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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 April 14, 2016
Hello Traders,
For 2016 I would like to wish all of you discipline and patience in your trading!
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Greetings!
If you must play, decide on three things at the start: the rules of the game, the stakes, and the quitting time…Chinese Proverb
So more clients have asked about ICE, the mini Russell and the 110 per month the exchange is now charging for data….To be honest, for most clients I don’t think it’s worth it to pay that fee when you have other markets that can be an alternative to the mini Russell.One of them is the mid-cap 400, EMD, which trades on the CME, is the same tick size and behaves similar to the mini Russell. Volume is still light but worth exploring.
Below you will see two charts, mini Russell 15 minutes charts from today and 15 minutes chart of the Mid-cap 400 from today.
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Featured System of the Month ( including real-time performance): Axiom Index II WFO NQ Trading System
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.
| Contract June 2016 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2106.50 | 4638.08 | 18090 | 1161.33 | 95.90 |
| Resistance 2 | 2091.75 | 4595.92 | 17960 | 1144.37 | 95.36 |
| Resistance 1 | 2083.50 | 4571.08 | 17890 | 1135.53 | 95.08 |
| Pivot | 2068.75 | 4528.92 | 17760 | 1118.57 | 94.54 |
| Support 1 | 2060.50 | 4504.08 | 17690 | 1109.73 | 94.25 |
| Support 2 | 2045.75 | 4461.92 | 17560 | 1092.77 | 93.71 |
| Support 3 | 2037.50 | 4437.08 | 17490 | 1083.93 | 93.43 |
| Contract | June Gold | May Silver | May Crude Oil | June Bonds | June Euro |
| Resistance 3 | 1272.4 | 16.72 | 43.41 | 167 12/32 | 1.1495 |
| Resistance 2 | 1265.6 | 16.53 | 42.92 | 166 23/32 | 1.1453 |
| Resistance 1 | 1255.1 | 16.39 | 42.23 | 166 7/32 | 1.1376 |
| Pivot | 1248.3 | 16.20 | 41.74 | 165 18/32 | 1.1334 |
| Support 1 | 1237.8 | 16.06 | 41.05 | 165 2/32 | 1.1256 |
| Support 2 | 1231.0 | 15.87 | 40.56 | 164 13/32 | 1.1214 |
| Support 3 | 1220.5 | 15.73 | 39.87 | 163 29/32 | 1.1137 |
| Contract | May Corn | May Wheat | May Beans | May SoyMeal | May Nat Gas |
| Resistance 3 | 389.6 | 485.6 | 976.75 | 303.80 | 2.11 |
| Resistance 2 | 382.2 | 476.2 | 967.25 | 298.70 | 2.08 |
| Resistance 1 | 377.8 | 468.8 | 961.50 | 295.70 | 2.06 |
| Pivot | 370.4 | 459.4 | 952.00 | 290.60 | 2.03 |
| Support 1 | 366.1 | 452.1 | 946.3 | 287.6 | 2.0 |
| Support 2 | 358.7 | 442.7 | 936.75 | 282.50 | 1.98 |
| Support 3 | 354.3 | 435.3 | 931.00 | 279.50 | 1.96 |
Economic Reports
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 3:51pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| ThuApr 14 | 5:00am | EUR | Final CPI y/y | -0.1% | -0.1% | ||||
| EUR | Final Core CPI y/y | 1.0% | 1.0% | ||||||
| 7:00am | 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 | ||||||
| 8:30am | USD | CPI m/m | 0.2% | -0.2% | |||||
| USD | Core CPI m/m | 0.2% | 0.3% | ||||||
| USD | Unemployment Claims | 270K | 267K | ||||||
| 10:00am | USD | FOMC Member Powell Speaks | |||||||
| 10:30am | USD | Natural Gas Storage | 1B | 12B | |||||
| 1:01pm | USD | 30-y Bond Auction | 2.72|2.3 | ||||||
| 4:00pm | GBP | MPC Member Shafik Speaks |