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 Wednesday September 2, 2015
For 2015 I would like to wish all of you discipline and patience in your trading!
Greetings! My lesson for today was something I actually mentioned in previous posts.
Better late than never, my new stop settings are in place for tomorrow!
Speaking of the mini Russell, below you will see 60 minute chart along with some possible extension based on last week sell off:
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|Contract Sept. 2015||SP500||Nasdaq100||Dow Jones||Mini Russell||Dollar Index|
|Contract||Dec. Gold||Dec. Silver||Oct. Crude Oil||Dec. Bonds||Sept. Euro|
|Resistance 3||1160.2||14.99||51.80||157 13/32||1.1481|
|Resistance 2||1153.7||14.87||50.33||156 16/32||1.1408|
|Resistance 1||1146.7||14.73||47.77||155 25/32||1.1356|
|Support 1||1133.2||14.47||43.74||154 5/32||1.1231|
|Support 2||1126.7||14.35||42.27||153 8/32||1.1158|
|Support 3||1119.7||14.21||39.71||152 17/32||1.1106|
|Contract||Dec. Corn||Dec. Wheat||Nov Beans||Dec. SoyMeal||Oct. Nat Gas|
|WedSep 2||3:00am||EUR||Spanish Unemployment Change||35.3K||-74.0K|
|8:15am||USD||ADP Non-Farm Employment Change||204K||185K|
|8:30am||USD||Revised Nonfarm Productivity q/q||2.9%||1.3%|
|USD||Revised Unit Labor Costs q/q||-0.5%||0.5%|
|10:00am||USD||Factory Orders m/m||0.8%||1.8%|
|10:30am||USD||Crude Oil Inventories||-0.7M||-5.5M|
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 judgment in trading.