Futures Levels & Economic Reports 8.18.2015

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.

Futures Levels & Economic Reports 8.18.2015

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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 Tuesday August 18, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Hello Traders,

Today I must share an observation that may help many of you.

So many times as a broker I see clients who know how to make money…I see it in the daily statements, good winning %, consistent profits UNTIL….something happens. Either the client who is normally a day-trader decides to carry his/hers losing position and make it into a swing trade…..OR the trader is down and refuses to accept the fact it may be a losing day and decides to double down and get more aggressive because if this trade is a winner he will have another winning day….the examples go on and no I am not referring to anyone specific although many of you probably think I am talking about them.
I have done it before as a trader. It is the inability to accept a loss that creates this snow ball.
I am not a psychologist nor a professional writer ( English is my second language if you did not tell by now (-:
What I am hoping for is that by writing this I may help the “good voice” inside your head that tells you DONT double down OR just keep the stop, win over that bad voice that is whispering to you to go ahead and reverse the position and double it when it is clearly not in your game plan…Trading is tough mentally, financially and emotionally, help yourself be a better trader by being a more disciplined trader.

Did you know Cannon offers FOREX trading including the MT4 platformCheck out our Trading Systems/ALGO Trading and Managed Accounts section!

Many ways to trade any market, many ways to lose money in any market and only very few ways to lock in gainsIf 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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Futures Trading Levels

Contract Sept. 2015 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2131.75 4645.75 17794 1250.60 97.44
Resistance 2 2115.50 4605.25 17653 1236.70 97.20
Resistance 1 2107.25 4584.25 17579 1229.40 97.00
Pivot 2091.00 4543.75 17438 1215.50 96.76
Support 1 2082.75 4522.75 17364 1208.20 96.57
Support 2 2066.50 4482.25 17223 1194.30 96.33
Support 3 2058.25 4461.25 17149 1187.00 96.13
Contract Dec. Gold Sept. Silver Sept. Crude Oil Sept. Bonds Sept.   Euro
Resistance 3 1131.1 15.58 43.55 160 6/32 1.1190
Resistance 2 1126.6 15.48 43.12 159 25/32 1.1160
Resistance 1 1121.8 15.38 42.50 159 7/32 1.1122
Pivot 1117.3 15.28 42.07 158 26/32 1.1092
Support 1 1112.5 15.19 41.45 158 8/32 1.1054
Support 2 1108.0 15.09 41.02 157 27/32 1.1024
Support 3 1103.2 14.99 40.40 157 9/32 1.0986
Contract Dec. Corn Dec. Wheat Nov Beans Dec. SoyMeal Sept. Nat Gas
Resistance 3 385.5 522.3 934.00 324.30 2.85
Resistance 2 382.5 518.2 928.50 321.50 2.82
Resistance 1 378.5 511.3 922.75 318.10 2.78
Pivot 375.5 507.2 917.25 315.30 2.75
Support 1 371.5 500.3 911.5 311.9 2.7
Support 2 368.5 496.2 906.00 309.10 2.68
Support 3 364.5 489.3 900.25 305.70 2.64
Economic Reports

source:http://www.forexfactory.com/calendar.php

All times are Eastern time Zone (EST)

 

Date 3:37pm Currency Impact Detail Actual Forecast Previous Graph
TueAug 18 8:30am USD Building Permits 1.21M 1.34M
USD Housing Starts 1.20M 1.17M

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

 

Tags: > Posted in: Commodity Trading   | Day Trading   | Future Trading News   | Futures Trading   | Options Trading  

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