{"id":4927,"date":"2013-05-22T12:15:24","date_gmt":"2013-05-22T20:15:24","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=4927"},"modified":"2014-09-15T22:38:38","modified_gmt":"2014-09-16T06:38:38","slug":"futures-trading-levels-and-economic-reports-for-june-23-2013","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/futures-trading-levels-and-economic-reports-for-june-23-2013\/","title":{"rendered":"Futures Trading Levels and Economic Reports for May 23, 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 Thursday May 23, 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

 <\/p>\n

\n

Today was the first meaningful bearish action in stock index futures in more than a few weeks…The big question is will this just be another opportunity to go long or is this the start of a reversal?
\nWe need to follow and monitor price action and closing prices over the next few sessions before attempting to decide but here are the few factors that jumped at me today and make me think that maybe today’s price action is the start of a more meaningful correction:<\/p>\n

<\/p>\n

1. We made new, fresh all time high ONLY to reverse, take out the previous day lows and close right on the low
\n2. Today’s volume was the highest in a while
\n3. From a technical point of view this seems to be a key reversal<\/p>\n

All this being said, who ever tried to short the stock market over the last few months did not have much success to say the least….So be careful, be patient and let the market provide you with clues. My first sign will be if we can close below 1649.<\/p>\n

Below is a daily mini SP chart with some levels I feel are important to watch:<\/p>\n<\/div>\n

