Economic Reports & Futures Levels 1.15.2015
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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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.
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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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| 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 |
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.
