Futures Levels and Economic Reports 11.20.2015
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 Friday November 20, 2015
Hello Traders,
For 2015 I would like to wish all of you discipline and patience in your trading!
A good client of mine once shared the following advice and I wanted to pass it along, especially when you are stuck in a losing trade “hoping”….If you are in a trade that is losing more than you would like and find yourself “stuck with hopes” it will turn around…..Step back for a second, imagine you are NOT in any position, look at your chart/method of analyzing trades and ask yourself, which way would you trade this market if you did not have any position?
This may help you come up with a much more objective view of the market than the one you are holding, which is filled with hopes.
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
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 | 2100.92 | 4703.33 | 17890 | 1184.60 | 100.17 |
| Resistance 2 | 2095.08 | 4690.17 | 17829 | 1179.50 | 99.85 |
| Resistance 1 | 2086.92 | 4673.08 | 17766 | 1171.70 | 99.45 |
| Pivot | 2081.08 | 4659.92 | 17705 | 1166.60 | 99.12 |
| Support 1 | 2072.92 | 4642.83 | 17642 | 1158.80 | 98.72 |
| Support 2 | 2067.08 | 4629.67 | 17581 | 1153.70 | 98.40 |
| Support 3 | 2058.92 | 4612.58 | 17518 | 1145.90 | 98.00 |
| Contract | Dec. Gold | Dec. Silver | Jan. Crude Oil | Dec. Bonds | Dec. Euro |
| Resistance 3 | 1107.6 | 14.65 | 43.45 | 155 20/32 | 1.0891 |
| Resistance 2 | 1097.1 | 14.51 | 42.91 | 155 9/32 | 1.0829 |
| Resistance 1 | 1089.3 | 14.37 | 42.33 | 155 1/32 | 1.0785 |
| Pivot | 1078.8 | 14.23 | 41.79 | 154 22/32 | 1.0723 |
| Support 1 | 1071.0 | 14.09 | 41.21 | 154 14/32 | 1.0679 |
| Support 2 | 1060.5 | 13.95 | 40.67 | 154 3/32 | 1.0617 |
| Support 3 | 1052.7 | 13.81 | 40.09 | 153 27/32 | 1.0573 |
| Contract | Dec. Corn | Dec. Wheat | Jan Beans | Dec. SoyMeal | Dec. Nat Gas |
| Resistance 3 | 371.7 | 506.4 | 870.67 | 291.40 | 2.46 |
| Resistance 2 | 368.6 | 499.6 | 866.83 | 289.60 | 2.42 |
| Resistance 1 | 366.4 | 495.2 | 863.42 | 288.10 | 2.34 |
| Pivot | 363.3 | 488.3 | 859.58 | 286.30 | 2.30 |
| Support 1 | 361.2 | 483.9 | 856.2 | 284.8 | 2.2 |
| Support 2 | 358.1 | 477.1 | 852.33 | 283.00 | 2.18 |
| Support 3 | 355.9 | 472.7 | 848.92 | 281.50 | 2.10 |
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 3:56pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| FriNov 20 | 2:00am | EUR | German PPI m/m | -0.2% | -0.4% | ||||
| 3:00am | EUR | ECB President Draghi Speaks | |||||||
| 5:15am | EUR | German Buba President Weidmann Speaks | |||||||
| 10:00am | EUR | Consumer Confidence | -7 | -8 | |||||
| 11:15am | USD | FOMC Member Dudley Speaks |
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.
