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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 Friday June 24, 2016
Hello Traders,
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.
A quick article/outlook with chart I wrote for Equities.com
https://www.equities.com/news/the-million-dollar-question-the-british-pound-and-brexit
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Time (U.S. Pacific Time in parenthesis)
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Event
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Thurs. 7:00 A.M. (11 P.M.Wed.)
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Polling stations open
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Thurs. 10:00 P.M. (2 P.M.)
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Polling stations close, no exit polls
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Thurs. around 11:30 P.M. (3:30 P.M.)
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First announcements on voter turnout
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Fri. 12:30 A.M. (Thurs. 4:30 P.M.)
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Results expected for first counting areas
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Fri. 3-4:00 A.M. (Thurs. 7-8:00 P.M.)
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Results from half of the counting areas are in
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Fri. around 5:00 A.M. (Thurs. 9:00 P.M.)
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About 80% of counting areas have reported results
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Fri. 7 A.M. (Thurs. 11:00 P.M.)
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All votes are likely to have been counted and the official result is expected shortly after.
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Feel free to call us at 800-454-9572 with any questions.
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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| Contract Sept. 2016 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2134.75 | 4527.42 | 18151 | 1195.10 | 94.38 |
| Resistance 2 | 2120.00 | 4493.33 | 18033 | 1182.00 | 94.03 |
| Resistance 1 | 2112.50 | 4476.17 | 17972 | 1175.40 | 93.73 |
| Pivot | 2097.75 | 4442.08 | 17854 | 1162.30 | 93.38 |
| Support 1 | 2090.25 | 4424.92 | 17793 | 1155.70 | 93.08 |
| Support 2 | 2075.50 | 4390.83 | 17675 | 1142.60 | 92.73 |
| Support 3 | 2068.00 | 4373.67 | 17614 | 1136.00 | 92.43 |
| Contract | Aug. Gold | July Silver | Aug. Crude Oil | Sept. Bonds | Sept. Euro |
| Resistance 3 | 1288.1 | 17.76 | 51.56 | 168 12/32 | 1.1560 |
| Resistance 2 | 1281.5 | 17.63 | 50.86 | 167 30/32 | 1.1509 |
| Resistance 1 | 1270.1 | 17.48 | 50.47 | 166 30/32 | 1.1455 |
| Pivot | 1263.5 | 17.35 | 49.77 | 166 16/32 | 1.1404 |
| Support 1 | 1252.1 | 17.19 | 49.38 | 165 16/32 | 1.1350 |
| Support 2 | 1245.5 | 17.06 | 48.68 | 165 2/32 | 1.1299 |
| Support 3 | 1234.1 | 16.91 | 48.29 | 164 2/32 | 1.1245 |
| Contract | July Corn | July Wheat | July Beans | July SoyMeal | July Nat Gas |
| Resistance 3 | 394.1 | 465.6 | 1140.33 | 399.00 | 2.84 |
| Resistance 2 | 391.4 | 462.9 | 1132.17 | 395.20 | 2.78 |
| Resistance 1 | 389.3 | 458.6 | 1116.83 | 388.10 | 2.74 |
| Pivot | 386.7 | 455.9 | 1108.67 | 384.30 | 2.68 |
| Support 1 | 384.6 | 451.6 | 1093.3 | 377.2 | 2.6 |
| Support 2 | 381.9 | 448.9 | 1085.17 | 373.40 | 2.57 |
| Support 3 | 379.8 | 444.6 | 1069.83 | 366.30 | 2.53 |
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 4:24pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| FriJun 24 | 4:00am | EUR |
German Ifo Business Climate
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107.6 | 107.7 | ||||
| EUR |
Italian Retail Sales m/m
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0.2% | -0.6% | ||||||
| 4:30am | GBP |
BBA Mortgage Approvals
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37.9K | 40.1K | |||||
| Tentative | EUR |
Long Term Refinancing Option
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6.7B | ||||||
| 8:30am | USD |
Core Durable Goods Orders m/m
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0.1% | 0.5% | |||||
| USD |
Durable Goods Orders m/m
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-0.5% | -0.8% | ||||||
| 10:00am | USD |
Revised UoM Consumer Sentiment
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94.2 | 94.3 | |||||
| USD |
Revised UoM Inflation Expectations
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2.4% |