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Support & Resistance Levels

This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.

September Started Out with an Impressive Rally!

The slew of reports due tomorrow and Friday, will determine if this market will visit 1093 followed by 1106 or if this is the extend of the bounce. If I had to guess based on the momentum, I would say there is a good chance we will visit the 1100 area but of course this is just a guess….

Daily chart of Mini SP 500 for your review.

E Mini SP 500 Daily Chart

E Mini SP 500 Daily Chart

GOOD TRADING!

Futures Trading Levels

Futures Trading Levels

Futures Trading Levels

This Week’s Calendar from Econoday.Com
All reports are EST time

Another great source for economic reports around the globe with “report importance indicator” at: http://www.forexfactory.com/calendar.php

Thursday, Sept 2nd 2010 – http://mam.econoday.com/byweek.asp?cust=mam

Chain Store Sales

  • Monster Employment Index
    6:00 AM ET
  • Jobless Claims
    8:30 AM ET
  • Productivity and Costs
    8:30 AM ET
  • Ben Bernanke Speaks
    9:00 AM ET
  • Sandra Pianlto Speaks
    9:05 AM ET
  • Factory Orders
    10:00 AM ET
  • Pending Home Sales Index
    10:00 AM ET
  • EIA Natural Gas Report
    10:30 AM ET
  • 3-Month Bill Announcement
    11:00 AM ET
  • 6-Month Bill Announcement
    11:00 AM ET
  • 3-Yr Note Announcement
    11:00 AM ET
  • 10-Yr Note Announcement
    11:00 AM ET
  • 30-Yr Bond Announcement
    11:00 AM ET
  • 10-Yr TIPS Auction
    1:00 PM ET
  • Fed Balance Sheet
    4:30 PM ET
  • Money Supply
    4:30 PM ET

Disclaimer:
Trading commodity futures and options involves substantial risk of loss. The recommendations contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results. This is not a solicitation of any order to buy or sell, but a current futures market view provided by Cannon Trading Inc. Any statement of facts herein 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!

 

Tags: > > Posted in: Commodity Trading   | Future Trading News   | Futures Trading   | Options Trading  

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