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 Wednesday December 24, 2014
For 2014 I would like to wish all of you discipline and patience in your trading!
Trading is a tough journey. The mental aspect of it can be draining at times and can also consume us as people. Too often we allow for our trading day to dictate our feeling of well being….
I think the holidays are a great time of the year to place trading in the right perspective and to be thankful for all that we do have.
I wish you and your family a joyous holiday season and a happy, healthy 2015 and of course a successful trading year in 2015!!
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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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|Contract March 2014||SP500||Nasdaq100||Dow Jones||Mini Russell||Dollar Index|
|Contract||Feb. Gold||Mar.Silver||Feb. Crude Oil||Mar. Bonds||March Euro|
|Resistance 3||1195.1||16.22||60.64||146 3/32||1.2311|
|Resistance 2||1190.0||16.06||59.10||145 14/32||1.2283|
|Resistance 1||1182.6||15.88||58.14||144 5/32||1.2230|
|Support 1||1170.1||15.55||55.64||142 7/32||1.2149|
|Support 2||1165.0||15.39||54.10||141 18/32||1.2121|
|Support 3||1157.6||15.21||53.14||140 9/32||1.2068|
|Contract||March Corn||March Wheat||Jan. Beans||March SoyMeal||March bean Oil|
|WedDec 24||All Day||EUR||German Bank Holiday|
|10:30am||USD||Crude Oil Inventories||-2.4M||-0.8M|
|12:00pm||USD||Natural Gas Storage||-81B||-64B|
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.