Futures Trading Volatility Skyrocketing 8.26.2015

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.

Futures Trading Volatility Skyrocketing 8.26.2015

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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 Wednesday August 26, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!


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.

This is where you find out if the gambler in you is stronger than the trader in you or vise versa….. If the trader is the strong one, you will REDUCE trading size, become extra picky in your entries , perhaps even decide not to trade at certain times…. If the gambler is the dominant one… you will find yourself all over the place up huge, down huge and I am sorry to say sooner or later you will blow up…..Think about it and try help the trader within win over the gambler that resides in the same neighborhood…..

One additional note, dont be GREEDY….set daily profit target and daily loss limit and stick to it. that can be the difference between you surviving to trade another day OR……

On a different note, please pay attention to LIMIT moves and understand what happens when the market is halting at limit levels:

Yesterday I shared the Dow chart, lets take a look at the weekly SP500 chart along with some possible levels both on possible bounce and possible further downside.  1813 and 1973 are the levels that really stick out to me personally.
EP - E Mini S&P 500, Weekly Continuation : Heikin - Ashi

EP – E Mini S&P 500, Weekly Continuation : Heikin – Ashi


Many ways to trade any market, many ways to lose money in any market and only very few ways to lock in gainsIf 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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Futures Trading Levels

Contract Sept. 2015 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2012.67 4354.75 16866 1192.67 95.95
Resistance 2 1980.58 4279.50 16603 1173.63 95.34
Resistance 1 1924.17 4148.25 16138 1138.17 94.72
Pivot 1892.08 4073.00 15875 1119.13 94.11
Support 1 1835.67 3941.75 15410 1083.67 93.50
Support 2 1803.58 3866.50 15147 1064.63 92.89
Support 3 1747.17 3735.25 14682 1029.17 92.27
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
Pivot 1143.3 14.68 38.97 158 30/32 1.1501
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
Resistance 3 395.6 531.0 898.42 325.07 2.76
Resistance 2 391.2 523.5 893.58 322.43 2.73
Resistance 1 384.1 511.5 885.67 319.77 2.71
Pivot 379.7 504.0 880.83 317.13 2.68
Support 1 372.6 492.0 872.9 314.5 2.7
Support 2 368.2 484.5 868.08 311.83 2.63
Support 3 361.1 472.5 860.17 309.17 2.61
Economic Reports


All times are Eastern time Zone (EST)

Date 5:07pm Currency Impact Detail Actual Forecast Previous Graph
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

his 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.


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