Thursday June 2nd is full of market moving numbers!
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 Thursday June 02, 2016
For 2016 I would like to wish all of you discipline and patience in your trading!
Looking at the calendar of reports on section 3 below and I think we may have a volatile, big day tomorrow across many markets.
We have OPEC meeting, Crude Oil numbers ( postponed from today due to memorial day ). Natural gas numbers, ECB rate, challenger job report here, UK exit or not to exit the EU vote and more…..Should be an interesting day.
Make sure you are aware of the different times of reports/news events and how they can affect the specific markets you are 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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|Contract June 2016||SP500||Nasdaq100||Dow Jones||Mini Russell||Dollar Index|
|Contract||Aug. Gold||July Silver||July Crude Oil||June Bonds||June Euro|
|Resistance 3||1237.6||16.40||51.24||165 19/32||1.1304|
|Resistance 2||1230.3||16.25||50.24||165 3/32||1.1251|
|Resistance 1||1222.9||16.12||49.74||164 11/32||1.1224|
|Support 1||1208.2||15.85||48.24||163 3/32||1.1144|
|Support 2||1200.9||15.70||47.24||162 19/32||1.1091|
|Support 3||1193.5||15.57||46.74||161 27/32||1.1064|
|Contract||July Corn||July Wheat||July Beans||July SoyMeal||July Nat Gas|
|ThuJun 2||All Day||EUR||
Italian Bank Holiday
Spanish Unemployment Change
French 10-y Bond Auction
Challenger Job Cuts y/y
Minimum Bid Rate
ADP Non-Farm Employment Change
ECB Press Conference
FOMC Member Powell Speaks
Natural Gas Storage
Crude Oil Inventories