Rollover Notice for Stock Index Futures 9.09.2016

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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 Friday September 9, 2016

Greetings!

Rollover is here again….The quarterly event is upon us once more, so read below and adjust!

Rollover Notice for Stock Index Futures

Important notice: For those of you trading any stock index futures contracts, i.e., the E-mini S&P, E-mini NASDAQ, E-mini Dow Jones, the “Big” pit-traded S&P 500, etc., it is extremely important to remember that tomorrow, Thursday, Sept.8th, is rollover day.

Starting Sept. 8th, the December 2016 futures contracts will be the front month contracts. It is recommended that all new positions be placed in the December 2016 contract as of Sept. 8th. Volume in the Sept. contracts will begin to drop off until its expiration on Friday September 16th.

The month code for December is Z6.

Traders with electronic trading software should make sure that defaults reflect the proper contract as of Thursday morning.

Please close any open September Currency positions by the close on Friday the 16th.

Should you have any further question please contact your broker.

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  9.09.2016

Contract Dec. 2016 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2195.75 4878.17 18660 1270.57 96.02
Resistance 2 2190.50 4857.58 18528 1264.03 95.58
Resistance 1 2182.25 4830.67 18478 1259.97 95.32
Pivot 2176.00 4810.08 18428 1252.43 94.88
Support 1 2168.75 4783.17 18368 1250.37 94.63
Support 2 2162.50 4762.58 18308 1244.83 94.19
Support 3 2155.25 4735.67 18258 1240.77 93.93
Contract Dec. Gold Dec. Silver Oct. Crude Oil Dec. Bonds Sept.   Euro
Resistance 3 1365.6 20.32 50.18 173 13/32 1.1408
Resistance 2 1359.7 20.17 48.96 172 7/32 1.1370
Resistance 1 1350.8 19.93 48.20 170 15/32 1.1314
Pivot 1344.9 19.78 46.98 169 9/32 1.1276
Support 1 1336.0 19.54 46.22 167 17/32 1.1220
Support 2 1330.1 19.39 45.00 166 11/32 1.1182
Support 3 1321.2 19.15 44.24 164 19/32 1.1126
Contract Dec. Corn Dec. Wheat Nov. Beans Dec. SoyMeal Oct. Nat Gas
Resistance 3 346.9 417.6 997.08 324.83 3.00
Resistance 2 342.8 412.2 990.42 322.07 2.91
Resistance 1 340.7 409.1 983.58 319.83 2.85
Pivot 336.6 403.7 976.92 317.07 2.77
Support 1 334.4 400.6 970.1 314.8 2.7
Support 2 330.3 395.2 963.42 312.07 2.62
Support 3 328.2 392.1 956.58 309.83 2.57


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

All times are Eastern time Zone (EST)

Date 3:55pm Currency Impact Detail Actual Forecast Previous Graph
FriSep 9  2:00am EUR
German Trade Balance
21.2B 21.7B
2:45am EUR
French Gov Budget Balance
-61.8B
EUR
French Industrial Production m/m
0.2% -0.8%
4:30am GBP
Goods Trade Balance
-11.7B -12.4B
GBP
Construction Output m/m
-1.0% -0.9%
GBP
Consumer Inflation Expectations
2.0%
All Day EUR
Eurogroup Meetings
7:45am USD
FOMC Member Rosengren Speaks
10:00am USD
Wholesale Inventories m/m
0.1% 0.3%

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.