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Support & Resistance Levels

This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.

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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 October 13, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Dull day in most markets with low volume ( with the exception of the energy sector). I was trying to think of something helpful to share with my readers and couldn’t really think of anything specific….so instead I decided to share with you one of the post-its I have glued to one of my screens….my reminder of the need to stay disciplined to a system I developed…..it says:”STUPID PEOPLE do the same things looking to achieve different results. Don’t let your emotions run your trading. Let the system run, you put too much work & time into it. Learn from  past mistakes and adjust”

So whatever speaks to you that will help you stick to your money management rules and be discipline, type it, print it, place it some where visible….

Every so often when I think I need to “manually interfere with my system”, I look at my post-it and take a small time out. That helps me stay disciplined.

Did you know Cannon offers FOREX trading including the MT4 platformCheck out our Trading Systems/ALGO Trading and Managed Accounts section!

Many ways to trade any market, many ways to lose money in any market and only very few ways to lock in gainsIf you need help creating a trading plan, visit our broker assist services.

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

Contract Dec. 2015 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2024.33 4418.92 17168 1173.73 95.27
Resistance 2 2018.42 4399.33 17106 1168.97 95.11
Resistance 1 2013.58 4385.42 17068 1164.53 95.00
Pivot 2007.67 4365.83 17006 1159.77 94.83
Support 1 2002.83 4351.92 16968 1155.33 94.72
Support 2 1996.92 4332.33 16906 1150.57 94.56
Support 3 1992.08 4318.42 16868 1146.13 94.45
Contract Dec. Gold Dec. Silver Nov. Crude Oil Dec. Bonds Dec.   Euro
Resistance 3 1183.3 16.33 52.43 159 2/32 1.1439
Resistance 2 1176.0 16.20 51.28 158 16/32 1.1424
Resistance 1 1169.0 16.02 49.34 158 6/32 1.1398
Pivot 1161.7 15.89 48.19 157 20/32 1.1383
Support 1 1154.7 15.71 46.25 157 10/32 1.1357
Support 2 1147.4 15.58 45.10 156 24/32 1.1342
Support 3 1140.4 15.40 43.16 156 14/32 1.1316
Contract Dec. Corn Dec. Wheat Nov Beans Dec. SoyMeal Nov. Nat Gas
Resistance 3 388.9 517.7 899.83 314.00 2.61
Resistance 2 387.1 514.1 897.17 312.10 2.59
Resistance 1 383.9 510.4 892.33 310.80 2.56
Pivot 382.1 506.8 889.67 308.90 2.54
Support 1 378.9 503.2 884.8 307.6 2.5
Support 2 377.1 499.6 882.17 305.70 2.49
Support 3 373.9 495.9 877.33 304.40 2.46
Economic Reports

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

All times are Eastern time Zone (EST)

TueOct 13 2:00am EUR German Final CPI m/m -0.2% -0.2%
EUR German WPI m/m -0.3% -0.8%
5:00am EUR German ZEW Economic Sentiment 6.8 12.1
EUR ZEW Economic Sentiment 30.1 33.3
6:00am USD NFIB Small Business Index 95.6 95.9
2:00pm USD Federal Budget Balance 93.8B -64.4B

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.

 

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