Economic Reports and Futures Levels 12.09.2014

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

Hello Traders,

 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:

ENQ - E-mini NASDAQ -100, Equalized Active Daily Continuation - Heikin:Ashi

ENQ – E-mini NASDAQ -100, Equalized Active Daily Continuation – Heikin:Ashi

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. Past performance is not indicative to future results.

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Futures Trading Levels

Contract Dec. 2014 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2097.33 4374.92 18115 1208.27 90.17
Resistance 2 2087.42 4347.58 18039 1198.63 89.87
Resistance 1 2073.58 4313.67 17945 1182.57 89.52
Pivot 2063.67 4286.33 17869 1172.93 89.21
Support 1 2049.83 4252.42 17775 1156.87 88.86
Support 2 2039.92 4225.08 17699 1147.23 88.56
Support 3 2026.08 4191.17 17605 1131.17 88.21
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
Pivot 1200.3 16.33 63.77 142 8/32 1.2302
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
Resistance 3 406.3 609.3 1061.83 383.90 32.56
Resistance 2 402.8 606.0 1053.42 378.70 32.36
Resistance 1 396.5 602.0 1048.58 374.40 32.10
Pivot 393.0 598.8 1040.17 369.20 31.90
Support 1 386.8 594.8 1035.3 364.9 31.6
Support 2 383.3 591.5 1026.92 359.70 31.44
Support 3 377.0 587.5 1022.08 355.40 31.18
Economic Reports

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

All times are Eastern time Zone (EST)

 

Date 4:29pm Currency Impact Detail Actual Forecast Previous Graph
TueDec 9  2:00am EUR German Trade Balance 18.1B 18.5B
2:45am EUR French Gov Budget Balance -80.5B
EUR French Trade Balance -4.5B -4.7B
All Day EUR ECOFIN Meetings
7:30am USD NFIB Small Business Index 96.6 96.1
10:00am USD JOLTS Job Openings 4.81M 4.74M
USD IBD/TIPP Economic Optimism 47.2 46.4
USD Wholesale Inventories m/m 0.1% 0.3%

 

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.


Tags: > > > Posted in: Commodity Trading   | Future Trading News   | Futures Trading   | Indices  

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