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 Thursday September 29, 2016
What a volatile day in the energy sector…..
We started with the energy report sending prices much lower only to get some reports on agreement between some of the oil producing countries to limit production…..
Buy the rumor sell the fact?
time will tell but if you are trading energies be aware of the news and adjust your trading as volatility expands like it just did…..
Daily chart of Crude Oil for fun….
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 9.29.2016
|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||1341.4||19.64||51.07||170 24/32||1.1336|
|Resistance 2||1336.2||19.45||49.26||170 14/32||1.1307|
|Resistance 1||1331.4||19.34||47.97||169 26/32||1.1281|
|Support 1||1321.4||19.05||44.87||168 28/32||1.1225|
|Support 2||1316.2||18.86||43.06||168 18/32||1.1196|
|Support 3||1311.4||18.75||41.77||167 30/32||1.1170|
|Contract||Dec. Corn||Dec. Wheat||Nov. Beans||Dec. SoyMeal||Nov. Nat Gas|
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Fed Chair Yellen Testifies
FOMC Member Bullard Speaks
Crude Oil Inventories
FOMC Member Mester Speaks
FOMC Member George Speaks