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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 Thursday June 25, 2015
Hello Traders,
For 2015 I would like to wish all of you discipline and patience in your trading!
Hello Traders,
Looking at 10 and 30-Year Treasury Bonds for Clues on What’s to Come
Back in April I wrote this piece:
Wondering if bonds hit double top, well hindsight is 20/20 and it seems I was definitely right about this one. The question now is where is this volatile market heading next?
Before I jump in to take a look at the charts, one quick side note: Bonds have been one of my favorite day trading markets these past six months…so if you are looking for a different market to add to your day trading mix, I recommend observing the 30-year bonds.
My assumption as of late is that by now the bonds have already discounted 1-2 rate hikes by the end of the year, hence the big drop we noticed in the last few months. My speculation is that the Fed will raise 0.25 at best by year’s end.
GOOD TRADING
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| Contract Sept. 2015 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2130.33 | 4582.92 | 18211 | 1302.63 | 96.39 |
| Resistance 2 | 2124.42 | 4569.08 | 18146 | 1297.47 | 96.06 |
| Resistance 1 | 2112.58 | 4543.42 | 18017 | 1288.63 | 95.78 |
| Pivot | 2106.67 | 4529.58 | 17952 | 1283.47 | 95.45 |
| Support 1 | 2094.83 | 4503.92 | 17823 | 1274.63 | 95.18 |
| Support 2 | 2088.92 | 4490.08 | 17758 | 1269.47 | 94.85 |
| Support 3 | 2077.08 | 4464.42 | 17629 | 1260.63 | 94.57 |
| Contract | Aug. Gold | July Silver | Aug. Crude Oil | Sept. Bonds | Sept. Euro |
| Resistance 3 | 1191.2 | 16.08 | 63.06 | 151 12/32 | 1.1324 |
| Resistance 2 | 1185.5 | 15.98 | 62.32 | 150 21/32 | 1.1285 |
| Resistance 1 | 1179.6 | 15.91 | 61.29 | 150 7/32 | 1.1248 |
| Pivot | 1173.9 | 15.82 | 60.55 | 149 16/32 | 1.1209 |
| Support 1 | 1168.0 | 15.75 | 59.52 | 149 2/32 | 1.1172 |
| Support 2 | 1162.3 | 15.65 | 58.78 | 148 11/32 | 1.1133 |
| Support 3 | 1156.4 | 15.58 | 57.75 | 147 29/32 | 1.1096 |
| Contract | July Corn | Sept. Wheat | Nov Beans | Dec. SoyMeal | July Nat Gas |
| Resistance 3 | 375.4 | 520.5 | 972.83 | 336.13 | 2.86 |
| Resistance 2 | 372.8 | 520.0 | 968.67 | 334.27 | 2.82 |
| Resistance 1 | 369.7 | 519.0 | 962.33 | 331.13 | 2.79 |
| Pivot | 367.1 | 518.5 | 958.17 | 329.27 | 2.75 |
| Support 1 | 363.9 | 517.5 | 951.8 | 326.1 | 2.7 |
| Support 2 | 361.3 | 517.0 | 947.67 | 324.27 | 2.68 |
| Support 3 | 358.2 | 516.0 | 941.33 | 321.13 | 2.66 |
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
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 judgment in trading.