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 September 30, 2015
For 2015 I would like to wish all of you discipline and patience in your trading!
Tomorrow is the last trading day for the month of September. Over the years I’ve noticed that the last trading day of the month often exhibits unique patterns some what of a different trading personality.
I have mentioned in the past the benefits of keeping a trading journal so you can learn from the mistakes and good trading behavior, keeping a trading journal can be a big asset. One example I noticed that happens on the last trading day of the month involves the bond market. I have noticed that during the last 30 minutes of what used to be the pit session, we will see a big move one way or the other. Sometimes the range during the last 30 minutes will be wider than the rest of the session prior.
This is just one example I wanted to hare but there are others in different markets and keeping a trading journal can help you identify repetitive patterns and perhaps take advantage of it.
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||Nov. Crude Oil||Dec. Bonds||Dec. Euro|
|Resistance 3||1143.8||14.96||47.23||159 26/32||1.1391|
|Resistance 2||1139.1||14.83||46.47||158 31/32||1.1343|
|Resistance 1||1133.0||14.72||45.83||158 13/32||1.1303|
|Support 2||1117.5||14.34||43.67||156 5/32||1.1167|
|Support 3||1111.4||14.23||43.03||155 19/32||1.1127|
|Contract||Dec. Corn||Dec. Wheat||Nov Beans||Dec. SoyMeal||Nov. Nat Gas|
|WedSep 30||2:00am||EUR||German Retail Sales m/m||0.2%||1.4%|
|2:45am||EUR||French Consumer Spending m/m||0.4%|
|Jul Data||EUR||French Consumer Spending m/m||0.2%||0.4%|
|3:55am||EUR||German Unemployment Change||-5K||-7K|
|4:00am||EUR||Italian Monthly Unemployment Rate||12.0%||12.0%|
|5:00am||EUR||CPI Flash Estimate y/y||0.0%||0.1%|
|EUR||Core CPI Flash Estimate y/y||0.9%||0.9%|
|EUR||Italian Prelim CPI m/m||-0.2%||0.2%|
|8:00am||USD||FOMC Member Dudley Speaks|
|8:15am||USD||ADP Non-Farm Employment Change||192K||190K|
|10:30am||USD||Crude Oil Inventories||-0.5M||-1.9M|
|3:00pm||USD||Fed Chair Yellen Speaks|
|8:00pm||USD||FOMC Member Brainard 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.