{"id":5705,"date":"2013-07-23T12:20:38","date_gmt":"2013-07-23T20:20:38","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=5705"},"modified":"2017-10-16T06:01:12","modified_gmt":"2017-10-16T14:01:12","slug":"futures-trading-levels-and-economic-reports-for-july-24-2013","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/futures-trading-levels-and-economic-reports-for-july-24-2013\/","title":{"rendered":"Futures Trading Levels and Economic Reports for July 24, 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 July 24, 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>\u00a0<\/b><\/p>\n

\n

I must admit that stock index futures ( and the most popular one, the mini SP 500 or ESU3) are quite confusing for me these days….I am not getting a good read and the low volume ( notice at the bottom of the chart how much lower volume is the last few weeks) is adding to this confusion. Using some Fibonacci extensions, I am looking at a possible resistance at 1708.75 but it will be tempting to try the short side if the market can break 1675.00. In between, my personal opinion is to stay out if you are a swing trader as I dont see any swings yet….on the other hand if you are a day trader, mark your chart with important levels, get a feel for the early volume and try to asses early enough if the trading day going to be quiet and narrow like today or if there is chances for wider ranges and higher volatility like we witnessed few weeks ago.<\/p>\n

Not an easy job. In between daily chart for your review below.<\/p>\n

On a different note: I am getting very nice feedback on the content of this blog from clients as well as prospects and I appreciate it! In return I would like to ask you to take a few minutes and post positive reviews on:<\/p>\n

Yelp<\/a><\/div>\n
Google Plus<\/a>\u00a0 ( you need to be logged in to your gmail account first)<\/div>\n
I thank you in advance and hope you take a few minutes to do so.<\/div>\n

Daily mini SP 500 chart for your review:<\/p>\n

\"EP
EP – E Mini S&P 500, Equalized Active Daily Continuation<\/figcaption><\/figure>\n

<\/p>\n

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You like the information we share?\u00a0We would appreciate your positive reviews on Google+ , Facebook, Yelp etc…use the icons below to share, recommend, review us and more!<\/p>\n<\/div>\n<\/div>\n

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\"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<\/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

