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Futures Levels & Economic Reports 1.08.2015

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

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 January 8, 2015

Hello Traders,

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

The recent sell off and volatility in crude oil grabbed many headlines these past few months.

Crude oil has been one of my favorite markets for day trading over the last 10 years or so because of it’s volatility and the fact that it either rewards you or punishes you very quickly…

I wrote an article about day-trading crude oil futures which you can read here.

Below is a screen shot from my chart for today’s session.

I use 18 ticks range bar chart in addition to my 15 minutes charts.

CLEG5, - Crude Light (Globex), Feb 15: Range Bar, 18 Tick Units

CLEG5, – Crude Light (Globex), Feb 15: Range Bar, 18 Tick Units

The signals that appear are based on proprietary indicators developed by Ilan Levy-Mayer of LEVEX Capital Mgmt Inc. and VP of Cannon Trading Co, Inc.

The concept is a simple concept that looks for exhaustion in either buying/ selling and reversal. The signals that appear on the charts are alerting you for potential buy or sell IF/ONCE price confirmation occurred (crossing of the hull moving average). Full explanation along with chart samples included in the 23 page PDF booklets that comes with the free trial.

Would you like to have access to the DIAMOND and TOPAZ and 5T ALGOs as shown above and be able to apply for any market and any time frame on your own PC ? You can now have a three weeks free trial where the ALGO is enabled along with few studies for your own sierra/ATcharts.  The trial comes with a 23 page PDF booklet which explains the concepts, risks and methodology in more details.

To start your free 3 weeks trial, click here.

 

Our blog is nominated for the STAR award once again!

2014 Trader Planet Award

Trader Planet Award

Please vote for our blog at:

www.traderplanet.com/l/qYd

Once there, scroll to the blog category and select

Daily Futures Trading Levels and Insight  as your first place and submit at bottom of the page!

 

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

Contract March 2015 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2057.75 4235.58 17805 1190.23 93.13
Resistance 2 2040.75 4199.42 17664 1181.37 92.82
Resistance 1 2029.75 4175.08 17582 1176.13 92.52
Pivot 2012.75 4138.92 17441 1167.27 92.21
Support 1 2001.75 4114.58 17359 1162.03 91.91
Support 2 1984.75 4078.42 17218 1153.17 91.60
Support 3 1973.75 4054.08 17136 1147.93 91.30
Contract Feb. Gold Mar.Silver Feb. Crude Oil Mar. Bonds March   Euro
Resistance 3 1228.3 17.06 52.16 150 7/32 1.1989
Resistance 2 1223.9 16.86 50.73 149 15/32 1.1946
Resistance 1 1218.0 16.70 49.68 148 25/32 1.1894
Pivot 1213.6 16.50 48.25 148 1/32 1.1851
Support 1 1207.7 16.34 47.20 147 11/32 1.1799
Support 2 1203.3 16.14 45.77 146 19/32 1.1756
Support 3 1197.4 15.98 44.72 145 29/32 1.1704
Contract March Corn March Wheat March Beans March SoyMeal March bean Oil
Resistance 3 409.4 582.0 1068.08 363.53 33.61
Resistance 2 406.6 581.5 1062.92 360.47 33.51
Resistance 1 401.4 580.5 1059.58 357.23 33.33
Pivot 398.6 580.0 1054.42 354.17 33.23
Support 1 393.4 579.0 1051.1 350.9 33.1
Support 2 390.6 578.5 1045.92 347.87 32.95
Support 3 385.4 577.5 1042.58 344.63 32.77
5. Economic Reports

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

All times are Eastern time Zone (EST)

 

Date 4:04pm Currency Impact Detail Actual Forecast Previous Graph
ThuJan 8 2:00am EUR German Factory Orders m/m -0.6% 2.5%
3:00am GBP Halifax HPI m/m 0.3% 0.4%
5:00am EUR Retail Sales m/m 0.3% 0.4%
EUR PPI m/m -0.2% -0.4%
Tentative EUR French 10-y Bond Auction 1.11|2.4
7:00am GBP Official Bank Rate 0.50% 0.50%
GBP Asset Purchase Facility 375B 375B
Tentative GBP MPC Rate Statement
7:30am USD Challenger Job Cuts y/y -20.7%
8:30am CAD NHPI m/m 0.2% 0.1%
USD Unemployment Claims 291K 298K
10:30am USD Natural Gas Storage -120B -26B
3:00pm USD Consumer Credit m/m 15.1B 13.2B
4:45pm NZD Building Consents m/m 8.8%
5:30pm AUD AIG Construction Index 45.4
7:30pm AUD Retail Sales m/m 0.3% 0.4%
8:30pm CNY CPI y/y 1.5% 1.4%
CNY PPI y/y -3.1% -2.7%
8th-15th NZD REINZ HPI m/m 3.3%

 

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   | Crude Oil   | Day Trading   | Future Trading News   | Futures Trading  

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