{"id":4954,"date":"2013-06-03T12:13:57","date_gmt":"2013-06-03T20:13:57","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=4954"},"modified":"2014-09-15T22:42:45","modified_gmt":"2014-09-16T06:42:45","slug":"futures-trading-levels-and-economic-reports-for-june-4-2013","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/futures-trading-levels-and-economic-reports-for-june-4-2013\/","title":{"rendered":"Futures Trading Levels and Economic Reports for June 4, 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 June 4, 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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Every so often something happens in the market that reinforces my personal belief that day-traders should use stops on each trade….I have traded before with clients and on behalf of clients where our thought was “lets see what the market does…..” WRONG!Yes, maybe 8 of 10 times, it turns out to be OK to “see what the market does” but the 1 or 2 times out of ten when all of a sudden, fed official is speaking, “fat finger accident” take place or just simply big volume, big move comes into the market and by the time we decide what to do we already took such a big loss is simply not worth it.<\/div>\n
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I wanted to share this personal opinion that each trader should have a stop each time they get into a trade because of the increase in volatility after a period of very low volatility, where the wait and see approach may have worked. I think that now we are entering a period of higher volatility where not having a stop in the system can be quite costly.<\/p>\n

I have seen a big, fast move happening in the bond\/ ten year market this past Friday. Noticed some big moves in the crude oil and gold markets these past few days and even the mini SP had some big, fast surprise moves.<\/p>\n

Stops are part of trading. Taking loses is part of trading. The sooner a trader learns to be realistic, use stops and accept losses, the better chances they have of survival.<\/p>\n

Survival is the first and must stage for any new futures trader.<\/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

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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>\n1662.50<\/td>\n3051.33<\/td>\n15428<\/td>\n1015.40<\/td>\n84.22<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1650.75<\/td>\n3023.17<\/td>\n15335<\/td>\n1004.20<\/td>\n83.82<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1644.25<\/td>\n3006.33<\/td>\n15285<\/td>\n997.00<\/td>\n83.26<\/td>\n<\/tr>\n
Pivot<\/td>\n1632.50<\/td>\n2978.17<\/td>\n15192<\/td>\n985.80<\/td>\n82.86<\/td>\n<\/tr>\n
Support 1<\/td>\n1626.00<\/td>\n2961.33<\/td>\n15142<\/td>\n978.60<\/td>\n82.30<\/td>\n<\/tr>\n
Support 2<\/td>\n1614.25<\/td>\n2933.17<\/td>\n15049<\/td>\n967.40<\/td>\n81.90<\/td>\n<\/tr>\n
Support 3<\/td>\n1607.75<\/td>\n2916.33<\/td>\n14999<\/td>\n960.20<\/td>\n81.34<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nAugust Gold<\/a><\/td>\nJuly Silver<\/a><\/td>\nJuly Crude Oil<\/a><\/td>\nSept. Bonds\u00a0<\/a><\/td>\nJune Euro<\/a><\/td>\n<\/tr>\n
Resistance 3<\/td>\n1450.8<\/td>\n2373.8<\/td>\n96.70<\/td>\n143 13\/32<\/td>\n1.3289<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1433.6<\/td>\n2332.7<\/td>\n95.20<\/td>\n142 13\/32<\/td>\n1.3199<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1422.6<\/td>\n2299.8<\/td>\n94.26<\/td>\n141 14\/32<\/td>\n1.3136<\/td>\n<\/tr>\n
Pivot<\/td>\n1405.4<\/td>\n2258.7<\/td>\n92.76<\/td>\n140 14\/32<\/td>\n1.3046<\/td>\n<\/tr>\n
Support 1<\/td>\n1394.4<\/td>\n2225.8<\/td>\n91.82<\/td>\n139 15\/32<\/td>\n1.2983<\/td>\n<\/tr>\n
Support 2<\/td>\n1377.2<\/td>\n2184.7<\/td>\n90.32<\/td>\n138 15\/32<\/td>\n1.2893<\/td>\n<\/tr>\n
Support 3<\/td>\n1366.2<\/td>\n2151.8<\/td>\n89.38<\/td>\n137 16\/32<\/td>\n1.2830<\/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>\n692.8<\/td>\n733.8<\/td>\n1552.33<\/td>\n470.33<\/td>\n49.11<\/td>\n<\/tr>\n
Resistance 2<\/td>\n680.9<\/td>\n722.9<\/td>\n1546.17<\/td>\n464.27<\/td>\n48.91<\/td>\n<\/tr>\n
Resistance 1<\/td>\n668.3<\/td>\n715.8<\/td>\n1539.33<\/td>\n459.33<\/td>\n48.79<\/td>\n<\/tr>\n
Pivot<\/td>\n656.4<\/td>\n704.9<\/td>\n1533.17<\/td>\n453.27<\/td>\n48.59<\/td>\n<\/tr>\n
Support 1<\/td>\n643.8<\/td>\n697.8<\/td>\n1526.3<\/td>\n448.3<\/td>\n48.5<\/td>\n<\/tr>\n
Support 2<\/td>\n631.9<\/td>\n686.9<\/td>\n1520.17<\/td>\n442.27<\/td>\n48.27<\/td>\n<\/tr>\n
Support 3<\/td>\n619.3<\/td>\n679.8<\/td>\n1513.33<\/td>\n437.33<\/td>\n48.15<\/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
Date<\/th>\n3:50pm<\/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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TueJun 4<\/td>\n<\/a>\u00a03:00am<\/td>\nEUR<\/td>\n<\/td>\nSpanish Unemployment Change<\/td>\n<\/td>\n<\/td>\n-50.2K<\/td>\n-46.1K<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n5:00am<\/td>\nEUR<\/td>\n<\/td>\nPPI m\/m<\/td>\n<\/td>\n<\/td>\n-0.2%<\/td>\n-0.2%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n8:30am<\/td>\nUSD<\/td>\n<\/td>\nTrade Balance<\/td>\n<\/td>\n<\/td>\n-41.1B<\/td>\n-38.8B<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n10:00am<\/td>\nUSD<\/td>\n<\/td>\nIBD\/TIPP Economic Optimism<\/td>\n<\/td>\n<\/td>\n50.2<\/td>\n45.1<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n1:30pm<\/td>\nUSD<\/td>\n<\/td>\nFOMC Member George 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<\/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<\/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-4954","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\/4954","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=4954"}],"version-history":[{"count":6,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/4954\/revisions"}],"predecessor-version":[{"id":4957,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/4954\/revisions\/4957"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=4954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=4954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=4954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}