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No words of wisdom today…..
Good reading on seasonal spreads and seasonal tendencies at:
https://www.cannontrading.com/tools/the-seasons-of-the-futures-market
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 03.17.2017
| Contract June 2017 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2402.25 | 5473.17 | 21098 | 1400.13 | 100.92 |
| Resistance 2 | 2395.50 | 5456.58 | 21039 | 1395.17 | 100.75 |
| Resistance 1 | 2387.00 | 5435.42 | 20960 | 1390.23 | 100.42 |
| Pivot | 2380.25 | 5418.83 | 20901 | 1385.27 | 100.25 |
| Support 1 | 2371.75 | 5397.67 | 20822 | 1380.33 | 99.91 |
| Support 2 | 2365.00 | 5381.08 | 20763 | 1375.37 | 99.74 |
| Support 3 | 2356.50 | 5359.92 | 20684 | 1370.43 | 99.41 |
| Contract | Apr. Gold | May Silver | April Crude Oil | June Bonds | June Euro |
| Resistance 3 | 1250.2 | 17.86 | 50.64 | 149 19/32 | 1.0902 |
| Resistance 2 | 1242.1 | 17.72 | 50.13 | 149 4/32 | 1.0860 |
| Resistance 1 | 1234.3 | 17.53 | 49.47 | 148 13/32 | 1.0838 |
| Pivot | 1226.2 | 17.39 | 48.96 | 147 30/32 | 1.0796 |
| Support 1 | 1218.4 | 17.20 | 48.30 | 147 7/32 | 1.0774 |
| Support 2 | 1210.3 | 17.06 | 47.79 | 146 24/32 | 1.0732 |
| Support 3 | 1202.5 | 16.87 | 47.13 | 146 1/32 | 1.0710 |
| Contract | May Corn | May Wheat | May Beans | May SoyMeal | April Nat Gas |
| Resistance 3 | 370.3 | 441.8 | 1017.08 | 335.57 | 3.05 |
| Resistance 2 | 368.7 | 440.0 | 1011.67 | 333.43 | 3.01 |
| Resistance 1 | 367.3 | 438.0 | 1006.58 | 331.37 | 2.96 |
| Pivot | 365.7 | 436.3 | 1001.17 | 329.23 | 2.92 |
| Support 1 | 364.3 | 434.3 | 996.1 | 327.2 | 2.9 |
| Support 2 | 362.7 | 432.5 | 990.67 | 325.03 | 2.84 |
| Support 3 | 361.3 | 430.5 | 985.58 | 322.97 | 2.78 |
All times are Eastern time Zone (EST)
source:http://www.forexfactory.com/calendar.php
| Date | 3:41pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| FriMar 17 | 5:00am | EUR |
Italian Trade Balance
|
3.45B | 5.80B | ||||
| 6:00am | EUR |
Trade Balance
|
22.3B | 24.5B | |||||
| Day 1 | ALL |
G20 Meetings
|
|||||||
| 8:00am | GBP |
BOE Quarterly Bulletin
|
|||||||
| 9:15am | USD |
Capacity Utilization Rate
|
75.5% | 75.3% | |||||
| USD |
Industrial Production m/m
|
0.3% | -0.3% | ||||||
| 10:00am | USD |
Prelim UoM Consumer Sentiment
|
97.1 | 96.3 | |||||
| USD |
CB Leading Index m/m
|
0.4% | 0.6% | ||||||
| USD |
Prelim UoM Inflation Expectations
|
2.7% | |||||||
| Tentative | USD |
Labor Market Conditions Index m/m
|
1.3 |
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.