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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 Tuesday August 30, 2016
Hello Traders,
Greetings!
December bonds are now front month for those of you trading bonds, ten years etc.!
August is almost over…..and it has been a pretty low energy month as far as trading is concerned. Between summer vacations in the US and Europe and the fact that markets got tired from the extreme BREXIT volatility…August was a very low energy trading month with low volatility. Volatility comes and goes in cycles and the longer the period of low volatility is, the bigger the moves that will follow when some Geo Political event finally shakes the markets….so be ready!
On a different note, check out the live results on the following two trading systems which can be traded with as low as $5,000 per system!! Feel free to reach out to your cannon contact with any question or if you need help evaluating the trade systems below:
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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Levels for Trade Date of 8.30.2016
| Contract Sept. 2016 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2203.75 | 4840.08 | 18695 | 1262.33 | 96.11 |
| Resistance 2 | 2193.00 | 4822.92 | 18599 | 1255.17 | 95.96 |
| Resistance 1 | 2186.00 | 4808.33 | 18544 | 1249.13 | 95.75 |
| Pivot | 2175.25 | 4791.17 | 18448 | 1241.97 | 95.60 |
| Support 1 | 2168.25 | 4776.58 | 18393 | 1235.93 | 95.39 |
| Support 2 | 2157.50 | 4759.42 | 18297 | 1228.77 | 95.24 |
| Support 3 | 2150.50 | 4744.83 | 18242 | 1222.73 | 95.03 |
| Contract | Dec. Gold | Sept. Silver | Oct. Crude Oil | Dec. Bonds | Sept. Euro |
| Resistance 3 | 1342.0 | 19.57 | 47.95 | 172 22/32 | 1.1270 |
| Resistance 2 | 1335.2 | 19.26 | 47.62 | 171 22/32 | 1.1243 |
| Resistance 1 | 1330.7 | 19.08 | 47.29 | 171 5/32 | 1.1220 |
| Pivot | 1323.9 | 18.77 | 46.96 | 170 5/32 | 1.1193 |
| Support 1 | 1319.4 | 18.60 | 46.63 | 169 20/32 | 1.1170 |
| Support 2 | 1312.6 | 18.29 | 46.30 | 168 20/32 | 1.1143 |
| Support 3 | 1308.1 | 18.11 | 45.97 | 168 3/32 | 1.1120 |
| Contract | Dec. Corn | Dec. Wheat | Nov. Beans | Dec. SoyMeal | Oct. Nat Gas |
| Resistance 3 | 327.6 | 407.3 | 979.00 | 322.70 | 3.00 |
| Resistance 2 | 325.9 | 404.5 | 975.25 | 320.70 | 2.96 |
| Resistance 1 | 323.3 | 400.8 | 969.75 | 317.90 | 2.93 |
| Pivot | 321.7 | 398.0 | 966.00 | 315.90 | 2.90 |
| Support 1 | 319.1 | 394.3 | 960.5 | 313.1 | 2.9 |
| Support 2 | 317.4 | 391.5 | 956.75 | 311.10 | 2.83 |
| Support 3 | 314.8 | 387.8 | 951.25 | 308.30 | 2.79 |
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| TueAug 30 | 2:00am | EUR |
German Import Prices m/m
|
0.0% | 0.5% | ||||
| All Day | EUR |
German Prelim CPI m/m
|
0.1% | 0.3% | |||||
| 3:00am | EUR |
Spanish Flash CPI y/y
|
-0.5% | -0.6% | |||||
| 4:00am | EUR |
Italian Retail Sales m/m
|
0.2% | 0.3% | |||||
| Tentative | EUR |
Italian 10-y Bond Auction
|
1.24|1.3 | ||||||
| 8:30am | CAD |
Current Account
|
-16.8B | ||||||
| CAD |
RMPI m/m
|
1.8% | |||||||
| CAD |
IPPI m/m
|
0.6% | |||||||
| 9:00am | USD |
S&P/CS Composite-20 HPI y/y
|
5.1% | 5.2% | |||||
| 10:00am | USD |
CB Consumer Confidence
|
97.2 | 97.3 |