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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 Friday May 15, 2015
Hello Traders,
For 2015 I would like to wish all of you discipline and patience in your trading!
Hello Traders,
Our blog touches on many topics mostly of interest to day-traders and self directed traders, but did you know that here at Cannon we also offer automated trading systems as well as managed accounts?
Participating in either one does not mean it has to replace your own trading. Most of our clients who participate in either managed accounts and/or trading systems also have their own self directed account. The two accounts can balance each other OR if you are too busy and don’t have the time to trade on your own, a professional managed account or trading system can be a good solution.
Most of our trading systems/managed accounts do require a minimum balance of $25,000.
If you like to view LIVE, REAL TIME NET results or are interested in performance and more information please reply back with the following:
- Are you currently trading futures?
- Ever participated in managed account or trading system?
- Ever invested in mutual funds?
- Would you like to set up a 10 minutes consultation with an experienced broker?
- Phone number/ email
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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| Contract June 2015 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2152.75 | 4597.83 | 18506 | 1264.67 | 94.44 |
| Resistance 2 | 2135.50 | 4545.42 | 18360 | 1254.23 | 94.13 |
| Resistance 1 | 2126.50 | 4517.58 | 18280 | 1248.47 | 93.78 |
| Pivot | 2109.25 | 4465.17 | 18134 | 1238.03 | 93.47 |
| Support 1 | 2100.25 | 4437.33 | 18054 | 1232.27 | 93.11 |
| Support 2 | 2083.00 | 4384.92 | 17908 | 1221.83 | 92.80 |
| Support 3 | 2074.00 | 4357.08 | 17828 | 1216.07 | 92.45 |
| Contract | June Gold | July Silver | June Crude Oil | June Bonds | June Euro |
| Resistance 3 | 1244.0 | 18.17 | 62.09 | 154 27/32 | 1.1578 |
| Resistance 2 | 1235.9 | 17.88 | 61.47 | 154 7/32 | 1.1517 |
| Resistance 1 | 1228.2 | 17.66 | 60.61 | 153 18/32 | 1.1465 |
| Pivot | 1220.1 | 17.36 | 59.99 | 152 30/32 | 1.1404 |
| Support 1 | 1212.4 | 17.14 | 59.13 | 152 9/32 | 1.1352 |
| Support 2 | 1204.3 | 16.85 | 58.51 | 151 21/32 | 1.1291 |
| Support 3 | 1196.6 | 16.63 | 57.65 | 151 | 1.1239 |
| Contract | July Corn | July Wheat | July Beans | July SoyMeal | June Nat Gas |
| Resistance 3 | 373.4 | 532.5 | 965.58 | 307.60 | 3.19 |
| Resistance 2 | 370.8 | 523.8 | 962.67 | 306.20 | 3.10 |
| Resistance 1 | 369.4 | 519.0 | 959.83 | 304.20 | 3.06 |
| Pivot | 366.8 | 510.3 | 956.92 | 302.80 | 2.97 |
| Support 1 | 365.4 | 505.5 | 954.1 | 300.8 | 2.9 |
| Support 2 | 362.8 | 496.8 | 951.17 | 299.40 | 2.84 |
| Support 3 | 361.4 | 492.0 | 948.33 | 297.40 | 2.79 |
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 4:07pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| FriMay 15 | 8:30am | USD | Empire State Manufacturing Index | 5.1 | -1.2 | ||||
| 9:15am | USD | Capacity Utilization Rate | 78.4% | 78.4% | |||||
| USD | Industrial Production m/m | 0.1% | -0.6% | ||||||
| 10:00am | USD | Prelim UoM Consumer Sentiment | 95.8 | 95.9 | |||||
| USD | Prelim UoM Inflation Expectations | 2.6% | |||||||
| 4:00pm | USD | TIC Long-Term Purchases | 17.4B | 9.8B |
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.