{"id":6067,"date":"2013-10-23T12:14:24","date_gmt":"2013-10-23T20:14:24","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=6067"},"modified":"2014-09-16T03:23:11","modified_gmt":"2014-09-16T11:23:11","slug":"futures-trading-levels-and-economic-reports-for-october-24-2013","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/futures-trading-levels-and-economic-reports-for-october-24-2013\/","title":{"rendered":"Futures Trading Levels and Economic Reports for October 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.\u00a0Futures 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 October 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><\/p>\n

\n
\n
So yesterday I mentioned a potential short on the mini NASDAQ which produced a few points today and I was asked why did I think we may see a correction today? The answer is based on mostly technical indicators and conditions I use and tested.The one that provided me with the trigger for a short yesterday after the close is based on the Bollinger bands study.I found out that stock index futures have “respect” for the bands…. and when we have a close outside the upper band, followed by a close below the higher band and also a low that is lower than the previous low, there is a good statistical chance for a correction towards the middle band. I marked that condition with a RED TRIANGLE on the chart.<\/p>\n

Obviously this condition is just that, a condition, something to give me personally a trade direction and a level of confidence to act upon it. Some times it works, others it does not and this is where the more important part of trading comes to play and that is trade management.<\/p>\n

Below is the updated mini NASDAQ chart with the bands, possible stops\/ target for review:<\/p>\n

As you can see the first target for this pull back was met at 3323, the second target if this works out will be 3307. The hard part at this point is where to bring the stop to?
\nkeep it at 3381 right above the recent high or bring it closer to entry level around 3356?
\nThe next few days will provide the answer as to which choice was better (-:<\/p>\n<\/div>\n

<\/div>\n
\"ENQ<\/div>\n
<\/div>\n<\/div>\n

If you like the information we share?\u00a0We would appreciate your positive reviews on our new yelp!!<\/a><\/p>\n<\/div>\n

\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

If you like Our Futures Trading Daily Support and Resistance Levels, Please share! <\/strong><\/p>\n

<\/div>\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 Dec. 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>\n1775.83<\/td>\n3418.08<\/td>\n15628<\/td>\n1132.70<\/td>\n80.33<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1765.17<\/td>\n3397.67<\/td>\n15543<\/td>\n1126.60<\/td>\n80.09<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1757.33<\/td>\n3378.83<\/td>\n15473<\/td>\n1119.80<\/td>\n79.70<\/td>\n<\/tr>\n
Pivot<\/td>\n1746.67<\/td>\n3358.42<\/td>\n15388<\/td>\n1113.70<\/td>\n79.47<\/td>\n<\/tr>\n
Support 1<\/td>\n1738.83<\/td>\n3339.58<\/td>\n15318<\/td>\n1106.90<\/td>\n79.08<\/td>\n<\/tr>\n
Support 2<\/td>\n1728.17<\/td>\n3319.17<\/td>\n15233<\/td>\n1100.80<\/td>\n78.84<\/td>\n<\/tr>\n
Support 3<\/td>\n1720.33<\/td>\n3300.33<\/td>\n15163<\/td>\n1094.00<\/td>\n78.45<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nDec. Gold<\/a><\/td>\nDec. Silver<\/a><\/td>\nDec. Crude Oil<\/a><\/td>\nDec. Bonds\u00a0<\/a><\/td>\nDec. Euro<\/a><\/td>\n<\/tr>\n
Resistance 3<\/td>\n1388.8<\/td>\n2387.3<\/td>\n101.83<\/td>\n136 28\/32<\/td>\n1.3960<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1366.7<\/td>\n2335.2<\/td>\n101.06<\/td>\n136<\/td>\n1.3877<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1353.6<\/td>\n2302.8<\/td>\n99.68<\/td>\n135 15\/32<\/td>\n1.3829<\/td>\n<\/tr>\n
Pivot<\/td>\n1331.5<\/td>\n2250.7<\/td>\n98.91<\/td>\n134 19\/32<\/td>\n1.3746<\/td>\n<\/tr>\n
Support 1<\/td>\n1318.4<\/td>\n2218.3<\/td>\n97.53<\/td>\n134\u00a0\u00a02\/32<\/td>\n1.3698<\/td>\n<\/tr>\n
Support 2<\/td>\n1296.3<\/td>\n2166.2<\/td>\n96.76<\/td>\n133\u00a0\u00a06\/32<\/td>\n1.3615<\/td>\n<\/tr>\n
Support 3<\/td>\n1283.2<\/td>\n2133.8<\/td>\n95.38<\/td>\n132 21\/32<\/td>\n1.3567<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nDec Corn<\/a><\/td>\nDec. Wheat<\/a><\/td>\nNov.Beans<\/a><\/td>\nDec. SoyMeal<\/a><\/td>\nDec. bean Oil<\/a><\/td>\n<\/tr>\n
Resistance 3<\/td>\n447.8<\/td>\n704.5<\/td>\n1317.83<\/td>\n425.10<\/td>\n41.97<\/td>\n<\/tr>\n
Resistance 2<\/td>\n445.4<\/td>\n703.8<\/td>\n1311.42<\/td>\n421.30<\/td>\n41.86<\/td>\n<\/tr>\n
Resistance 1<\/td>\n441.8<\/td>\n702.3<\/td>\n1306.83<\/td>\n418.70<\/td>\n41.69<\/td>\n<\/tr>\n
Pivot<\/td>\n439.4<\/td>\n701.5<\/td>\n1300.42<\/td>\n414.90<\/td>\n41.58<\/td>\n<\/tr>\n
Support 1<\/td>\n435.8<\/td>\n700.0<\/td>\n1295.8<\/td>\n412.3<\/td>\n41.4<\/td>\n<\/tr>\n
Support 2<\/td>\n433.4<\/td>\n699.3<\/td>\n1289.42<\/td>\n408.50<\/td>\n41.30<\/td>\n<\/tr>\n
Support 3<\/td>\n429.8<\/td>\n697.8<\/td>\n1284.83<\/td>\n405.90<\/td>\n41.13<\/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
<\/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

