{"id":7197,"date":"2014-07-23T12:54:30","date_gmt":"2014-07-23T20:54:30","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=7197"},"modified":"2015-01-08T12:10:05","modified_gmt":"2015-01-08T20:10:05","slug":"futures-levels-economic-reports-7-24-2014","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/futures-levels-economic-reports-7-24-2014\/","title":{"rendered":"Futures Levels and Economic Reports 7.24.2014"},"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.\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 July 24, 2014<\/a><\/strong>
\n<\/a><\/p>\n

Hello Traders,<\/strong><\/p>\n

For 2014 I would like to wish all of you discipline and patience in your trading!<\/em><\/p>\n

\n
Voted #1 futures trading blog!\u00a0<\/a><\/div>\n<\/div>\n
\n

Getting Clues from other markets?<\/p>\n

When day trading a specific market do you only look at the chart for that specific market? Maybe you took it a step further and you are viewing multiple time frame charts for the same market which is a good step in my eyes.<\/p>\n

Now lets take this even one step further by observing what markets have correlation, direct or inverse to the market you are trading, perhaps this can help you make decisions when trading<\/a>.<\/p>\n

I will give a few examples from my experience:<\/p>\n

When I am in a position in the mini SP 500<\/a>, I will often observe what the bonds are doing ( many times inverse correlation), I will take notice of what the Dow, Russell and NASDAQ are doing as well ( direct correlation).<\/p>\n

If I am trading crude oil, I will many times pay attention to what unleaded gas and heating oil are doing (very close, although not direct correlation) as well as what WTI crude is doing.<\/p>\n

One more example may be when I have a position trade in beans and I will try to get a feel for the overall direction of the grain markets (is there a trend? are they sideways?) by looking at corn, wheat in general and then look to see what bean oil and soy meal which are by products of beans are doing.<\/p>\n

One question that can be asked is “what do you mean observe this or that market”? and a good example will be:<\/p>\n

Lets say I am short the mini SP 500<\/strong> and I am not sure if to take profit or not. I look at the mini Russell and see that mini Russell just made new lows, that will give me more confidence to stay in my short position as I feel there might be more room to the downside.<\/p>\n

<\/p>\n

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

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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. \u00a0Past performance is not indicative to future results.<\/p>\n

