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Elections and the Markets 11.08.2016

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

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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….

On a different note, nice educational video by my colleague Joe Easton on triangles and chart formations at:

https://vimeo.com/190261629

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.

If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

Futures Trading Levels

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

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   | Futures Trading  

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