 <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Date<\/th>\n4:11pm<\/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
ThuOct 24<\/td>\n<\/a>\u00a03:00am<\/td>\nEUR<\/td>\n<\/td>\nFrench Flash Manufacturing PMI<\/td>\n<\/td>\n<\/td>\n50.3<\/td>\n49.8<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\nFrench Flash Services PMI<\/td>\n<\/td>\n<\/td>\n51.2<\/td>\n51.0<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\nSpanish Unemployment Rate<\/td>\n<\/td>\n<\/td>\n26.1%<\/td>\n26.3%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n3:30am<\/td>\nEUR<\/td>\n<\/td>\nGerman Flash Manufacturing PMI<\/td>\n<\/td>\n<\/td>\n51.6<\/td>\n51.1<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\nGerman Flash Services PMI<\/td>\n<\/td>\n<\/td>\n53.8<\/td>\n53.7<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n4:00am<\/td>\nEUR<\/td>\n<\/td>\nFlash Manufacturing PMI<\/td>\n<\/td>\n<\/td>\n51.4<\/td>\n51.1<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\nFlash Services PMI<\/td>\n<\/td>\n<\/td>\n52.3<\/td>\n52.2<\/td>\n<\/td>\n<\/tr>\n
<\/td>\nDay 1<\/td>\nEUR<\/td>\n<\/td>\nEU Economic Summit<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n8:30am<\/td>\nUSD<\/td>\n<\/td>\nTrade Balance<\/td>\n<\/td>\n<\/td>\n-39.4B<\/td>\n-39.1B<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n9:00am<\/td>\nUSD<\/td>\n<\/td>\nFlash Manufacturing PMI<\/td>\n<\/td>\n<\/td>\n52.8<\/td>\n52.8<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n10:00am<\/td>\nUSD<\/td>\n<\/td>\nNew Home Sales<\/td>\n<\/td>\n<\/td>\n427K<\/td>\n421K<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\nJOLTS Job Openings<\/td>\n<\/td>\n<\/td>\n3.77M<\/td>\n3.69M<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n10:30am<\/td>\nUSD<\/td>\n<\/td>\nNatural Gas Storage<\/td>\n<\/td>\n<\/td>\n80B<\/td>\n77B<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
\n