Cannon’s Futures Video Center 1.15.2016
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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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 January 15, 2016
Hello Traders,
For 2015 I would like to wish all of you discipline and patience in your trading!
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Many ways to trade any market, many ways to lose money in any market and only very few ways to lock in gains. If you need help creating a trading plan,visit our broker assist services.
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 March 2016 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 1994.17 | 4512.67 | 16873 | 1073.23 | 100.11 |
| Resistance 2 | 1960.83 | 4406.58 | 16632 | 1052.07 | 99.72 |
| Resistance 1 | 1937.67 | 4336.17 | 16462 | 1037.73 | 99.43 |
| Pivot | 1904.33 | 4230.08 | 16221 | 1016.57 | 99.04 |
| Support 1 | 1881.17 | 4159.67 | 16051 | 1002.23 | 98.75 |
| Support 2 | 1847.83 | 4053.58 | 15810 | 981.07 | 98.36 |
| Support 3 | 1824.67 | 3983.17 | 15640 | 966.73 | 98.07 |
| Contract | Feb. Gold | March Silver | Feb. Crude Oil | Mar. Bonds | March Euro |
| Resistance 3 | 1115.7 | 14.55 | 33.35 | 160 15/32 | 1.1053 |
| Resistance 2 | 1105.5 | 14.37 | 32.56 | 159 21/32 | 1.1006 |
| Resistance 1 | 1091.4 | 14.10 | 31.86 | 158 19/32 | 1.0943 |
| Pivot | 1081.2 | 13.92 | 31.07 | 157 25/32 | 1.0897 |
| Support 1 | 1067.1 | 13.66 | 30.37 | 156 23/32 | 1.0834 |
| Support 2 | 1056.9 | 13.48 | 29.58 | 155 29/32 | 1.0787 |
| Support 3 | 1042.8 | 13.21 | 28.88 | 154 27/32 | 1.0724 |
| Contract | Mar. Corn | Mar. Wheat | Mar Beans | Mar. SoyMeal | Feb. Nat Gas |
| Resistance 3 | 365.1 | 485.2 | 896.00 | 280.13 | 2.41 |
| Resistance 2 | 362.7 | 481.6 | 890.25 | 278.07 | 2.35 |
| Resistance 1 | 360.3 | 475.2 | 886.25 | 276.13 | 2.25 |
| Pivot | 357.9 | 471.6 | 880.50 | 274.07 | 2.19 |
| Support 1 | 355.6 | 465.2 | 876.5 | 272.1 | 2.1 |
| Support 2 | 353.2 | 461.6 | 870.75 | 270.07 | 2.02 |
| Support 3 | 350.8 | 455.2 | 866.75 | 268.13 | 1.91 |
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 4:11pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| FriJan 15 | 2:45am | EUR | French Gov Budget Balance | -76.2B | |||||
| 5:00am | EUR | Trade Balance | 21.1B | 19.9B | |||||
| All Day | EUR | ECOFIN Meetings | |||||||
| 8:30am | USD | Core Retail Sales m/m | 0.2% | 0.4% | |||||
| USD | PPI m/m | -0.2% | 0.3% | ||||||
| USD | Retail Sales m/m | -0.1% | 0.2% | ||||||
| USD | Core PPI m/m | 0.1% | 0.3% | ||||||
| USD | Empire State Manufacturing Index | -4.1 | -4.6 | ||||||
| 9:00am | USD | FOMC Member Dudley Speaks | |||||||
| 9:15am | USD | Capacity Utilization Rate | 76.8% | 77.0% | |||||
| USD | Industrial Production m/m | -0.2% | -0.6% | ||||||
| 10:00am | USD | Prelim UoM Consumer Sentiment | 92.7 | 92.6 | |||||
| USD | Business Inventories m/m | 0.0% | 0.0% | ||||||
| USD | Prelim UoM Inflation Expectations | 2.6% |
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.
