{"id":9797,"date":"2015-03-04T13:21:41","date_gmt":"2015-03-04T21:21:41","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=9797"},"modified":"2015-11-26T22:45:22","modified_gmt":"2015-11-27T06:45:22","slug":"economic-reports-futures-levels-3-05-2015","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/economic-reports-futures-levels-3-05-2015\/","title":{"rendered":"Economic Reports & Futures Levels 3.05.2015"},"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 March 5, 2015<\/a><\/strong>
\n<\/a><\/p>\n

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

For 2015 I would like to wish all of you discipline and patience in your trading!<\/em><\/p>\n

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

I put this piece together for equities.com about spreads and futures spreads<\/a>.<\/b><\/p>\n

Although this specific spread I wrote about (long unleaded\/short heating oil) is nicely in the money and probably too late at these levels, I discuss some resources and ideas that are a good read for anyone looking to diversify their trading, perhaps add a different weapon other than day-trading<\/a> and in general:<\/p>\n<\/div>\n

\n
\n

Looking To Exploit Seasonal Balancing Within The Energy Sector<\/h1>\n
Futures spreads<\/strong> are another tool traders should be familiar with. In short, a spread will consist of being long one commodity and short another.<\/div>\n<\/div>\n
\n
\n
\n
\n

There are intra-commodity spreads, like being long May corn and short December corn, and there are inter-commodity spreads, like being long May wheat and short May corn.<\/p>\n

Personally, I like spreads. At times, they can offer a little more staying power. That does not mean that spreads are less risky, but in my opinion, they can provide a trader with more room to manuever.<\/p>\n

There is an excellent article about future spreads<\/strong> written by my colleague at\u00a0Cannon Trading<\/a>,\u00a0which you can read here<\/a>.\u00a0There is also a great source, called\u00a0MRCI<\/a>. The team at MRCI produces many different reports about seasonal tendencies, among other financial concerns. One of their reports is the monthly spread idea report.\u00a0This month, one spread in particular caught my eye. It is the long May\u00a0unleaded gas and short May heating oil<\/a>.<\/p>\n

Below is some of the logic shared by MRCI for this trade, which I am sharing with you:<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

– See more at:\u00a0http:\/\/www.equities.com\/editors-desk\/stocks\/energy\/looking-exploit-seasonal-balancing-in-energy-sector#sthash.8PaqG0PA.dpuf<\/a><\/div>\n<\/div>\n

