Trading 102: Line Close Only Charts Video 10.25.2016

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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 October 25, 2016

Greetings!

Trading 102 to start our week, Close Only Line Charts:

This video will introduce you to the added advantage of using “Close Only” trend lines.

You can find them under  “Line Chart” when selecting “Chart Style” on most platforms.

https://vimeo.com/188716785

GOOD TRADING

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Futures Trading Levels

Levels for Trade Date of 10.25.2016

Contract Dec. 2016 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2164.83 4991.00 18340 1246.77 99.17
Resistance 2 2156.92 4949.25 18269 1239.03 99.00
Resistance 1 2150.58 4926.25 18204 1231.57 98.89
Pivot 2142.67 4884.50 18133 1223.83 98.71
Support 1 2136.33 4861.50 18068 1216.37 98.60
Support 2 2128.42 4819.75 17997 1208.63 98.43
Support 3 2122.08 4796.75 17932 1201.17 98.32
Contract Dec. Gold Dec. Silver Dec. Crude Oil Dec. Bonds Dec.   Euro
Resistance 3 1284.5 18.26 52.55 166 17/32 1.0961
Resistance 2 1278.6 18.08 51.77 165 30/32 1.0943
Resistance 1 1271.8 17.84 51.19 165 5/32 1.0920
Pivot 1265.9 17.65 50.41 164 18/32 1.0902
Support 1 1259.1 17.41 49.83 163 25/32 1.0880
Support 2 1253.2 17.23 49.05 163 6/32 1.0862
Support 3 1246.4 16.99 48.47 162 13/32 1.0839
Contract Dec. Corn Dec. Wheat Nov. Beans Dec. SoyMeal Nov. Nat Gas
Resistance 3 358.4 425.7 1014.25 314.90 3.20
Resistance 2 355.6 420.3 1007.00 312.70 3.12
Resistance 1 351.9 411.4 999.50 310.00 2.99
Pivot 349.1 406.1 992.25 307.80 2.91
Support 1 345.4 397.2 984.8 305.1 2.8
Support 2 342.6 391.8 977.50 302.90 2.69
Support 3 338.9 382.9 970.00 300.20 2.55

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

All times are Eastern time Zone (EST)

Date 3:52pm Currency Impact Detail Actual Forecast Previous Graph
TueOct 25  4:00am EUR
German Ifo Business Climate
109.6 109.5
9:00am USD
HPI m/m
0.5% 0.5%
USD
S&P/CS Composite-20 HPI y/y
5.1% 5.0%
10:00am USD
CB Consumer Confidence
101.5 104.1
USD
IBD/TIPP Economic Optimism
47.6 46.7
USD
Richmond Manufacturing Index
-5 -8
10:35am GBP
BOE Gov Carney Speaks
11:30am EUR
ECB President Draghi 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.