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Swiss Franc & Futures Levels 1.16.2015

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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 January 16, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Swiss franc made a huge move today as Swiss officials decided to detach the Swiss rate from the Euro currency….This was probably the biggest one day move I have witnessed in any commodity/futures market percent wise in my 17 years as a broker ( at the high today it was up approx. 25%, closed up 17%!!!)…..

Monthly chart below for general knowledge below…

SF6 - Swiss Franc (Globex), Monthly Continuation

SF6 – Swiss Franc (Globex), Monthly Continuation

And repeating yesterday’s words below as today was even a crazier day than any so far…..

VOLATILITY is the keyword today and the last few weeks.
Personally I think this market has been harder to trade.
Do your homework. Review the charts over different time frames.
Do you need to adjust entry techniques? Do you need to use LESS leverage? Perhaps your stops needs to be adjusted based on volatility?

i am just throwing some ideas out there to help you think, research and hopefully implement and adapt to what I consider a different market for day trading than we have seen for most of 2014.

 

Our blog is nominated for the STAR award once again!

2014 Trader Planet Award

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Please vote for our blog at:

www.traderplanet.com/l/qYd

Once there, scroll to the blog category and select

Daily Futures Trading Levels and Insight  as your first place and submit at bottom of the page!

 

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 March 2015 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2060.42 4276.17 17838 1214.40 95.24
Resistance 2 2043.83 4233.08 17685 1200.50 94.27
Resistance 1 2017.92 4163.92 17495 1177.00 93.44
Pivot 2001.33 4120.83 17342 1163.10 92.47
Support 1 1975.42 4051.67 17152 1139.60 91.63
Support 2 1958.83 4008.58 16999 1125.70 90.66
Support 3 1932.92 3939.42 16809 1102.20 89.83
Contract Feb. Gold Mar.Silver Feb. Crude Oil Mar. Bonds March   Euro
Resistance 3 1316.1 17.70 54.86 153 2/32 1.1975
Resistance 2 1291.7 17.47 53.06 151 30/32 1.1886
Resistance 1 1275.0 17.17 49.66 151 9/32 1.1752
Pivot 1250.6 16.94 47.86 150 5/32 1.1663
Support 1 1233.9 16.64 44.46 149 16/32 1.1529
Support 2 1209.5 16.41 42.66 148 12/32 1.1440
Support 3 1192.8 16.11 39.26 147 23/32 1.1306
Contract March Corn March Wheat March Beans March SoyMeal March bean Oil
Resistance 3 394.4 535.7 1043.83 347.00 33.98
Resistance 2 390.8 535.1 1031.67 342.50 33.66
Resistance 1 385.4 533.9 1011.33 334.60 33.33
Pivot 381.8 533.3 999.17 330.10 33.01
Support 1 376.4 532.2 978.8 322.2 32.7
Support 2 372.8 531.6 966.67 317.70 32.36
Support 3 367.4 530.4 946.33 309.80 32.03
5. Economic Reports

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

All times are Eastern time Zone (EST)

Date 4:06pm Currency Impact Detail Actual Forecast Previous Graph
FriJan 16 2:00am EUR German Final CPI m/m 0.0% 0.0%
2:45am EUR French Gov Budget Balance -84.7B
3:15am CHF Retail Sales y/y 1.1% 0.3%
5:00am EUR Final CPI y/y -0.2% -0.2%
EUR Final Core CPI y/y 0.8% 0.8%
8:30am USD CPI m/m -0.3% -0.3%
USD Core CPI m/m 0.1% 0.1%
9:15am USD Capacity Utilization Rate 80.2% 80.1%
USD Industrial Production m/m 0.1% 1.3%
9:55am USD Prelim UoM Consumer Sentiment 94.2 93.6
USD Prelim UoM Inflation Expectations 2.8%
11:00am USD FOMC Member Williams Speaks
4:00pm USD TIC Long-Term Purchases 27.3B -1.4B

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.

 

Tags: > > > > Posted in: Future Trading News  

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