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Finding Support & Resistance 1.06.2016

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

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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 January 6, 2016

Hello Traders,

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

Voted #1 futures trading blog!

A short educational video to share with you, prepared by my colleague Joe Easton on finding support and resistance using our E-Futures trading platform:

Finding Levels of Support & Resistance  – https://vimeo.com/147645144 

IMPORTANT PLEASE NOTE:  TRADING COMMODITY FUTURES AND OPTIONS INVOLVE SUBSTANTIAL RISK OF LOSS.  THE RECOMMENDATIONS CONTAINED IN THE LETTER IS OF OPINION AND DOES NOT GUARANTEE ANY PROFITS.  THERE IS NOT AN ACTUAL ACCOUNT TRADING THESE RECOMMENDATIONS.   THESE ARE RISKY MARKETS AND ONLY RISK CAPITAL SHOULD BE USED.  PAST PERFORMANCES ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

 

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

Contract March 2016 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2046.00 4581.83 17387 1125.47 100.72
Resistance 2 2031.50 4552.42 17270 1118.63 100.23
Resistance 1 2021.25 4516.08 17174 1112.77 99.85
Pivot 2006.75 4486.67 17057 1105.93 99.35
Support 1 1996.50 4450.33 16961 1100.07 98.97
Support 2 1982.00 4420.92 16844 1093.23 98.48
Support 3 1971.75 4384.58 16748 1087.37 98.10
Contract Feb. Gold March Silver Jan. Crude Oil Mar. Bonds March   Euro
Resistance 3 1092.0 14.30 38.06 155 14/32 1.0970
Resistance 2 1086.8 14.18 37.58 155 1.0913
Resistance 1 1082.4 14.08 36.70 154 12/32 1.0841
Pivot 1077.2 13.96 36.22 153 30/32 1.0784
Support 1 1072.8 13.86 35.34 153 10/32 1.0712
Support 2 1067.6 13.74 34.86 152 28/32 1.0655
Support 3 1063.2 13.64 33.98 152 8/32 1.0583
Contract Mar. Corn Mar. Wheat Jan Beans Jan. SoyMeal Jan. Nat Gas
Resistance 3 359.7 470.8 872.08 273.20 2.45
Resistance 2 357.8 467.8 868.42 271.30 2.39
Resistance 1 355.4 464.5 862.83 268.80 2.36
Pivot 353.6 461.5 859.17 266.90 2.31
Support 1 351.2 458.3 853.6 264.4 2.3
Support 2 349.3 455.3 849.92 262.50 2.22
Support 3 346.9 452.0 844.33 260.00 2.19
Economic Reports

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

All times are Eastern time Zone (EST)

 

Date 4:19pm Currency Impact Detail Actual Forecast Previous Graph
WedJan 6 All Day EUR Italian Bank Holiday
 3:15am EUR Spanish Services PMI 56.9 56.7
3:45am EUR Italian Services PMI 53.8 53.4
3:50am EUR French Final Services PMI 50.0 50.0
3:55am EUR German Final Services PMI 55.4 55.4
4:00am EUR Final Services PMI 53.9 53.9
5:00am EUR PPI m/m -0.2% -0.3%
8:15am USD ADP Non-Farm Employment Change 193K 217K
8:30am USD Trade Balance -44.0B -43.9B
9:45am USD Final Services PMI 55.1 53.7
10:00am USD ISM Non-Manufacturing PMI 56.0 55.9
USD Factory Orders m/m -0.2% 1.5%
10:30am USD Crude Oil Inventories 2.6M
2:00pm USD FOMC Meeting Minutes

 

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: Future Trading News  

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