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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 April 15, 2016
Hello Traders,
For 2016 I would like to wish all of you discipline and patience in your trading!
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Greetings!
I wrote the following crude oil analysis for equities.com, which you can read in full at:
https://www.equities.com/news/crude-oil-futures-heading-towards-45-and-decision-point
Featured System of the Month ( including real-time performance): Axiom Index II WFO NQ Trading System
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| Contract June 2016 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2095.75 | 4596.42 | 17993 | 1137.43 | 95.74 |
| Resistance 2 | 2088.75 | 4579.83 | 17937 | 1133.77 | 95.48 |
| Resistance 1 | 2082.50 | 4563.67 | 17887 | 1129.23 | 95.22 |
| Pivot | 2075.50 | 4547.08 | 17831 | 1125.57 | 94.95 |
| Support 1 | 2069.25 | 4530.92 | 17781 | 1121.03 | 94.69 |
| Support 2 | 2062.25 | 4514.33 | 17725 | 1117.37 | 94.43 |
| Support 3 | 2056.00 | 4498.17 | 17675 | 1112.83 | 94.17 |
| Contract | June Gold | May Silver | May Crude Oil | June Bonds | June Euro |
| Resistance 3 | 1260.8 | 16.65 | 43.48 | 167 8/32 | 1.1372 |
| Resistance 2 | 1253.4 | 16.46 | 42.82 | 166 21/32 | 1.1343 |
| Resistance 1 | 1240.3 | 16.31 | 42.16 | 165 27/32 | 1.1311 |
| Pivot | 1232.9 | 16.12 | 41.50 | 165 8/32 | 1.1282 |
| Support 1 | 1219.8 | 15.96 | 40.84 | 164 14/32 | 1.1249 |
| Support 2 | 1212.4 | 15.77 | 40.18 | 163 27/32 | 1.1220 |
| Support 3 | 1199.3 | 15.62 | 39.52 | 163 1/32 | 1.1188 |
| Contract | May Corn | May Wheat | May Beans | May SoyMeal | May Nat Gas |
| Resistance 3 | 380.5 | 476.7 | 961.75 | 301.33 | 2.11 |
| Resistance 2 | 377.5 | 471.1 | 958.50 | 298.37 | 2.08 |
| Resistance 1 | 375.8 | 465.4 | 953.25 | 294.23 | 2.02 |
| Pivot | 372.8 | 459.8 | 950.00 | 291.27 | 1.99 |
| Support 1 | 371.0 | 454.2 | 944.8 | 287.1 | 1.9 |
| Support 2 | 368.0 | 448.6 | 941.50 | 284.17 | 1.90 |
| Support 3 | 366.3 | 442.9 | 936.25 | 280.03 | 1.85 |
Economic Reports
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 4:13pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| FriApr 15 | 4:00am | EUR | Italian Trade Balance | 2.33B | 0.04B | ||||
| 4:30am | GBP | Construction Output m/m | 0.0% | -0.2% | |||||
| 5:00am | EUR | Trade Balance | 21.9B | 21.2B | |||||
| 8:30am | USD | Empire State Manufacturing Index | 2.1 | 0.6 | |||||
| 9:15am | USD | Capacity Utilization Rate | 75.4% | 76.7% | |||||
| USD | Industrial Production m/m | -0.1% | -0.5% | ||||||
| 10:00am | USD | Prelim UoM Consumer Sentiment | 91.9 | 91.0 | |||||
| USD | Prelim UoM Inflation Expectations | 2.7% | |||||||
| All Day | ALL | G20 Meetings | |||||||
| Day 1 | ALL | IMF Meetings | |||||||
| 4:00pm | USD | TIC Long-Term Purchases | 32.2B | -12.0B |