Volatility Skyrockets – Futures Markets 1.08.2016
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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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 Thursday January 8, 2016
Hello Traders,
For 2015 I would like to wish all of you discipline and patience in your trading!
Voted #1 futures trading blog!
Volatility is skyrocketing. This is a completely different environment for trading than you were in 3-4 weeks ago. Markets are evolving and you must adapt your trading to changing market conditions.
This is where you find out if the gambler in you is stronger than the trader in you or vise versa…..If the trader is the strong one, you will REDUCE trading size, become extra picky in your entries , perhaps even decide not to trade at certain times….If the gambler is the dominant one…you will find yourself all over the place up huge, down huge and I am sorry to say sooner or later you will blow up…..
Think about it and try help the trader within win over the gambler that resides in the same neighborhood…..
One additional note, dont be GREEDY….set daily profit target and daily loss limit and stick to it. that can be the difference between you surviving to trade another day OR……
On a different note, please pay attention to LIMIT moves and understand what happens when the market is halting at limit levels:
http://www.cmegroup.com/trading/equity-index/price-limit-guide.html
IMPORTANT PLEASE NOTE: TRADING COMMODITY FUTURES AND OPTIONS INVOLVE SUBSTANTIAL RISK OF LOSS. THE RECOMMENDATIONS CONTAINED IN THE LETTER IS OF OPINION AND DOES NOT GUARANTEE ANY PROFITS. THERE IS NOT AN ACTUAL ACCOUNT TRADING THESE RECOMMENDATIONS. THESE ARE RISKY MARKETS AND ONLY RISK CAPITAL SHOULD BE USED. PAST PERFORMANCES ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
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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| Contract March 2016 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2035.33 | 4578.17 | 17254 | 1117.27 | 100.17 |
| Resistance 2 | 2013.17 | 4518.33 | 17068 | 1105.03 | 99.78 |
| Resistance 1 | 1972.83 | 4402.67 | 16740 | 1081.27 | 99.03 |
| Pivot | 1950.67 | 4342.83 | 16554 | 1069.03 | 98.63 |
| Support 1 | 1910.33 | 4227.17 | 16226 | 1045.27 | 97.88 |
| Support 2 | 1888.17 | 4167.33 | 16040 | 1033.03 | 97.49 |
| Support 3 | 1847.83 | 4051.67 | 15712 | 1009.27 | 96.74 |
| Contract | Feb. Gold | March Silver | Jan. Crude Oil | Mar. Bonds | March Euro |
| Resistance 3 | 1134.2 | 14.95 | 36.42 | 158 27/32 | 1.1185 |
| Resistance 2 | 1122.1 | 14.67 | 35.34 | 157 26/32 | 1.1072 |
| Resistance 1 | 1115.4 | 14.48 | 34.26 | 156 29/32 | 1.1014 |
| Pivot | 1103.3 | 14.20 | 33.18 | 155 28/32 | 1.0901 |
| Support 1 | 1096.6 | 14.02 | 32.10 | 154 31/32 | 1.0843 |
| Support 2 | 1084.5 | 13.74 | 31.02 | 153 30/32 | 1.0730 |
| Support 3 | 1077.8 | 13.55 | 29.94 | 153 1/32 | 1.0672 |
| Contract | Mar. Corn | Mar. Wheat | Jan Beans | Jan. SoyMeal | Jan. Nat Gas |
| Resistance 3 | 361.1 | 484.8 | 879.92 | 272.77 | 2.62 |
| Resistance 2 | 357.7 | 476.7 | 874.33 | 271.13 | 2.52 |
| Resistance 1 | 355.3 | 472.6 | 869.42 | 269.27 | 2.46 |
| Pivot | 351.9 | 464.4 | 863.83 | 267.63 | 2.37 |
| Support 1 | 349.6 | 460.3 | 858.9 | 265.8 | 2.3 |
| Support 2 | 346.2 | 452.2 | 853.33 | 264.13 | 2.21 |
| Support 3 | 343.8 | 448.1 | 848.42 | 262.27 | 2.15 |
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 4:17pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| FriJan 8 | 2:00am | EUR | German Industrial Production m/m | 0.4% | 0.2% | ||||
| EUR | German Trade Balance | 20.1B | 20.8B | ||||||
| 2:45am | EUR | French Industrial Production m/m | -0.2% | 0.5% | |||||
| EUR | French Trade Balance | -4.0B | -4.6B | ||||||
| 8:30am | USD | Average Hourly Earnings m/m | 0.2% | 0.2% | |||||
| USD | Non-Farm Employment Change | 203K | 211K | ||||||
| USD | Unemployment Rate | 5.0% | 5.0% | ||||||
| 10:00am | USD | Wholesale Inventories m/m | 0.0% | -0.1% | |||||
| 3:00pm | USD | Consumer Credit m/m | 18.7B | 16.0B |
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 judgment in trading.
