Economic Reports and Futures Levels 12.09.2014
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
For 2014 I would like to wish all of you discipline and patience in your trading!
¬†Today’s correction another opportunity to go long?
To be honest, I am not sure and some what exhausted from trying to predict what I consider a manipulated market…yet I am still trying to look at the chart and look for clues from the technical perspective even though stock indices have not really reacted to technicals in a while….
Daily chart of the mini NASDAQ 100 for your review below. I was hoping we can close below the 2073.50 level, which we did not BUT we were able to break it today.
Some possible levels to watch in the chart below:
GOOD TRADING !
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Futures Trading Levels
|Contract Dec. 2014||SP500||Nasdaq100||Dow Jones||Mini Russell||Dollar Index|
|Contract||Feb. Gold||Mar.Silver||Jan. Crude Oil||Mar. Bonds||Dec. Euro|
|Resistance 3||1235.2||16.77||67.52||144 10/32||1.2453|
|Resistance 2||1222.3||16.60||66.54||143 17/32||1.2400|
|Resistance 1||1213.2||16.49||64.75||143 1/32||1.2355|
|Support 1||1191.2||16.22||61.98||141 24/32||1.2257|
|Support 2||1178.3||16.05||61.00||140 31/32||1.2204|
|Support 3||1169.2||15.94||59.21||140 15/32||1.2159|
|Contract||March Corn||March Wheat||Jan. Beans||Jan. SoyMeal||Jan. bean Oil|
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