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 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>\n1703.83<\/td>\n3088.50<\/td>\n15610<\/td>\n1064.53<\/td>\n82.82<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1699.67<\/td>\n3074.25<\/td>\n15579<\/td>\n1060.77<\/td>\n82.64<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1694.33<\/td>\n3052.00<\/td>\n15549<\/td>\n1056.03<\/td>\n82.36<\/td>\n<\/tr>\n
Pivot<\/td>\n1690.17<\/td>\n3037.75<\/td>\n15518<\/td>\n1052.27<\/td>\n82.18<\/td>\n<\/tr>\n
Support 1<\/td>\n1684.83<\/td>\n3015.50<\/td>\n15488<\/td>\n1047.53<\/td>\n81.90<\/td>\n<\/tr>\n
Support 2<\/td>\n1680.67<\/td>\n3001.25<\/td>\n15457<\/td>\n1043.77<\/td>\n81.72<\/td>\n<\/tr>\n
Support 3<\/td>\n1675.33<\/td>\n2979.00<\/td>\n15427<\/td>\n1039.03<\/td>\n81.44<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nAugust Gold<\/a><\/td>\nSept. Silver<\/a><\/td>\nSept. Crude Oil<\/a><\/td>\nSept. Bonds\u00a0<\/a><\/td>\nSept. Euro<\/a><\/td>\n<\/tr>\n
Resistance 3<\/td>\n1371.6<\/td>\n2117.8<\/td>\n109.85<\/td>\n136 21\/32<\/td>\n1.3336<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1359.0<\/td>\n2088.7<\/td>\n108.64<\/td>\n136\u00a0\u00a05\/32<\/td>\n1.3289<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1350.8<\/td>\n2066.3<\/td>\n107.87<\/td>\n135 23\/32<\/td>\n1.3259<\/td>\n<\/tr>\n
Pivot<\/td>\n1338.2<\/td>\n2037.2<\/td>\n106.66<\/td>\n135\u00a0\u00a07\/32<\/td>\n1.3212<\/td>\n<\/tr>\n
Support 1<\/td>\n1330.0<\/td>\n2014.8<\/td>\n105.89<\/td>\n134 25\/32<\/td>\n1.3182<\/td>\n<\/tr>\n
Support 2<\/td>\n1317.4<\/td>\n1985.7<\/td>\n104.68<\/td>\n134\u00a0\u00a09\/32<\/td>\n1.3135<\/td>\n<\/tr>\n
Support 3<\/td>\n1309.2<\/td>\n1963.3<\/td>\n103.91<\/td>\n133 27\/32<\/td>\n1.3105<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nDec Corn<\/a><\/td>\nSept. Wheat<\/a><\/td>\nNov.Beans<\/a><\/td>\nDec. SoyMeal<\/a><\/td>\nDec. bean Oil<\/a><\/td>\n<\/tr>\n
Resistance 3<\/td>\n499.2<\/td>\n658.5<\/td>\n1303.50<\/td>\n402.97<\/td>\n45.49<\/td>\n<\/tr>\n
Resistance 2<\/td>\n495.3<\/td>\n657.3<\/td>\n1294.75<\/td>\n398.13<\/td>\n45.31<\/td>\n<\/tr>\n
Resistance 1<\/td>\n490.4<\/td>\n655.5<\/td>\n1277.50<\/td>\n389.47<\/td>\n45.00<\/td>\n<\/tr>\n
Pivot<\/td>\n486.6<\/td>\n654.3<\/td>\n1268.75<\/td>\n384.63<\/td>\n44.82<\/td>\n<\/tr>\n
Support 1<\/td>\n481.7<\/td>\n652.5<\/td>\n1251.5<\/td>\n376.0<\/td>\n44.5<\/td>\n<\/tr>\n
Support 2<\/td>\n477.8<\/td>\n651.3<\/td>\n1242.75<\/td>\n371.13<\/td>\n44.33<\/td>\n<\/tr>\n
Support 3<\/td>\n472.9<\/td>\n649.5<\/td>\n1225.50<\/td>\n362.47<\/td>\n44.02<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
For complete contract specifications for the futures markets listed above\u00a0click here!<\/a><\/div>\n

5. Economic Reports<\/strong><\/p>\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
Date<\/th>\n4:19pm<\/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
WedJul 24<\/td>\n<\/a>\u00a03:00am<\/td>\nEUR<\/td>\n<\/td>\nFrench Flash Manufacturing PMI<\/td>\n<\/td>\n<\/td>\n48.9<\/td>\n48.4<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\nFrench Flash Services PMI<\/td>\n<\/td>\n<\/td>\n47.7<\/td>\n47.2<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n3:30am<\/td>\nEUR<\/td>\n<\/td>\nGerman Flash Manufacturing PMI<\/td>\n<\/td>\n<\/td>\n49.3<\/td>\n48.6<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\nGerman Flash Services PMI<\/td>\n<\/td>\n<\/td>\n50.9<\/td>\n50.4<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n4:00am<\/td>\nEUR<\/td>\n<\/td>\nFlash Manufacturing PMI<\/td>\n<\/td>\n<\/td>\n49.1<\/td>\n48.8<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\nFlash Services PMI<\/td>\n<\/td>\n<\/td>\n48.9<\/td>\n48.3<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\nItalian Retail Sales m\/m<\/td>\n<\/td>\n<\/td>\n0.4%<\/td>\n-0.1%<\/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>\n51.9<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n10:00am<\/td>\nUSD<\/td>\n<\/td>\nNew Home Sales<\/td>\n<\/td>\n<\/td>\n482K<\/td>\n476K<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n10:30am<\/td>\nUSD<\/td>\n<\/td>\nCrude Oil Inventories<\/td>\n<\/td>\n<\/td>\n-2.5M<\/td>\n-6.9M<\/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

 <\/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":[144,129],"class_list":["post-5705","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","tag-futures-trading-levels","tag-support-resistance-levels"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/5705","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=5705"}],"version-history":[{"count":6,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/5705\/revisions"}],"predecessor-version":[{"id":13331,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/5705\/revisions\/13331"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=5705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=5705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=5705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}