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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 Thursday January 15, 2015

Hello Traders,

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

VOLATILITY is the keyword today and the last few weeks.

Personally I think this market has been harder to trade.

Do your homework. Review the charts over different time frames.

Do you need to adjust entry techniques? Do you need to use LESS leverage? Perhaps your stops needs to be adjusted based on volatility?

I am just throwing some ideas out there to help you think, research and hopefully implement and adapt to what I consider a different market for day trading than we have seen for most of 2014.

Our blog is nominated for the STAR award once again!

2014 Trader Planet Award

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Please vote for our blog at:

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Once there, scroll to the blog category and select

Daily Futures Trading Levels and Insight  as your first place and submit at bottom of the page!

 

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 March 2015 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2062.33 4244.08 17945 1204.93 93.52
Resistance 2 2040.92 4206.67 17756 1193.17 93.08
Resistance 1 2024.08 4175.33 17560 1183.63 92.68
Pivot 2002.67 4137.92 17371 1171.87 92.24
Support 1 1985.83 4106.58 17175 1162.33 91.85
Support 2 1964.42 4069.17 16986 1150.57 91.41
Support 3 1947.58 4037.83 16790 1141.03 91.01
Contract Feb. Gold Mar.Silver Feb. Crude Oil Mar. Bonds March   Euro
Resistance 3 1261.1 17.65 53.85 151 7/32 1.1975
Resistance 2 1252.8 17.37 51.38 150 25/32 1.1915
Resistance 1 1241.4 17.11 49.95 149 29/32 1.1855
Pivot 1233.1 16.84 47.48 149 15/32 1.1795
Support 1 1221.7 16.58 46.05 148 19/32 1.1735
Support 2 1213.4 16.30 43.58 148 5/32 1.1675
Support 3 1202.0 16.04 42.15 147 9/32 1.1615
Contract March Corn March Wheat March Beans March SoyMeal March bean Oil
Resistance 3 389.1 540.4 1030.33 345.67 33.10
Resistance 2 385.7 539.6 1020.42 341.03 32.97
Resistance 1 383.3 538.7 1014.83 338.27 32.90
Pivot 379.9 537.8 1004.92 333.63 32.77
Support 1 377.6 536.9 999.3 330.9 32.7
Support 2 374.2 536.1 989.42 326.23 32.57
Support 3 371.8 535.2 983.83 323.47 32.50
5. Economic Reports

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

All times are Eastern time Zone (EST)

Date 4:08pm Currency Impact Detail Actual Forecast Previous Graph
ThuJan 15 16th-17th CNY New Loans 885B 853B
5:00am EUR Trade Balance 21.3B 19.4B
8:30am USD PPI m/m -0.3% -0.2%
USD Unemployment Claims 299K 294K
USD Core PPI m/m 0.2% 0.0%
USD Empire State Manufacturing Index 5.3 -3.6
10:00am USD Philly Fed Manufacturing Index 20.3 24.5
10:30am USD Natural Gas Storage -131B
11:15am EUR German Buba President Weidmann Speaks
6:50pm JPY Tertiary Industry Activity m/m 0.3% -0.2%
16th-18th NZD REINZ HPI m/m 3.3%
16th-19th CNY Foreign Direct Investment ytd/y 0.7%

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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