Trading Volume Picks up in Futures Markets 3.30.2016

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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 Wednesday March 30, 2016

Hello Traders,

For 2016 I would like to wish all of you discipline and patience in your trading!

Greetings!

Today was such a different day than yesterday….
Yesterday we had low volume, Europe off and very little movement.

Today Europe was back, Yellen was talking and we had some very strong moves and much better volume…

On a different note, ICE exchange is going to start charging $110 per month and in some cases more as monthly fee for their data!
We are here to provide ideas and solutions if you need help with this one.
Just pick up the phone and call 800 454 9572 or +310 859 9572 and we will be happy to help!

Here is the full notice:

Please review the following announcement from the ICE Exchange as it relates to your account: Effective April 1, 2016, data fees will be applied for all recipients of real time ICE Futures market data including subscribers receiving data from Independent Software Vendors (ISVs), Futures Commission Merchants (FCMs), Introducing Brokers (IBs) and/or Network Providers.

Our FCMs have advised us of the following related to the new market data fees being charged by the ICE Exchange:

  • All IDs receiving ICE market data (ICE US, ICE CA, ICE EU Commodities or ICE EU Financials) will be billable: ICE CA is $20 per month, all others are $110 per month per sub exchange.  If an ID has access to all four sub exchanges, the total would be $350 per month.
  • All User IDs are billable as of April 1, 2016.  There are no exceptions.
  • There is no “Netting”
  • There is no “Grandfather” status
  • There is no Pro/NonPro status, all IDs are billed the same
  • Fees are associated to Usernames, not account numbers.
  • If a current user adds a new ID, each ID is billable.
  • ICE will not provide rebates for errors in entitlements.
  • NOTICE: Please be aware that some FCMs and data/platform providers may charge additional fees to offset their costs of implementing, changing and reporting ICE market data.

Contact us with any questions.

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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Futures Trading Levels

Contract June 2016 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2085.50 4580.33 17824 1154.97 97.03
Resistance 2 2066.75 4521.92 17684 1130.83 96.63
Resistance 1 2056.75 4490.83 17612 1118.37 95.88
Pivot 2038.00 4432.42 17472 1094.23 95.48
Support 1 2028.00 4401.33 17400 1081.77 94.73
Support 2 2009.25 4342.92 17260 1057.63 94.33
Support 3 1999.25 4311.83 17188 1045.17 93.58
Contract June Gold May Silver May Crude Oil June Bonds June   Euro
Resistance 3 1281.5 15.75 40.93 166 10/32 1.1504
Resistance 2 1263.4 15.56 40.21 165 16/32 1.1417
Resistance 1 1253.3 15.45 39.36 165 4/32 1.1369
Pivot 1235.2 15.26 38.64 164 10/32 1.1282
Support 1 1225.1 15.15 37.79 163 30/32 1.1234
Support 2 1207.0 14.96 37.07 163 4/32 1.1147
Support 3 1196.9 14.85 36.22 162 24/32 1.1099
Contract May Corn May Wheat May Beans May SoyMeal May Nat Gas
Resistance 3 379.0 485.9 927.17 277.17 2.09
Resistance 2 376.0 481.6 921.83 275.33 2.04
Resistance 1 374.5 479.2 918.92 274.27 2.01
Pivot 371.5 474.8 913.58 272.43 1.96
Support 1 370.0 472.4 910.7 271.4 1.9
Support 2 367.0 468.1 905.33 269.53 1.89
Support 3 365.5 465.7 902.42 268.47 1.86

Economic Reports

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

All times are Eastern time Zone (EST)

Date 3:54pm Currency Impact Detail Actual Forecast Previous Graph
WedMar 30 All Day EUR German Prelim CPI m/m 0.6% 0.4%
 Tentative EUR Italian 10-y Bond Auction 1.50|1.3
8:15am USD ADP Non-Farm Employment Change 195K 214K
10:30am USD Crude Oil Inventories 3.1M 9.4M
7:05pm GBP GfK Consumer Confidence -1 0

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.