Trading Levels for Tuesday, May 24th

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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 May 24, 2016

Hello Traders,

For 2016 I would like to wish all of you discipline and patience in your trading!

Voted #1 futures trading blog! 

 Quiet day to start the week ahead of memorial Day Weekend coming up.

More choppy action then any trend or breakout trades to be honest and volume seems to be lighter.

A couple of trading systems we offer on auto trading have been doing well recently and you can see latest trades and statistics here.

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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Futures Trading Levels 

Contract June 2016  SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2065.17 4405.67 17623 1123.87 95.82
Resistance 2 2060.58 4393.58 17578 1120.53 95.65
Resistance 1 2052.67 4372.42 17521 1114.37 95.45
Pivot 2048.08 4360.33 17476 1111.03 95.28
Support 1 2040.17 4339.17 17419 1104.87 95.09
Support 2 2035.58 4327.08 17374 1101.53 94.92
Support 3 2027.67 4305.92 17317 1095.37 94.72
Contract July Gold July Silver June Crude Oil June Bonds  June Euro
Resistance 3 1269.7 16.83 49.71 165 31/32 1.1306
Resistance 2 1263.3 16.71 49.11 165 15/32 1.1277
Resistance 1 1256.4 16.57 48.61 165 2/32 1.1251
Pivot 1250.0 16.45 48.01 164 18/32 1.1222
Support 1 1243.1 16.30 47.51 164 5/32 1.1196
Support 2 1236.7 16.18 46.91 163 21/32 1.1167
Support 3 1229.8 16.04 46.41 163 8/32 1.1141
Contract July Corn July Wheat July Beans July SoyMeal June Nat Gas
Resistance 3 408.6 472.5 1090.08 410.03 2.20
Resistance 2 403.9 470.0 1081.17 404.17 2.17
Resistance 1 400.8 466.0 1069.83 395.93 2.11
Pivot 396.2 463.5 1060.92 390.07 2.08
Support 1 393.1 459.5 1049.6 381.8 2.0
Support 2 388.4 457.0 1040.67 375.97 2.00
Support 3 385.3 453.0 1029.33 367.73 1.95

Economic Reports

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

All times are Eastern time Zone (EST)

Date 3:49pm Currency Impact Detail Actual Forecast Previous Graph
TueMay 24  2:00am EUR
German Final GDP q/q
0.7% 0.7%
4:30am GBP
Public Sector Net Borrowing
6.3B 4.2B
5:00am EUR
German ZEW Economic Sentiment
12.1 11.2
EUR
ZEW Economic Sentiment
23.4 21.5
GBP
Inflation Report Hearings
6:00am GBP
CBI Realized Sales
6 -13
All Day EUR
Eurogroup Meetings
8:00am EUR
ECB Financial Stability Review
10:00am USD
New Home Sales
521K 511K
USD
Richmond Manufacturing Index
9 14

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.

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

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