Futures Trading Fundamentals & Economic Reports 10.01.2015

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 Trading Fundamentals & Economic Reports 10.01.2015

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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 Thursday October 1, 2015

Hello Traders,

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

Wishing everyone a great trading month in October.

Wrote this one before but worth sharing again:

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 Dec. 2015 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 1958.50 4297.00 16515 1123.07 97.23
Resistance 2 1934.50 4233.00 16355 1110.33 96.90
Resistance 1 1919.25 4194.00 16248 1102.37 96.65
Pivot 1895.25 4130.00 16088 1089.63 96.32
Support 1 1880.00 4091.00 15981 1081.67 96.07
Support 2 1856.00 4027.00 15821 1068.93 95.74
Support 3 1840.75 3988.00 15714 1060.97 95.49
Contract Dec. Gold Dec. Silver Nov. Crude Oil Dec. Bonds Dec.   Euro
Resistance 3 1141.5 14.96 47.12 158 29/32 1.1358
Resistance 2 1134.6 14.84 46.49 158 13/32 1.1317
Resistance 1 1124.6 14.67 45.95 157 31/32 1.1254
Pivot 1117.7 14.55 45.32 157 15/32 1.1213
Support 1 1107.7 14.38 44.78 157 1/32 1.1150
Support 2 1100.8 14.26 44.15 156 17/32 1.1109
Support 3 1090.8 14.09 43.61 156 3/32 1.1046
Contract Dec. Corn Dec. Wheat Nov Beans Dec. SoyMeal Nov. Nat Gas
Resistance 3 404.7 535.4 923.42 320.30 2.69
Resistance 2 399.6 525.1 912.83 316.40 2.65
Resistance 1 393.7 518.9 902.42 312.70 2.59
Pivot 388.6 508.6 891.83 308.80 2.55
Support 1 382.7 502.4 881.4 305.1 2.5
Support 2 377.6 492.1 870.83 301.20 2.45
Support 3 371.7 485.9 860.42 297.50 2.39
Economic Reports

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

All times are Eastern time Zone (EST)

Date 4:31pm Currency Impact Detail Actual Forecast Previous Graph
ThuOct 1 3:15am EUR Spanish Manufacturing PMI 53.0 53.2
3:45am EUR Italian Manufacturing PMI 53.4 53.8
3:50am EUR French Final Manufacturing PMI 50.4 50.4
3:55am EUR German Final Manufacturing PMI 52.6 52.5
4:00am EUR Final Manufacturing PMI 52.0 52.0
Tentative EUR Spanish 10-y Bond Auction 2.15|2.5
Tentative EUR French 10-y Bond Auction 1.21|1.7
7:30am USD Challenger Job Cuts y/y 2.9%
8:30am USD Unemployment Claims 273K 267K
9:45am USD Final Manufacturing PMI 53.0 53.0
10:00am USD ISM Manufacturing PMI 50.8 51.1
USD Construction Spending m/m 0.6% 0.7%
USD ISM Manufacturing Prices 40.0 39.0
10:30am USD Natural Gas Storage 101B 106B
All Day USD Total Vehicle Sales 17.5M 17.8M
2:30pm USD FOMC Member Williams 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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