Trading Day After Labor Day 9.06.2016

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

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 Wedneday September 7, 2016

Hello Traders,

Greetings!

It’s the day after Labor Day and we saw some big moves in the metals, stock indices still are trading in relatively low volatility.  As I mentioned before, it’s not a question of if but a question of when and what will cause higher volatility. Be flexible and ready to adapt to changing market conditions.

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.

If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

Futures Trading Levels

Levels for Trade Date of  9.07.2016

Contract Sept. 2016 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2203.42 4892.58 18676 1268.03 96.64
Resistance 2 2194.83 4861.17 18610 1262.07 96.25
Resistance 1 2190.17 4845.08 18568 1257.73 95.54
Pivot 2181.58 4813.67 18502 1251.77 95.15
Support 1 2176.92 4797.58 18460 1247.43 94.44
Support 2 2168.33 4766.17 18394 1241.47 94.05
Support 3 2163.67 4750.08 18352 1237.13 93.34
Contract Dec. Gold Dec. Silver Oct. Crude Oil Dec. Bonds Sept.   Euro
Resistance 3 1397.1 21.29 49.00 173 2/32 1.1426
Resistance 2 1377.2 20.76 47.77 172 1/32 1.1347
Resistance 1 1365.4 20.45 46.31 171 12/32 1.1302
Pivot 1345.5 19.92 45.08 170 11/32 1.1223
Support 1 1333.7 19.61 43.62 169 22/32 1.1177
Support 2 1313.8 19.08 42.39 168 21/32 1.1098
Support 3 1302.0 18.77 40.93 168 1.1053
Contract Dec. Corn Dec. Wheat Nov. Beans Dec. SoyMeal Oct. Nat Gas
Resistance 3 337.2 410.6 984.50 318.50 2.82
Resistance 2 333.3 406.7 974.25 314.70 2.79
Resistance 1 330.9 402.6 967.00 312.40 2.76
Pivot 327.1 398.7 956.75 308.60 2.73
Support 1 324.7 394.6 949.5 306.3 2.7
Support 2 320.8 390.7 939.25 302.50 2.67
Support 3 318.4 386.6 932.00 300.20 2.63

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

All times are Eastern time Zone (EST)

Date 3:35pm Currency Impact Detail Actual Forecast Previous Graph
WedSep 7  2:00am EUR
German Industrial Production m/m
0.0% 0.8%
2:45am EUR
French Trade Balance
-3.7B -3.4B
3:30am GBP
Halifax HPI m/m
-0.3% -1.0%
4:30am GBP
Manufacturing Production m/m
-0.4% -0.3%
GBP
Industrial Production m/m
-0.3% 0.1%
5:15am GBP
MPC Member Cunliffe Speaks
Tentative EUR
German 10-y Bond Auction
-0.09|1.4
9:15am GBP
Inflation Report Hearings
10:00am GBP
NIESR GDP Estimate
0.3%
USD
FOMC Member George Speaks
USD
JOLTS Job Openings
5.58M 5.62M
2:00pm USD
Beige Book
7:01pm GBP
RICS House Price Balance
5% 5%

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.