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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 Thursday December 17, 2015
Hello Traders,
For 2015 I would like to wish all of you discipline and patience in your trading!
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Here is some futures market insight from our Senior Broker, Joe Easton:
When Trading Markets around reports, having stop and limit orders in advance can be imperative due to the speed of the move can be faster than your finger can click.
Additionally, it is more important to have a plan in advance and levels to use while managing your trade. By turning off the 24 hour function on the chart and showing only RTH (regular trading hours) You can see how the spike low of 2031 was the same exact price as yesterday’s opening print. This small tip can help weed out the Globex noise.
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 March 2016 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2116.25 | 4788.92 | 18077 | 1169.07 | 99.88 |
| Resistance 2 | 2092.50 | 4729.33 | 17891 | 1157.63 | 99.26 |
| Resistance 1 | 2078.50 | 4694.17 | 17777 | 1150.37 | 98.86 |
| Pivot | 2054.75 | 4634.58 | 17591 | 1138.93 | 98.24 |
| Support 1 | 2040.75 | 4599.42 | 17477 | 1131.67 | 97.84 |
| Support 2 | 2017.00 | 4539.83 | 17291 | 1120.23 | 97.22 |
| Support 3 | 2003.00 | 4504.67 | 17177 | 1112.97 | 96.82 |
| Contract | Feb. Gold | March Silver | Jan. Crude Oil | Mar. Bonds | March Euro |
| Resistance 3 | 1098.3 | 14.98 | 38.96 | 157 2/32 | 1.1135 |
| Resistance 2 | 1088.1 | 14.64 | 38.16 | 156 7/32 | 1.1087 |
| Resistance 1 | 1080.6 | 14.41 | 36.90 | 155 9/32 | 1.1010 |
| Pivot | 1070.4 | 14.08 | 36.10 | 154 14/32 | 1.0962 |
| Support 1 | 1062.9 | 13.85 | 34.84 | 153 16/32 | 1.0885 |
| Support 2 | 1052.7 | 13.51 | 34.04 | 152 21/32 | 1.0837 |
| Support 3 | 1045.2 | 13.28 | 32.78 | 151 23/32 | 1.0760 |
| Contract | Mar. Corn | Mar. Wheat | Jan Beans | Jan. SoyMeal | Jan. Nat Gas |
| Resistance 3 | 383.4 | 506.0 | 883.67 | 277.73 | 1.93 |
| Resistance 2 | 380.6 | 501.5 | 876.83 | 275.37 | 1.89 |
| Resistance 1 | 375.2 | 492.5 | 869.67 | 272.63 | 1.86 |
| Pivot | 372.3 | 488.0 | 862.83 | 270.27 | 1.82 |
| Support 1 | 366.9 | 479.0 | 855.7 | 267.5 | 1.8 |
| Support 2 | 364.1 | 474.5 | 848.83 | 265.17 | 1.74 |
| Support 3 | 358.7 | 465.5 | 841.67 | 262.43 | 1.71 |
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 4:01pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| ThuDec 17 | 4:00am | EUR | German Ifo Business Climate | 109.2 | 109.0 | ||||
| EUR | ECB Economic Bulletin | ||||||||
| EUR | Italian Trade Balance | 2.87B | 2.19B | ||||||
| 8:30am | USD | Philly Fed Manufacturing Index | 2.1 | 1.9 | |||||
| USD | Unemployment Claims | 271K | 282K | ||||||
| USD | Current Account | -123B | -110B | ||||||
| 10:00am | USD | CB Leading Index m/m | 0.2% | 0.6% | |||||
| 10:30am | USD | Natural Gas Storage | -58B | -76B |
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.