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1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Tuesday August 09, 2016
Hello Traders,
Summer trading at its best….8 points range on the Mini SP 500 during the primary session…As a trader, that can be pretty depressing. Few things you can do when stock index futures are “dead”:
In between, feel free to reach out to us here at Cannon with any questions, feedback and comments and let us know how we can help you achieve your goals!
Here is some good reading material for when the market is slow:
https://www.cannontrading.com/community/futures-market-ranking-30-market-events
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.
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Levels for 8.09.2016
| Contract Sept. 2016 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2191.17 | 4831.92 | 18575 | 1240.77 | 96.80 |
| Resistance 2 | 2187.08 | 4816.33 | 18541 | 1237.53 | 96.61 |
| Resistance 1 | 2181.42 | 4797.42 | 18503 | 1232.67 | 96.47 |
| Pivot | 2177.33 | 4781.83 | 18469 | 1229.43 | 96.28 |
| Support 1 | 2171.67 | 4762.92 | 18431 | 1224.57 | 96.14 |
| Support 2 | 2167.58 | 4747.33 | 18397 | 1221.33 | 95.95 |
| Support 3 | 2161.92 | 4728.42 | 18359 | 1216.47 | 95.81 |
| Contract | Aug. Gold | Sept. Silver | Sept. Crude Oil | Sept. Bonds | Sept. Euro |
| Resistance 3 | 1353.4 | 20.30 | 45.15 | 173 10/32 | 1.1153 |
| Resistance 2 | 1348.6 | 20.10 | 44.27 | 172 19/32 | 1.1138 |
| Resistance 1 | 1344.8 | 19.93 | 43.57 | 172 3/32 | 1.1120 |
| Pivot | 1340.0 | 19.72 | 42.69 | 171 12/32 | 1.1105 |
| Support 1 | 1336.2 | 19.55 | 41.99 | 170 28/32 | 1.1087 |
| Support 2 | 1331.4 | 19.35 | 41.11 | 170 5/32 | 1.1072 |
| Support 3 | 1327.6 | 19.18 | 40.41 | 169 21/32 | 1.1054 |
| Contract | Dec. Corn | Sept. Wheat | Nov. Beans | Dec. SoyMeal | Sept. Nat Gas |
| Resistance 3 | 342.8 | 435.2 | 1006.00 | 347.93 | 2.83 |
| Resistance 2 | 339.9 | 429.3 | 996.00 | 342.47 | 2.79 |
| Resistance 1 | 337.3 | 423.2 | 990.50 | 337.43 | 2.77 |
| Pivot | 334.4 | 417.3 | 980.50 | 331.97 | 2.74 |
| Support 1 | 331.8 | 411.2 | 975.0 | 326.9 | 2.7 |
| Support 2 | 328.9 | 405.3 | 965.00 | 321.47 | 2.68 |
| Support 3 | 326.3 | 399.2 | 959.50 | 316.43 | 2.66 |
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 4:15pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| TueAug 9 | 2:00am | EUR |
German Trade Balance
|
23.2B | 22.2B | ||||
| 2:45am | EUR |
French Gov Budget Balance
|
-65.7B | ||||||
| 4:30am | GBP |
Manufacturing Production m/m
|
0.0% | -0.5% | |||||
| GBP |
Goods Trade Balance
|
-9.6B | -9.9B | ||||||
| GBP |
Industrial Production m/m
|
-0.1% | -0.5% | ||||||
| 6:00am | USD |
NFIB Small Business Index
|
94.5 | 94.5 | |||||
| 8:30am | USD |
Prelim Nonfarm Productivity q/q
|
0.5% | -0.6% | |||||
| USD |
Prelim Unit Labor Costs q/q
|
1.8% | 4.5% | ||||||
| 10:00am | GBP |
NIESR GDP Estimate
|
0.6% | ||||||
| USD |
IBD/TIPP Economic Optimism
|
46.2 | 45.5 | ||||||
| USD |
Wholesale Inventories m/m
|
0.0% | 0.1% |
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