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New Year’s Trading Hours 12.29.2016

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Dear Traders,

* Sometimes our biggest challenge when trading is simply NOT TO GET INTO A TRADE….One of my client said: “I am getting paid to wait”…

** This week and next week, crude oil numbers come out Thursday at 10 AM central since the markets were closed Monday.

Learning to be selective and controlling to urge to just get into a trade because otherwise “you feel you are not doing your job” is not easy but this is definitely one of the steps you as a trader must master in order to be part of the very small percentage of traders who actually make it….

*** New Year’s trading Hours:CME Globex New Year Holiday Schedule

  ****

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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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Futures Trading Levels

Levels for Trade Date of 12.29.2016

Contract March 2017 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2284.83 5021.42 20029 1396.77 104.31
Resistance 2 2276.17 5000.33 19975 1387.83 103.94
Resistance 1 2260.83 4962.42 19878 1374.67 103.60
Pivot 2252.17 4941.33 19824 1365.73 103.23
Support 1 2236.83 4903.42 19727 1352.57 102.88
Support 2 2228.17 4882.33 19673 1343.63 102.51
Support 3 2212.83 4844.42 19576 1330.47 102.17
Contract Feb. Gold March Silver Feb. Crude Oil Mar. Bonds March   Euro
Resistance 3 1154.6 16.47 55.15 151 7/32 1.0617
Resistance 2 1149.9 16.31 54.76 150 16/32 1.0570
Resistance 1 1146.6 16.20 54.34 150 2/32 1.0513
Pivot 1141.9 16.03 53.95 149 11/32 1.0467
Support 1 1138.6 15.92 53.53 148 29/32 1.0410
Support 2 1133.9 15.76 53.14 148 6/32 1.0363
Support 3 1130.6 15.65 52.72 147 24/32 1.0306
Contract March Corn March Wheat Mar. Beans March SoyMeal Feb. Nat Gas
Resistance 3 360.4 416.5 1033.92 328.53 4.19
Resistance 2 357.6 413.0 1028.33 326.37 4.04
Resistance 1 352.9 407.3 1022.42 323.33 3.96
Pivot 350.1 403.8 1016.83 321.17 3.81
Support 1 345.4 398.0 1010.9 318.1 3.7
Support 2 342.6 394.5 1005.33 315.97 3.58
Support 3 337.9 388.8 999.42 312.93 3.49

All times are Eastern time Zone (EST)

source:http://www.forexfactory.com/calendar.php

Date 4:06pm Currency Impact Detail Actual Forecast Previous Graph
ThuDec 29  2:00am GBP
Nationwide HPI m/m
0.2% 0.1%
4:00am EUR
M3 Money Supply y/y
4.4% 4.4%
EUR
Private Loans y/y
1.9% 1.8%
Tentative EUR
Italian 10-y Bond Auction
1.97|1.6
8:30am USD
Unemployment Claims
277K 275K
USD
Goods Trade Balance
-61.5B -61.9B
USD
Prelim Wholesale Inventories m/m
0.1% -0.4%
10:30am USD
Natural Gas Storage
-219B -209B
11:00am USD
Crude Oil Inventories
-1.3M 2.3M

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  

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