Posted By: Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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 December 2, 2015
For 2015 I would like to wish all of you discipline and patience in your trading!
8 Steps to Successful Day-Trading
2. Find a System
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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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|Contract Dec. 2015||SP500||Nasdaq100||Dow Jones||Mini Russell||Dollar Index|
|Contract||Feb. Gold||March Silver||Jan. Crude Oil||Mar. Bonds||Dec. Euro|
|Resistance 3||1085.5||14.45||43.30||159 4/32||1.0736|
|Resistance 2||1079.8||14.35||42.77||157 20/32||1.0688|
|Resistance 1||1074.1||14.25||42.24||156 26/32||1.0662|
|Support 1||1062.7||14.05||41.18||154 16/32||1.0588|
|Support 3||1051.3||13.85||40.12||152 6/32||1.0514|
|Contract||Mar. Corn||Mar. Wheat||Jan Beans||Jan. SoyMeal||Jan. Nat Gas|
|WedDec 2||3:00am||EUR||Spanish Unemployment Change||-10.3K||82.3K|
|5:00am||EUR||CPI Flash Estimate y/y||0.2%||0.1%|
|EUR||Core CPI Flash Estimate y/y||1.1%||1.1%|
|8:10am||USD||FOMC Member Lockhart Speaks|
|8:15am||USD||ADP Non-Farm Employment Change||191K||182K|
|8:30am||USD||Fed Chair Yellen Speaks|
|USD||Revised Nonfarm Productivity q/q||2.2%||1.6%|
|USD||Revised Unit Labor Costs q/q||1.1%||1.4%|
|10:30am||USD||Crude Oil Inventories||-0.6M||1.0M|
|12:25pm||USD||Fed Chair Yellen Speaks|
|3:40pm||USD||FOMC Member Williams 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 judgment in trading.