{"id":10047,"date":"2015-06-15T12:05:44","date_gmt":"2015-06-15T20:05:44","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=10047"},"modified":"2015-11-27T04:32:20","modified_gmt":"2015-11-27T12:32:20","slug":"grain-complex-post-economic-reports-6-16-2015","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/grain-complex-post-economic-reports-6-16-2015\/","title":{"rendered":"Grain Complex Post & Economic Reports 6.16.2015"},"content":{"rendered":"

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1.\u00a0Market Commentary<\/a><\/strong>
\n2.\u00a0Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index<\/a><\/strong>
\n3.\u00a0Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds<\/a><\/strong>
\n4.\u00a0Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver<\/a><\/strong>
\n5.\u00a0Futures Economic Reports for Tuesday June 16, 2015<\/a><\/strong>
\n<\/a><\/p>\n

Hello Traders,<\/strong><\/p>\n

For 2015 I would like to wish all of you discipline and patience in your trading!<\/em><\/p>\n

Voted #1 futures trading blog!<\/a><\/div>\n
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Hello Traders,<\/p>\n

\n

Grain Complex Post USDA Report<\/h1>\n
USDA supply\/demand report came out yesterday (June 10th) and I was wondering if the old saying, “Voice from the tomb” would live up to its predictions again…..<\/div>\n<\/div>\n
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If you are not familiar with this one, let me give you an abbreviated version:<\/p>\n

An old grain trader was on his deathbed. He calls his family and let them know that the most valuable inheritance is in this strange box. After he passes away, the family rushes to the box wondering if there are gold coins or jewelry…instead, they found an old piece of paper that had some date in there. One of the dates was “buy wheat, July 1st, sell wheat September 10th.” No one knows if the family members made a fortune or\u00a0lost money<\/a>\u00a0following this advice, but it is there to point out some seasonality in the grain complex.<\/p>\n

Well, we are getting closer to this date, and I have noticed a bit of a bottom formation, perhaps a start of a leg up or perhaps just short covering in the grain complex. Before the report, my inclination was that we are still range bound, and that\u00a0both markets<\/a>\u00a0and the complex as a whole need to break resistance above (marked on the charts).<\/p>\n

Daily charts of both wheat and soybeans future contracts below for your review.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

– See more at:\u00a0http:\/\/www.equities.com\/editors-desk\/investing-strategies\/trading\/grain-complex-post-usda-report-1#sthash.u7t1bFm6.dpuf<\/a><\/p>\n

<\/p>\n<\/div>\n

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GOOD TRADING<\/strong><\/p>\n<\/div>\n

