Posted By: Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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
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
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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|Contract Sept. 2016||SP500||Nasdaq100||Dow Jones||Mini Russell||Dollar Index|
|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 1||1379.3||20.87||40.65||173 1/32||1.1274|
|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|
Spanish Services PMI
Italian Services PMI
French Final Services PMI
German Final Services PMI
Final Services PMI
Retail Sales m/m
ADP Non-Farm Employment Change
Final Services PMI
ISM Non-Manufacturing PMI
Crude Oil Inventories