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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 October 22, 2015
Hello Traders,
For 2015 I would like to wish all of you discipline and patience in your trading!
Two quick updates: 1. Eurex is offering mini DAX contract starting Wednesday Oct. 28th.The DAX is one of the more popular European indices but a rather large contract. I think the mini DAX will be a popular contract that allows traders to trade at different times of the day and participate in European Index action.It will be fifth the size and fifth the margin of the big DAX.
More info: https://www.eurexchange.com/exchange-en/resources/circulars/Equity-index-derivatives–Introduction-of-Mini-DAX–Futures/19763242. El Nino is right around the corner. Talk to your broker and find out what the grains and softs have done in past El nino years and see if you find a speculation that you like*. A good site for El Nino updates is : http://www.elnino.noaa.gov/
A good site for historical charts and to see what happened over past El Nino years ( 1983, 1998) is MRCI http://www.mrci.com/pdf/index.php
* Past performance not indicative of future results.
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.
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| Contract Dec. 2015 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2052.25 | 4495.25 | 17342 | 1182.23 | 95.54 |
| Resistance 2 | 2043.25 | 4475.75 | 17282 | 1173.67 | 95.32 |
| Resistance 1 | 2027.50 | 4439.25 | 17180 | 1157.53 | 95.20 |
| Pivot | 2018.50 | 4419.75 | 17120 | 1148.97 | 94.98 |
| Support 1 | 2002.75 | 4383.25 | 17018 | 1132.83 | 94.86 |
| Support 2 | 1993.75 | 4363.75 | 16958 | 1124.27 | 94.64 |
| Support 3 | 1978.00 | 4327.25 | 16856 | 1108.13 | 94.52 |
| Contract | Dec. Gold | Dec. Silver | Dec. Crude Oil | Dec. Bonds | Dec. Euro |
| Resistance 3 | 1192.5 | 16.21 | 47.09 | 159 26/32 | 1.1417 |
| Resistance 2 | 1185.9 | 16.08 | 46.59 | 159 9/32 | 1.1402 |
| Resistance 1 | 1176.4 | 15.88 | 45.87 | 158 27/32 | 1.1374 |
| Pivot | 1169.8 | 15.75 | 45.37 | 158 10/32 | 1.1359 |
| Support 1 | 1160.3 | 15.55 | 44.65 | 157 28/32 | 1.1331 |
| Support 2 | 1153.7 | 15.42 | 44.15 | 157 11/32 | 1.1316 |
| Support 3 | 1144.2 | 15.22 | 43.43 | 156 29/32 | 1.1288 |
| Contract | Dec. Corn | Dec. Wheat | Nov Beans | Dec. SoyMeal | Nov. Nat Gas |
| Resistance 3 | 387.8 | 505.3 | 918.83 | 316.20 | 2.59 |
| Resistance 2 | 384.3 | 501.4 | 912.92 | 314.30 | 2.54 |
| Resistance 1 | 382.5 | 498.1 | 909.08 | 312.40 | 2.47 |
| Pivot | 379.0 | 494.2 | 903.17 | 310.50 | 2.43 |
| Support 1 | 377.3 | 490.8 | 899.3 | 308.6 | 2.4 |
| Support 2 | 373.8 | 486.9 | 893.42 | 306.70 | 2.31 |
| Support 3 | 372.0 | 483.6 | 889.58 | 304.80 | 2.24 |
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 4:15pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| ThuOct 22 | 3:00am | EUR | Spanish Unemployment Rate | 21.9% | 22.4% | ||||
| 7:45am | EUR | Minimum Bid Rate | 0.05% | 0.05% | |||||
| 8:30am | EUR | ECB Press Conference | |||||||
| USD | Unemployment Claims | 266K | 255K | ||||||
| 9:00am | USD | HPI m/m | 0.4% | 0.6% | |||||
| 10:00am | EUR | Consumer Confidence | -7 | -7 | |||||
| USD | Existing Home Sales | 5.38M | 5.31M | ||||||
| USD | CB Leading Index m/m | 0.0% | 0.1% | ||||||
| 10:30am | USD | Natural Gas Storage | 89B | 100B |
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.