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 August 19, 2015
For 2015 I would like to wish all of you discipline and patience in your trading!
- © Forex Factory
|Source||Federal Reserve (latest release)|
|Usual Effect||More hawkish than expected = Good for currency;|
|Frequency||Scheduled 8 times per year, 3 weeks after the Federal Funds Rate is announced;|
|Next Release||Oct 8, 2015|
|It’s a detailed record of the FOMC’s most recent meeting, providing in-depth insights into the economic and financial conditions that influenced their vote on where to set interest rates;|
|Acro Expand||Federal Open Market Committee (FOMC);|
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 Sept. 2015||SP500||Nasdaq100||Dow Jones||Mini Russell||Dollar Index|
|Contract||Dec. Gold||Sept. Silver||Sept. Crude Oil||Sept. Bonds||Sept. Euro|
|Resistance 3||1133.9||15.86||45.00||160 19/32||1.1161|
|Resistance 2||1127.1||15.59||44.19||159 31/32||1.1130|
|Resistance 1||1122.0||15.21||43.56||158 28/32||1.1083|
|Support 1||1110.1||14.57||42.12||157 5/32||1.1005|
|Support 2||1103.3||14.30||41.31||156 17/32||1.0974|
|Support 3||1098.2||13.92||40.68||155 14/32||1.0927|
|Contract||Dec. Corn||Dec. Wheat||Nov Beans||Dec. SoyMeal||Sept. Nat Gas|
|WedAug 19||4:00am||EUR||Current Account||19.2B||18.0B|
|USD||Core CPI m/m||0.2%||0.2%|
|10:30am||USD||Crude Oil Inventories||-0.6M||-1.7M|
|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.