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Support & Resistance Levels Daily Support & Resistance Levels

This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.


Equities – Driven by Trump? 1.24.2017

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*  Equities: Driven by Trump or Macroeconomics?

Since Election Day on Nov. 8, stocks have been on a tear. However, not all sectors have performed equally well. The best performers have been the financial, energy, industrial, and materials sectors. Others, notably utilities and consumer staples, have lagged (Figure 1).

The powerful post-election sector rotation has given rise to the notion that highly-regulated industries have outperformed, perhaps in part, because markets anticipate a lighter regulatory touch by the incoming administration that will benefit them.  While this narrative may contain some truth, our research indicates that it is far from being a complete explanation.

Read the Full Article

** Please vote! the competition ends January 31st and you can vote every day, even if you voted before.

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GOOD TRADING

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.

If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

Futures Trading Levels

Levels for Trade Date of 01.24.2017

Contract March 2017  SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2284.67 5118.42 19888 1370.73 101.21
Resistance 2 2276.08 5094.08 19829 1362.77 100.98
Resistance 1 2268.92 5078.92 19783 1354.93 100.56
Pivot 2260.33 5054.58 19724 1346.97 100.33
Support 1 2253.17 5039.42 19678 1339.13 99.91
Support 2 2244.58 5015.08 19619 1331.17 99.68
Support 3 2237.42 4999.92 19573 1323.33 99.26
Contract Feb. Gold March Silver Mar. Crude Oil Mar.  Bonds March  Euro
Resistance 3 1230.9 17.51 54.75 154 18/32 1.0841
Resistance 2 1225.1 17.40 54.11 153 17/32 1.0809
Resistance 1 1220.5 17.30 53.49 152 22/32 1.0789
Pivot 1214.7 17.19 52.85 151 21/32 1.0757
Support 1 1210.1 17.09 52.23 150 26/32 1.0737
Support 2 1204.3 16.98 51.59 149 25/32 1.0705
Support 3 1199.7 16.88 50.97 148 30/32 1.0685
Contract March  Corn March Wheat Mar. Beans March SoyMeal Feb. Nat Gas
Resistance 3 372.6 441.4 1072.33 356.17 3.45
Resistance 2 371.2 437.6 1068.42 352.83 3.36
Resistance 1 370.3 435.4 1063.08 348.17 3.32
Pivot 368.9 431.6 1059.17 344.83 3.23
Support 1 368.1 429.4 1053.8 340.2 3.2
Support 2 366.7 425.6 1049.92 336.83 3.10
Support 3 365.8 423.4 1044.58 332.17 3.05

All times are Eastern time Zone (EST)

source:http://www.forexfactory.com/calendar.php

Date 3:35pm Currency Impact Detail Actual Forecast Previous Graph
TueJan 24  3:00am EUR
French Flash Manufacturing PMI
53.4 53.5
EUR
French Flash Services PMI
53.2 52.9
3:30am EUR
German Flash Manufacturing PMI
55.5 55.6
EUR
German Flash Services PMI
54.6 54.3
4:00am EUR
Flash Manufacturing PMI
54.8 54.9
EUR
Flash Services PMI
53.9 53.7
4:30am GBP
EU Membership Court Ruling
GBP
Public Sector Net Borrowing
6.7B 12.2B
9:45am USD
Flash Manufacturing PMI
54.6 54.3
10:00am USD
Existing Home Sales
5.54M 5.61M
USD
Richmond Manufacturing Index
7 8

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. 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 judgement in trading.

Tags: Posted in: Future Trading News  

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Gold is Sitting on Decision Junction 1.20.2017

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   Volatility in many markets has been extremely low!! Stock index futures especially. I really don’t have an explanation…bit odd but as I mentioned over this blog many times before, it is a cycle. Neither low volatility, nor high volatility can last for ever. It is like a compressed spring that eventually has to expand….So be ready when volatility changes and the trading environment changes accordingly.

 ** Chart of gold futures below for your review. Gold is sitting on a decision point. It bounced very nicely off the lows made back on Dec. 15th and backed off resistance at 1218. The longer term trend is down, however the immediate trend is up….Should provide for some interesting price action!

