The Futures Trader's Destination for Over 25 Years

Open an Account
Call Us Free: 1-800-454-9572
Why Trade with Cannon?
  • USA
  • Canada
  • Mexico
  • United Kingdom
  • France
  • Italy
  • Spain
  • Germany
  • Australia
  • Netherlands
  • Romania
  • Belgium
  • Sweden
  • Czech Republic
  • Hungary
  • Switzerland
  • Austria
  • Portugal
  • Denmark
  • Greece
  • UAE
  • Israel
  • Jordan
  • Saudi Arabia
  • India
  • Argentina
  • Costa Rica
  • Peru
  • Chile
  • Brazil
  • China
  • Hong Kong
  • Japan
  • Russia
  • Thailand
  • South Korea
  • Taiwan
  • Philippines
  • Singapore
  • And Many More!
Countries We Accept Clients From | International Calls: 310-859-9572

FOMC Tomorrow + Trading Levels 3.15.2017

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

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp  

____________________________________________________________________

Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

____________________________________________________________________

* Big day tomorrow.

We have FOMC, crude oil numbers, Housing numbers, CPI……..Little note about trading on FOMC below:

** The FOMC interest rate decision is due at 2:15 ET in the US tomorrow.

FOMC days have different characteristics than other trading days. If you have traded for a while, check your trading notes from past FOMC days that may help you prepare for tomorrow.

if you are a newcomer, take a more conservative approach and make sure you understand that the news can really move the market.

The following are suggestions on trading during FOMC days:

  • Reduce trading size
  • Be extra picky = no trade is better than a bad trade
  • Choose entry points wisely. Look at longer time frame support and resistance for entry. Take the approach of entering at points where you normally would have placed protective stops. Example, trader x looking to go long the mini SP at 2365.00 with a stop at 2359.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 2359.75 and place a stop a few points below in this hypothetical example.
  • Expect the higher volatility during and right after the announcement
  • Expect to see some “vacuum” ( low volume, big zigzags) right before the number.
  • Consider using automated stops and limits attached to your entry order as the market can move very fast at times.
  • Know what the market was expecting, learn what came out and observe market reaction for clues
  • Be patient and be disciplined

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 03.15.2017

Contract June 2017  SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2388.33 5440.17 20943 1388.73 102.24
Resistance 2 2379.92 5420.33 20891 1378.97 101.95
Resistance 1 2371.58 5403.17 20848 1370.23 101.80
Pivot 2363.17 5383.33 20796 1360.47 101.51
Support 1 2354.83 5366.17 20753 1351.73 101.35
Support 2 2346.42 5346.33 20701 1341.97 101.06
Support 3 2338.08 5329.17 20658 1333.23 100.91
Contract Apr. Gold May Silver April Crude Oil June  Bonds June  Euro
Resistance 3 1215.6 17.21 50.50 147 28/32 1.0755
Resistance 2 1211.5 17.14 49.65 147 15/32 1.0733
Resistance 1 1205.0 17.02 48.80 147  3/32 1.0693
Pivot 1200.9 16.95 47.95 146 22/32 1.0671
Support 1 1194.4 16.83 47.10 146 10/32 1.0631
Support 2 1190.3 16.76 46.25 145 29/32 1.0609
Support 3 1183.8 16.64 45.40 145 17/32 1.0569
Contract May  Corn May Wheat May Beans May SoyMeal April Nat Gas
Resistance 3 369.0 439.8 1019.75 336.17 3.17
Resistance 2 366.8 437.2 1012.75 333.93 3.12
Resistance 1 364.5 433.8 1006.00 330.57 3.03
Pivot 362.3 431.2 999.00 328.33 2.98
Support 1 360.0 427.8 992.3 325.0 2.9
Support 2 357.8 425.2 985.25 322.73 2.84
Support 3 355.5 421.8 978.50 319.37 2.76

All times are Eastern time Zone (EST)

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

Date 3:26pm Currency Impact Detail Actual Forecast Previous Graph
WedMar 15  3:45am EUR
French Final CPI m/m
0.1% 0.1%
5:00am EUR
Italian Retail Sales m/m
0.1% -0.5%
5:30am GBP
Average Earnings Index 3m/y
2.4% 2.6%
GBP
Claimant Count Change
3.2K -42.4K
GBP
Unemployment Rate
4.8% 4.8%
6:00am EUR
Employment Change q/q
0.2% 0.2%
Tentative EUR
German 30-y Bond Auction
1.04|1.3
8:30am USD
CPI m/m
0.0% 0.6%
USD
Core CPI m/m
0.2% 0.3%
USD
Core Retail Sales m/m
0.1% 0.8%
USD
Retail Sales m/m
0.2% 0.4%
USD
Empire State Manufacturing Index
15.3 18.7
10:00am USD
Business Inventories m/m
0.3% 0.4%
USD
NAHB Housing Market Index
65 65
10:30am USD
Crude Oil Inventories
8.2M
2:00pm USD
FOMC Economic Projections
USD
FOMC Statement
USD
Federal Funds Rate
<1.00% <0.75%
2:30pm USD
FOMC Press Conference
4:00pm USD
TIC Long-Term Purchases
-12.9B

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  

Comments are closed.

Download Cannon’s new eBook, “Futures Forthright” instantly.


Quick Tip: After registering you will be emailed login information, so be sure to use an email address you have access to. If you need assistance please call us at 1-800-454-9572, a professional broker will help you through the registration process.
________
Doing Business With
See more...
Loading
Loading

Loading