Volatility is back in the Futures Markets 9.14.2016

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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 September 14, 2016

Greetings!

Front month for stock indices is December!!

Looks like volatility is back…usually it will stay for a while so time to adjust your trading strategy you were using in June, July and August and expand it to the higher volatility.

This may mean looking for larger target profits, using wider stops, perhaps smaller trade size, perhaps being “picky” with your entry level etc.

If you need help, feel like chatting markets or getting feedback  – we are 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

Levels for Trade Date of 9.14.2016

Contract Dec. 2016 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2181.58 4821.58 18457 1257.20 96.40
Resistance 2 2166.17 4791.42 18346 1244.20 96.04
Resistance 1 2143.08 4756.08 18170 1226.10 95.81
Pivot 2127.67 4725.92 18059 1213.10 95.44
Support 1 2104.58 4690.58 17883 1195.00 95.21
Support 2 2089.17 4660.42 17772 1182.00 94.85
Support 3 2066.08 4625.08 17596 1163.90 94.62
Contract Dec. Gold Dec. Silver Oct. Crude Oil Dec. Bonds Sept.   Euro
Resistance 3 1349.0 19.74 47.12 170 1.1307
Resistance 2 1342.4 19.54 46.62 168 25/32 1.1285
Resistance 1 1331.9 19.24 45.76 167 4/32 1.1251
Pivot 1325.3 19.05 45.26 165 29/32 1.1228
Support 1 1314.8 18.75 44.40 164 8/32 1.1194
Support 2 1308.2 18.55 43.90 163 1/32 1.1172
Support 3 1297.7 18.25 43.04 161 12/32 1.1138
Contract Dec. Corn Dec. Wheat Nov. Beans Dec. SoyMeal Oct. Nat Gas
Resistance 3 339.4 413.7 970.17 319.93 2.99
Resistance 2 337.3 410.3 964.33 316.57 2.97
Resistance 1 333.7 405.7 954.17 311.33 2.93
Pivot 331.6 402.3 948.33 307.97 2.91
Support 1 327.9 397.7 938.2 302.7 2.9
Support 2 325.8 394.3 932.33 299.37 2.86
Support 3 322.2 389.7 922.17 294.13 2.82

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

All times are Eastern time Zone (EST)

Date 3:59pm Currency Impact Detail Actual Forecast Previous Graph
WedSep 14  2:45am EUR
French Final CPI m/m
0.3% 0.3%
4:30am GBP
Average Earnings Index 3m/y
2.1% 2.4%
GBP
Claimant Count Change
1.7K -8.6K
GBP
Unemployment Rate
4.9% 4.9%
5:00am EUR
Industrial Production m/m
-0.8% 0.6%
Tentative EUR
German 30-y Bond Auction
0.45|1.5
8:30am USD
Import Prices m/m
-0.1% 0.1%
10:30am USD
Crude Oil Inventories
2.8M -14.5M

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.