{"id":10761,"date":"2015-12-17T13:22:02","date_gmt":"2015-12-17T21:22:02","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=10761"},"modified":"2016-02-05T03:34:46","modified_gmt":"2016-02-05T11:34:46","slug":"youre-cryingyou-buying","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/youre-cryingyou-buying\/","title":{"rendered":"When You\u2019re Crying\u2026You Should Be Buying"},"content":{"rendered":"

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.
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\n\"Like<\/a>\"Follow<\/a>\"View<\/a>\"Find<\/a>\"Cannon<\/a>\"Find<\/a><\/p>\n

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 Friday December 18, 2015<\/a><\/strong><\/p>\n

 <\/p>\n

Voted #1 futures trading blog!<\/a><\/p>\n

Here is some futures market insight from a new member on our team but seasoned Broker, Steve Nimerov:<\/p>\n

\u201cSell the rumor….Buy the fact\u2019<\/p>\n

Or:<\/p>\n

\u201cWhen you\u2019re crying\u2026You should be buying\u201d<\/p>\n

Some of the oldest adages,in Futures trading psychology,might sound flippant<\/p>\n

or too simple to acknowledge,such as the header to this blog as stated above,but<\/p>\n

are actually rooted in time worn lessons learned.Such was the early panic in the grains<\/p>\n

and soy market,early this morning.A perfect storm of bearish news came streaming<\/p>\n

across the news wires.The US dollar was exploding to the upside,bearish grains,<\/p>\n

Argentina,where farmers had been stockpiling grains and soy for years,announced<\/p>\n

a thirty percent devaluation of the peso,which basically forces the hand of the farmers,<\/p>\n

in that country,to dump their product so as to replace the Peso with Dollars,as the<\/p>\n

newly elected\u00a0 Argentinian president made good on the economic changes his party<\/p>\n

ran on.A wall of grain and soy was going to hit the market as the new government<\/p>\n

ended years of export taxes,on the farmer,opening the potential floodgates and making<\/p>\n

their product cheaper than other exporting countries.While this news was hitting the<\/p>\n

markets,metals and energies were joining the Commodities rout as the funds went into<\/p>\n

a \u201crisk off mode.The Bulls were crying,fresh shorts joined the Bears party! But wait<\/p>\n

a minute,hadn’t this news been anticipated for weeks and in some cases months?! And<\/p>\n

hadn’t the grains been down hard,in anticipation,during that time?! Right on cue,by mid<\/p>\n

morning,the bleeding had stopped,with the selling exhausted,prices found support and<\/p>\n

the shorts were soon on the run.In a reverse of fortunes.prices began to spike up from<\/p>\n

sharply lower to higher on the day,only to leave the Bears scratching their heads and<\/p>\n

licking their significant wounds!<\/p>\n

Steven Nimerov<\/b><\/p>\n

Many ways to trade any market, many ways to lose money in any market and only very few ways to lock in gains.\u00a0<\/b>If you need help creating a trading plan,\u00a0visit our broker assist services.<\/a><\/b><\/p>\n

\n

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

If you like Our Futures Trading Daily Support and Resistance Levels, Please share!<\/strong><\/p>\n

