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* Volatility in many markets has been extremely low!! Stock index futures especially. I really don’t have an explanation…bit odd but as I mentioned over this blog many times before, it is a cycle. Neither low volatility, nor high volatility can last for ever. It is like a compressed spring that eventually has to expand….So be ready when volatility changes and the trading environment changes accordingly.
** Chart of gold futures below for your review. Gold is sitting on a decision point. It bounced very nicely off the lows made back on Dec. 15th and backed off resistance at 1218. The longer term trend is down, however the immediate trend is up….Should provide for some interesting price action!
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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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Levels for Trade Date of 01.20.2017
| Contract March 2017 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2285.17 | 5108.58 | 19901 | 1382.73 | 102.33 |
| Resistance 2 | 2277.33 | 5091.67 | 19830 | 1372.87 | 102.02 |
| Resistance 1 | 2268.67 | 5070.33 | 19750 | 1359.13 | 101.57 |
| Pivot | 2260.83 | 5053.42 | 19679 | 1349.27 | 101.26 |
| Support 1 | 2252.17 | 5032.08 | 19599 | 1335.53 | 100.82 |
| Support 2 | 2244.33 | 5015.17 | 19528 | 1325.67 | 100.51 |
| Support 3 | 2235.67 | 4993.83 | 19448 | 1311.93 | 100.06 |
| Contract | Feb. Gold | March Silver | Mar. Crude Oil | Mar. Bonds | March Euro |
| Resistance 3 | 1219.7 | 17.56 | 53.48 | 153 10/32 | 1.0805 |
| Resistance 2 | 1213.0 | 17.34 | 53.08 | 152 18/32 | 1.0753 |
| Resistance 1 | 1208.7 | 17.18 | 52.62 | 151 24/32 | 1.0717 |
| Pivot | 1202.0 | 16.96 | 52.22 | 151 | 1.0664 |
| Support 1 | 1197.7 | 16.80 | 51.76 | 150 6/32 | 1.0628 |
| Support 2 | 1191.0 | 16.58 | 51.36 | 149 14/32 | 1.0576 |
| Support 3 | 1186.7 | 16.42 | 50.90 | 148 20/32 | 1.0540 |
| Contract | March Corn | March Wheat | Mar. Beans | March SoyMeal | Feb. Nat Gas |
| Resistance 3 | 373.0 | 431.7 | 1086.58 | 357.20 | 3.54 |
| Resistance 2 | 370.3 | 429.8 | 1081.92 | 354.20 | 3.47 |
| Resistance 1 | 368.3 | 426.7 | 1076.08 | 351.20 | 3.39 |
| Pivot | 365.5 | 424.8 | 1071.42 | 348.20 | 3.33 |
| Support 1 | 363.5 | 421.7 | 1065.6 | 345.2 | 3.2 |
| Support 2 | 360.8 | 419.8 | 1060.92 | 342.20 | 3.18 |
| Support 3 | 358.8 | 416.7 | 1055.08 | 339.20 | 3.10 |
All times are Eastern time Zone (EST)
source:http://www.forexfactory.com/calendar.php
| Date | 3:49pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| FriJan 20 | 2:00am | EUR |
German PPI m/m
|
0.4% | 0.3% | ||||
| Day 4 | ALL |
WEF Annual Meetings
|
|||||||
| 4:30am | GBP |
Retail Sales m/m
|
-0.1% | 0.2% | |||||
| 9:00am | USD |
FOMC Member Harker Speaks
|
|||||||
| Tentative | USD |
President-Elect Trump Speaks
|