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 Friday September 25, 2015
For 2015 I would like to wish all of you discipline and patience in your trading!
Been out due to rotator cuff surgery and back with limited typing ability….
Market is acting like a bear market. Lower lows, lower highs BUT still need to take out 1891 support level as seen below in the daily Heikin-Ashi chart of Dec. mini SP 500
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|Contract Dec. 2015||SP500||Nasdaq100||Dow Jones||Mini Russell||Dollar Index|
|Contract||Dec. Gold||Dec. Silver||Nov. Crude Oil||Dec. Bonds||Dec. Euro|
|Resistance 3||1189.6||15.72||47.11||158 7/32||1.1440|
|Resistance 2||1173.0||15.45||46.15||157 27/32||1.1375|
|Resistance 1||1162.7||15.28||45.64||157 6/32||1.1308|
|Support 1||1135.8||14.85||44.17||156 5/32||1.1176|
|Support 2||1119.2||14.58||43.21||155 25/32||1.1111|
|Support 3||1108.9||14.41||42.70||155 4/32||1.1044|
|Contract||Dec. Corn||Dec. Wheat||Nov Beans||Dec. SoyMeal||Oct. Nat Gas|
|FriSep 25||3:00am||EUR||German Buba President Weidmann Speaks|
|4:00am||EUR||M3 Money Supply y/y||5.4%||5.3%|
|EUR||Private Loans y/y||1.1%||0.9%|
|8:30am||USD||Final GDP q/q||3.7%||3.7%|
|USD||Final GDP Price Index q/q||2.1%||2.1%|
|9:45am||USD||Flash Services PMI||55.5||56.1|
|10:00am||USD||Revised UoM Consumer Sentiment||87.2||85.7|
|USD||Revised UoM Inflation Expectations||2.9%|
|12:30pm||EUR||German Buba President Weidmann 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.