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

<\/div>\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 March 2016<\/td>\nSP500<\/td>\nNasdaq100<\/td>\nDow Jones<\/td>\nMini Russell<\/td>\nDollar Index<\/td>\n<\/tr>\n
Resistance 3<\/td>\n2104.58<\/td>\n4759.25<\/td>\n17995<\/td>\n1166.80<\/td>\n100.18<\/td>\n<\/tr>\n
Resistance 2<\/td>\n2088.67<\/td>\n4721.50<\/td>\n17865<\/td>\n1158.70<\/td>\n99.76<\/td>\n<\/tr>\n
Resistance 1<\/td>\n2057.83<\/td>\n4648.50<\/td>\n17617<\/td>\n1142.60<\/td>\n99.48<\/td>\n<\/tr>\n
Pivot<\/td>\n2041.92<\/td>\n4610.75<\/td>\n17487<\/td>\n1134.50<\/td>\n99.06<\/td>\n<\/tr>\n
Support 1<\/td>\n2011.08<\/td>\n4537.75<\/td>\n17239<\/td>\n1118.40<\/td>\n98.78<\/td>\n<\/tr>\n
Support 2<\/td>\n1995.17<\/td>\n4500.00<\/td>\n17109<\/td>\n1110.30<\/td>\n98.36<\/td>\n<\/tr>\n
Support 3<\/td>\n1964.33<\/td>\n4427.00<\/td>\n16861<\/td>\n1094.20<\/td>\n98.08<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nFeb. Gold<\/td>\nMarch Silver<\/td>\nJan. Crude Oil<\/td>\nMar. Bonds<\/td>\nMarch \u00a0 Euro<\/td>\n<\/tr>\n
Resistance 3<\/td>\n1092.2<\/td>\n14.62<\/td>\n36.73<\/td>\n157 20\/32<\/td>\n1.0996<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1082.4<\/td>\n14.42<\/td>\n36.28<\/td>\n156 26\/32<\/td>\n1.0959<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1066.3<\/td>\n14.06<\/td>\n35.52<\/td>\n156 13\/32<\/td>\n1.0902<\/td>\n<\/tr>\n
Pivot<\/td>\n1056.5<\/td>\n13.86<\/td>\n35.07<\/td>\n155 19\/32<\/td>\n1.0865<\/td>\n<\/tr>\n
Support 1<\/td>\n1040.4<\/td>\n13.50<\/td>\n34.31<\/td>\n155 6\/32<\/td>\n1.0808<\/td>\n<\/tr>\n
Support 2<\/td>\n1030.6<\/td>\n13.30<\/td>\n33.86<\/td>\n154 12\/32<\/td>\n1.0771<\/td>\n<\/tr>\n
Support 3<\/td>\n1014.5<\/td>\n12.94<\/td>\n33.10<\/td>\n153 31\/32<\/td>\n1.0714<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nMar. Corn<\/td>\nMar. Wheat<\/td>\nJan Beans<\/td>\nJan. SoyMeal<\/td>\nJan. Nat Gas<\/td>\n<\/tr>\n
Resistance 3<\/td>\n391.2<\/td>\n506.8<\/td>\n909.75<\/td>\n289.07<\/td>\n1.93<\/td>\n<\/tr>\n
Resistance 2<\/td>\n383.1<\/td>\n497.5<\/td>\n894.00<\/td>\n282.63<\/td>\n1.89<\/td>\n<\/tr>\n
Resistance 1<\/td>\n378.7<\/td>\n490.8<\/td>\n885.50<\/td>\n279.27<\/td>\n1.82<\/td>\n<\/tr>\n
Pivot<\/td>\n370.6<\/td>\n481.5<\/td>\n869.75<\/td>\n272.83<\/td>\n1.78<\/td>\n<\/tr>\n
Support 1<\/td>\n366.2<\/td>\n474.8<\/td>\n861.3<\/td>\n269.5<\/td>\n1.7<\/td>\n<\/tr>\n
Support 2<\/td>\n358.1<\/td>\n465.5<\/td>\n845.50<\/td>\n263.03<\/td>\n1.67<\/td>\n<\/tr>\n
Support 3<\/td>\n353.7<\/td>\n458.8<\/td>\n837.00<\/td>\n259.67<\/td>\n1.60<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
<\/div>\n
<\/div>\n
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

 <\/p>\n\n\n\n\n\n\n\n\n
Date<\/th>\n3:56pm<\/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
FriDec 18<\/td>\n<\/a>\u00a04:00am<\/td>\nEUR<\/td>\n<\/td>\nCurrent Account<\/td>\n<\/td>\n<\/td>\n32.2B<\/td>\n29.4B<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n9:45am<\/td>\nUSD<\/td>\n<\/td>\nFlash Services PMI<\/td>\n<\/td>\n<\/td>\n55.9<\/td>\n56.1<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n1:00pm<\/td>\nUSD<\/td>\n<\/td>\nFOMC Member Lacker Speaks<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/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.<\/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 Friday […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67,61],"tags":[16,144,129,221],"class_list":["post-10761","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","category-futures-trading-2","tag-futures-trading","tag-futures-trading-levels","tag-support-resistance-levels","tag-weekly-market-update"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/10761","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=10761"}],"version-history":[{"count":8,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/10761\/revisions"}],"predecessor-version":[{"id":10763,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/10761\/revisions\/10763"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=10761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=10761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=10761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}