{"id":4895,"date":"2013-05-07T12:16:14","date_gmt":"2013-05-07T20:16:14","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=4895"},"modified":"2014-09-15T22:28:39","modified_gmt":"2014-09-16T06:28:39","slug":"futures-trading-levels-and-economic-reports-for-may-8-2013","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/futures-trading-levels-and-economic-reports-for-may-8-2013\/","title":{"rendered":"Futures Trading Levels and Economic Reports for May 8, 2013"},"content":{"rendered":"

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.
\n<\/strong>
\n\"Like<\/a>\"Follow<\/a>\"View<\/a>\"Find<\/a>\"Cannon<\/a>\"Find<\/a><\/p>\n

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 Wednesday May 8, 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

\n

\u00a0<\/p>\n

Survivor Day
\nTrading<\/div>\n
By Ilan Levy-Mayer<\/div>\n
I started as a commodity broker back in 1998, when com<\/div>\n
missions of $25 per round turn for the E-minis were<\/div>\n
considered a deep discount. I had the luxury of observing many<\/div>\n
types of day traders and saw things from the sidelines that<\/div>\n
most traders could not see during the heat of battle, one of<\/div>\n
which is the importance of solid money management for the<\/div>\n
long-term survival of day trade.<\/div>\n
Day trading is by definition a trade that is initiated and<\/div>\n
completed during the same trading day. In this wide category,<\/div>\n
you will find many types of traders. On one end of the<\/div>\n
spectrum are scalpers, who go for one or two ticks of profit several<\/div>\n
times a day in trades lasting just seconds. On the other side<\/div>\n
are speculators who stay in a position from the start of the day<\/div>\n
until the close. One of the main appeals of day trading for all<\/div>\n
types is that the trader goes home flat without having to worry<\/div>\n
about positions. When the market closes, the day is done.<\/div>\n
Money management, as the name implies, is applying<\/div>\n
prudent principles to help conserve your trade (risk) capital.<\/div>\n
\n
\n

Without risk capital to trade, a speculator does not have a chance…<\/p>\n<\/div>\n

Continue reading<\/a><\/div>\n<\/div>\n

 <\/p>\n

<\/strong>\u00a0<\/strong><\/p>\n<\/div>\n

\n

\"Like<\/a>\"Follow<\/a>\"View<\/a>\"Find<\/a>\"Cannon<\/a>\"Find<\/a><\/p>\n<\/div>\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

 <\/p>\n<\/div>\n

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

 <\/p>\n

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>\n\u00a0SP500 (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>\n1637.92<\/td>\n2976.92<\/td>\n15156<\/td>\n979.73<\/td>\n82.79<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1629.83<\/td>\n2966.83<\/td>\n15077<\/td>\n972.77<\/td>\n82.61<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1625.42<\/td>\n2957.42<\/td>\n15035<\/td>\n969.13<\/td>\n82.48<\/td>\n<\/tr>\n
Pivot<\/td>\n1617.33<\/td>\n2947.33<\/td>\n14956<\/td>\n962.17<\/td>\n82.30<\/td>\n<\/tr>\n
Support 1<\/td>\n1612.92<\/td>\n2937.92<\/td>\n14914<\/td>\n958.53<\/td>\n82.18<\/td>\n<\/tr>\n
Support 2<\/td>\n1604.83<\/td>\n2927.83<\/td>\n14835<\/td>\n951.57<\/td>\n82.00<\/td>\n<\/tr>\n
Support 3<\/td>\n1600.42<\/td>\n2918.42<\/td>\n14793<\/td>\n947.93<\/td>\n81.87<\/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\u00a0<\/a><\/td>\nJune Euro<\/a><\/td>\n<\/tr>\n
Resistance 3<\/td>\n1496.7<\/td>\n2480.7<\/td>\n97.52<\/td>\n147 18\/32<\/td>\n1.3184<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1483.4<\/td>\n2442.3<\/td>\n96.89<\/td>\n147\u00a0\u00a08\/32<\/td>\n1.3160<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1467.1<\/td>\n2416.7<\/td>\n96.18<\/td>\n146 25\/32<\/td>\n1.3120<\/td>\n<\/tr>\n
Pivot<\/td>\n1453.8<\/td>\n2378.3<\/td>\n95.55<\/td>\n146 15\/32<\/td>\n1.3096<\/td>\n<\/tr>\n
Support 1<\/td>\n1437.5<\/td>\n2352.7<\/td>\n94.84<\/td>\n146<\/td>\n1.3056<\/td>\n<\/tr>\n
Support 2<\/td>\n1424.2<\/td>\n2314.3<\/td>\n94.21<\/td>\n145 22\/32<\/td>\n1.3032<\/td>\n<\/tr>\n
Support 3<\/td>\n1407.9<\/td>\n2288.7<\/td>\n93.50<\/td>\n145\u00a0\u00a07\/32<\/td>\n1.2992<\/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>\n656.3<\/td>\n713.7<\/td>\n1402.00<\/td>\n411.10<\/td>\n49.89<\/td>\n<\/tr>\n
Resistance 2<\/td>\n650.7<\/td>\n711.3<\/td>\n1392.75<\/td>\n408.50<\/td>\n49.55<\/td>\n<\/tr>\n
Resistance 1<\/td>\n645.3<\/td>\n710.2<\/td>\n1387.50<\/td>\n405.90<\/td>\n49.34<\/td>\n<\/tr>\n
Pivot<\/td>\n639.7<\/td>\n707.8<\/td>\n1378.25<\/td>\n403.30<\/td>\n49.00<\/td>\n<\/tr>\n
Support 1<\/td>\n634.3<\/td>\n706.7<\/td>\n1373.0<\/td>\n400.7<\/td>\n48.8<\/td>\n<\/tr>\n
Support 2<\/td>\n628.7<\/td>\n704.3<\/td>\n1363.75<\/td>\n398.10<\/td>\n48.45<\/td>\n<\/tr>\n
Support 3<\/td>\n623.3<\/td>\n703.2<\/td>\n1358.50<\/td>\n395.50<\/td>\n48.24<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
<\/div>\n
<\/div>\n
<\/div>\n
For complete contract specifications for the futures markets listed above\u00a0click here!<\/a><\/div>\n
<\/div>\n
<\/div>\n

<\/a><\/p>\n

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
Date<\/th>\n4:07pm<\/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
WedMay 8<\/td>\nAll Day<\/td>\nEUR<\/td>\n<\/td>\nFrench Bank Holiday<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/a>\u00a06:00am<\/td>\nEUR<\/td>\n<\/td>\nGerman Industrial Production m\/m<\/td>\n<\/td>\n<\/td>\n-0.1%<\/td>\n0.5%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n8:30am<\/td>\nUSD<\/td>\n<\/td>\nFOMC Member Stein Speaks<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n10:30am<\/td>\nUSD<\/td>\n<\/td>\nCrude Oil Inventories<\/td>\n<\/td>\n<\/td>\n2.1M<\/td>\n6.7M<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n1:00pm<\/td>\nUSD<\/td>\n<\/td>\n10-y Bond Auction<\/td>\n<\/td>\n<\/td>\n<\/td>\n1.80|2.8<\/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<\/a>. 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","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":[59,393],"class_list":["post-4895","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","tag-discount-futures-broker","tag-futures-day-trading"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/4895","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=4895"}],"version-history":[{"count":6,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/4895\/revisions"}],"predecessor-version":[{"id":5369,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/4895\/revisions\/5369"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=4895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=4895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=4895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}