Trading Levels and Reports for May 25th – Memorial Day Trading Schedule
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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
*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 |
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 |
