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BREXIT Aftermath 6.28.2016

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

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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 Monday June 28, 2016

Hello Traders,

It seems that all the hype about Brexit was proper…The volatility we saw Thursday night, Friday day, last night and most of this morning session was extreme.

Especially Thursday night/ early Friday morning. Gold made a move of about $100 in few hours, bonds about 5 full points and SP500 was down almost 100 points or so in matter of hours….

The Brexit and potential other exits from the European Union created a new trading/ financial environment.

I think we will continue to see some volatility but not to the extreme we witnessed the last 72 hours.

Understand it, research it and adjust your trading accordingly.

My recommendation is to be extra patient with your entries as you will need to use wider stops than normal.

Feel free to contact us here at Cannon with any questions/ feedback etc.

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 

Contract Sept. 2016  SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2054.50 4346.75 17530 1140.80 97.93
Resistance 2 2038.50 4307.25 17403 1127.70 97.40
Resistance 1 2013.50 4246.75 17215 1106.00 97.00
Pivot 1997.50 4207.25 17088 1092.90 96.47
Support 1 1972.50 4146.75 16900 1071.20 96.07
Support 2 1956.50 4107.25 16773 1058.10 95.54
Support 3 1931.50 4046.75 16585 1036.40 95.14
Contract Aug. Gold July Silver Aug. Crude Oil Sept. Bonds Sept.   Euro
Resistance 3 1358.9 18.27 49.95 174 12/32 1.1224
Resistance 2 1349.5 18.13 48.96 173 29/32 1.1170
Resistance 1 1339.7 17.98 47.82 173 16/32 1.1111
Pivot 1330.3 17.84 46.83 173 1/32 1.1057
Support 1 1320.5 17.70 45.69 172 20/32 1.0998
Support 2 1311.1 17.56 44.70 172 5/32 1.0944
Support 3 1301.3 17.41 43.56 171 24/32 1.0885
Contract July Corn July Wheat July Beans July SoyMeal July Nat Gas
Resistance 3 395.5 477.7 1130.75 396.17 2.89
Resistance 2 392.8 473.6 1120.75 389.43 2.82
Resistance 1 389.0 465.9 1112.75 385.47 2.79
Pivot 386.3 461.8 1102.75 378.73 2.73
Support 1 382.5 454.2 1094.8 374.8 2.7
Support 2 379.8 450.1 1084.75 368.03 2.63
Support 3 376.0 442.4 1076.75 364.07 2.60

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

All times are Eastern time Zone (EST)

Date 4:01pm Currency Impact Detail Actual Forecast Previous Graph
TueJun 28  2:00am EUR
German Import Prices m/m
0.6% -0.1%
6:00am GBP
CBI Realized Sales
9 7
Day 1 EUR
EU Economic Summit
8:30am USD
Final GDP q/q
1.0% 0.8%
USD
Final GDP Price Index q/q
0.6% 0.6%
9:00am USD
S&P/CS Composite-20 HPI y/y
5.5% 5.4%
10:00am USD
CB Consumer Confidence
93.2 92.6
USD
Richmond Manufacturing Index
2 -1
7:00pm USD
FOMC Member Powell 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.

Tags: > Posted in: Future Trading News  

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