Levels and Economic Reports for April 30, 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 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
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GOOD TRADING
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| 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 |
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
