Futures Gold Breaks Recent Lows 11.18.2015
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 Wednesday November 18, 2015
Hello Traders,
For 2015 I would like to wish all of you discipline and patience in your trading!
As I was about to write today’s blog, it hit me that i would like to know more from you, the reader what kind of topics you like to see in this blog?Take a minute or two and reply back with which of the following you like to see more of:
- More about trading techniques?
- Perhaps more charts/ analyzing the markets?
- 3rd party resources?
- Trading psychology?
- Any other topic?
- You like the blog mix as is….
On a different note, gold just broke recent lows, weekly chart for your review below with some possible levels to watch:
GCE – Gold (Globex), Weekly Continuation
Many ways to trade any market, many ways to lose money in any market and only very few ways to lock in gains. If you need help creating a trading plan, visit our broker assist services.
GOOD TRADING
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| Contract Dec. 2015 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2082.33 | 4637.75 | 17694 | 1178.40 | 100.26 |
| Resistance 2 | 2072.92 | 4617.75 | 17625 | 1172.00 | 100.05 |
| Resistance 1 | 2060.33 | 4592.00 | 17538 | 1161.10 | 99.88 |
| Pivot | 2050.92 | 4572.00 | 17469 | 1154.70 | 99.67 |
| Support 1 | 2038.33 | 4546.25 | 17382 | 1143.80 | 99.50 |
| Support 2 | 2028.92 | 4526.25 | 17313 | 1137.40 | 99.29 |
| Support 3 | 2016.33 | 4500.50 | 17226 | 1126.50 | 99.12 |
| Contract | Dec. Gold | Dec. Silver | Dec. Crude Oil | Dec. Bonds | Dec. Euro |
| Resistance 3 | 1101.8 | 14.42 | 43.12 | 155 31/32 | 1.0747 |
| Resistance 2 | 1093.5 | 14.33 | 42.58 | 155 1/32 | 1.0721 |
| Resistance 1 | 1081.1 | 14.25 | 41.67 | 154 13/32 | 1.0686 |
| Pivot | 1072.8 | 14.16 | 41.13 | 153 15/32 | 1.0660 |
| Support 1 | 1060.4 | 14.08 | 40.22 | 152 27/32 | 1.0625 |
| Support 2 | 1052.1 | 13.99 | 39.68 | 151 29/32 | 1.0599 |
| Support 3 | 1039.7 | 13.91 | 38.77 | 151 9/32 | 1.0564 |
| Contract | Dec. Corn | Dec. Wheat | Jan Beans | Dec. SoyMeal | Dec. Nat Gas |
| Resistance 3 | 367.8 | 502.3 | 871.33 | 291.80 | 2.53 |
| Resistance 2 | 365.2 | 498.2 | 868.17 | 290.90 | 2.46 |
| Resistance 1 | 363.6 | 492.8 | 866.08 | 289.70 | 2.42 |
| Pivot | 360.9 | 488.7 | 862.92 | 288.80 | 2.35 |
| Support 1 | 359.3 | 483.3 | 860.8 | 287.6 | 2.3 |
| Support 2 | 356.7 | 479.2 | 857.67 | 286.70 | 2.24 |
| Support 3 | 355.1 | 473.8 | 855.58 | 285.50 | 2.20 |
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 3:37pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| WedNov 18 | 8:00am | USD | FOMC Member Dudley Speaks | ||||||
| 8:30am | USD | Building Permits | 1.15M | 1.11M | |||||
| USD | Housing Starts | 1.16M | 1.21M | ||||||
| 10:30am | USD | Crude Oil Inventories | 2.3M | 4.2M | |||||
| 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.
