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What type of trading should you be engaged in? 8.03.2016

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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 Wednesday August 03, 2016

Hello Traders,

Not all traders are built the same way… Some traders are more suitable for day trading, others perhaps for swing trading yet the third type may be a much longer term traders using options. Some prefer not to trade themselves and have someone else manage their trading and so forth.

I wrote this article ” What’s your trading blood Type?” a few years back and i think it is a great read for anyone considering trading or perhaps getting back into trading or maybe for those who are trading currently but not sure they are using the right “type of trading”.
Read the article 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.

If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

Futures Trading Levels 

Contract Sept. 2016 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2198.00 4833.33 18562 1241.73 96.44
Resistance 2 2184.50 4796.42 18468 1231.77 96.13
Resistance 1 2168.50 4755.58 18357 1216.33 95.57
Pivot 2155.00 4718.67 18263 1206.37 95.26
Support 1 2139.00 4677.83 18152 1190.93 94.70
Support 2 2125.50 4640.92 18058 1180.97 94.39
Support 3 2109.50 4600.08 17947 1165.53 93.83
Contract Aug. Gold Sept. Silver Sept. Crude Oil Sept. Bonds Sept.   Euro
Resistance 3 1399.8 21.32 42.30 174 31/32 1.1346
Resistance 2 1387.0 21.08 41.60 174 1.1301
Resistance 1 1379.3 20.87 40.65 173 1/32 1.1274
Pivot 1366.5 20.63 39.95 172 2/32 1.1229
Support 1 1358.8 20.42 39.00 171 3/32 1.1202
Support 2 1346.0 20.18 38.30 170 4/32 1.1157
Support 3 1338.3 19.97 37.35 169 5/32 1.1130
Contract Dec. Corn Sept. Wheat Nov. Beans Dec. SoyMeal Sept. Nat Gas
Resistance 3 344.4 419.3 991.33 341.67 2.85
Resistance 2 340.3 414.9 979.67 337.03 2.82
Resistance 1 337.2 408.1 966.33 331.87 2.78
Pivot 333.1 403.7 954.67 327.23 2.75
Support 1 329.9 396.8 941.3 322.1 2.7
Support 2 325.8 392.4 929.67 317.43 2.68
Support 3 322.7 385.6 916.33 312.27 2.63

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

All times are Eastern time Zone (EST)

Date 4:21pm Currency Impact Detail Actual Forecast Previous Graph
WedAug 3 3:15am EUR
Spanish Services PMI
55.1 56.0
3:45am EUR
Italian Services PMI
51.1 51.9
3:50am EUR
French Final Services PMI
50.3 50.3
3:55am EUR
German Final Services PMI
54.6 54.6
4:00am EUR
Final Services PMI
52.8 52.7
4:30am GBP
Services PMI
47.4 47.4
5:00am EUR
Retail Sales m/m
0.0% 0.4%
8:15am USD
ADP Non-Farm Employment Change
171K 172K
9:45am USD
Final Services PMI
51.0 50.9
10:00am USD
ISM Non-Manufacturing PMI
56.0 56.5
10:30am USD
Crude Oil Inventories
-1.6M 1.7M

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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