Posted By: Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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 Friday September 16, 2016
Quadruple witching tomorrow!
Not that we needed any extra events for higher volatility…Markets went from extremely low volatility to much expanded volatility….
Personally I don’t have a feel for near term direction of stock indices as the markets been making some large moves on a daily basis with no real direction so far….I guess if Nasdaq breaks the all time highs, it may be a clue….
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Levels for Trade Date of 9.16.2016
|Contract Dec. 2016||SP500||Nasdaq100||Dow Jones||Mini Russell||Dollar Index|
|Contract||Dec. Gold||Dec. Silver||Oct. Crude Oil||Dec. Bonds||Sept. Euro|
|Resistance 3||1349.4||19.67||45.45||167 19/32||1.1354|
|Resistance 2||1340.9||19.48||44.89||166 26/32||1.1322|
|Resistance 1||1329.0||19.27||44.37||166 2/32||1.1283|
|Support 1||1308.6||18.86||43.29||164 17/32||1.1213|
|Support 2||1300.1||18.67||42.73||163 24/32||1.1181|
|Contract||Dec. Corn||Dec. Wheat||Nov. Beans||Dec. SoyMeal||Oct. Nat Gas|
Italian Trade Balance
Core CPI m/m
Prelim UoM Consumer Sentiment
Prelim UoM Inflation Expectations
TIC Long-Term Purchases