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 June 10, 2015
For 2015 I would like to wish all of you discipline and patience in your trading!
A Few Ways to Enter Trades – Day Trading 101 Continues
An important part of trading is trade entry. Assuming a trader knows why he/she is about to enter a trade, the next step sounds simple right?
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 June 2015||SP500||Nasdaq100||Dow Jones||Mini Russell||Dollar Index|
|Contract||Aug. Gold||July Silver||July Crude Oil||Sept. Bonds||June Euro|
|Resistance 3||1192.1||16.31||62.94||152 9/32||1.1477|
|Resistance 2||1187.2||16.22||61.66||151 12/32||1.1412|
|Resistance 1||1181.6||16.08||60.79||150 4/32||1.1345|
|Support 1||1171.1||15.85||58.64||147 31/32||1.1213|
|Support 2||1166.2||15.76||57.36||147 2/32||1.1148|
|Support 3||1160.6||15.62||56.49||145 26/32||1.1081|
|Contract||July Corn||July Wheat||July Beans||July SoyMeal||July Nat Gas|
|ThuJun 11||1:30am||EUR||French Final Non-Farm Payrolls q/q||-0.1%||-0.1%|
|2:45am||EUR||French CPI m/m||0.3%||0.1%|
|8:30am||USD||Core Retail Sales m/m||0.7%||0.1%|
|USD||Retail Sales m/m||1.1%||0.0%|
|USD||Import Prices m/m||0.9%||-0.3%|
|10:00am||USD||Business Inventories m/m||0.2%||0.1%|
|10:30am||USD||Natural Gas Storage||132B|
|1:01pm||USD||30-y Bond Auction||3.04|2.2|
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 judgment in trading.