Gold Futures Chart
 
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** Please vote! the competition ends January 31st and you can vote every day, even if you voted before.

Cannon Trading at 2016 Star Awards by Trader Planet Vote for Cannon Trading at 2016 Star Awards by Trader Planet

GOOD TRADING

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.

If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

Futures Trading Levels

Levels for Trade Date of 01.20.2017

Contract March 2017 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2285.17 5108.58 19901 1382.73 102.33
Resistance 2 2277.33 5091.67 19830 1372.87 102.02
Resistance 1 2268.67 5070.33 19750 1359.13 101.57
Pivot 2260.83 5053.42 19679 1349.27 101.26
Support 1 2252.17 5032.08 19599 1335.53 100.82
Support 2 2244.33 5015.17 19528 1325.67 100.51
Support 3 2235.67 4993.83 19448 1311.93 100.06
Contract Feb. Gold March Silver Mar. Crude Oil Mar. Bonds March   Euro
Resistance 3 1219.7 17.56 53.48 153 10/32 1.0805
Resistance 2 1213.0 17.34 53.08 152 18/32 1.0753
Resistance 1 1208.7 17.18 52.62 151 24/32 1.0717
Pivot 1202.0 16.96 52.22 151 1.0664
Support 1 1197.7 16.80 51.76 150 6/32 1.0628
Support 2 1191.0 16.58 51.36 149 14/32 1.0576
Support 3 1186.7 16.42 50.90 148 20/32 1.0540
Contract March Corn March Wheat Mar. Beans March SoyMeal Feb. Nat Gas
Resistance 3 373.0 431.7 1086.58 357.20 3.54
Resistance 2 370.3 429.8 1081.92 354.20 3.47
Resistance 1 368.3 426.7 1076.08 351.20 3.39
Pivot 365.5 424.8 1071.42 348.20 3.33
Support 1 363.5 421.7 1065.6 345.2 3.2
Support 2 360.8 419.8 1060.92 342.20 3.18
Support 3 358.8 416.7 1055.08 339.20 3.10

All times are Eastern time Zone (EST)

source:http://www.forexfactory.com/calendar.php

Date 3:49pm Currency Impact Detail Actual Forecast Previous Graph
FriJan 20 2:00am EUR
German PPI m/m
0.4% 0.3%
Day 4 ALL
WEF Annual Meetings
4:30am GBP
Retail Sales m/m
-0.1% 0.2%
9:00am USD
FOMC Member Harker Speaks
Tentative USD
President-Elect Trump Speaks

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. 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 judgement in trading.

Tags: Posted in: Future Trading News   | Futures Trading  

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ECB Rate Alert 1.19.2017

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*     Keep in mind that Crude Oil numbers WILL  come out tomorrow since Monday was a holiday ( MLK Day). The crude oil numbers will come out on Thursday at 8 AM pacific or 10 Am Central. Natural gas numbers will come out tomorrow as well at 7:30 AM Pacific.

**

Thursday, January 19th

ECB Interest Rate Decision

07:45 EDT/12:45 GMT

Expected to leave key rates unchanged

– Maintain Main Refinancing Rate at 0.00%
– Maintains Deposit Rate at -0.40%
– Maintain Marginal Lending Rates at 0.25%

What the News Desk Says ( www.TradeTheNews.com )

The ECB governing council is likely to keep its policy unchanged despite a steady improvement on the inflation front (being dictated primarily by energy prices). Analysts note that the December inflation surge should not shift the ECB message as headline inflation was increasing quite substantially but core inflation was not. Some German officials have been campaigning for the ECB to start tightening policy, but the majority of the Council still believes that such calls are premature. As 2017 progresses the debate is likely to shift as the threat of deflation recedes and the inflation rate rises in coming months, but nothing new is expected at this first policy meeting of the year…. more

** Please vote! the competition ends January 31st and you can vote every day, even if you voted before.

Cannon Trading at 2016 Star Awards by Trader Planet Vote for Cannon Trading at 2016 Star Awards by Trader Planet

GOOD TRADING

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.

