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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 May 12, 2016
Hello Traders,
For 2016 I would like to wish all of you discipline and patience in your trading!
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Greetings!
Wow! The volatility we had this morning across several markets because of the crude oil inventory report. Seems like crude is moving many of the other markets, so even if you are not trading energies, i recommend knowing what is going on with Crude Oil Futures and studying if there is a recent correlation between crude oil and the markets you trade.
GOOD TRADING
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| Contract June 2016 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2092.25 | 4436.00 | 17985 | 1136.50 | 94.71 |
| Resistance 2 | 2085.50 | 4419.50 | 17918 | 1131.50 | 94.46 |
| Resistance 1 | 2073.25 | 4388.75 | 17797 | 1122.10 | 94.14 |
| Pivot | 2066.50 | 4372.25 | 17730 | 1117.10 | 93.90 |
| Support 1 | 2054.25 | 4341.50 | 17609 | 1107.70 | 93.58 |
| Support 2 | 2047.50 | 4325.00 | 17542 | 1102.70 | 93.33 |
| Support 3 | 2035.25 | 4294.25 | 17421 | 1093.30 | 93.01 |
| Contract | June Gold | July Silver | June Crude Oil | June Bonds | June Euro |
| Resistance 3 | 1299.2 | 18.15 | 49.37 | 168 4/32 | 1.1545 |
| Resistance 2 | 1290.0 | 17.88 | 47.86 | 167 13/32 | 1.1501 |
| Resistance 1 | 1284.7 | 17.65 | 46.97 | 166 26/32 | 1.1467 |
| Pivot | 1275.5 | 17.39 | 45.46 | 166 3/32 | 1.1423 |
| Support 1 | 1270.2 | 17.16 | 44.57 | 165 16/32 | 1.1389 |
| Support 2 | 1261.0 | 16.89 | 43.06 | 164 25/32 | 1.1345 |
| Support 3 | 1255.7 | 16.66 | 42.17 | 164 6/32 | 1.1311 |
| Contract | July Corn | July Wheat | July Beans | July SoyMeal | June Nat Gas |
| Resistance 3 | 386.3 | 467.0 | 1098.58 | 376.60 | 2.26 |
| Resistance 2 | 383.7 | 464.5 | 1092.42 | 372.00 | 2.22 |
| Resistance 1 | 380.6 | 461.8 | 1085.33 | 367.00 | 2.19 |
| Pivot | 377.9 | 459.3 | 1079.17 | 362.40 | 2.15 |
| Support 1 | 374.8 | 456.5 | 1072.1 | 357.4 | 2.1 |
| Support 2 | 372.2 | 454.0 | 1065.92 | 352.80 | 2.09 |
| Support 3 | 369.1 | 451.3 | 1058.83 | 347.80 | 2.06 |
Economic Reports
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 3:58pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| ThuMay 12 | 2:00am | EUR | German WPI m/m | 0.2% | 0.3% | ||||
| 2:45am | EUR | French Final CPI m/m | 0.1% | 0.1% | |||||
| 5:00am | EUR | Industrial Production m/m | 0.1% | -0.8% | |||||
| 7:00am | GBP | BOE Inflation Report | |||||||
| GBP | MPC Official Bank Rate Votes | 0-0-9 | 0-0-9 | ||||||
| GBP | Monetary Policy Summary | ||||||||
| GBP | Official Bank Rate | 0.50% | 0.50% | ||||||
| GBP | Asset Purchase Facility | 375B | 375B | ||||||
| GBP | MPC Asset Purchase Facility Votes | 0-0-9 | 0-0-9 | ||||||
| 7:45am | GBP | BOE Gov Carney Speaks | |||||||
| 8:30am | USD | Unemployment Claims | 277K | 274K | |||||
| USD | Import Prices m/m | 0.6% | 0.2% | ||||||
| 10:30am | USD | Natural Gas Storage | 60B | 68B | |||||
| 11:45am | USD | FOMC Member Rosengren Speaks | |||||||
| 1:01pm | USD | 30-y Bond Auction | 2.60|2.4 | ||||||
| 1:30pm | USD | FOMC Member George Speaks | |||||||
| Tentative | GBP | MPC Member Haldane Speaks |