Trading Levels for Tuesday, May 24th
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.
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 May 24, 2016
Hello Traders,
For 2016 I would like to wish all of you discipline and patience in your trading!
Voted #1 futures trading blog!
Quiet day to start the week ahead of memorial Day Weekend coming up.
More choppy action then any trend or breakout trades to be honest and volume seems to be lighter.
A couple of trading systems we offer on auto trading have been doing well recently and you can see latest trades and statistics here.
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.
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| Contract June 2016 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2065.17 | 4405.67 | 17623 | 1123.87 | 95.82 |
| Resistance 2 | 2060.58 | 4393.58 | 17578 | 1120.53 | 95.65 |
| Resistance 1 | 2052.67 | 4372.42 | 17521 | 1114.37 | 95.45 |
| Pivot | 2048.08 | 4360.33 | 17476 | 1111.03 | 95.28 |
| Support 1 | 2040.17 | 4339.17 | 17419 | 1104.87 | 95.09 |
| Support 2 | 2035.58 | 4327.08 | 17374 | 1101.53 | 94.92 |
| Support 3 | 2027.67 | 4305.92 | 17317 | 1095.37 | 94.72 |
| Contract | July Gold | July Silver | June Crude Oil | June Bonds | June Euro |
| Resistance 3 | 1269.7 | 16.83 | 49.71 | 165 31/32 | 1.1306 |
| Resistance 2 | 1263.3 | 16.71 | 49.11 | 165 15/32 | 1.1277 |
| Resistance 1 | 1256.4 | 16.57 | 48.61 | 165 2/32 | 1.1251 |
| Pivot | 1250.0 | 16.45 | 48.01 | 164 18/32 | 1.1222 |
| Support 1 | 1243.1 | 16.30 | 47.51 | 164 5/32 | 1.1196 |
| Support 2 | 1236.7 | 16.18 | 46.91 | 163 21/32 | 1.1167 |
| Support 3 | 1229.8 | 16.04 | 46.41 | 163 8/32 | 1.1141 |
| Contract | July Corn | July Wheat | July Beans | July SoyMeal | June Nat Gas |
| Resistance 3 | 408.6 | 472.5 | 1090.08 | 410.03 | 2.20 |
| Resistance 2 | 403.9 | 470.0 | 1081.17 | 404.17 | 2.17 |
| Resistance 1 | 400.8 | 466.0 | 1069.83 | 395.93 | 2.11 |
| Pivot | 396.2 | 463.5 | 1060.92 | 390.07 | 2.08 |
| Support 1 | 393.1 | 459.5 | 1049.6 | 381.8 | 2.0 |
| Support 2 | 388.4 | 457.0 | 1040.67 | 375.97 | 2.00 |
| Support 3 | 385.3 | 453.0 | 1029.33 | 367.73 | 1.95 |
Economic Reports
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 3:49pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| TueMay 24 | 2:00am | EUR |
German Final GDP q/q
|
0.7% | 0.7% | ||||
| 4:30am | GBP |
Public Sector Net Borrowing
|
6.3B | 4.2B | |||||
| 5:00am | EUR |
German ZEW Economic Sentiment
|
12.1 | 11.2 | |||||
| EUR |
ZEW Economic Sentiment
|
23.4 | 21.5 | ||||||
| GBP |
Inflation Report Hearings
|
||||||||
| 6:00am | GBP |
CBI Realized Sales
|
6 | -13 | |||||
| All Day | EUR |
Eurogroup Meetings
|
|||||||
| 8:00am | EUR |
ECB Financial Stability Review
|
|||||||
| 10:00am | USD |
New Home Sales
|
521K | 511K | |||||
| USD |
Richmond Manufacturing Index
|
9 | 14 |
