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 Tuesday September 20, 2016
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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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 9.20.2016
|Contract Dec. 2016||SP500||Nasdaq100||Dow Jones||Mini Russell||Dollar Index|
|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|
|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|
German PPI m/m
30-y Bond Auction