If you like Our Futures Trading Daily Support and Resistance Levels, Please share! <\/strong><\/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. 2014<\/td>\nSP500<\/td>\nNasdaq100<\/td>\nDow Jones<\/td>\nMini Russell<\/td>\nDollar Index<\/td>\n<\/tr>\n
Resistance 3<\/td>\n1996.33<\/td>\n4029.08<\/td>\n17140<\/td>\n1170.00<\/td>\n81.06<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1989.92<\/td>\n4006.17<\/td>\n17103<\/td>\n1164.70<\/td>\n80.99<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1985.58<\/td>\n3990.08<\/td>\n17065<\/td>\n1159.40<\/td>\n80.95<\/td>\n<\/tr>\n
Pivot<\/td>\n1979.17<\/td>\n3967.17<\/td>\n17028<\/td>\n1154.10<\/td>\n80.88<\/td>\n<\/tr>\n
Support 1<\/td>\n1974.83<\/td>\n3951.08<\/td>\n16990<\/td>\n1148.80<\/td>\n80.83<\/td>\n<\/tr>\n
Support 2<\/td>\n1968.42<\/td>\n3928.17<\/td>\n16953<\/td>\n1143.50<\/td>\n80.76<\/td>\n<\/tr>\n
Support 3<\/td>\n1964.08<\/td>\n3912.08<\/td>\n16915<\/td>\n1138.20<\/td>\n80.72<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nAugust Gold<\/td>\nSept.Silver<\/td>\nSept. Crude Oil<\/td>\nSeptember Bonds<\/td>\nSept. Euro<\/td>\n<\/tr>\n
Resistance 3<\/td>\n1318.7<\/td>\n2123.8<\/td>\n105.18<\/td>\n139 1\/32<\/td>\n1.3494<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1315.2<\/td>\n2117.2<\/td>\n104.26<\/td>\n138 30\/32<\/td>\n1.3485<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1310.4<\/td>\n2107.3<\/td>\n103.63<\/td>\n138 23\/32<\/td>\n1.3474<\/td>\n<\/tr>\n
Pivot<\/td>\n1306.9<\/td>\n2100.7<\/td>\n102.71<\/td>\n138 20\/32<\/td>\n1.3465<\/td>\n<\/tr>\n
Support 1<\/td>\n1302.1<\/td>\n2090.8<\/td>\n102.08<\/td>\n138 13\/32<\/td>\n1.3454<\/td>\n<\/tr>\n
Support 2<\/td>\n1298.6<\/td>\n2084.2<\/td>\n101.16<\/td>\n138 10\/32<\/td>\n1.3445<\/td>\n<\/tr>\n
Support 3<\/td>\n1293.8<\/td>\n2074.3<\/td>\n100.53<\/td>\n138 3\/32<\/td>\n1.3434<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nDec Corn<\/td>\nSept. Wheat<\/td>\nNov. Beans<\/td>\nDec. SoyMeal<\/td>\nDec. bean Oil<\/td>\n<\/tr>\n
Resistance 3<\/td>\n377.3<\/td>\n537.8<\/td>\n1101.83<\/td>\n359.30<\/td>\n36.75<\/td>\n<\/tr>\n
Resistance 2<\/td>\n374.3<\/td>\n534.4<\/td>\n1089.67<\/td>\n354.10<\/td>\n36.55<\/td>\n<\/tr>\n
Resistance 1<\/td>\n372.5<\/td>\n532.6<\/td>\n1083.08<\/td>\n350.70<\/td>\n36.45<\/td>\n<\/tr>\n
Pivot<\/td>\n369.5<\/td>\n529.2<\/td>\n1070.92<\/td>\n345.50<\/td>\n36.25<\/td>\n<\/tr>\n
Support 1<\/td>\n367.8<\/td>\n527.3<\/td>\n1064.3<\/td>\n342.1<\/td>\n36.2<\/td>\n<\/tr>\n
Support 2<\/td>\n364.8<\/td>\n523.9<\/td>\n1052.17<\/td>\n336.90<\/td>\n35.95<\/td>\n<\/tr>\n
Support 3<\/td>\n363.0<\/td>\n522.1<\/td>\n1045.58<\/td>\n333.50<\/td>\n35.85<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
<\/div>\n
<\/div>\n
Economic Reports<\/strong><\/span><\/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
Date<\/th>\n4:51pm<\/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
ThuJul 24<\/td>\n<\/a>\u00a03:00am<\/td>\nEUR<\/td>\n<\/td>\nFrench Flash Manufacturing PMI<\/td>\n<\/td>\n<\/td>\n48.5<\/td>\n48.2<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\nFrench Flash Services PMI<\/td>\n<\/td>\n<\/td>\n48.9<\/td>\n48.2<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\nSpanish Unemployment Rate<\/td>\n<\/td>\n<\/td>\n25.9%<\/td>\n25.9%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n3:30am<\/td>\nEUR<\/td>\n<\/td>\nGerman Flash Manufacturing PMI<\/td>\n<\/td>\n<\/td>\n52.2<\/td>\n52.0<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\nGerman Flash Services PMI<\/td>\n<\/td>\n<\/td>\n54.7<\/td>\n54.6<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n4:00am<\/td>\nEUR<\/td>\n<\/td>\nFlash Manufacturing PMI<\/td>\n<\/td>\n<\/td>\n52.0<\/td>\n51.8<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\nFlash Services PMI<\/td>\n<\/td>\n<\/td>\n52.7<\/td>\n52.8<\/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>\n0.4%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n8:30am<\/td>\nUSD<\/td>\n<\/td>\nUnemployment Claims<\/td>\n<\/td>\n<\/td>\n310K<\/td>\n302K<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n9:45am<\/td>\nUSD<\/td>\n<\/td>\nFlash Manufacturing PMI<\/td>\n<\/td>\n<\/td>\n57.5<\/td>\n57.3<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n10:00am<\/td>\nUSD<\/td>\n<\/td>\nNew Home Sales<\/td>\n<\/td>\n<\/td>\n485K<\/td>\n504K<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n10:30am<\/td>\nUSD<\/td>\n<\/td>\nNatural Gas Storage<\/td>\n<\/td>\n<\/td>\n95B<\/td>\n107B<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n


\n<\/span>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 here in 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.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed. 1.\u00a0Market Commentary 2.\u00a0Futures 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 Thursday […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[119,67,61,344],"tags":[95,345,102],"class_list":["post-7197","post","type-post","status-publish","format-standard","hentry","category-crude-oil","category-future-trading-news","category-futures-trading-2","category-indices","tag-crude-oil-futures-trading","tag-e-mini-mini-sp-500","tag-mini-sp-500"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/7197","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=7197"}],"version-history":[{"count":4,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/7197\/revisions"}],"predecessor-version":[{"id":7199,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/7197\/revisions\/7199"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=7197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=7197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=7197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}