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 September 28, 2016
We have a full day tomorrow!
Crude Oil numbers, Fed. members speaking, Draghi speaking, durable goods….
I wrote before on trading or not trading during big numbers.
Each of you is a different person, different trader and hence the importance of keeping a personal trading journal. If you trade crude oil, you will be able to look back at your journal and decide if to trade or not during crude numbers and read from past weekly reprots which will greatly help you preparing for tomorrow report.
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 9.28.2016
|Contract Dec. 2016||SP500||Nasdaq100||Dow Jones||Mini Russell||Dollar Index|
|Contract||Dec. Gold||Dec. Silver||Nov. Crude Oil||Dec. Bonds||Dec. Euro|
|Resistance 3||1356.2||20.10||47.40||170 22/32||1.1365|
|Resistance 2||1349.9||19.85||46.68||170 6/32||1.1332|
|Resistance 1||1340.4||19.53||45.63||169 26/32||1.1296|
|Support 1||1324.6||18.97||43.86||168 30/32||1.1228|
|Support 2||1318.3||18.72||43.14||168 14/32||1.1195|
|Support 3||1308.8||18.40||42.09||168 2/32||1.1159|
|Contract||Dec. Corn||Dec. Wheat||Nov. Beans||Dec. SoyMeal||Nov. Nat Gas|
GfK German Consumer Climate
MPC Member Shafik Speaks
Core Durable Goods Orders m/m
Durable Goods Orders m/m
Fed Chair Yellen Testifies
FOMC Member Bullard Speaks
ECB President Draghi Speaks
Crude Oil Inventories
FOMC Member George Speaks