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Getting Stopped Out on the Highs and Lows? Read This Article….11-18-2016

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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 Friday November 18, 2016

Greetings!

Dear Traders,

Many of you shared with me how frustrated you get when you get stopped out only to see the market goes back to where you wanted it to or positioned for….

This article by my colleague John Thorpe, talks about using weekly mini SP 500 options and can be applied to  gold, bonds, crude oil and other markets that have weekly options.  Must read.

Weekly Mini S&P option contracts

There are 100’s of indicators available to traders to assist with decision making that can be applied to technical analysis, which is precisely the reason to utilize a sound and inexpensive weekly ES strategy to compliment a day trading strategy.

There are two main uses for the Weekly options
  1. As a hedge, no need for stops
  2. As a pure speculation. A relatively inexpensive way to speculate on market direction in a time frame that can be for minutes, hours or a few days without the need to use stops.

Read the full article!

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.

If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

Futures Trading Levels

Levels for Trade Date of 11.18.2016

Contract Dec. 2016 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2202.67 4891.25 18946 1326.60 102.36
Resistance 2 2194.08 4859.00 18909 1320.30 101.68
Resistance 1 2188.92 4842.50 18886 1314.60 101.33
Pivot 2180.33 4810.25 18849 1308.30 100.65
Support 1 2175.17 4793.75 18826 1302.60 100.30
Support 2 2166.58 4761.50 18789 1296.30 99.62
Support 3 2161.42 4745.00 18766 1290.60 99.27
Contract Dec. Gold Dec. Silver Jan. Crude Oil Dec. Bonds Dec.   Euro
Resistance 3 1249.4 17.50 47.77 156 19/32 1.0845
Resistance 2 1240.3 17.29 47.17 155 31/32 1.0801
Resistance 1 1228.8 17.00 46.07 154 26/32 1.0719
Pivot 1219.7 16.79 45.47 154 6/32 1.0675
Support 1 1208.2 16.49 44.37 153 1/32 1.0593
Support 2 1199.1 16.28 43.77 152 13/32 1.0549
Support 3 1187.6 15.99 42.67 151 8/32 1.0467
Contract Dec. Corn Dec. Wheat Jan. Beans Dec. SoyMeal Dec. Nat Gas
Resistance 3 349.5 416.7 1007.92 318.73 2.89
Resistance 2 346.5 411.3 1000.83 315.57 2.84
Resistance 1 344.3 407.2 995.17 313.53 2.77
Pivot 341.3 401.8 988.08 310.37 2.73
Support 1 339.0 397.7 982.4 308.3 2.7
Support 2 336.0 392.3 975.33 305.17 2.61
Support 3 333.8 388.2 969.67 303.13 2.54

source:http://www.forexfactory.com/calendar.php

All times are Eastern time Zone (EST)

Date 3:53pm Currency Impact Detail Actual Forecast Previous Graph
FriNov 18  2:00am EUR
German PPI m/m
0.3% -0.2%
3:30am EUR
ECB President Draghi Speaks
4:00am EUR
Current Account
31.3B 29.7B
4:10am GBP
MPC Member Broadbent Speaks
5:30am EUR
German Buba President Weidmann Speaks
USD
FOMC Member Bullard Speaks
9:30am USD
FOMC Member Dudley Speaks
USD
FOMC Member George Speaks
10:00am USD
CB Leading Index m/m
0.1% 0.2%
9:45pm USD
FOMC Member Powell Speaks

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 judgement in trading.

Tags: > > > Posted in: Crude Oil   | Future Trading News   | Options Trading  

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