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Support & Resistance Levels

This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.

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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 March 20, 2015

Hello Traders,

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.


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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Futures Trading Levels

Contract June 2015 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2117.67 4459.33 18207 1263.87 102.80
Resistance 2 2108.33 4447.17 18127 1257.63 101.28
Resistance 1 2095.17 4435.83 18008 1254.37 100.40
Pivot 2085.83 4423.67 17928 1248.13 98.88
Support 1 2072.67 4412.33 17809 1244.87 98.00
Support 2 2063.33 4400.17 17729 1238.63 96.48
Support 3 2050.17 4388.83 17610 1235.37 95.60
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
Pivot 1168.9 16.04 45.68 163 14/32 1.0737
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
Resistance 3 379.7 512.8 976.00 334.67 3.06
Resistance 2 377.3 512.7 971.25 331.03 2.99
Resistance 1 375.4 512.3 966.50 325.17 2.91
Pivot 373.1 512.2 961.75 321.53 2.84
Support 1 371.2 511.8 957.0 315.7 2.8
Support 2 368.8 511.7 952.25 312.03 2.69
Support 3 366.9 511.3 947.50 306.17 2.60
5. Economic Reports


All times are Eastern time Zone (EST)


Date 4:04pm Currency Impact Detail Actual Forecast Previous Graph
FriMar 20  3:00am EUR German PPI m/m 0.2% -0.6%
5:00am EUR Current Account 21.3B 17.8B
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.

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