Are the lows in for the Grain Markets? 10.06.2016
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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Greetings!
Are the Lows in for the Grain Markets? A USDA report was published this past Friday and it seems that once the information was digested by traders, there might be room for a potential rally in grain markets.
read full article along with charts at:
https://www.thestreet.com/story/13841020/1/are-the-lows-in-for-the-grain-markets.html
GOOD TRADING
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Levels for Trade Date of 10.06.2016
| Contract Dec. 2016 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2177.83 | 4931.17 | 18449 | 1270.30 | 96.69 |
| Resistance 2 | 2167.92 | 4909.83 | 18341 | 1261.30 | 96.50 |
| Resistance 1 | 2160.83 | 4891.92 | 18269 | 1253.10 | 96.32 |
| Pivot | 2150.92 | 4870.58 | 18161 | 1244.10 | 96.13 |
| Support 1 | 2143.83 | 4852.67 | 18089 | 1235.90 | 95.95 |
| Support 2 | 2133.92 | 4831.33 | 17981 | 1226.90 | 95.76 |
| Support 3 | 2126.83 | 4813.42 | 17909 | 1218.70 | 95.58 |
| Contract | Dec. Gold | Dec. Silver | Nov. Crude Oil | Dec. Bonds | Dec. Euro |
| Resistance 3 | 1293.3 | 18.47 | 50.96 | 168 10/32 | 1.1309 |
| Resistance 2 | 1286.3 | 18.26 | 50.47 | 167 19/32 | 1.1288 |
| Resistance 1 | 1278.0 | 18.02 | 50.09 | 166 24/32 | 1.1265 |
| Pivot | 1271.0 | 17.80 | 49.60 | 166 1/32 | 1.1244 |
| Support 1 | 1262.7 | 17.56 | 49.22 | 165 6/32 | 1.1221 |
| Support 2 | 1255.7 | 17.35 | 48.73 | 164 15/32 | 1.1200 |
| Support 3 | 1247.4 | 17.11 | 48.35 | 163 20/32 | 1.1177 |
| Contract | Dec. Corn | Dec. Wheat | Nov. Beans | Dec. SoyMeal | Nov. Nat Gas |
| Resistance 3 | 353.6 | 428.2 | 981.33 | 314.33 | 3.22 |
| Resistance 2 | 351.4 | 418.3 | 973.92 | 312.07 | 3.14 |
| Resistance 1 | 349.6 | 411.7 | 965.33 | 308.73 | 3.09 |
| Pivot | 347.4 | 401.8 | 957.92 | 306.47 | 3.01 |
| Support 1 | 345.6 | 395.2 | 949.3 | 303.1 | 3.0 |
| Support 2 | 343.4 | 385.3 | 941.92 | 300.87 | 2.87 |
| Support 3 | 341.6 | 378.7 | 933.33 | 297.53 | 2.82 |
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 4:19pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| ThuOct 6 | 2:00am | EUR |
German Factory Orders m/m
|
0.3% | 0.2% | ||||
| 4:10am | EUR |
Retail PMI
|
51.0 | ||||||
| 4:30am | GBP |
Housing Equity Withdrawal q/q
|
-5.4B | -4.9B | |||||
| Tentative | EUR |
French 10-y Bond Auction
|
0.26|2.1 | ||||||
| Tentative | GBP |
30-y Bond Auction
|
1.53|1.9 | ||||||
| 7:30am | EUR |
ECB Monetary Policy Meeting Accounts
|
|||||||
| USD |
Challenger Job Cuts y/y
|
-21.8% | |||||||
| 8:30am | USD |
Unemployment Claims
|
255K | 254K | |||||
| 10:30am | USD |
Natural Gas Storage
|
67B | 49B |
