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 November 12, 2015
For 2015 I would like to wish all of you discipline and patience in your trading!
The Good Voice versus The Bad Voice
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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 Dec. 2015||SP500||Nasdaq100||Dow Jones||Mini Russell||Dollar Index|
|Contract||Dec. Gold||Dec. Silver||Dec. Crude Oil||Dec. Bonds||Dec. Euro|
|Resistance 2||1097.4||14.59||44.72||152 23/32||1.0813|
|Resistance 1||1091.0||14.43||43.84||152 15/32||1.0780|
|Support 1||1080.7||14.17||42.35||151 30/32||1.0712|
|Support 2||1076.8||14.07||41.74||151 21/32||1.0677|
|Support 3||1070.4||13.91||40.86||151 13/32||1.0644|
|Contract||Dec. Corn||Dec. Wheat||Jan Beans||Dec. SoyMeal||Dec. Nat Gas|
|ThuNov 12||2:00am||EUR||German Final CPI m/m||0.0%||0.0%|
|2:45am||EUR||French CPI m/m||0.1%||-0.4%|
|3:30am||EUR||ECB President Draghi Speaks|
|5:00am||EUR||Industrial Production m/m||-0.1%||-0.5%|
|5:30am||EUR||ECB President Draghi Speaks|
|9:30am||USD||Fed Chair Yellen Speaks|
|10:00am||USD||JOLTS Job Openings||5.39M||5.37M|
|10:15am||USD||FOMC Member Evans Speaks|
|11:00am||USD||Crude Oil Inventories||0.8M||2.8M|
|12:15pm||USD||FOMC Member Dudley Speaks|
|1:01pm||USD||30-y Bond Auction||2.91|2.5|
|2:00pm||USD||Federal Budget Balance||-130.2B||91.1B|
|6:00pm||USD||FOMC Member Fischer 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 judgment in trading.