Levels and Economic Reports for April 30, 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 Tuesday April 30, 2013

Hello Traders,

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

 

This month we witnessed some big moves in crude oil market. Sharp sell off followed by strong bounce. The market is now approaching the 95 level, which is approximately 76% Fibonacci level and may act as a decision level to whether crude wil continue higher or resume the sell off that started earlier this month.

Daily chart for your review below

 

crude oil daily chart

 

 

 

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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

Contract June 2013  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell Dollar Index
Resistance 3 1613.75 2923.08 14964 954.13 82.86
Resistance 2 1603.00 2897.42 14875 947.77 82.69
Resistance 1 1595.25 2878.83 14809 943.33 82.44
Pivot 1584.50 2853.17 14720 936.97 82.27
Support 1 1576.75 2834.58 14654 932.53 82.02
Support 2 1566.00 2808.92 14565 926.17 81.85
Support 3 1558.25 2790.33 14499 921.73 81.60
Contract June Gold July Silver June Crude Oil June Bonds  June Euro
Resistance 3 1494.8 2507.2 97.42 149 24/32 1.3223
Resistance 2 1486.5 2477.3 96.06 149 15/32 1.3172
Resistance 1 1478.1 2454.2 95.16 148 31/32 1.3138
Pivot 1469.8 2424.3 93.80 148 22/32 1.3087
Support 1 1461.4 2401.2 92.90 148  6/32 1.3053
Support 2 1453.1 2371.3 91.54 147 29/32 1.3002
Support 3 1444.7 2348.2 90.64 147 13/32 1.2968
Contract July Corn July Wheat July Beans July SoyMeal July bean Oil
Resistance 3 697.1 741.0 1446.33 434.47 50.08
Resistance 2 678.4 729.5 1427.92 425.93 49.80
Resistance 1 669.1 723.0 1418.33 421.17 49.65
Pivot 650.4 711.5 1399.92 412.63 49.37
Support 1 641.1 705.0 1390.3 407.9 49.2
Support 2 622.4 693.5 1371.92 399.33 48.94
Support 3 613.1 687.0 1362.33 394.57 48.79
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 4:32pm Currency Impact Detail Actual Forecast Previous Graph
TueApr 30  2:00am EUR German Retail Sales m/m -0.2% -0.3%
EUR GfK German Consumer Climate 5.9 5.9
2:45am EUR French Consumer Spending m/m 0.2% -0.2%
3:00am EUR Spanish Flash GDP q/q -0.5% -0.8%
3:55am EUR German Unemployment Change 2K 13K
4:00am EUR Italian Monthly Unemployment Rate 11.7% 11.6%
5:00am EUR CPI Flash Estimate y/y 1.6% 1.7%
EUR Unemployment Rate 12.1% 12.0%
EUR Italian Prelim CPI m/m 0.3% 0.2%
8:30am USD Employment Cost Index q/q 0.5% 0.4%
9:00am USD S&P/CS Composite-20 HPI y/y 9.1% 8.1%
9:45am USD Chicago PMI 52.5 52.4
10:00am USD CB Consumer Confidence 61.4 59.7
Tentative USD Loan Officer Survey

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

Tags: > > > Posted in: Future Trading News  

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