Futures Levels & Economic Reports 1.14.2015
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 January 14, 2015
Hello Traders,
For 2015 I would like to wish all of you discipline and patience in your trading!
Very volatile day in stock index futures and energy markets along with grains and a few others….
30 minutes ago I was planning to write on how today’s action may be a bearish signal but then stocks rebounded to close near the unchanged level and lead me to believe that we still need to see a decision day/point where either the bulls or the bears take the market sharply higher/ lower….
Mini Russell 2000 daily chart for your review. My opinion is that the Russell been some what of a leader in the volatile moves we have seen.
Wide range today and I am tempted to say, I would be on the sidelines waiting to see if we can break above 1200 or below 1162 before having a directional bias for the short-medium term.
TFE – Russell 2000 Index Mini, Equalized Active Daily Continuation (Delayed by 10 Mins.) : Heikin-Ashi
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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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| Contract March 2015 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2096.08 | 4351.08 | 18231 | 1234.17 | 93.33 |
| Resistance 2 | 2073.92 | 4299.42 | 18042 | 1216.83 | 92.98 |
| Resistance 1 | 2045.33 | 4230.08 | 17793 | 1197.37 | 92.72 |
| Pivot | 2023.17 | 4178.42 | 17604 | 1180.03 | 92.37 |
| Support 1 | 1994.58 | 4109.08 | 17355 | 1160.57 | 92.11 |
| Support 2 | 1972.42 | 4057.42 | 17166 | 1143.23 | 91.76 |
| Support 3 | 1943.83 | 3988.08 | 16917 | 1123.77 | 91.50 |
| Contract | Feb. Gold | Mar.Silver | Feb. Crude Oil | Mar. Bonds | March Euro |
| Resistance 3 | 1258.2 | 17.96 | 50.12 | 150 15/32 | 1.1949 |
| Resistance 2 | 1251.4 | 17.59 | 48.45 | 149 25/32 | 1.1908 |
| Resistance 1 | 1241.1 | 17.32 | 47.53 | 149 2/32 | 1.1842 |
| Pivot | 1234.3 | 16.94 | 45.86 | 148 12/32 | 1.1801 |
| Support 1 | 1224.0 | 16.67 | 44.94 | 147 21/32 | 1.1735 |
| Support 2 | 1217.2 | 16.30 | 43.27 | 146 31/32 | 1.1694 |
| Support 3 | 1206.9 | 16.03 | 42.35 | 146 8/32 | 1.1628 |
| Contract | March Corn | March Wheat | March Beans | March SoyMeal | March bean Oil |
| Resistance 3 | 420.3 | 566.8 | 1040.00 | 353.23 | 33.01 |
| Resistance 2 | 413.3 | 563.0 | 1032.00 | 349.07 | 32.88 |
| Resistance 1 | 399.5 | 555.5 | 1018.00 | 341.33 | 32.71 |
| Pivot | 392.5 | 551.8 | 1010.00 | 337.17 | 32.58 |
| Support 1 | 378.8 | 544.3 | 996.0 | 329.4 | 32.4 |
| Support 2 | 371.8 | 540.5 | 988.00 | 325.27 | 32.28 |
| Support 3 | 358.0 | 533.0 | 974.00 | 317.53 | 32.11 |
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 4:08pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| ThuJan 15 | 16th-17th | CNY | New Loans | 885B | 853B | ||||
| 5:00am | EUR | Trade Balance | 21.3B | 19.4B | |||||
| 8:30am | USD | PPI m/m | -0.3% | -0.2% | |||||
| USD | Unemployment Claims | 299K | 294K | ||||||
| USD | Core PPI m/m | 0.2% | 0.0% | ||||||
| USD | Empire State Manufacturing Index | 5.3 | -3.6 | ||||||
| 10:00am | USD | Philly Fed Manufacturing Index | 20.3 | 24.5 | |||||
| 10:30am | USD | Natural Gas Storage | -131B | ||||||
| 11:15am | EUR | German Buba President Weidmann Speaks | |||||||
| 6:50pm | JPY | Tertiary Industry Activity m/m | 0.3% | -0.2% | |||||
| 16th-18th | NZD | REINZ HPI m/m | 3.3% | ||||||
| 16th-19th | CNY | Foreign Direct Investment ytd/y | 0.7% |
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.
