{"id":5007,"date":"2013-06-19T12:13:13","date_gmt":"2013-06-19T20:13:13","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=5007"},"modified":"2014-09-15T22:53:07","modified_gmt":"2014-09-16T06:53:07","slug":"futures-trading-levels-and-economic-reports-for-june-20-2013","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/futures-trading-levels-and-economic-reports-for-june-20-2013\/","title":{"rendered":"Futures Trading Levels and Economic Reports for June 20, 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 Thursday June 20, 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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Another FOMC meeting is behind us and while traders try to read between the lines and get an idea for the FED future actions, the markets are reacting with some volatility and big initial moves.<\/b><\/p>\n

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Currencies, metals, interest rates, Stock Indices dropped significantly.<\/b><\/p>\n

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<\/b>In the past I have seen the real reaction to follow the next day, so i will pay attention to markets direction and closing prices tomorrow in hope of getting a feel for the medium term direction.<\/b><\/p>\n

In my opinion, US Bond futures will be the leader of the next move. All eyes are on the FED and their QE program\/ bond buying program. This has been the major force behind the markets for many months.<\/p>\n

Bonds have reached what I call GO\/ NO GO level. A critical decision level as you can see from looking at the daily chart below.<\/p>\n

Currently the market is sitting on a support\/ potential double bottom level at 137.25 area. If market starts trading below that and stay below the 138 level, we may see a new range and another leg down for bond futures. If the market bounces from this level and starts trading higher, this may signal that the 137.25 area is a strong support level, a strong demand level and we may see a counter wave move going higher. I think that price action over next two days will provide better clues.<\/p>\n

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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

