Futures & Commodity Trading Tools 10.16.2015
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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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!
Browse and use our FREE Trading Resources for Futures and Commodities
Did you know Cannon offers FOREX trading including the MT4 platform?Check out our Trading Systems/ALGO Trading and Managed Accounts section!
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.
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| 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 |
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.
