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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.

The 23rd anniversary of the 1987 crash was today and respectively, market finished down about 1.3%…..

Daily chart of the mini NASDAQ 100 for your review below. If the sell signal materializes, first target will be around 2019.00.

SP-500-Day-Trading-2010-10-20

GOOD TRADING!

TRADING LEVELS

futures-trading-levels-20101020

This Week’s Calendar from Econoday.Com
All reports are EST time

Another great source for economic reports around the globe with “report importance indicator” at: http://www.forexfactory.com/calendar.php

Wednesday, October 20th 2010 – http://mam.econoday.com/byweek.asp?cust=mam

MBA Purchase Applications
7:00 AM ET

Jeffrey Lacker Speaks
9:30 AM ET

EIA Petroleum Status Report
10:30 AM ET

Charles Plosser Speaks
12:45 PM ET

Beige Book
2:00 PM ET

Disclaimer:
Trading commodity futures and options involves substantial risk of loss. The recommendations contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results. This is not a solicitation of any order to buy or sell, but a current futures market view provided by Cannon Trading Inc. Any statement of facts herein 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!

Tags: > > > > > > > Posted in: Future Trading News   | Futures Trading  

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