 <\/p>\n

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

<\/div>\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 Sept. 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>\n1666.83<\/td>\n3030.83<\/td>\n15429<\/td>\n1010.77<\/td>\n83.01<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1657.92<\/td>\n3014.92<\/td>\n15354<\/td>\n1004.83<\/td>\n82.34<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1641.08<\/td>\n2986.08<\/td>\n15205<\/td>\n993.97<\/td>\n81.96<\/td>\n<\/tr>\n
Pivot<\/td>\n1632.17<\/td>\n2970.17<\/td>\n15130<\/td>\n988.03<\/td>\n81.29<\/td>\n<\/tr>\n
Support 1<\/td>\n1615.33<\/td>\n2941.33<\/td>\n14981<\/td>\n977.17<\/td>\n80.91<\/td>\n<\/tr>\n
Support 2<\/td>\n1606.42<\/td>\n2925.42<\/td>\n14906<\/td>\n971.23<\/td>\n80.24<\/td>\n<\/tr>\n
Support 3<\/td>\n1589.58<\/td>\n2896.58<\/td>\n14757<\/td>\n960.37<\/td>\n79.86<\/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>\nAugust Crude Oil<\/a><\/td>\nSept. Bonds\u00a0<\/a><\/td>\nSept. Euro<\/a><\/td>\n<\/tr>\n
Resistance 3<\/td>\n1396.0<\/td>\n2236.0<\/td>\n100.46<\/td>\n141 20\/32<\/td>\n1.3538<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1386.0<\/td>\n2210.5<\/td>\n99.83<\/td>\n140 24\/32<\/td>\n1.3481<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1368.5<\/td>\n2170.0<\/td>\n99.03<\/td>\n139\u00a0\u00a08\/32<\/td>\n1.3382<\/td>\n<\/tr>\n
Pivot<\/td>\n1358.5<\/td>\n2144.5<\/td>\n98.40<\/td>\n138 12\/32<\/td>\n1.3325<\/td>\n<\/tr>\n
Support 1<\/td>\n1341.0<\/td>\n2104.0<\/td>\n97.60<\/td>\n136 28\/32<\/td>\n1.3226<\/td>\n<\/tr>\n
Support 2<\/td>\n1331.0<\/td>\n2078.5<\/td>\n96.97<\/td>\n136<\/td>\n1.3169<\/td>\n<\/tr>\n
Support 3<\/td>\n1313.5<\/td>\n2038.0<\/td>\n96.17<\/td>\n134 16\/32<\/td>\n1.3070<\/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>\nNov.Beans<\/a><\/td>\nDec. SoyMeal<\/a><\/td>\nJuly bean Oil<\/a><\/td>\n<\/tr>\n
Resistance 3<\/td>\n706.8<\/td>\n737.2<\/td>\n1349.17<\/td>\n463.67<\/td>\n50.20<\/td>\n<\/tr>\n
Resistance 2<\/td>\n695.3<\/td>\n722.3<\/td>\n1332.58<\/td>\n459.73<\/td>\n49.85<\/td>\n<\/tr>\n
Resistance 1<\/td>\n688.8<\/td>\n714.7<\/td>\n1321.67<\/td>\n456.67<\/td>\n49.60<\/td>\n<\/tr>\n
Pivot<\/td>\n677.3<\/td>\n699.8<\/td>\n1305.08<\/td>\n452.73<\/td>\n49.25<\/td>\n<\/tr>\n
Support 1<\/td>\n670.8<\/td>\n692.2<\/td>\n1294.2<\/td>\n449.7<\/td>\n49.0<\/td>\n<\/tr>\n
Support 2<\/td>\n659.3<\/td>\n677.3<\/td>\n1277.58<\/td>\n445.73<\/td>\n48.65<\/td>\n<\/tr>\n
Support 3<\/td>\n652.8<\/td>\n669.7<\/td>\n1266.67<\/td>\n442.67<\/td>\n48.40<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
<\/div>\n
For complete contract specifications for the futures markets listed above\u00a0click here!<\/a><\/div>\n
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<\/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\n
Date<\/th>\n4:08pm<\/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
ThuJun 20<\/td>\n<\/a>\u00a02:00am<\/td>\nEUR<\/td>\n<\/td>\nGerman PPI m\/m<\/td>\n<\/td>\n<\/td>\n0.0%<\/td>\n-0.2%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n3:00am<\/td>\nEUR<\/td>\n<\/td>\nFrench Flash Manufacturing PMI<\/td>\n<\/td>\n<\/td>\n47.1<\/td>\n46.4<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\nFrench Flash Services PMI<\/td>\n<\/td>\n<\/td>\n45.0<\/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>\n49.9<\/td>\n49.4<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\nGerman Flash Services PMI<\/td>\n<\/td>\n<\/td>\n50.1<\/td>\n49.7<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n4:00am<\/td>\nEUR<\/td>\n<\/td>\nFlash Manufacturing PMI<\/td>\n<\/td>\n<\/td>\n48.6<\/td>\n48.3<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\nFlash Services PMI<\/td>\n<\/td>\n<\/td>\n47.7<\/td>\n47.2<\/td>\n<\/td>\n<\/tr>\n
<\/td>\nTentative<\/td>\nEUR<\/td>\n<\/td>\nSpanish 10-y Bond Auction<\/td>\n<\/td>\n<\/td>\n<\/td>\n4.52|2.5<\/td>\n<\/td>\n<\/tr>\n
<\/td>\nAll Day<\/td>\nEUR<\/td>\n<\/td>\nEurogroup Meetings<\/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>\n343K<\/td>\n334K<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n9:00am<\/td>\nUSD<\/td>\n<\/td>\nFlash Manufacturing PMI<\/td>\n<\/td>\n<\/td>\n52.5<\/td>\n52.3<\/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>\nExisting Home Sales<\/td>\n<\/td>\n<\/td>\n5.01M<\/td>\n4.97M<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\nPhilly Fed Manufacturing Index<\/td>\n<\/td>\n<\/td>\n-0.6<\/td>\n-5.2<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\nCB Leading Index m\/m<\/td>\n<\/td>\n<\/td>\n0.2%<\/td>\n0.6%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n10:30am<\/td>\nUSD<\/td>\n<\/td>\nNatural Gas Storage<\/td>\n<\/td>\n<\/td>\n89B<\/td>\n95B<\/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
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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-5007","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\/5007","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=5007"}],"version-history":[{"count":7,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/5007\/revisions"}],"predecessor-version":[{"id":5011,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/5007\/revisions\/5011"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=5007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=5007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=5007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}