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Trading Levels and Reports for May 25th – Memorial Day Trading Schedule

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Friday May 25, 2012

Hello Traders,

Just a heads up!  This weekend is Memorial Day weekend and of course we are on a Holiday Schedule.  Please pay attention below to the Memorial Day Trading Schedule.

Memorial Day Trading Schedule

Friday, May 25

CME Group (Floor)
12:00 pm Close: Foreign Exchange and Interest Rate products
* All other products regular close

NYMEX (Floor)
Regular Close

GLOBEX
3:15 pm Close: Interest Rate, Foreign Exchange, CBOT/KCBT/MGEX Grain, GSCI, Wood Pulp, Crude Palm Oil and Green Exchange products
* All other products regular close

ICE
3:15 pm Close: Financial and Index products
* All other products regular close

EUREX
Regular Close

OneChicago
Regular Close

NYSE
Regular Close

Nadex
Regular Close

Forex
Regular Close

Sunday, May 27

CME Group (Floor)
Closed

NYMEX (Floor)
Closed

GLOBEX
Regular Open
* Exceptions – Dairy, Crude Palm Oil, Weather, Livestock, GSCI, Lumber, CBOT/KCBT/MGEX Grains and Dow UBS ER products closed

ICE
Regular Open
* Exceptions – Soft and Open outcry products closed

EUREX
Regular Open
* Exceptions – Swiss fixed income as well as equity and equity index derivatives, Hurricane Futures, Austrian, Norwegian, Brazilian, Canadian and U.S. equity derivatives and Eurex KOSPI Products (No cash payment in USD, CHF, KRW)

OneChicago
Closed

NYSE
Closed

Nadex
Closed

Forex
Regular Open

Monday, May 28

CME Group (Floor)
Closed

NYMEX (Floor)
Closed

GLOBEX
Closed: Dairy, Crude Palm Oil, Livestock, GSCI, Lumber, Weather, CBOT/KCBT/MGEX Grains, KOSPI 200 and Dow UBS ER products
10:30 am Close: Equity products
12:00 pm Close: Interest Rate, Foreign Exchange, Real Estate and Wood Pulp products
12:15 pm Close: NYMEX/COMEX/DME and Green Exchange products

*Trading Resumes at the times listed below*
5:00 pm Open: Equity, Interest Rate, Foreign Exchange, Dairy, Crude Palm Oil, GSCI, Weather, Real Estate, Wood Pulp, NYMEX/COMEX/DME and Green Exchange products
7:00 pm Open: CBOT/KCBT/MGEX Grain products (pre-open begins at 4:15 pm on Sunday, May 27th)

ICE
Closed: Soft and Open outcry products
10:30 am Close: Index products
12:00 pm Close: Financial products

EUREX
Closed: Swiss fixed income as well as equity and equity index derivatives, Hurricane Futures, Austrian, Norwegian, Brazilian, Canadian and U.S. equity derivatives and Eurex KOSPI Products
*No cash payment in USD, CHF, KRW

OneChicago
Closed

NYSE
Closed

Nadex
Closed
*Regular evening open at 5:00 pm

Forex
Regular Close

 

CME Group  Schedule

ICE Schedule

 

 

*All times listed in Central Time

The above calendar is compiled from sources believed to be reliable. Cannon Trading Co, Inc.  assumes no responsibility for any errors or omissions. It is meant as an alert to events that may affect trading strategies and is not necessarily complete. The closing times for certain contracts may have been rescheduled.

If you have any questions please contact our Customer Service

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.

 

2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index

Contract June 2012 SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell Dollar Index
Resistance 3 1341.00 2596.33 12690 787.33 83.18
Resistance 2 1331.75 2573.67 12609 777.97 82.86
Resistance 1 1327.00 2555.33 12567 773.23 82.64
Pivot 1317.75 2532.67 12486 763.87 82.32
Support 1 1313.00 2514.33 12444 759.13 82.10
Support 2 1303.75 2491.67 12363 749.77 81.78
Support 3 1299.00 2473.33 12321 745.03 81.56


3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds

Contract June Gold June Euro July Crude Oil June Bonds
Resistance 3 1600.9 1.2707 93.43 148 7/32
Resistance 2 1589.3 1.2665 92.47 147 31/32
Resistance 1 1574.2 1.2601 91.72 147 22/32
Pivot 1562.6 1.2559 90.76 147 14/32
Support 1 1547.5 1.2495 90.01 147 5/32
Support 2 1535.9 1.2453 89.05 146 29/32
Support 3 1520.8 1.2389 88.30 146 20/32


4. Support & Resistance Levels for Corn, Wheat, Beans and Silver

Contract July Corn July Wheat July Beans July Silver
Resistance 3 629.4 683.0 1398.33 2957.5
Resistance 2 618.8 679.0 1391.67 2904.5
Resistance 1 598.7 671.0 1383.83 2864.5
Pivot 588.1 667.0 1377.17 2811.5
Support 1 567.9 659.0 1369.3 2771.5
Support 2 557.3 655.0 1362.67 2718.5
Support 3 537.2 647.0 1354.83 2678.5

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

 

5. Economic Reports

source:http://www.forexfactory.com/calendar.php

All times are Eastern time Zone (EST)

Date

1:54pm

Currency

Impact

Detail

Actual

Forecast

Previous

Chart

Fri

May 25

2:00am

EUR

GfK German Consumer Climate

5.7

5.6

4:00am

EUR

Italian Retail Sales m/m

-0.1%

0.6%

9:55am

USD

Revised UoM Consumer Sentiment

77.7

77.8

9:55am

USD

Revised UoM Inflation Expectations

3.1%

Tentative

USD

Treasury Currency Report


Tags: Posted in: Future Trading News  

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