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 February 3, 2016
For 2015 I would like to wish all of you discipline and patience in your trading!
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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|
|Contract||Apr. Gold||March Silver||Mar. Crude Oil||Mar. Bonds||March Euro|
|Resistance 3||1141.8||14.58||32.73||165 18/32||1.1008|
|Resistance 2||1136.7||14.49||32.13||164 15/32||1.0980|
|Resistance 1||1132.9||14.40||31.01||163 26/32||1.0954|
|Support 1||1124.0||14.23||29.29||162 2/32||1.0899|
|Support 2||1118.9||14.14||28.69||160 31/32||1.0871|
|Support 3||1115.1||14.05||27.57||160 10/32||1.0845|
|Contract||Mar. Corn||Mar. Wheat||Mar Beans||Mar. SoyMeal||March Nat Gas|
|WedFeb 3||3:15am||EUR||Spanish Services PMI||54.6||55.1|
|3:45am||EUR||Italian Services PMI||54.2||55.3|
|3:50am||EUR||French Final Services PMI||50.6||50.6|
|3:55am||EUR||German Final Services PMI||55.4||55.4|
|4:00am||EUR||Final Services PMI||53.6||53.6|
|5:00am||EUR||Italian Prelim CPI m/m||-0.1%||0.0%|
|EUR||Retail Sales m/m||0.4%||-0.3%|
|8:15am||USD||ADP Non-Farm Employment Change||193K||257K|
|9:45am||USD||Final Services PMI||53.7||53.7|
|10:00am||USD||ISM Non-Manufacturing PMI||55.1||55.3|
|10:30am||USD||Crude Oil Inventories||3.7M||8.4M|
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.