Mini Russell Heikin-Ashi Chart & Economic Reports 7.07.2015

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.

Mini Russell Heikin-Ashi Chart & Economic Reports 7.07.2015

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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 July 7, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Hello Traders,

Markets gaped heavily lower after the vote in Greece but to be honest that was about it….volume was much lighter than anticipated and price action once cash opened was NOT impressive to say the least.

Did the shorts got their hand burnt these past few years with QE? Was the FED able to “condition and scare the short sellers? or perhaps now that Greece and other European countries are facing financial crisis the market figures “maybe the FED wont raise rates this year after all?

Many questions, few answers…daily chart of mini Russell for your review below as I feel this one has been the leader recently:

TFE - Russell 2000 Index Mini, Equalized Active Daily Continuation:Heikin-Ashi

One quick observation I saw: The recent down move is almost the SAME as the down move between April 27th and May 6th.

In order for this market to have a chance to move lower, we need to take the lows from last night, otherwise we may see a move up.



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 Sept. 2015 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2114.67 4551.92 18063 1284.57 97.47
Resistance 2 2092.58 4494.58 17867 1267.63 97.17
Resistance 1 2078.42 4458.67 17746 1256.87 96.80
Pivot 2056.33 4401.33 17550 1239.93 96.50
Support 1 2042.17 4365.42 17429 1229.17 96.12
Support 2 2020.08 4308.08 17233 1212.23 95.82
Support 3 2005.92 4272.17 17112 1201.47 95.45
Contract Aug. Gold Sept. Silver Aug. Crude Oil Sept. Bonds Sept.   Euro
Resistance 3 1187.1 16.16 59.96 154 2/32 1.1271
Resistance 2 1180.8 15.99 58.38 153 2/32 1.1200
Resistance 1 1174.6 15.83 55.58 152 12/32 1.1134
Pivot 1168.3 15.66 54.00 151 12/32 1.1063
Support 1 1162.1 15.51 51.20 150 22/32 1.0997
Support 2 1155.8 15.34 49.62 149 22/32 1.0926
Support 3 1149.6 15.18 46.82 149 1.0860
Contract Dec. Corn Sept. Wheat Nov Beans Dec. SoyMeal Aug Nat Gas
Resistance 3 444.7 595.5 1032.42 348.43 2.96
Resistance 2 440.3 595.5 1027.58 345.97 2.91
Resistance 1 437.7 595.5 1021.17 343.13 2.83
Pivot 433.3 595.5 1016.33 340.67 2.78
Support 1 430.7 595.5 1009.9 337.8 2.7
Support 2 426.3 595.5 1005.08 335.37 2.66
Support 3 423.7 595.5 998.67 332.53 2.58
Economic Reports


All times are Eastern time Zone (EST)

Date 4:18pm Currency Impact Detail Actual Forecast Previous Graph
TueJul 7  2:00am EUR German Industrial Production m/m 0.1% 0.9%
2:45am EUR French Gov Budget Balance -59.8B
EUR French Trade Balance -3.3B -3.0B
All Day EUR Eurogroup Meetings
All Day EUR Euro Summit
8:30am USD Trade Balance -42.5B -40.9B
10:00am USD JOLTS Job Openings 5.33M 5.38M
USD IBD/TIPP Economic Optimism 48.9 48.1

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.


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