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.<\/p>\n

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Futures Trading Levels<\/a><\/strong><\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Contract Sept. 2015<\/td>\nSP500<\/td>\nNasdaq100<\/td>\nDow Jones<\/td>\nMini Russell<\/td>\nDollar Index<\/td>\n<\/tr>\n
Resistance 3<\/td>\n2102.00<\/td>\n4496.58<\/td>\n17967<\/td>\n1282.40<\/td>\n96.14<\/td>\n<\/tr>\n
Resistance 2<\/td>\n2091.75<\/td>\n4466.92<\/td>\n17877<\/td>\n1270.40<\/td>\n95.90<\/td>\n<\/tr>\n
Resistance 1<\/td>\n2083.25<\/td>\n4445.83<\/td>\n17789<\/td>\n1262.90<\/td>\n95.49<\/td>\n<\/tr>\n
Pivot<\/td>\n2073.00<\/td>\n4416.17<\/td>\n17699<\/td>\n1250.90<\/td>\n95.25<\/td>\n<\/tr>\n
Support 1<\/td>\n2064.50<\/td>\n4395.08<\/td>\n17611<\/td>\n1243.40<\/td>\n94.84<\/td>\n<\/tr>\n
Support 2<\/td>\n2054.25<\/td>\n4365.42<\/td>\n17521<\/td>\n1231.40<\/td>\n94.60<\/td>\n<\/tr>\n
Support 3<\/td>\n2045.75<\/td>\n4344.33<\/td>\n17433<\/td>\n1223.90<\/td>\n94.19<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nAug. Gold<\/td>\nJuly Silver<\/td>\nJuly Crude Oil<\/td>\nSept. Bonds<\/td>\nSept. \u00a0 Euro<\/td>\n<\/tr>\n
Resistance 3<\/td>\n1211.5<\/td>\n16.69<\/td>\n61.41<\/td>\n153 7\/32<\/td>\n1.1441<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1200.9<\/td>\n16.46<\/td>\n60.70<\/td>\n152 16\/32<\/td>\n1.1375<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1193.2<\/td>\n16.26<\/td>\n60.16<\/td>\n151 19\/32<\/td>\n1.1336<\/td>\n<\/tr>\n
Pivot<\/td>\n1182.6<\/td>\n16.04<\/td>\n59.45<\/td>\n150 28\/32<\/td>\n1.1270<\/td>\n<\/tr>\n
Support 1<\/td>\n1174.9<\/td>\n15.84<\/td>\n58.91<\/td>\n149 31\/32<\/td>\n1.1231<\/td>\n<\/tr>\n
Support 2<\/td>\n1164.3<\/td>\n15.61<\/td>\n58.20<\/td>\n149 8\/32<\/td>\n1.1165<\/td>\n<\/tr>\n
Support 3<\/td>\n1156.6<\/td>\n15.41<\/td>\n57.66<\/td>\n148 11\/32<\/td>\n1.1126<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nJuly Corn<\/td>\nJuly Wheat<\/td>\nJuly Beans<\/td>\nJuly SoyMeal<\/td>\nJuly Nat Gas<\/td>\n<\/tr>\n
Resistance 3<\/td>\n354.6<\/td>\n490.7<\/td>\n950.17<\/td>\n327.27<\/td>\n3.09<\/td>\n<\/tr>\n
Resistance 2<\/td>\n352.9<\/td>\n490.1<\/td>\n946.08<\/td>\n322.73<\/td>\n3.00<\/td>\n<\/tr>\n
Resistance 1<\/td>\n350.6<\/td>\n489.7<\/td>\n941.92<\/td>\n317.97<\/td>\n2.95<\/td>\n<\/tr>\n
Pivot<\/td>\n348.9<\/td>\n489.1<\/td>\n937.83<\/td>\n313.43<\/td>\n2.86<\/td>\n<\/tr>\n
Support 1<\/td>\n346.6<\/td>\n488.7<\/td>\n933.7<\/td>\n308.7<\/td>\n2.8<\/td>\n<\/tr>\n
Support 2<\/td>\n344.9<\/td>\n488.1<\/td>\n929.58<\/td>\n304.13<\/td>\n2.72<\/td>\n<\/tr>\n
Support 3<\/td>\n342.6<\/td>\n487.7<\/td>\n925.42<\/td>\n299.37<\/td>\n2.67<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
<\/div>\n
5. Economic Reports<\/strong><\/div>\n

source:http:\/\/www.forexfactory.com\/calendar.php<\/a><\/h3>\n

All times are Eastern time Zone (EST<\/a>)<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n
Date<\/th>\n4:00pm<\/a><\/th>\nCurrency<\/th>\nImpact<\/th>\n<\/th>\nDetail<\/th>\nActual<\/th>\nForecast<\/th>\nPrevious<\/th>\nGraph<\/th>\n<\/tr>\n<\/thead>\n
<\/td>\n<\/tr>\n
TueJun 16<\/td>\n<\/a>\u00a02:00am<\/td>\nEUR<\/td>\n<\/td>\nGerman Final CPI m\/m<\/td>\n<\/td>\n<\/td>\n0.1%<\/td>\n0.1%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\nTentative<\/td>\nEUR<\/td>\n<\/td>\nEuropean Court of Justice Ruling<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n5:00am<\/td>\nEUR<\/td>\n<\/td>\nGerman ZEW Economic Sentiment<\/td>\n<\/td>\n<\/td>\n37.5<\/td>\n41.9<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\nZEW Economic Sentiment<\/td>\n<\/td>\n<\/td>\n60.3<\/td>\n61.2<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\nEmployment Change q\/q<\/td>\n<\/td>\n<\/td>\n0.1%<\/td>\n0.1%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n8:30am<\/td>\nUSD<\/td>\n<\/td>\nBuilding Permits<\/td>\n<\/td>\n<\/td>\n1.11M<\/td>\n1.14M<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\nHousing Starts<\/td>\n<\/td>\n<\/td>\n1.10M<\/td>\n1.14M<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc<\/a>. 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.<\/span><\/span><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed. 1.\u00a0Market Commentary 2.\u00a0Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index 3.\u00a0Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds 4.\u00a0Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver 5.\u00a0Futures Economic Reports for Tuesday […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76,67,61],"tags":[350,144,841,129],"class_list":["post-10047","post","type-post","status-publish","format-standard","hentry","category-commodity-trading-2","category-future-trading-news","category-futures-trading-2","tag-economic-reports","tag-futures-trading-levels","tag-grain-complex-post-usda-report","tag-support-resistance-levels"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/10047","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/comments?post=10047"}],"version-history":[{"count":6,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/10047\/revisions"}],"predecessor-version":[{"id":10051,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/10047\/revisions\/10051"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=10047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=10047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=10047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}