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Heads up: Front month for energies is now April. Front month for bonds/ten years is June as of tomorrow. Front month for grains is May.
President Trump will be speaking tonight ( 9 PM Eastern time) and I think that this may move the markets a bit more than usual for the night session….Be aware and be ready for possible shift in volatility tomorrow.
We are starting March with a day full of reports tomorrow, including crude oil inventories, Beige book and more!
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 03.01.2017
| Contract March 2017 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2379.92 | 5383.00 | 20900 | 1420.40 | 101.76 |
| Resistance 2 | 2374.33 | 5366.50 | 20865 | 1413.10 | 101.49 |
| Resistance 1 | 2368.67 | 5350.00 | 20838 | 1399.00 | 101.31 |
| Pivot | 2363.08 | 5333.50 | 20803 | 1391.70 | 101.04 |
| Support 1 | 2357.42 | 5317.00 | 20776 | 1377.60 | 100.86 |
| Support 2 | 2351.83 | 5300.50 | 20741 | 1370.30 | 100.59 |
| Support 3 | 2346.17 | 5284.00 | 20714 | 1356.20 | 100.41 |
| Contract | Apr. Gold | May Silver | April Crude Oil | June Bonds | March Euro |
| Resistance 3 | 1269.2 | 18.73 | 55.48 | 152 28/32 | 1.0698 |
| Resistance 2 | 1264.2 | 18.62 | 54.85 | 152 16/32 | 1.0667 |
| Resistance 1 | 1258.1 | 18.50 | 54.43 | 152 4/32 | 1.0633 |
| Pivot | 1253.1 | 18.39 | 53.80 | 151 24/32 | 1.0602 |
| Support 1 | 1247.0 | 18.27 | 53.38 | 151 12/32 | 1.0568 |
| Support 2 | 1242.0 | 18.16 | 52.75 | 151 | 1.0537 |
| Support 3 | 1235.9 | 18.04 | 52.33 | 150 20/32 | 1.0503 |
| Contract | May Corn | May Wheat | May Beans | May SoyMeal | April Nat Gas |
| Resistance 3 | 398.6 | 465.0 | 1082.58 | 349.80 | 2.95 |
| Resistance 2 | 392.4 | 459.8 | 1069.42 | 346.60 | 2.87 |
| Resistance 1 | 383.1 | 451.8 | 1052.58 | 341.50 | 2.82 |
| Pivot | 376.9 | 446.5 | 1039.42 | 338.30 | 2.74 |
| Support 1 | 367.6 | 438.5 | 1022.6 | 333.2 | 2.7 |
| Support 2 | 361.4 | 433.3 | 1009.42 | 330.00 | 2.60 |
| Support 3 | 352.1 | 425.3 | 992.58 | 324.90 | 2.55 |
All times are Eastern time Zone (EST)
source:http://www.forexfactory.com/calendar.php
| Date | 3:49pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| WedMar 1 | 2:00am | GBP |
Nationwide HPI m/m
|
0.2% | 0.2% | ||||
| All Day | EUR |
German Prelim CPI m/m
|
0.6% | -0.6% | |||||
| 3:15am | EUR |
Spanish Manufacturing PMI
|
55.9 | 55.6 | |||||
| 3:45am | EUR |
Italian Manufacturing PMI
|
53.6 | 53.0 | |||||
| 3:50am | EUR |
French Final Manufacturing PMI
|
52.3 | 52.3 | |||||
| 3:55am | EUR |
German Unemployment Change
|
-10K | -26K | |||||
| EUR |
German Final Manufacturing PMI
|
57.0 | 57.0 | ||||||
| 4:00am | EUR |
Final Manufacturing PMI
|
55.5 | 55.5 | |||||
| 4:30am | GBP |
Manufacturing PMI
|
55.7 | 55.9 | |||||
| GBP |
Net Lending to Individuals m/m
|
4.0B | 4.8B | ||||||
| GBP |
M4 Money Supply m/m
|
-0.1% | -0.5% | ||||||
| GBP |
Mortgage Approvals
|
69K | 68K | ||||||
| Tentative | EUR |
German 10-y Bond Auction
|
0.33|2.2 | ||||||
| 8:30am | USD |
Core PCE Price Index m/m
|
0.3% | 0.1% | |||||
| USD |
Personal Spending m/m
|
0.3% | 0.5% | ||||||
| USD |
Personal Income m/m
|
0.3% | 0.3% | ||||||
| 9:45am | USD |
Final Manufacturing PMI
|
54.4 | 54.3 | |||||
| 10:00am | USD |
ISM Manufacturing PMI
|
56.2 | 56.0 | |||||
| USD |
Construction Spending m/m
|
0.7% | -0.2% | ||||||
| USD |
ISM Manufacturing Prices
|
68.5 | 69.0 | ||||||
| 10:30am | USD |
Crude Oil Inventories
|
1.5M | 0.6M | |||||
| All Day | USD |
Total Vehicle Sales
|
17.7M | 17.6M | |||||
| 1:00pm | USD |
FOMC Member Kaplan Speaks
|
|||||||
| 2:00pm | USD |
Beige Book
|
|||||||
| 6:00pm | USD |
FOMC Member Brainard Speaks
|
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.