<\/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

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


\nFutures 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 March 2015<\/td>\nSP500<\/td>\nNasdaq100<\/td>\nDow Jones<\/td>\nMini Russell<\/td>\nDollar Index<\/td>\n<\/tr>\n
Resistance 3<\/td>\n2125.58<\/td>\n4501.42<\/td>\n18352<\/td>\n1243.13<\/td>\n96.94<\/td>\n<\/tr>\n
Resistance 2<\/td>\n2115.17<\/td>\n4479.83<\/td>\n18269<\/td>\n1237.37<\/td>\n96.51<\/td>\n<\/tr>\n
Resistance 1<\/td>\n2106.08<\/td>\n4462.42<\/td>\n18179<\/td>\n1233.23<\/td>\n96.24<\/td>\n<\/tr>\n
Pivot<\/td>\n2095.67<\/td>\n4440.83<\/td>\n18096<\/td>\n1227.47<\/td>\n95.80<\/td>\n<\/tr>\n
Support 1<\/td>\n2086.58<\/td>\n4423.42<\/td>\n18006<\/td>\n1223.33<\/td>\n95.53<\/td>\n<\/tr>\n
Support 2<\/td>\n2076.17<\/td>\n4401.83<\/td>\n17923<\/td>\n1217.57<\/td>\n95.10<\/td>\n<\/tr>\n
Support 3<\/td>\n2067.08<\/td>\n4384.42<\/td>\n17833<\/td>\n1213.43<\/td>\n94.83<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nApr. Gold<\/td>\nMay Silver<\/td>\nApril Crude Oil<\/td>\nJune Bonds<\/td>\nMarch \u00a0 Euro<\/td>\n<\/tr>\n
Resistance 3<\/td>\n1216.3<\/td>\n16.64<\/td>\n55.05<\/td>\n160 2\/32<\/td>\n1.1279<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1212.4<\/td>\n16.50<\/td>\n53.52<\/td>\n159 23\/32<\/td>\n1.1233<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1205.6<\/td>\n16.34<\/td>\n52.66<\/td>\n159 8\/32<\/td>\n1.1155<\/td>\n<\/tr>\n
Pivot<\/td>\n1201.7<\/td>\n16.20<\/td>\n51.13<\/td>\n158 29\/32<\/td>\n1.1109<\/td>\n<\/tr>\n
Support 1<\/td>\n1194.9<\/td>\n16.03<\/td>\n50.27<\/td>\n158 14\/32<\/td>\n1.1031<\/td>\n<\/tr>\n
Support 2<\/td>\n1191.0<\/td>\n15.89<\/td>\n48.74<\/td>\n158 3\/32<\/td>\n1.0985<\/td>\n<\/tr>\n
Support 3<\/td>\n1184.2<\/td>\n15.73<\/td>\n47.88<\/td>\n157 20\/32<\/td>\n1.0907<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nMay Corn<\/td>\nMay Wheat<\/td>\nMay Beans<\/td>\nMay SoyMeal<\/td>\nMay bean Oil<\/td>\n<\/tr>\n
Resistance 3<\/td>\n393.6<\/td>\n496.0<\/td>\n1009.00<\/td>\n338.93<\/td>\n33.23<\/td>\n<\/tr>\n
Resistance 2<\/td>\n391.7<\/td>\n496.0<\/td>\n1006.00<\/td>\n336.37<\/td>\n33.02<\/td>\n<\/tr>\n
Resistance 1<\/td>\n390.6<\/td>\n496.0<\/td>\n1000.00<\/td>\n331.73<\/td>\n32.62<\/td>\n<\/tr>\n
Pivot<\/td>\n388.7<\/td>\n496.0<\/td>\n997.00<\/td>\n329.17<\/td>\n32.41<\/td>\n<\/tr>\n
Support 1<\/td>\n387.6<\/td>\n496.0<\/td>\n991.0<\/td>\n324.5<\/td>\n32.0<\/td>\n<\/tr>\n
Support 2<\/td>\n385.7<\/td>\n496.0<\/td>\n988.00<\/td>\n321.97<\/td>\n31.80<\/td>\n<\/tr>\n
Support 3<\/td>\n384.6<\/td>\n496.0<\/td>\n982.00<\/td>\n317.33<\/td>\n31.40<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
<\/div>\n
<\/div>\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
Date<\/th>\n4:12pm<\/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
ThuMar 5<\/td>\n<\/a>\u00a02:00am<\/td>\nEUR<\/td>\n<\/td>\nGerman Factory Orders m\/m<\/td>\n<\/td>\n<\/td>\n-1.0%<\/td>\n4.2%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n4:10am<\/td>\nEUR<\/td>\n<\/td>\nRetail PMI<\/td>\n<\/td>\n<\/td>\n<\/td>\n46.6<\/td>\n<\/td>\n<\/tr>\n
<\/td>\nTentative<\/td>\nEUR<\/td>\n<\/td>\nFrench 10-y Bond Auction<\/td>\n<\/td>\n<\/td>\n<\/td>\n0.61|1.9<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n7:30am<\/td>\nUSD<\/td>\n<\/td>\nChallenger Job Cuts y\/y<\/td>\n<\/td>\n<\/td>\n<\/td>\n17.6%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n7:45am<\/td>\nEUR<\/td>\n<\/td>\nMinimum Bid Rate<\/td>\n<\/td>\n<\/td>\n0.05%<\/td>\n0.05%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n8:30am<\/td>\nEUR<\/td>\n<\/td>\nECB Press Conference<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\nUnemployment Claims<\/td>\n<\/td>\n<\/td>\n293K<\/td>\n313K<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\nRevised Nonfarm Productivity q\/q<\/td>\n<\/td>\n<\/td>\n-2.3%<\/td>\n-1.8%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\nRevised Unit Labor Costs q\/q<\/td>\n<\/td>\n<\/td>\n3.3%<\/td>\n2.7%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n10:00am<\/td>\nUSD<\/td>\n<\/td>\nFOMC Member Williams Speaks<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\nFactory Orders m\/m<\/td>\n<\/td>\n<\/td>\n0.2%<\/td>\n-3.4%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n10:30am<\/td>\nUSD<\/td>\n<\/td>\nNatural Gas Storage<\/td>\n<\/td>\n<\/td>\n-224B<\/td>\n-219B<\/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 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.
\n<\/em><\/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":[67,61],"tags":[772,773],"class_list":["post-9797","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","category-futures-trading-2","tag-future-spreads","tag-future-trading-spreads"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/9797","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=9797"}],"version-history":[{"count":6,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/9797\/revisions"}],"predecessor-version":[{"id":9831,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/9797\/revisions\/9831"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=9797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=9797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=9797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}