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 Friday October 21, 2016
ECB was almost a none event today with minor moves in the markets ( except an erratic and indecisive treasury sector)
Natural gas report came out and prices ended up pretty much where it was before the report…..
A good article about futures spreads available for your trading education.
Another thought for you day traders out there – have you ever considered trading ES vs NQ?
NQ vs YM? etc. instead of just taking an outright position?
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!
Levels for Trade Date of 10.21.2016
|Contract Dec. 2016||SP500||Nasdaq100||Dow Jones||Mini Russell||Dollar Index|
|Contract||Dec. Gold||Dec. Silver||Dec. Crude Oil||Dec. Bonds||Dec. Euro|
|Resistance 3||1283.8||18.00||52.85||166 24/32||1.1154|
|Resistance 1||1273.4||17.71||51.46||165 9/32||1.1030|
|Support 1||1263.0||17.41||50.07||163 26/32||1.0905|
|Support 2||1259.1||17.28||49.56||163 2/32||1.0861|
|Support 3||1252.6||17.12||48.68||162 11/32||1.0781|
|Contract||Dec. Corn||Dec. Wheat||Nov. Beans||Dec. SoyMeal||Nov. Nat Gas|
Public Sector Net Borrowing
EU Economic Summit
Belgian NBB Business Climate
FOMC Member Tarullo Speaks