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 Wednesday August 26, 2015
For 2015 I would like to wish all of you discipline and patience in your trading!
I WROTE THIS YESTERDAY AND IT IS WORTH REPEATING……
Volatility is skyrocketing. This is a completely different environment for trading than you were in 3-4 weeks ago. Markets are evolving and you must adapt your trading to changing market conditions.
On a different note, please pay attention to LIMIT moves and understand what happens when the market is halting at limit levels:
Many ways to trade any market, many ways to lose money in any market and only very few ways to lock in gains. If you need help creating a trading plan, visit our broker assist services.
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|
|Contract||Dec. Gold||Sept. Silver||Sept. Crude Oil||Sept. Bonds||Sept. Euro|
|Resistance 3||1174.9||15.25||41.50||163 9/32||1.1814|
|Resistance 2||1165.6||15.09||40.70||161 31/32||1.1712|
|Resistance 1||1152.6||14.84||39.77||160 8/32||1.1603|
|Support 1||1130.3||14.43||38.04||157 7/32||1.1392|
|Support 2||1121.0||14.27||37.24||155 29/32||1.1290|
|Support 3||1108.0||14.02||36.31||154 6/32||1.1181|
|Contract||Dec. Corn||Dec. Wheat||Nov Beans||Dec. SoyMeal||Sept. Nat Gas|
|WedAug 26||8:30am||USD||Core Durable Goods Orders m/m||0.3%||0.6%|
|USD||Durable Goods Orders m/m||-0.4%||3.4%|
|10:00am||USD||FOMC Member Dudley Speaks|
|10:30am||USD||Crude Oil Inventories||1.0M||2.6M|
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.