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Support & Resistance Levels

This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.

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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 Thursday October 16, 2015

Hello Traders,

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

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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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Futures Trading Levels

Contract Dec. 2015 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2061.33 4514.25 17384 1201.27 95.58
Resistance 2 2039.67 4462.75 17225 1181.13 95.10
Resistance 1 2028.33 4435.50 17142 1170.77 94.79
Pivot 2006.67 4384.00 16983 1150.63 94.31
Support 1 1995.33 4356.75 16900 1140.27 93.99
Support 2 1973.67 4305.25 16741 1120.13 93.51
Support 3 1962.33 4278.00 16658 1109.77 93.20
Contract Dec. Gold Dec. Silver Nov. Crude Oil Dec. Bonds Dec.   Euro
Resistance 3 1209.2 16.54 49.08 160 17/32 1.1604
Resistance 2 1200.5 16.37 47.98 160 3/32 1.1554
Resistance 1 1191.4 16.25 47.43 159 16/32 1.1471
Pivot 1182.7 16.07 46.33 159 2/32 1.1421
Support 1 1173.6 15.95 45.78 158 15/32 1.1338
Support 2 1164.9 15.78 44.68 158 1/32 1.1288
Support 3 1155.8 15.66 44.13 157 14/32 1.1205
Contract Dec. Corn Dec. Wheat Nov Beans Dec. SoyMeal Nov. Nat Gas
Resistance 3 382.8 520.3 924.42 322.90 2.67
Resistance 2 381.2 516.5 920.08 320.80 2.62
Resistance 1 378.3 509.5 912.67 317.40 2.54
Pivot 376.7 505.8 908.33 315.30 2.49
Support 1 373.8 498.8 900.9 311.9 2.4
Support 2 372.2 495.0 896.58 309.80 2.37
Support 3 369.3 488.0 889.17 306.40 2.28
Economic Reports

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

All times are Eastern time Zone (EST)

Date 4:22pm Currency Impact Detail Actual Forecast Previous Graph
FriOct 16  4:00am EUR Italian Trade Balance 4.23B 8.03B
5:00am EUR Final CPI y/y -0.1% -0.1%
EUR Final Core CPI y/y 0.9% 0.9%
EUR Trade Balance 22.2B 22.4B
9:15am USD Capacity Utilization Rate 77.4% 77.6%
USD Industrial Production m/m -0.2% -0.4%
10:00am USD Prelim UoM Consumer Sentiment 88.8 87.2
USD JOLTS Job Openings 5.77M 5.75M
USD Prelim UoM Inflation Expectations 2.8%
4:00pm USD TIC Long-Term Purchases 24.3B 7.7B

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: Commodity Trading   | Day Trading   | Future Trading News   | Futures Trading   | Options Trading  

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