BREXIT Decision Coming Soon 6.22.2016
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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 June 22, 2016
Much has been written about the vote in the UK to exit or stay with the European Union, “BREXIT”.
The voting begins at 7AM (UK) and closes at 10PM (UK) on Thursday June 23.
We expect this to create some extreme volatility in many markets for the next few days and encourage all of you to be aware and use conservative approach rather than aggressive approach.
While some of our platforms will maintain normal day trading margins, other platforms will require higher day trading margins over the next few days.
Most markets will require 100% of the overnight margins for day trading as well with some markets like currencies may even require 200%. This will not affect our clients trading with transactAT or Shogun at this time.
Feel free to call us at 800-454-9572 with any questions.
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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|Contract Sept. 2016||SP500||Nasdaq100||Dow Jones||Mini Russell||Dollar Index|
|Contract||Aug. Gold||July Silver||July Crude Oil||Sept. Bonds||Sept. Euro|
|Resistance 3||1318.2||17.93||51.31||168 31/32||1.1462|
|Resistance 2||1307.8||17.77||50.63||168 21/32||1.1424|
|Support 1||1257.6||17.10||49.09||167 1/32||1.1248|
|Support 2||1247.2||16.94||48.41||166 23/32||1.1210|
|Support 3||1227.3||16.69||47.98||166 2/32||1.1141|
|Contract||July Corn||July Wheat||July Beans||July SoyMeal||July Nat Gas|
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