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Support & Resistance Levels

This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.

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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 October 6, 2016

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

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

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

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  

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