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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 November 08, 2016
Greetings!
From our friends at: www.TradeTheNews.com
Elections and Margins note:
With elections taking place, most of our FCMs ( clearing firms) raised the daytrading margins to either 50% or 100% of the overnight level.
This is currently not affecting Transact and Shogun users.
An example may be that you could normally day trade crude oil with $800 per contract but for Tonight through Wednesday morning you will need either full margin in the amount of approximately $4,000 or 50% which will be $2,000.
Not all software and clearing houses did so but we recommend you contact your broker to find out exactly what your margins are set at. This is a temporary increase ahead of anticipated volatility.
In my opinion this will help you protect yourself just as much as it does the firm….
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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Levels for Trade Date of 11.08.2016
| Contract Dec. 2016 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2158.67 | 4858.17 | 18436 | 1212.63 | 98.65 |
| Resistance 2 | 2142.83 | 4816.08 | 18308 | 1202.57 | 98.27 |
| Resistance 1 | 2134.42 | 4793.92 | 18240 | 1195.93 | 98.01 |
| Pivot | 2118.58 | 4751.83 | 18112 | 1185.87 | 97.63 |
| Support 1 | 2110.17 | 4729.67 | 18044 | 1179.23 | 97.37 |
| Support 2 | 2094.33 | 4687.58 | 17916 | 1169.17 | 96.99 |
| Support 3 | 2085.92 | 4665.42 | 17848 | 1162.53 | 96.73 |
| Contract | Dec. Gold | Dec. Silver | Dec. Crude Oil | Dec. Bonds | Dec. Euro |
| Resistance 3 | 1310.7 | 18.62 | 46.15 | 163 19/32 | 1.1196 |
| Resistance 2 | 1303.6 | 18.46 | 45.57 | 163 10/32 | 1.1163 |
| Resistance 1 | 1292.8 | 18.34 | 45.27 | 162 30/32 | 1.1113 |
| Pivot | 1285.7 | 18.17 | 44.69 | 162 21/32 | 1.1079 |
| Support 1 | 1274.9 | 18.05 | 44.39 | 162 9/32 | 1.1029 |
| Support 2 | 1267.8 | 17.89 | 43.81 | 162 | 1.0996 |
| Support 3 | 1257.0 | 17.77 | 43.51 | 161 20/32 | 1.0946 |
| Contract | Dec. Corn | Dec. Wheat | Jan. Beans | Dec. SoyMeal | Dec. Nat Gas |
| Resistance 3 | 351.3 | 422.2 | 1006.00 | 317.73 | 2.97 |
| Resistance 2 | 349.8 | 418.3 | 1003.50 | 315.57 | 2.92 |
| Resistance 1 | 348.0 | 414.2 | 1001.00 | 313.73 | 2.88 |
| Pivot | 346.5 | 410.3 | 998.50 | 311.57 | 2.83 |
| Support 1 | 344.8 | 406.2 | 996.0 | 309.7 | 2.8 |
| Support 2 | 343.3 | 402.3 | 993.50 | 307.57 | 2.73 |
| Support 3 | 341.5 | 398.2 | 991.00 | 305.73 | 2.69 |
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 3:53pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| TueNov 8 | 2:00am | EUR |
German Industrial Production m/m
|
-0.4% | 2.5% | ||||
| EUR |
German Trade Balance
|
23.4B | 22.2B | ||||||
| 2:45am | EUR |
French Gov Budget Balance
|
-96.0B | ||||||
| EUR |
French Trade Balance
|
-4.1B | -4.3B | ||||||
| 4:30am | GBP |
Manufacturing Production m/m
|
0.5% | 0.2% | |||||
| GBP |
Industrial Production m/m
|
0.1% | -0.4% | ||||||
| All Day | EUR |
ECOFIN Meetings
|
|||||||
| 6:00am | USD |
NFIB Small Business Index
|
94.6 | 94.1 | |||||
| 10:00am | GBP |
NIESR GDP Estimate
|
0.4% | ||||||
| USD |
JOLTS Job Openings
|
5.67M | 5.44M | ||||||
| All Day | USD |
Presidential Election
|
|||||||
| All Day | USD |
Congressional Elections
|
|||||||
| 12:00pm | GBP |
MPC Member Haldane Speaks
|