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 Wednesday June 01, 2016
For 2016 I would like to wish all of you discipline and patience in your trading!
Sell in May and go away…did not happen….at least so far. Stocks finished the month strong and markets overall were somewhat quiet today, considering this was the last trading day of the month. Perhaps tired from the long weekend we had here in the US.
Won’t stay quite for long. We have EU rate decision early Thursday and monthly unemployment here in the US on Friday so I do expect volatility and volume to pick up.
I wish all of you a great trading month in June!
Monthly chart of gold futures for your review below:
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!
|Contract June 2016||SP500||Nasdaq100||Dow Jones||Mini Russell||Dollar Index|
|Contract||Aug. Gold||July Silver||July Crude Oil||June Bonds||June Euro|
|Resistance 3||1243.9||16.51||51.04||165 10/32||1.1249|
|Resistance 2||1232.2||16.38||50.57||164 11/32||1.1213|
|Resistance 1||1224.8||16.18||49.75||163 22/32||1.1173|
|Support 1||1205.7||15.85||48.46||162 2/32||1.1098|
|Support 2||1194.0||15.72||47.99||161 3/32||1.1062|
|Support 3||1186.6||15.52||47.17||160 14/32||1.1022|
|Contract||July Corn||July Wheat||July Beans||July SoyMeal||July Nat Gas|
Nationwide HPI m/m
Spanish Manufacturing PMI
Italian Manufacturing PMI
French Final Manufacturing PMI
German Final Manufacturing PMI
Final Manufacturing PMI
Net Lending to Individuals m/m
M4 Money Supply m/m
Final Manufacturing PMI
ISM Manufacturing PMI
Construction Spending m/m
ISM Manufacturing Prices
Total Vehicle Sales