Futures Trading Levels & Economic Report 8.21.2015
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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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 11, 2015
Hello Traders,
For 2015 I would like to wish all of you discipline and patience in your trading!
I posted the following on FinanceMagnates.com back on August 5th about Dow Jones making lower highs and lower lows. Feel free to read that analysis at:
http://www.financemagnates.com/executives/insights/lower-highs-and-lower-lows-on-dow-jones-index/. And below you will see my updated chart of the same Dow Jones Cash Index, except that this time it is a weekly chart. Note we are right around major weekly support level ( 17035) and how we close tomorrow may provide important clues going forward:
DJI – DJ Industrial Average, Weekly:Heikin-Ashi
Check out our Trading Systems/ALGO Trading and Managed Accounts section!
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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| Contract Sept. 2015 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2115.75 | 4624.00 | 17619 | 1226.70 | 97.11 |
| Resistance 2 | 2096.75 | 4568.50 | 17469 | 1213.60 | 96.85 |
| Resistance 1 | 2063.50 | 4471.00 | 17208 | 1190.30 | 96.37 |
| Pivot | 2044.50 | 4415.50 | 17058 | 1177.20 | 96.11 |
| Support 1 | 2011.25 | 4318.00 | 16797 | 1153.90 | 95.63 |
| Support 2 | 1992.25 | 4262.50 | 16647 | 1140.80 | 95.37 |
| Support 3 | 1959.00 | 4165.00 | 16386 | 1117.50 | 94.89 |
| Contract | Dec. Gold | Sept. Silver | Sept. Crude Oil | Sept. Bonds | Sept. Euro |
| Resistance 3 | 1181.2 | 15.92 | 42.88 | 161 17/32 | 1.1375 |
| Resistance 2 | 1167.5 | 15.74 | 42.35 | 160 28/32 | 1.1300 |
| Resistance 1 | 1159.6 | 15.61 | 41.57 | 160 17/32 | 1.1260 |
| Pivot | 1145.9 | 15.43 | 41.04 | 159 28/32 | 1.1185 |
| Support 1 | 1138.0 | 15.31 | 40.26 | 159 17/32 | 1.1145 |
| Support 2 | 1124.3 | 15.13 | 39.73 | 158 28/32 | 1.1070 |
| Support 3 | 1116.4 | 15.00 | 38.95 | 158 17/32 | 1.1030 |
| Contract | Dec. Corn | Dec. Wheat | Nov Beans | Dec. SoyMeal | Sept. Nat Gas |
| Resistance 3 | 389.0 | 527.6 | 932.50 | 331.93 | 2.89 |
| Resistance 2 | 386.0 | 519.4 | 920.75 | 325.77 | 2.84 |
| Resistance 1 | 384.3 | 515.3 | 914.00 | 322.23 | 2.80 |
| Pivot | 381.3 | 507.2 | 902.25 | 316.07 | 2.75 |
| Support 1 | 379.5 | 503.1 | 895.5 | 312.5 | 2.7 |
| Support 2 | 376.5 | 494.9 | 883.75 | 306.37 | 2.65 |
| Support 3 | 374.8 | 490.8 | 877.00 | 302.83 | 2.61 |
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 3:37pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| FriAug 21 | 2:00am | EUR | GfK German Consumer Climate | 10.2 | 10.1 | ||||
| 3:00am | EUR | French Flash Manufacturing PMI | 49.8 | 49.6 | |||||
| EUR | French Flash Services PMI | 52.1 | 52.0 | ||||||
| 3:30am | EUR | German Flash Manufacturing PMI | 51.7 | 51.8 | |||||
| EUR | German Flash Services PMI | 53.7 | 53.8 | ||||||
| 4:00am | EUR | Flash Manufacturing PMI | 52.3 | 52.4 | |||||
| EUR | Flash Services PMI | 54.1 | 54.0 | ||||||
| 9:45am | USD | Flash Manufacturing PMI | 53.5 | 53.8 | |||||
| 10:00am | EUR | Consumer Confidence | -7 | -7 |
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.
