{"id":4891,"date":"2013-05-06T12:19:56","date_gmt":"2013-05-06T20:19:56","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=4891"},"modified":"2014-09-15T22:27:33","modified_gmt":"2014-09-16T06:27:33","slug":"futures-trading-levels-and-reports-for-may-7-2013","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/futures-trading-levels-and-reports-for-may-7-2013\/","title":{"rendered":"Futures Trading Levels and Reports for May 7, 2013"},"content":{"rendered":"

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.
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1.\u00a0Market Commentary<\/a><\/strong>
\n2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index<\/a><\/strong>
\n3.\u00a0Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds<\/a><\/strong>
\n4.\u00a0Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver<\/a><\/strong>
\n5.\u00a0Futures Economic Reports for Tuesday May 7, 2013<\/a><\/strong>
\n<\/a>
\nHello Traders,<\/strong><\/p>\n

For 2013 I would like to wish all of you discipline and patience in your trading!\u00a0<\/em><\/p>\n

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We started this week very quietly, especially compare to last week. Much lower volume and narrower trading range.<\/p>\n

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Last week we had a slew of reports and events and the daily ranges were wider than the average ( take a look at the Mini Dow Jones daily chart below and the ATR, average true range study in it). This week we started quietly and there is not much activity ahead on the economic calendar until Thursday.<\/p>\n

Try to get a feel for the market early in the day by looking at the overnight range as well as the range of the first trading hour after cash open. This can help you estimate what type of range\/ volatility we may have and adjust your trading parameters accordingly.<\/p>\n

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If you like the information we share?\u00a0We would appreciate your positive reviews on our new yelp!!<\/a><\/p>\n

GOOD TRADING<\/strong><\/p>\n

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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.<\/p>\n

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Futures Trading Levels<\/a><\/strong><\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Contract June 2013<\/td>\nSP500 (big & Mini)<\/a><\/td>\nNasdaq100 (big & Mini)<\/a><\/td>\nDow Jones (big & Mini)<\/a><\/td>\nMini Russell<\/a><\/td>\nDollar Index<\/a><\/td>\n<\/tr>\n
Resistance 3<\/td>\n1624.58<\/td>\n2974.33<\/td>\n14976<\/td>\n968.73<\/td>\n83.00<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1619.92<\/td>\n2964.17<\/td>\n14952<\/td>\n963.77<\/td>\n82.74<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1616.58<\/td>\n2956.83<\/td>\n14930<\/td>\n960.63<\/td>\n82.56<\/td>\n<\/tr>\n
Pivot<\/td>\n1611.92<\/td>\n2946.67<\/td>\n14906<\/td>\n955.67<\/td>\n82.30<\/td>\n<\/tr>\n
Support 1<\/td>\n1608.58<\/td>\n2939.33<\/td>\n14884<\/td>\n952.53<\/td>\n82.13<\/td>\n<\/tr>\n
Support 2<\/td>\n1603.92<\/td>\n2929.17<\/td>\n14860<\/td>\n947.57<\/td>\n81.87<\/td>\n<\/tr>\n
Support 3<\/td>\n1600.58<\/td>\n2921.83<\/td>\n14838<\/td>\n944.43<\/td>\n81.69<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nJune Gold<\/a><\/td>\nJuly Silver<\/a><\/td>\nJune Crude Oil<\/a><\/td>\nJune Bonds<\/a><\/td>\nJune Euro<\/a><\/td>\n<\/tr>\n
Resistance 3<\/td>\n1491.8<\/td>\n2492.7<\/td>\n99.36<\/td>\n147 31\/32<\/td>\n1.3218<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1485.1<\/td>\n2467.3<\/td>\n98.26<\/td>\n147 20\/32<\/td>\n1.3181<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1477.2<\/td>\n2432.7<\/td>\n97.04<\/td>\n147 4\/32<\/td>\n1.3129<\/td>\n<\/tr>\n
Pivot<\/td>\n1470.5<\/td>\n2407.3<\/td>\n95.94<\/td>\n146 25\/32<\/td>\n1.3092<\/td>\n<\/tr>\n
Support 1<\/td>\n1462.6<\/td>\n2372.7<\/td>\n94.72<\/td>\n146 9\/32<\/td>\n1.3040<\/td>\n<\/tr>\n
Support 2<\/td>\n1455.9<\/td>\n2347.3<\/td>\n93.62<\/td>\n145 30\/32<\/td>\n1.3003<\/td>\n<\/tr>\n
Support 3<\/td>\n1448.0<\/td>\n2312.7<\/td>\n92.40<\/td>\n145 14\/32<\/td>\n1.2951<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nJuly Corn<\/a><\/td>\nJuly Wheat<\/a><\/td>\nJuly Beans<\/a><\/td>\nJuly SoyMeal<\/a><\/td>\nJuly bean Oil<\/a><\/td>\n<\/tr>\n
Resistance 3<\/td>\n658.0<\/td>\n712.3<\/td>\n1395.50<\/td>\n415.87<\/td>\n49.97<\/td>\n<\/tr>\n
Resistance 2<\/td>\n652.5<\/td>\n710.4<\/td>\n1389.75<\/td>\n412.53<\/td>\n49.71<\/td>\n<\/tr>\n
Resistance 1<\/td>\n644.5<\/td>\n706.6<\/td>\n1379.50<\/td>\n406.87<\/td>\n49.23<\/td>\n<\/tr>\n
Pivot<\/td>\n639.0<\/td>\n704.7<\/td>\n1373.75<\/td>\n403.53<\/td>\n48.97<\/td>\n<\/tr>\n
Support 1<\/td>\n631.0<\/td>\n700.8<\/td>\n1363.5<\/td>\n397.9<\/td>\n48.5<\/td>\n<\/tr>\n
Support 2<\/td>\n625.5<\/td>\n698.9<\/td>\n1357.75<\/td>\n394.53<\/td>\n48.23<\/td>\n<\/tr>\n
Support 3<\/td>\n617.5<\/td>\n695.1<\/td>\n1347.50<\/td>\n388.87<\/td>\n47.75<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
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For complete contract specifications for the futures markets listed above\u00a0click here!<\/a><\/div>\n
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5. Economic Reports<\/strong><\/div>\n