 <\/p>\n

\n

\u00a0\"mini<\/p>\n<\/div>\n

 <\/p>\n

 <\/p>\n<\/div>\n

\n

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

\n

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>\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>\n1718.08<\/td>\n3113.00<\/td>\n15759<\/td>\n1035.67<\/td>\n85.71<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1701.92<\/td>\n3083.25<\/td>\n15641<\/td>\n1022.03<\/td>\n85.11<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1678.83<\/td>\n3043.25<\/td>\n15477<\/td>\n1002.67<\/td>\n84.72<\/td>\n<\/tr>\n
Pivot<\/td>\n1662.67<\/td>\n3013.50<\/td>\n15359<\/td>\n989.03<\/td>\n84.12<\/td>\n<\/tr>\n
Support 1<\/td>\n1639.58<\/td>\n2973.50<\/td>\n15195<\/td>\n969.67<\/td>\n83.73<\/td>\n<\/tr>\n
Support 2<\/td>\n1623.42<\/td>\n2943.75<\/td>\n15077<\/td>\n956.03<\/td>\n83.13<\/td>\n<\/tr>\n
Support 3<\/td>\n1600.33<\/td>\n2903.75<\/td>\n14913<\/td>\n936.67<\/td>\n82.74<\/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>\nJuly Crude Oil<\/a><\/td>\nJune Bonds<\/a><\/td>\nJune Euro<\/a><\/td>\n<\/tr>\n
Resistance 3<\/td>\n1460.6<\/td>\n2410.7<\/td>\n97.75<\/td>\n146 28\/32<\/td>\n1.3127<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1436.9<\/td>\n2369.8<\/td>\n96.97<\/td>\n145 31\/32<\/td>\n1.3063<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1400.4<\/td>\n2296.2<\/td>\n95.57<\/td>\n144 12\/32<\/td>\n1.2962<\/td>\n<\/tr>\n
Pivot<\/td>\n1376.7<\/td>\n2255.3<\/td>\n94.79<\/td>\n143 15\/32<\/td>\n1.2898<\/td>\n<\/tr>\n
Support 1<\/td>\n1340.2<\/td>\n2181.7<\/td>\n93.39<\/td>\n141 28\/32<\/td>\n1.2797<\/td>\n<\/tr>\n
Support 2<\/td>\n1316.5<\/td>\n2140.8<\/td>\n92.61<\/td>\n140 31\/32<\/td>\n1.2733<\/td>\n<\/tr>\n
Support 3<\/td>\n1280.0<\/td>\n2067.2<\/td>\n91.21<\/td>\n139 12\/32<\/td>\n1.2632<\/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>\n686.0<\/td>\n695.7<\/td>\n1525.67<\/td>\n450.33<\/td>\n50.09<\/td>\n<\/tr>\n
Resistance 2<\/td>\n672.5<\/td>\n692.8<\/td>\n1510.08<\/td>\n445.67<\/td>\n49.92<\/td>\n<\/tr>\n
Resistance 1<\/td>\n665.5<\/td>\n690.7<\/td>\n1502.17<\/td>\n443.13<\/td>\n49.78<\/td>\n<\/tr>\n
Pivot<\/td>\n652.0<\/td>\n687.8<\/td>\n1486.58<\/td>\n438.47<\/td>\n49.61<\/td>\n<\/tr>\n
Support 1<\/td>\n645.0<\/td>\n685.7<\/td>\n1478.7<\/td>\n435.9<\/td>\n49.5<\/td>\n<\/tr>\n
Support 2<\/td>\n631.5<\/td>\n682.8<\/td>\n1463.08<\/td>\n431.27<\/td>\n49.30<\/td>\n<\/tr>\n
Support 3<\/td>\n624.5<\/td>\n680.7<\/td>\n1455.17<\/td>\n428.73<\/td>\n49.16<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\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\n\n\n\n\n\n\n\n\n\n
Date<\/th>\n3:20pm<\/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
ThuMay 23<\/td>\n<\/a>\u00a03:00am<\/td>\nEUR<\/td>\n<\/td>\nFrench Flash Manufacturing PMI<\/td>\n<\/td>\n<\/td>\n44.8<\/td>\n44.4<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\nFrench Flash Services PMI<\/td>\n<\/td>\n<\/td>\n44.7<\/td>\n44.3<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n3:30am<\/td>\nEUR<\/td>\n<\/td>\nGerman Flash Manufacturing PMI<\/td>\n<\/td>\n<\/td>\n48.6<\/td>\n48.1<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\nGerman Flash Services PMI<\/td>\n<\/td>\n<\/td>\n50.2<\/td>\n49.6<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n4:00am<\/td>\nEUR<\/td>\n<\/td>\nFlash Manufacturing PMI<\/td>\n<\/td>\n<\/td>\n47.1<\/td>\n46.7<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\nFlash Services PMI<\/td>\n<\/td>\n<\/td>\n47.4<\/td>\n47.0<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\nItalian Retail Sales m\/m<\/td>\n<\/td>\n<\/td>\n0.3%<\/td>\n-0.2%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n6:05am<\/td>\nUSD<\/td>\n<\/td>\nFOMC Member Bullard Speaks<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n8:30am<\/td>\nUSD<\/td>\n<\/td>\nUnemployment Claims<\/td>\n<\/td>\n<\/td>\n347K<\/td>\n360K<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n9:00am<\/td>\nUSD<\/td>\n<\/td>\nFlash Manufacturing PMI<\/td>\n<\/td>\n<\/td>\n51.6<\/td>\n52.1<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\nHPI m\/m<\/td>\n<\/td>\n<\/td>\n0.9%<\/td>\n0.7%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n10:00am<\/td>\nEUR<\/td>\n<\/td>\nConsumer Confidence<\/td>\n<\/td>\n<\/td>\n-22<\/td>\n-22<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\nNew Home Sales<\/td>\n<\/td>\n<\/td>\n429K<\/td>\n417K<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n10:30am<\/td>\nUSD<\/td>\n<\/td>\nNatural Gas Storage<\/td>\n<\/td>\n<\/td>\n90B<\/td>\n99B<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n3:30pm<\/td>\nEUR<\/td>\n<\/td>\nECB President Draghi Speaks<\/td>\n<\/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<\/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],"tags":[133,63,268,144],"class_list":["post-4927","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","tag-future-brokers","tag-future-trading","tag-futures-trading-company","tag-futures-trading-levels"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/4927","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=4927"}],"version-history":[{"count":8,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/4927\/revisions"}],"predecessor-version":[{"id":4931,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/4927\/revisions\/4931"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=4927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=4927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=4927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}