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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 January 7, 2016
Hello Traders,
For 2015 I would like to wish all of you discipline and patience in your trading!
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Trading Signals
Cannon Trading is proud to announce our new and innovative trading signals, indicators and services for our clients and perspective clients.
Cannon Trading is proud to announce a new and innovative trading signals, indicators and services for our clients and perspective clients.
Cannon Trading evaluated then learned these new concepts and methods from a cutting edge, 3rd party developer to keep us on the forefront of trading. We are offering all these services on a free trial basis and Cannon brokers will be more than happy to schedule a remote session to help you navigate these new indicators and concepts.
Getting started is easy!
Read more and sign up for free trial:
https://www.cannontrading.com/tools/intraday-futures-trading-signals
On a different note, to view today’s released FOMC minutes, visit:
http://www.federalreserve.gov/monetarypolicy/files/fomcminutes20151216.pdf
IMPORTANT PLEASE NOTE: TRADING COMMODITY FUTURES AND OPTIONS INVOLVE SUBSTANTIAL RISK OF LOSS. THE RECOMMENDATIONS CONTAINED IN THE LETTER IS OF OPINION AND DOES NOT GUARANTEE ANY PROFITS. THERE IS NOT AN ACTUAL ACCOUNT TRADING THESE RECOMMENDATIONS. THESE ARE RISKY MARKETS AND ONLY RISK CAPITAL SHOULD BE USED. PAST PERFORMANCES ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
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 March 2016 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2052.92 | 4597.67 | 17429 | 1131.90 | 100.18 |
| Resistance 2 | 2033.08 | 4542.58 | 17262 | 1120.50 | 99.97 |
| Resistance 1 | 2010.17 | 4496.17 | 17056 | 1106.50 | 99.63 |
| Pivot | 1990.33 | 4441.08 | 16889 | 1095.10 | 99.41 |
| Support 1 | 1967.42 | 4394.67 | 16683 | 1081.10 | 99.07 |
| Support 2 | 1947.58 | 4339.58 | 16516 | 1069.70 | 98.86 |
| Support 3 | 1924.67 | 4293.17 | 16310 | 1055.70 | 98.52 |
| Contract | Feb. Gold | March Silver | Jan. Crude Oil | Mar. Bonds | March Euro |
| Resistance 3 | 1120.8 | 14.43 | 38.28 | 156 29/32 | 1.0923 |
| Resistance 2 | 1107.9 | 14.28 | 37.34 | 156 10/32 | 1.0871 |
| Resistance 1 | 1100.3 | 14.15 | 35.66 | 155 31/32 | 1.0837 |
| Pivot | 1087.4 | 14.00 | 34.72 | 155 12/32 | 1.0785 |
| Support 1 | 1079.8 | 13.87 | 33.04 | 155 1/32 | 1.0751 |
| Support 2 | 1066.9 | 13.72 | 32.10 | 154 14/32 | 1.0699 |
| Support 3 | 1059.3 | 13.59 | 30.42 | 154 3/32 | 1.0665 |
| Contract | Mar. Corn | Mar. Wheat | Jan Beans | Jan. SoyMeal | Jan. Nat Gas |
| Resistance 3 | 359.8 | 475.8 | 887.17 | 277.47 | 2.46 |
| Resistance 2 | 357.3 | 470.8 | 877.58 | 274.03 | 2.41 |
| Resistance 1 | 355.3 | 466.8 | 871.17 | 271.37 | 2.34 |
| Pivot | 352.8 | 461.8 | 861.58 | 267.93 | 2.29 |
| Support 1 | 350.8 | 457.8 | 855.2 | 265.3 | 2.2 |
| Support 2 | 348.3 | 452.8 | 845.58 | 261.83 | 2.17 |
| Support 3 | 346.3 | 448.8 | 839.17 | 259.17 | 2.10 |
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 3:49pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| ThuJan 7 | 2:00am | EUR | German Factory Orders m/m | 0.1% | 1.8% | ||||
| EUR | German Retail Sales m/m | 0.5% | -0.4% | ||||||
| 4:00am | EUR | Italian Monthly Unemployment Rate | 11.5% | 11.5% | |||||
| 4:10am | EUR | Retail PMI | 48.5 | ||||||
| 5:00am | EUR | Unemployment Rate | 10.7% | 10.7% | |||||
| EUR | Retail Sales m/m | 0.2% | -0.1% | ||||||
| 7:30am | USD | Challenger Job Cuts y/y | -13.9% | ||||||
| 8:30am | USD | Unemployment Claims | 271K | 287K | |||||
| 10:30am | USD | Natural Gas Storage | -95B | -58B |
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.