Futures Levels and Economic Reports 3.20.2015
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 Friday March 20, 2015
For 2015 I would like to wish all of you discipline and patience in your trading!
DEFINITION of ‘Quadruple Witching’
The expiration date of various stock index futures, stock index options, stock options and single stock futures. All stock options contracts expire on the third Friday of each month and once every quarter – on the third Friday of March, June, September and December – all four asset classes expire on the same day. Because futures and options investors must close out of their positions on those days, they often witness increased trading volume.
INVESTOPEDIA EXPLAINS ‘Quadruple Witching’
The term “witching” comes from the fact that in the past, the expiration of futures and options contracts occurred not only on the same day, but at the same time. This often resulted in a period of greater-than-normal market volatility, which became known as the “witching hour.” Due to this increased volatility and frenzied market activity, many investors approach the markets differently on witching days.
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 June 2015||SP500||Nasdaq100||Dow Jones||Mini Russell||Dollar Index|
|Contract||Apr. Gold||May Silver||May Crude Oil||June Bonds||June Euro|
|Resistance 3||1197.6||16.70||48.63||165 19/32||1.1156|
|Resistance 2||1187.3||16.45||47.72||164 29/32||1.1043|
|Resistance 1||1179.2||16.29||46.59||164 4/32||1.0850|
|Support 1||1160.8||15.88||44.55||162 21/32||1.0544|
|Support 2||1150.5||15.63||43.64||161 31/32||1.0431|
|Support 3||1142.4||15.47||42.51||161 6/32||1.0238|
|Contract||May Corn||May Wheat||May Beans||May SoyMeal||April Nat Gas|
|FriMar 20||3:00am||EUR||German PPI m/m||0.2%||-0.6%|
|Day 2||EUR||EU Economic Summit|
|10:20am||USD||FOMC Member Lockhart Speaks|
|11:30am||USD||FOMC Member Evans 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.