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Elections Note and Moving Averages Crossover Video 11.09.2016

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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 Wednesday November 09, 2016

Greetings!

A nice educational video by my colleague Jack Engin on moving average crossovers and chart formations at:

https://vimeo.com/190261217

Elections and Margins note:

With elections taking place, most of our FCMs ( clearing firms) raised the daytrading margins to either 50% or 100% of the overnight level.

This is currently not affecting Transact and Shogun users.

An example may be that you could normally day trade crude oil with $800 per contract but for Tonight through Wednesday morning you will need either full margin in the amount of approximately $4,000 or 50% which will be $2,000.

Not all software and clearing houses did so but we recommend you contact your broker to find out exactly what your margins are set at. This is a temporary increase ahead of anticipated volatility.

In my opinion this will help you protect yourself just as much as it does the firm….

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.

If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

Futures Trading Levels

Levels for Trade Date of 11.09.2016

Contract Dec. 2016 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2170.42 4901.33 18588 1218.03 98.53
Resistance 2 2156.83 4861.92 18466 1208.47 98.26
Resistance 1 2146.17 4831.58 18372 1200.13 98.10
Pivot 2132.58 4792.17 18250 1190.57 97.83
Support 1 2121.92 4761.83 18156 1182.23 97.67
Support 2 2108.33 4722.42 18034 1172.67 97.40
Support 3 2097.67 4692.08 17940 1164.33 97.24
Contract Dec. Gold Dec. Silver Dec. Crude Oil Dec. Bonds Dec.   Euro
Resistance 3 1305.5 19.21 46.26 164 14/32 1.1130
Resistance 2 1298.5 18.97 45.83 163 27/32 1.1107
Resistance 1 1287.3 18.66 45.28 162 30/32 1.1072
Pivot 1280.3 18.42 44.85 162 11/32 1.1049
Support 1 1269.1 18.10 44.30 161 14/32 1.1014
Support 2 1262.1 17.86 43.87 160 27/32 1.0991
Support 3 1250.9 17.55 43.32 159 30/32 1.0956
Contract Dec. Corn Dec. Wheat Jan. Beans Dec. SoyMeal Dec. Nat Gas
Resistance 3 368.0 429.8 1034.42 327.13 3.03
Resistance 2 362.3 424.8 1027.58 323.17 2.94
Resistance 1 358.3 420.0 1019.42 319.43 2.78
Pivot 352.5 415.0 1012.58 315.47 2.69
Support 1 348.5 410.3 1004.4 311.7 2.5
Support 2 342.8 405.3 997.58 307.77 2.44
Support 3 338.8 400.5 989.42 304.03 2.28

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

All times are Eastern time Zone (EST)

Date 4:04pm Currency Impact Detail Actual Forecast Previous Graph
WedNov 9  4:30am GBP
Goods Trade Balance
-11.3B -12.1B
5:00am EUR
EU Economic Forecasts
10:00am USD
Final Wholesale Inventories m/m
0.2% 0.2%
10:30am USD
Crude Oil Inventories
1.3M 14.4M
1:00pm GBP
MPC Member Haldane Speaks
1:01pm USD
10-y Bond Auction
1.79|2.5
7:01pm GBP
RICS House Price Balance
18% 17%

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 judgement in trading.

Tags: Posted in: Future Trading News  

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