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SP chart +Support and resistance levels for 7.19.2016

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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 Tuesday July 19, 2016

Hello Traders,

It is Earnings season. If you are a stock index trader, make sure you know which important earnings are coming out and when.

Visit this page, scroll down to bottom to see today’s earnings:

http://www.reuters.com/finance/EarningsUS

On a different note, it feels like somewhat of “Summer Trading” – Low energy and lower “speed” in the markets. I would have expected to see much more volatility after the news from Turkey but the market for now has not paid much attention. Volume was relatively low today and the range of moves was relatively tight.

Looking at the mini SP 500 chart along with volume as markets make new highs leads me to believe it is somewhat artificial….but then again it is not wise to argue with price action  and I would rather get a signal correction is starting than trying to predict the correction.

 Mini SP 500 Chart

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 

Contract Sept. 2016  SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2175.42 4675.58 18576 1219.77 96.96
Resistance 2 2169.33 4648.67 18535 1214.43 96.84
Resistance 1 2164.92 4630.83 18493 1209.37 96.71
Pivot 2158.83 4603.92 18452 1204.03 96.58
Support 1 2154.42 4586.08 18410 1198.97 96.45
Support 2 2148.33 4559.17 18369 1193.63 96.33
Support 3 2143.92 4541.33 18327 1188.57 96.20
Contract Aug. Gold Sept. Silver Aug. Crude Oil Sept. Bonds Sept.   Euro
Resistance 3 1349.1 20.90 47.27 173 31/32 1.1168
Resistance 2 1342.6 20.60 46.71 173 9/32 1.1140
Resistance 1 1336.6 20.37 45.99 172 12/32 1.1120
Pivot 1330.1 20.07 45.43 171 22/32 1.1092
Support 1 1324.1 19.85 44.71 170 25/32 1.1072
Support 2 1317.6 19.55 44.15 170 3/32 1.1044
Support 3 1311.6 19.32 43.43 169 6/32 1.1024
Contract Dec.Corn Sept. Wheat Nov. Beans Dec. SoyMeal Aug. Nat Gas
Resistance 3 375.7 443.5 1115.75 390.97 2.88
Resistance 2 369.6 437.0 1092.75 381.83 2.84
Resistance 1 366.4 433.3 1079.50 376.27 2.78
Pivot 360.3 426.8 1056.50 367.13 2.75
Support 1 357.2 423.0 1043.3 361.6 2.7
Support 2 351.1 416.5 1020.25 352.43 2.66
Support 3 347.9 412.8 1007.00 346.87 2.60

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

All times are Eastern time Zone (EST)

Date 4:11pm Currency Impact Detail Actual Forecast Previous Graph
TueJul 19  4:30am GBP
CPI y/y
0.4% 0.3%
GBP
PPI Input m/m
0.9% 2.6%
GBP
RPI y/y
1.4% 1.4%
GBP
Core CPI y/y
1.3% 1.2%
GBP
HPI y/y
7.9% 8.2%
GBP
PPI Output m/m
0.1% 0.1%
5:00am EUR
German ZEW Economic Sentiment
8.2 19.2
EUR
ZEW Economic Sentiment
12.3 20.2
8:30am USD
Building Permits
1.15m 1.14M
USD
Housing Starts
1.17M 1.16M
10:05am GBP
MPC Member Broadbent 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  

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