6B | ||||||
| 9:45am | USD |
Final Services PMI
|
54.4 | 54.4 | |||||
| 10:00am | USD |
ISM Non-Manufacturing PMI
|
58.1 | 58.8 | |||||
| USD |
Factory Orders m/m
|
1.3% | 1.2% | ||||||
| 10:30am | USD |
Natural Gas Storage
|
47B | -18B |
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 judgement in trading.
