Posted By: Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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 25, 2015
For 2015 I would like to wish all of you discipline and patience in your trading!
Wishing everyone a Happy Thanksgiving with family and loved ones. Our blog will return Monday afternoon, Nov 30th.Tomorrow all markets have normal schedule. Friday most markets close early.Here is a quick, screen shot summary:
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.
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|
|Contract||Dec. Gold||Dec. Silver||Jan. Crude Oil||Dec. Bonds||Dec. Euro|
|Resistance 3||1093.8||14.51||45.22||156 22/32||1.0733|
|Resistance 2||1087.2||14.39||44.34||156 7/32||1.0705|
|Resistance 1||1081.2||14.26||43.62||155 20/32||1.0678|
|Support 1||1068.6||14.01||42.02||154 18/32||1.0623|
|Support 2||1062.0||13.89||41.14||154 3/32||1.0595|
|Support 3||1056.0||13.76||40.42||153 16/32||1.0568|
|Contract||Dec. Corn||Dec. Wheat||Jan Beans||Dec. SoyMeal||Jan. Nat Gas|
|WedNov 25||5:00am||EUR||Italian Retail Sales m/m||0.5%||0.3%|
|Tentative||EUR||German 10-y Bond Auction||0.44|1.2|
|8:30am||USD||Core Durable Goods Orders m/m||0.5%||-0.3%|
|USD||Core PCE Price Index m/m||0.1%||0.1%|
|USD||Durable Goods Orders m/m||1.6%||-1.2%|
|USD||Personal Spending m/m||0.3%||0.1%|
|USD||Personal Income m/m||0.4%||0.1%|
|9:45am||USD||Flash Services PMI||55.2||54.8|
|10:00am||USD||New Home Sales||500K||468K|
|USD||Revised UoM Consumer Sentiment||93.2||93.1|
|USD||Revised UoM Inflation Expectations||2.5%|
|10:30am||USD||Crude Oil Inventories||1.2M||0.3M|
|12:00pm||USD||Natural Gas Storage||5B||15B|
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.