Be Disciplined, Be Consistent in Your Trading! 9.20.2016

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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 September 20, 2016

Greetings!

Front month for stock indices (e-minis) is December.
Front month for metals is December.
Front month for currencies is December.
Front month for natural gas and crude oil / energies is November. Be consistent with your trading decision…if you have rules make sure you follow them and fight that bad voice inside that makes you deviate, usually when in a losing trade! Discipline and consistency are sometimes more important than the question of should I buy or should I sell…

Trade with confidence, Trade with a plan, Trade with discipline!

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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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Futures Trading Levels

Levels for Trade Date of 9.20.2016

Contract Dec. 2016 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2162.42 4887.92 18308 1256.80 96.44
Resistance 2 2154.58 4864.83 18240 1247.20 96.23
Resistance 1 2143.42 4828.67 18141 1238.30 95.99
Pivot 2135.58 4805.58 18073 1228.70 95.78
Support 1 2124.42 4769.42 17974 1219.80 95.54
Support 2 2116.58 4746.33 17906 1210.20 95.33
Support 3 2105.42 4710.17 17807 1201.30 95.09
Contract Dec. Gold Dec. Silver Nov. Crude Oil Dec. Bonds Sept.   Euro
Resistance 3 1330.5 20.00 45.49 166 27/32 1.1290
Resistance 2 1326.2 19.69 45.09 166 18/32 1.1265
Resistance 1 1321.3 19.46 44.45 166 1/32 1.1243
Pivot 1317.0 19.15 44.05 165 24/32 1.1218
Support 1 1312.1 18.92 43.41 165 7/32 1.1195
Support 2 1307.8 18.61 43.01 164 30/32 1.1170
Support 3 1302.9 18.38 42.37 164 13/32 1.1148
Contract Dec. Corn Dec. Wheat Nov. Beans Dec. SoyMeal Oct. Nat Gas
Resistance 3 347.7 418.0 994.17 323.77 3.03
Resistance 2 343.6 413.5 987.33 320.23 3.00
Resistance 1 340.4 408.8 979.92 315.67 2.97
Pivot 336.3 404.3 973.08 312.13 2.93
Support 1 333.2 399.5 965.7 307.6 2.9
Support 2 329.1 395.0 958.83 304.03 2.86
Support 3 325.9 390.3 951.42 299.47 2.83

source:http://www.forexfactory.com/calendar.php

All times are Eastern time Zone (EST)

Date 3:41pm Currency Impact Detail Actual Forecast Previous Graph
TueSep 20  2:00am EUR
German PPI m/m
0.1% 0.2%
Tentative GBP
30-y Bond Auction
2.10|1.4
8:30am USD
Building Permits
1.17M 1.14M
USD
Housing Starts
1.19M 1.21M

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 judgement in trading.