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 Thursday January 7, 2016
For 2015 I would like to wish all of you discipline and patience in your trading!
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On a different note, to view today’s released FOMC minutes, visit:
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.
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||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|
|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|
|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%|
|EUR||Retail Sales m/m||0.2%||-0.1%|
|7:30am||USD||Challenger Job Cuts y/y||-13.9%|
|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.