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ICE Data and Alternatives

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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 Tuesday March 1, 2016

Hello Traders,

For 2016 I would like to wish all of you discipline and patience in your trading!

Greetings!

ICE data and alternatives

So as many of you know the ICE exchange has decided to charge all users (professionals and non professional) $110 per month to receive real-time data. This is compared to the CME which charges $86 for professionals (brokers, hedge funds etc.) but a “normal amount of $5 to retail users ( i.e. large percent of the trading public). If you ask me not a bright move on the part of the ICE exchange and they may see volume drop quite a bit on certain markets.

In between, I have more than a few clients who are trading the mini Russell 2000 and like it, but are not so sure about paying $110 per month for the privilege to trade this one….While ICE also hosts coffee, sugar, dollar index and a few other markets, the mini Russell is so far the one that caught most interest.

I did some homework and while the CME does offer the mini Russell 1000, the volume on this one, so far is pathetic….(I think it traded 83 contracts on Friday). HOWEVER….the CME for the same $5 per month most users pay to trade the ES and NQ along with currencies, also has the mid cap 400. Symbol is EMD on the Transactand Shogun platforms as well as E-futures International.

Not bad volume, same tick size as mini Russell 2000 and from the quick research seems to move in similar ways. Worth exploring, perhaps using in demo mode or simply following price movement as the ICE change will go in effect April 1st.

If you are curious about possible substitutes for different ICE markets you are trading or simply need some feedback – this is what we are here for. Feel free to contact your broker or any of us if you are not a client and we will be happy to assist.

TRADE SMART / TRADE SYSTEMS — for the current rankings as well as actual performance of trading systems traded at Striker, click here.


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.

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Futures Trading Levels

Contract March 2016 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 1979.08 4329.25 16884 1061.77 99.04
Resistance 2 1967.67 4296.25 16796 1053.13 98.72
Resistance 1 1949.33 4250.50 16654 1043.37 98.48
Pivot 1937.92 4217.50 16566 1034.73 98.15
Support 1 1919.58 4171.75 16424 1024.97 97.91
Support 2 1908.17 4138.75 16336 1016.33 97.59
Support 3 1889.83 4093.00 16194 1006.57 97.35
Contract Apr. Gold May Silver Apr. Crude Oil June Bonds March   Euro
Resistance 3 1274.2 15.38 36.09 165 17/32 1.1050
Resistance 2 1258.0 15.16 35.04 165 7/32 1.1008
Resistance 1 1248.7 15.04 34.43 164 27/32 1.0946
Pivot 1232.5 14.83 33.38 164 17/32 1.0904
Support 1 1223.2 14.71 32.77 164 5/32 1.0842
Support 2 1207.0 14.49 31.72 163 27/32 1.0800
Support 3 1197.7 14.37 31.11 163 15/32 1.0738
Contract May Corn May Wheat May Beans May SoyMeal April Nat Gas
Resistance 3 365.3 462.3 868.17 267.80 1.78
Resistance 2 363.5 459.4 866.33 265.50 1.76
Resistance 1 360.3 456.3 863.67 264.00 1.73
Pivot 358.5 453.4 861.83 261.70 1.71
Support 1 355.3 450.3 859.2 260.2 1.7
Support 2 353.5 447.4 857.33 257.90 1.66
Support 3 350.3 444.3 854.67 256.40 1.63
Economic Reports

source:http://www.forexfactory.com/calendar.php

All times are Eastern time Zone (EST)

Date 3:57pm Currency Impact Detail Actual Forecast Previous Graph
TueMar 1 3:15am EUR Spanish Manufacturing PMI 54.3 55.4
3:45am EUR Italian Manufacturing PMI 52.2 53.2
3:50am EUR French Final Manufacturing PMI 50.3 50.3
3:55am EUR German Unemployment Change -10K -20K
EUR German Final Manufacturing PMI 50.2 50.2
4:00am EUR Final Manufacturing PMI 51.0 51.0
EUR Italian Monthly Unemployment Rate 11.3% 11.4%
4:30am GBP Manufacturing PMI 52.3 52.9
5:00am EUR Unemployment Rate 10.4% 10.4%
9:45am USD Final Manufacturing PMI 51.0 51.0
10:00am USD ISM Manufacturing PMI 48.5 48.2
USD Construction Spending m/m 0.5% 0.1%
USD ISM Manufacturing Prices 35.5 33.5
All Day USD Total Vehicle Sales 17.6M 17.6M

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 judgement in trading.

 

Tags: > > > Posted in: Future Trading News   | Futures Trading  

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