If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

Futures Trading Levels

Levels for Trade Date of 01.19.2017

Contract March 2017 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2281.33 5083.75 19920 1372.33 102.54
Resistance 2 2274.92 5070.50 19855 1365.47 101.91
Resistance 1 2271.08 5060.50 19798 1361.23 101.57
Pivot 2264.67 5047.25 19733 1354.37 100.94
Support 1 2260.83 5037.25 19676 1350.13 100.60
Support 2 2254.42 5024.00 19611 1343.27 99.97
Support 3 2250.58 5014.00 19554 1339.03 99.63
Contract Feb. Gold March Silver Mar. Crude Oil Mar. Bonds March   Euro
Resistance 3 1230.5 17.59 55.14 154 12/32 1.0797
Resistance 2 1224.1 17.48 54.37 153 27/32 1.0767
Resistance 1 1214.6 17.29 53.25 152 24/32 1.0714
Pivot 1208.2 17.18 52.48 152 7/32 1.0684
Support 1 1198.7 16.99 51.36 151 4/32 1.0631
Support 2 1192.3 16.88 50.59 150 19/32 1.0601
Support 3 1182.8 16.69 49.47 149 16/32 1.0548
Contract March Corn March Wheat Mar. Beans March SoyMeal Feb. Nat Gas
Resistance 3 372.6 440.5 1098.67 364.50 3.56
Resistance 2 370.2 437.5 1089.33 359.10 3.50
Resistance 1 367.6 434.3 1082.17 355.10 3.41
Pivot 365.2 431.3 1072.83 349.70 3.34
Support 1 362.6 428.0 1065.7 345.7 3.3
Support 2 360.2 425.0 1056.33 340.30 3.19
Support 3 357.6 421.8 1049.17 336.30 3.10

All times are Eastern time Zone (EST)

source:http://www.forexfactory.com/calendar.php

Date 3:58pm Currency Impact Detail Actual Forecast Previous Graph
ThuJan 19 4:00am EUR
Current Account
29.3B 28.4B
Day 3 ALL
WEF Annual Meetings
7:45am EUR
Minimum Bid Rate
0.00% 0.00%
8:30am EUR
ECB Press Conference
USD
Building Permits
1.22M 1.20M
USD
Philly Fed Manufacturing Index
16.3 21.5
USD
Unemployment Claims
252K 247K
USD
Housing Starts
1.19M 1.09M
10:30am USD
Natural Gas Storage
-235B -151B
11:00am USD
Crude Oil Inventories
0.1M 4.1M
8:00pm USD
Fed Chair Yellen Speaks

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. 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 judgement in trading.

Tags: Posted in: Future Trading News  

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Winter is Coming – Gloabl Perspective on the Markets 1.18.2017

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

*     Keep in mind that Crude Oil numbers WILL NOT come out tomorrow since Monday was a holiday ( MLK Day). The crude oil numbers will come out on Thursday at 8 AM pacific or 10 Am Central. Natural gas numbers will come out Thursday as well at 7:30 AM Pacific.

** Good read about what you need to look at from the fundamental/ global perspective for the next few weeks:  https://www.cannontrading.com/community/newsletter/Global-Market-Outlook-for-January-and-February-Trump-and-the-markets#two

** Please vote! the competition ends January 31st and you can vote every day, even if you voted before.

Cannon Trading at 2016 Star Awards by Trader Planet Vote for Cannon Trading at 2016 Star Awards by Trader Planet

Read the rest of this entry »

Tags: Posted in: Future Trading News   | Futures Trading  

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MLK Trading Hours + Levels for Friday Jan. 13th

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

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Market Volatility Is About to Increase — Will You Be Ready?   

Looking at gold and stock index futures along with charts as published on TheStreet.com  

** MLK trading schedule is modified for Monday, please see below and visit for more details:

MLK Trading Schedule
** Please vote! the competition ends January 31st and you can vote every day, even if you voted before.

Cannon Trading at 2016 Star Awards by Trader Planet Vote for Cannon Trading at 2016 Star Awards by Trader Planet

Read the rest of this entry »

Tags: > Posted in: Future Trading News   | Futures Trading  

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