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Managed Futures and Trading Systems 10.19.2016

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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 Wednesday October 19, 2016

Greetings!

Last two days were a bit quieter than recent action but I have a feeling this will change tomorrow with Crude Oil numbers and housing starts.

Front month for crude oil is now December.

Watch our latest video about managed futures and trading systems. Scroll down to watch the third video.

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 10.19.2016

Contract Dec. 2016 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2160.92 4913.58 18314 1229.97 98.41
Resistance 2 2150.33 4885.17 18229 1225.53 98.19
Resistance 1 2141.42 4856.58 18147 1219.37 98.04
Pivot 2130.83 4828.17 18062 1214.93 97.82
Support 1 2121.92 4799.58 17980 1208.77 97.68
Support 2 2111.33 4771.17 17895 1204.33 97.46
Support 3 2102.42 4742.58 17813 1198.17 97.31
Contract Dec. Gold Dec. Silver Dec. Crude Oil Dec. Bonds Dec.   Euro
Resistance 3 1277.0 18.03 51.86 165 31/32 1.1098
Resistance 2 1271.3 17.88 51.40 165 7/32 1.1076
Resistance 1 1267.3 17.76 51.05 164 25/32 1.1041
Pivot 1261.6 17.61 50.59 164 1/32 1.1019
Support 1 1257.6 17.48 50.24 163 19/32 1.0984
Support 2 1251.9 17.33 49.78 162 27/32 1.0962
Support 3 1247.9 17.21 49.43 162 13/32 1.0927
Contract Dec. Corn Dec. Wheat Nov. Beans Dec. SoyMeal Nov. Nat Gas
Resistance 3 363.0 429.4 998.00 314.03 3.37
Resistance 2 360.3 426.8 992.50 311.47 3.34
Resistance 1 357.0 423.4 982.50 307.43 3.30
Pivot 354.3 420.8 977.00 304.87 3.28
Support 1 351.0 417.4 967.0 300.8 3.2
Support 2 348.3 414.8 961.50 298.27 3.21
Support 3 345.0 411.4 951.50 294.23 3.16

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

All times are Eastern time Zone (EST)

Date 4:24pm Currency Impact Detail Actual Forecast Previous Graph
WedOct 19  4:30am GBP
Average Earnings Index 3m/y
2.3% 2.3%
GBP
Claimant Count Change
3.4K 2.4K
GBP
Unemployment Rate
4.9% 4.9%
Tentative EUR
German 30-y Bond Auction
0.62|1.7
Tentative GBP
10-y Bond Auction
0.69|1.7
8:30am USD
Building Permits
1.17M 1.14M
USD
Housing Starts
1.18M 1.14M
10:30am USD
Crude Oil Inventories
2.2M 4.9M
1:00pm GBP
MPC Member Haldane Speaks
2:00pm USD
Beige Book
7:45pm USD
FOMC Member Dudley 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 judgement in trading.

Tags: > Posted in: Future Trading News  

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