source:http:\/\/www.forexfactory.com\/calendar.php<\/a><\/h3>\n

All times are Eastern time Zone (EST)<\/a><\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n
Date<\/th>\n4:15pm<\/a><\/th>\nCurrency<\/th>\nImpact<\/th>\n<\/th>\nDetail<\/th>\nActual<\/th>\nForecast<\/th>\nPrevious<\/th>\nGraph<\/th>\n<\/tr>\n<\/thead>\n
<\/td>\n<\/tr>\n
TueMay 7<\/td>\n<\/a>\u00a02:45am<\/td>\nEUR<\/td>\n<\/td>\nFrench Industrial Production m\/m<\/td>\n<\/td>\n<\/td>\n-0.2%<\/td>\n0.7%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\nFrench Gov Budget Balance<\/td>\n<\/td>\n<\/td>\n<\/td>\n-27.1B<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\nFrench Trade Balance<\/td>\n<\/td>\n<\/td>\n-5.3B<\/td>\n-6.0B<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n6:00am<\/td>\nEUR<\/td>\n<\/td>\nGerman Factory Orders m\/m<\/td>\n<\/td>\n<\/td>\n-0.4%<\/td>\n2.3%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n10:00am<\/td>\nUSD<\/td>\n<\/td>\nIBD\/TIPP Economic Optimism<\/td>\n<\/td>\n<\/td>\n47.1<\/td>\n46.2<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n3:00pm<\/td>\nUSD<\/td>\n<\/td>\nConsumer Credit m\/m<\/td>\n<\/td>\n<\/td>\n16.2B<\/td>\n18.1B<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n4:00pm<\/td>\nUSD<\/td>\n<\/td>\nTreasury Sec Lew Speaks<\/td>\n<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed. 1.\u00a0Market Commentary 2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index 3.\u00a0Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds 4.\u00a0Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver 5.\u00a0Futures Economic Reports for […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67],"tags":[59,663],"class_list":["post-4891","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","tag-discount-futures-broker","tag-mini-dow-day-trading-chart"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/4891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/comments?post=4891"}],"version-history":[{"count":6,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/4891\/revisions"}],"predecessor-version":[{"id":5368,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/4891\/revisions\/5368"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=4891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=4891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=4891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}