Gold Chart for Review + Levels for Tomorrow 7.07.2016

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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 Thursday July 7, 2016

Hello Traders,

Options 101: Adding Options as a Weapon in Your Trading Arsenal

Join us for a webinar on Jul 12, 2016 at 1:00 PM PDT.

Register now!

Options on futures can be used in many different ways and as a trader you need to be aware of all the tools you can use!

Join us for a 45 -minute webinar on July 12th at 3:00 P.M., Central Time.
During this presentation, John Thorpe, Senior Broker with Cannon Trading and an ex floor trader will share with you :

* Difference between Futures and Futures Options
* Option as an Insurance product
* Two components that make up the value of an option.
a. Time Value
b. Intrinsic value
* Buying Options
*Selling Options
* Examples of Option Strategy recommendations

And much more…

This Webinar is intended for Traders with no options experience to the beginning student of options on futures, this Webinar is intended to be the first of two Webinars ending with Advanced Option Strategies.

SEATS ARE LIMITED, SO DON’T MISS THIS SPECIAL FREE WEBINAR!

Risk: 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

After registering, you will receive a confirmation email containing information about joining the webinar.

View System Requirements

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 

Contract Sept. 2016  SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2129.92 4537.83 18111 1168.93 97.06
Resistance 2 2111.83 4489.17 17972 1156.87 96.85
Resistance 1 2101.92 4463.08 17896 1149.73 96.48
Pivot 2083.83 4414.42 17757 1137.67 96.26
Support 1 2073.92 4388.33 17681 1130.53 95.89
Support 2 2055.83 4339.67 17542 1118.47 95.68
Support 3 2045.92 4313.58 17466 1111.33 95.31
Contract Aug. Gold Sept. Silver Aug. Crude Oil Sept. Bonds Sept.   Euro
Resistance 3 1398.1 21.19 49.83 178 19/32 1.1248
Resistance 2 1387.8 20.89 48.75 177 28/32 1.1195
Resistance 1 1376.9 20.53 48.07 177 1.1164
Pivot 1366.6 20.23 46.99 176 9/32 1.1112
Support 1 1355.7 19.88 46.31 175 13/32 1.1081
Support 2 1345.4 19.58 45.23 174 22/32 1.1028
Support 3 1334.5 19.22 44.55 173 26/32 1.0997
Contract Dec. Corn Sept. Wheat Nov. Beans Dec. SoyMeal Aug. Nat Gas
Resistance 3 358.8 443.5 1121.08 402.80 2.93
Resistance 2 355.8 437.5 1098.42 391.10 2.87
Resistance 1 352.0 433.0 1085.83 384.60 2.83
Pivot 349.0 427.0 1063.17 372.90 2.76
Support 1 345.3 422.5 1050.6 366.4 2.7
Support 2 342.3 416.5 1027.92 354.70 2.66
Support 3 338.5 412.0 1015.33 348.20 2.63

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

All times are Eastern time Zone (EST)

Date 3:45pm Currency Impact Detail Actual Forecast Previous Graph
ThuJul 7  2:00am EUR
German Industrial Production m/m
0.1% 0.8%
2:45am EUR
French Trade Balance
-4.9B -5.2B
3:30am GBP
Halifax HPI m/m
0.4% 0.6%
4:30am GBP
Manufacturing Production m/m
-1.2% 2.3%
GBP
Industrial Production m/m
-1.0% 2.0%
Tentative EUR
French 10-y Bond Auction
0.49|1.8
Tentative GBP
10-y Bond Auction
1.66|1.8
7:30am EUR
ECB Monetary Policy Meeting Accounts
USD
Challenger Job Cuts y/y
-26.5%
8:15am USD
ADP Non-Farm Employment Change
158K 173K
8:30am USD
Unemployment Claims
269K 268K
10:00am GBP
NIESR GDP Estimate
0.5%
10:30am USD
Natural Gas Storage
37B
11:00am USD
Crude Oil Inventories
-4.1M

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.