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Big Moves in Gold Futures!

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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 October 5, 2016

Greetings!

BIG move on gold today…..Along with some intraday volatility in stock indices and treasury markets.
Daily chart of gold for your review:

Gold Futures Chart

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

Levels for Trade Date of 10.05.2016

Contract Dec. 2016 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2180.08 4935.50 18404 1264.03 97.16
Resistance 2 2169.92 4911.75 18317 1256.37 96.78
Resistance 1 2156.33 4883.75 18197 1246.63 96.43
Pivot 2146.17 4860.00 18110 1238.97 96.05
Support 1 2132.58 4832.00 17990 1229.23 95.70
Support 2 2122.42 4808.25 17903 1221.57 95.32
Support 3 2108.83 4780.25 17783 1211.83 94.97
Contract Dec. Gold Dec. Silver Nov. Crude Oil Dec. Bonds Dec.   Euro
Resistance 3 1347.4 19.84 49.96 169 26/32 1.1390
Resistance 2 1331.4 19.39 49.54 169 3/32 1.1333
Resistance 1 1301.0 18.65 49.09 167 25/32 1.1288
Pivot 1285.0 18.20 48.67 167 2/32 1.1231
Support 1 1254.6 17.45 48.22 165 24/32 1.1186
Support 2 1238.6 17.00 47.80 165 1/32 1.1129
Support 3 1208.2 16.26 47.35 163 23/32 1.1084
Contract Dec. Corn Dec. Wheat Nov. Beans Dec. SoyMeal Nov. Nat Gas
Resistance 3 355.8 404.1 981.58 314.63 3.12
Resistance 2 352.4 401.2 976.67 312.77 3.06
Resistance 1 350.3 398.3 970.08 309.53 3.01
Pivot 346.9 395.4 965.17 307.67 2.95
Support 1 344.8 392.6 958.6 304.4 2.9
Support 2 341.4 389.7 953.67 302.57 2.83
Support 3 339.3 386.8 947.08 299.33 2.79

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

All times are Eastern time Zone (EST)

Date 3:53pm Currency Impact Detail Actual Forecast Previous Graph
WedOct 5 3:15am EUR
Spanish Services PMI
54.8 56.0
3:45am EUR
Italian Services PMI
52.1 52.3
3:50am EUR
French Final Services PMI
54.1 54.1
3:55am EUR
German Final Services PMI
50.6 50.6
4:00am EUR
Final Services PMI
52.1 52.1
4:30am GBP
Services PMI
52.1 52.9
5:00am EUR
Retail Sales m/m
-0.1% 1.1%
Tentative EUR
German 10-y Bond Auction
-0.11|1.1
8:15am USD
ADP Non-Farm Employment Change
166K 177K
8:30am USD
Trade Balance
-41.1B -39.5B
9:45am USD
Final Services PMI
51.9 51.9
10:00am USD
ISM Non-Manufacturing PMI
53.1 51.4
USD
Factory Orders m/m
-0.4% 1.9%
10:30am USD
Crude Oil Inventories
-1.9M

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.

Tags: > Posted in: Future Trading News  

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