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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 Friday April 29, 2016
Hello Traders,
For 2016 I would like to wish all of you discipline and patience in your trading!
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Greetings!
The day after FOMC is many times the most important one for future direction of the markets…..On a correlated note, my short term outlook for gold as published on thestreet.com:Gold Futures Could Break Out — Here’s the Trading Strategy You Should Use
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Featured System of the Month ( including real-time performance): Axiom Index II WFO NQ Trading System
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.
| Contract June 2016 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2117.25 | 4513.25 | 18201 | 1170.13 | 95.21 |
| Resistance 2 | 2105.75 | 4477.75 | 18094 | 1162.27 | 94.89 |
| Resistance 1 | 2088.25 | 4417.25 | 17930 | 1150.63 | 94.31 |
| Pivot | 2076.75 | 4381.75 | 17823 | 1142.77 | 93.99 |
| Support 1 | 2059.25 | 4321.25 | 17659 | 1131.13 | 93.40 |
| Support 2 | 2047.75 | 4285.75 | 17552 | 1123.27 | 93.08 |
| Support 3 | 2030.25 | 4225.25 | 17388 | 1111.63 | 92.50 |
| Contract | June Gold | July Silver | June Crude Oil | June Bonds | June Euro |
| Resistance 3 | 1313.6 | 18.34 | 47.41 | 165 5/32 | 1.1469 |
| Resistance 2 | 1292.7 | 18.02 | 46.77 | 164 11/32 | 1.1426 |
| Resistance 1 | 1281.0 | 17.83 | 46.21 | 163 22/32 | 1.1397 |
| Pivot | 1260.1 | 17.51 | 45.57 | 162 28/32 | 1.1353 |
| Support 1 | 1248.4 | 17.32 | 45.01 | 162 7/32 | 1.1324 |
| Support 2 | 1227.5 | 17.00 | 44.37 | 161 13/32 | 1.1281 |
| Support 3 | 1215.8 | 16.81 | 43.81 | 160 24/32 | 1.1252 |
| Contract | July Corn | July Wheat | July Beans | July SoyMeal | June Nat Gas |
| Resistance 3 | 409.6 | 510.0 | 1060.75 | 354.63 | 2.22 |
| Resistance 2 | 402.4 | 503.5 | 1053.50 | 347.27 | 2.19 |
| Resistance 1 | 396.8 | 494.5 | 1040.50 | 340.33 | 2.13 |
| Pivot | 389.7 | 488.0 | 1033.25 | 332.97 | 2.10 |
| Support 1 | 384.1 | 479.0 | 1020.3 | 326.0 | 2.0 |
| Support 2 | 376.9 | 472.5 | 1013.00 | 318.67 | 2.00 |
| Support 3 | 371.3 | 463.5 | 1000.00 | 311.73 | 1.95 |
Economic Reports
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 4:09pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| FriApr 29 | 1:30am | EUR | French Prelim GDP q/q | 0.4% | 0.3% | ||||
| 2:00am | EUR | German Retail Sales m/m | 0.3% | -0.4% | |||||
| 2:45am | EUR | French Consumer Spending m/m | -0.1% | 0.6% | |||||
| EUR | French Prelim CPI m/m | 0.1% | 0.7% | ||||||
| 3:00am | EUR | Spanish Flash GDP q/q | 0.7% | 0.8% | |||||
| 4:00am | EUR | Italian Monthly Unemployment Rate | 11.6% | 11.7% | |||||
| 4:30am | GBP | Net Lending to Individuals m/m | 5.0B | 4.9B | |||||
| GBP | M4 Money Supply m/m | 0.3% | 0.9% | ||||||
| GBP | Mortgage Approvals | 74K | 74K | ||||||
| 5:00am | EUR | CPI Flash Estimate y/y | -0.1% | 0.0% | |||||
| EUR | Core CPI Flash Estimate y/y | 0.9% | 1.0% | ||||||
| EUR | Italian Prelim CPI m/m | 0.2% | 0.2% | ||||||
| EUR | Unemployment Rate | 10.3% | 10.3% | ||||||
| 8:00am | GBP | MPC Member Cunliffe Speaks | |||||||
| 8:30am | USD | Core PCE Price Index m/m | 0.1% | 0.1% | |||||
| USD | Employment Cost Index q/q | 0.6% | 0.6% | ||||||
| USD | Personal Spending m/m | 0.2% | 0.1% | ||||||
| USD | Personal Income m/m | 0.3% | 0.2% | ||||||
| 9:45am | USD | Chicago PMI | 53.1 | 53.6 | |||||
| 10:00am | USD | Revised UoM Consumer Sentiment | 90.3 | 89.7 | |||||
| USD | Revised UoM Inflation Expectations | 2.7% | |||||||
| Tentative | USD | Treasury Currency Report |