{"id":4917,"date":"2013-05-16T12:30:20","date_gmt":"2013-05-16T20:30:20","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=4917"},"modified":"2014-09-15T22:36:12","modified_gmt":"2014-09-16T06:36:12","slug":"futures-trading-levels-and-economic-reports-for-may-17-2013","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/futures-trading-levels-and-economic-reports-for-may-17-2013\/","title":{"rendered":"Futures Trading Levels and Economic Reports for May 17, 2013"},"content":{"rendered":"

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.
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\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 Friday May 17, 2013<\/a><\/strong>
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\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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A few different ways to enter a trade…..A good client of mine told me that in the “out of trading world” he has always made his money by entering at the right price. Made me think about trading and the different ways one can enter a trade. Below is just a quick highlight\/ food for thought and over the next few weeks I will expand and put up an article with chart examples:<\/div>\n
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1. Enter a trade at the market. You get in at the best price possible and the nice thing you make sure you are in if you want to be at this trade.<\/div>\n
2. Place a limit order to sell higher than current market price or to buy lower than current market price. Plus side, you will enter at a better price than where the market is and this may give you better chances for a winning trade. The down side, you may miss a good trade because the market never came back enough to let you in…<\/div>\n
3. Enter an order to buy on a stop if market goes higher or sell on a stop if market goes lower. I actually like this method for a few entries\/market conditions as it provides what I call price confirmation. Example: You like to go long when RSI drops below 20 and stochastics are crossing over, signaling a buy signal. Rather than go at market, i would place a buy stop 2 ticks above the last bar high and let price action show me that there is actually momentum to the upside. What I like to refer to as price confirmation for my signal. I like using this entry when looking at counter trend set ups. What you gain is higher confidence ( in my view ) for price to move in my direction, on the other hand you are giving up a few ticks on the entry….<\/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

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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>\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>\n1680.25<\/td>\n3032.67<\/td>\n15436<\/td>\n1001.73<\/td>\n84.75<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1670.00<\/td>\n3018.58<\/td>\n15357<\/td>\n996.37<\/td>\n84.48<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1663.25<\/td>\n3010.67<\/td>\n15302<\/td>\n991.73<\/td>\n84.21<\/td>\n<\/tr>\n
Pivot<\/td>\n1653.00<\/td>\n2996.58<\/td>\n15223<\/td>\n986.37<\/td>\n83.94<\/td>\n<\/tr>\n
Support 1<\/td>\n1646.25<\/td>\n2988.67<\/td>\n15168<\/td>\n981.73<\/td>\n83.67<\/td>\n<\/tr>\n
Support 2<\/td>\n1636.00<\/td>\n2974.58<\/td>\n15089<\/td>\n976.37<\/td>\n83.40<\/td>\n<\/tr>\n
Support 3<\/td>\n1629.25<\/td>\n2966.67<\/td>\n15034<\/td>\n971.73<\/td>\n83.13<\/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>\n1461.2<\/td>\n2414.3<\/td>\n97.44<\/td>\n145 24\/32<\/td>\n1.3036<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1445.3<\/td>\n2379.7<\/td>\n95.94<\/td>\n145\u00a0\u00a06\/32<\/td>\n1.2990<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1418.2<\/td>\n2313.8<\/td>\n95.14<\/td>\n144 21\/32<\/td>\n1.2936<\/td>\n<\/tr>\n
Pivot<\/td>\n1402.3<\/td>\n2279.2<\/td>\n93.64<\/td>\n144\u00a0\u00a03\/32<\/td>\n1.2890<\/td>\n<\/tr>\n
Support 1<\/td>\n1375.2<\/td>\n2213.3<\/td>\n92.84<\/td>\n143 18\/32<\/td>\n1.2836<\/td>\n<\/tr>\n
Support 2<\/td>\n1359.3<\/td>\n2178.7<\/td>\n91.34<\/td>\n143<\/td>\n1.2790<\/td>\n<\/tr>\n
Support 3<\/td>\n1332.2<\/td>\n2112.8<\/td>\n90.54<\/td>\n142 15\/32<\/td>\n1.2736<\/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>\n672.7<\/td>\n712.8<\/td>\n1437.17<\/td>\n421.53<\/td>\n50.55<\/td>\n<\/tr>\n
Resistance 2<\/td>\n666.1<\/td>\n708.9<\/td>\n1428.58<\/td>\n418.17<\/td>\n50.25<\/td>\n<\/tr>\n
Resistance 1<\/td>\n658.4<\/td>\n701.3<\/td>\n1420.67<\/td>\n414.33<\/td>\n49.80<\/td>\n<\/tr>\n
Pivot<\/td>\n651.8<\/td>\n697.4<\/td>\n1412.08<\/td>\n410.97<\/td>\n49.50<\/td>\n<\/tr>\n
Support 1<\/td>\n644.2<\/td>\n689.8<\/td>\n1404.2<\/td>\n407.1<\/td>\n49.1<\/td>\n<\/tr>\n
Support 2<\/td>\n637.6<\/td>\n685.9<\/td>\n1395.58<\/td>\n403.77<\/td>\n48.75<\/td>\n<\/tr>\n
Support 3<\/td>\n629.9<\/td>\n678.3<\/td>\n1387.67<\/td>\n399.93<\/td>\n48.30<\/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
Date<\/th>\n3:49pm<\/a><\/th>\nCurrency<\/th>\nImpact<\/th>\n<\/th>\nDetail<\/th>\nActual<\/th>\nForecast<\/th>\nPrevious<\/th>\nGraph<\/th>\n<\/tr>\n<\/thead>\n
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FriMay 17<\/td>\n<\/a>\u00a09:55am<\/td>\nUSD<\/td>\n<\/td>\nPrelim UoM Consumer Sentiment<\/td>\n<\/td>\n<\/td>\n77.9<\/td>\n76.4<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\nPrelim UoM Inflation Expectations<\/td>\n<\/td>\n<\/td>\n<\/td>\n3.1%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n10:00am<\/td>\nUSD<\/td>\n<\/td>\nCB Leading Index m\/m<\/td>\n<\/td>\n<\/td>\n0.3%<\/td>\n-0.1%<\/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
\n<\/span><\/h3>\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":[67,30],"tags":[58,52,49],"class_list":["post-4917","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","category-futures-broker-2","tag-day-trading-futures","tag-discount-futures-brokers","tag-support-and-resistance-levels"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/4917","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=4917"}],"version-history":[{"count":6,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/4917\/revisions"}],"predecessor-version":[{"id":8859,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/4917\/revisions\/8859"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=4917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=4917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=4917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}