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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 Thursday November 10, 2016
Greetings!
Wow! What a volatile 24 hours we had across many markets. Mini Nasdaq limit down at one time, Mexican Peso down 11% at one point, bonds saw a 6 point swing, Dow had a range of over1100 points!! This one will definitely go down in the history books of trading….
What’s next?
Expect volatility and uncertainty to remain although not to this extent. Go back in your notes, research some volatile trading periods and adjust your trading accordingly and last but not least, remember that “No trade is better than a BAD trade”.
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.
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Levels for Trade Date of 11.10.2016
| Contract Dec. 2016 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2346.08 | 5200.67 | 20111 | 1377.83 | 102.31 |
| Resistance 2 | 2256.42 | 5019.08 | 19350 | 1305.47 | 100.48 |
| Resistance 1 | 2207.83 | 4921.67 | 18939 | 1268.33 | 99.57 |
| Pivot | 2118.17 | 4740.08 | 18178 | 1195.97 | 97.74 |
| Support 1 | 2069.58 | 4642.67 | 17767 | 1158.83 | 96.82 |
| Support 2 | 1979.92 | 4461.08 | 17006 | 1086.47 | 94.99 |
| Support 3 | 1931.33 | 4363.67 | 16595 | 1049.33 | 94.08 |
| Contract | Dec. Gold | Dec. Silver | Dec. Crude Oil | Dec. Bonds | Dec. Euro |
| Resistance 3 | 1389.6 | 19.57 | 49.48 | 170 21/32 | 1.1581 |
| Resistance 2 | 1364.0 | 19.29 | 47.72 | 167 26/32 | 1.1449 |
| Resistance 1 | 1319.4 | 18.84 | 46.60 | 162 12/32 | 1.1186 |
| Pivot | 1293.8 | 18.56 | 44.84 | 159 17/32 | 1.1054 |
| Support 1 | 1249.2 | 18.11 | 43.72 | 154 3/32 | 1.0791 |
| Support 2 | 1223.6 | 17.83 | 41.96 | 151 8/32 | 1.0659 |
| Support 3 | 1179.0 | 17.38 | 40.84 | 145 26/32 | 1.0396 |
| Contract | Dec. Corn | Dec. Wheat | Jan. Beans | Dec. SoyMeal | Dec. Nat Gas |
| Resistance 3 | 364.8 | 429.1 | 1044.17 | 329.23 | 2.97 |
| Resistance 2 | 359.9 | 423.4 | 1030.83 | 324.27 | 2.85 |
| Resistance 1 | 350.3 | 415.1 | 1010.92 | 317.83 | 2.77 |
| Pivot | 345.4 | 409.4 | 997.58 | 312.87 | 2.66 |
| Support 1 | 335.8 | 401.1 | 977.7 | 306.4 | 2.6 |
| Support 2 | 330.9 | 395.4 | 964.33 | 301.47 | 2.46 |
| Support 3 | 321.3 | 387.1 | 944.42 | 295.03 | 2.38 |
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 4:04pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| WedNov 9 | 4:30am | GBP |
Goods Trade Balance
|
-11.3B | -12.1B | ||||
| 5:00am | EUR |
EU Economic Forecasts
|
|||||||
| 10:00am | USD |
Final Wholesale Inventories m/m
|
0.2% | 0.2% | |||||
| 10:30am | USD |
Crude Oil Inventories
|
1.3M | 14.4M | |||||
| 1:00pm | GBP |
MPC Member Haldane Speaks
|
|||||||
| 1:01pm | USD |
10-y Bond Auction
|
1.79|2.5 | ||||||
| 7:01pm | GBP |
RICS House Price Balance
|
18% | 17% |