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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 March 3, 2016
Hello Traders,
For 2016 I would like to wish all of you discipline and patience in your trading!
Greetings!
Daily chart of the mini SP 500 for your review. Heikin-Ashi chart type.
We are trading against first major resistance since this bounce started:
TRADE SMART / TRADE SYSTEMS — for the current rankings as well as actual performance of trading systems traded at Striker, click here.
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.
| Contract March 2016 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2008.58 | 4418.25 | 17099 | 1084.67 | 98.92 |
| Resistance 2 | 1996.67 | 4388.00 | 17003 | 1074.93 | 98.76 |
| Resistance 1 | 1990.08 | 4359.75 | 16936 | 1069.37 | 98.47 |
| Pivot | 1978.17 | 4329.50 | 16840 | 1059.63 | 98.31 |
| Support 1 | 1971.58 | 4301.25 | 16773 | 1054.07 | 98.03 |
| Support 2 | 1959.67 | 4271.00 | 16677 | 1044.33 | 97.87 |
| Support 3 | 1953.08 | 4242.75 | 16610 | 1038.77 | 97.58 |
| Contract | Apr. Gold | May Silver | Apr. Crude Oil | June Bonds | March Euro |
| Resistance 3 | 1268.7 | 15.37 | 37.10 | 163 29/32 | 1.0951 |
| Resistance 2 | 1256.7 | 15.21 | 36.14 | 163 13/32 | 1.0917 |
| Resistance 1 | 1249.0 | 15.09 | 35.48 | 163 4/32 | 1.0895 |
| Pivot | 1237.0 | 14.93 | 34.52 | 162 20/32 | 1.0862 |
| Support 1 | 1229.3 | 14.82 | 33.86 | 162 11/32 | 1.0840 |
| Support 2 | 1217.3 | 14.66 | 32.90 | 161 27/32 | 1.0806 |
| Support 3 | 1209.6 | 14.54 | 32.24 | 161 18/32 | 1.0784 |
| Contract | May Corn | May Wheat | May Beans | May SoyMeal | April Nat Gas |
| Resistance 3 | 360.0 | 463.0 | 874.25 | 271.07 | 1.81 |
| Resistance 2 | 358.8 | 457.3 | 869.50 | 268.43 | 1.78 |
| Resistance 1 | 357.5 | 453.8 | 865.50 | 266.47 | 1.72 |
| Pivot | 356.3 | 448.0 | 860.75 | 263.83 | 1.69 |
| Support 1 | 355.0 | 444.5 | 856.8 | 261.9 | 1.6 |
| Support 2 | 353.8 | 438.8 | 852.00 | 259.23 | 1.60 |
| Support 3 | 352.5 | 435.3 | 848.00 | 257.27 | 1.55 |
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 4:06pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| ThuMar 3 | 2:00am | GBP | Nationwide HPI m/m | 0.3% | |||||
| 3:15am | EUR | Spanish Services PMI | 53.9 | 54.6 | |||||
| 3:30am | GBP | Halifax HPI m/m | 0.1% | 1.7% | |||||
| 3:45am | EUR | Italian Services PMI | 52.7 | 53.6 | |||||
| 3:50am | EUR | French Final Services PMI | 49.8 | 49.8 | |||||
| 3:55am | EUR | German Final Services PMI | 55.1 | 55.1 | |||||
| 4:00am | EUR | Final Services PMI | 53.0 | 53.0 | |||||
| 4:30am | GBP | Services PMI | 55.1 | 55.6 | |||||
| 5:00am | EUR | Retail Sales m/m | 0.1% | 0.3% | |||||
| Tentative | EUR | French 10-y Bond Auction | 0.67|4.1 | ||||||
| 7:30am | USD | Challenger Job Cuts y/y | 41.6% | ||||||
| 8:30am | USD | Unemployment Claims | 271K | 272K | |||||
| USD | Revised Nonfarm Productivity q/q | -3.2% | -3.0% | ||||||
| USD | Revised Unit Labor Costs q/q | 4.8% | 4.5% | ||||||
| 9:45am | USD | Final Services PMI | 49.8 | 49.8 | |||||
| 10:00am | USD | ISM Non-Manufacturing PMI | 49.8 | 53.5 | |||||
| USD | Factory Orders m/m | 2.1% | -2.9% | ||||||
| 10:30am | USD | Natural Gas Storage | -49B | -117B | |||||
| 12:45pm | GBP | MPC Member Haldane 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.