{"id":11073,"date":"2016-03-16T12:44:57","date_gmt":"2016-03-16T20:44:57","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=11073"},"modified":"2016-03-16T22:03:27","modified_gmt":"2016-03-17T06:03:27","slug":"silver-futures-insight-3-17-2016","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/silver-futures-insight-3-17-2016\/","title":{"rendered":"Silver Futures Insight 3.17.2016"},"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 Thursday March 17, 20<\/strong><\/a><\/strong>16<\/strong><\/a><\/p>\n

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

For 2016 I would like to wish all of you discipline and patience in your trading!<\/em><\/p>\n

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

\n
\n

Greetings!<\/p>\n

A note on Silver by my colleague, John Thorpe who has over 25 years of experience starting on the floor of the CBOT.<\/p>\n

Silver Futures<\/strong><\/p>\n

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Here is a daily chart with simple moving averages, a 25 day slow\u00a0 and 10 day fast, the buy signal is still intact. With the fast(red) SMA penetrating the slow (blue) from underneath. RSI in the neutral range.<\/p>\n<\/div>\n

\"Daily
Daily Silver Futures Chart With Simple Moving Averages<\/figcaption><\/figure>\n
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A breakout to the upside should take us to 17.00<\/div>\n
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To the downside \u00a013.40. It will be important for the market to hold \u00a0the 15.15 to 15.20 area to signify the turn of a partial decline and impending breakout.<\/p>\n

Caveat, we could continue to stay in this range for a meandering time period. If we do, the stronger the move on the breakout.<\/p>\n<\/div>\n

\"Silver
Silver Futures Chart<\/figcaption><\/figure>\n

The Following Courtesy of Thomas Bulkowski. Thepatternsite.com \u00a0 \u00a0 \u00a0\u00a0<\/strong><\/p>\n

\"\"<\/p>\n

Have you checked out iSystems?? This cutting edge technology allows you to select, activate, change and view in real time professionally designed trading systems! Check out live data at:\u00a0https:\/\/cannon.isystems.com<\/a><\/strong><\/p>\n

TRADE SMART \/ TRADE SYSTEMS \u2014 for the\u00a0current rankings<\/a>\u00a0as well as\u00a0actual performance<\/a>\u00a0of trading systems traded at Striker,\u00a0click here.<\/a><\/b><\/p>\n

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

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

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

<\/strong>Economic Reports<\/strong><\/p>\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\n\n\n\n\n\n\n\n\n\n
Date<\/th>\n4:42pm<\/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
ThuMar 17<\/td>\n<\/a>\u00a05:00am<\/td>\nEUR<\/td>\n<\/td>\nItalian Trade Balance<\/td>\n<\/td>\n<\/td>\n4.33B<\/td>\n6.02B<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n6:00am<\/td>\nEUR<\/td>\n<\/td>\nFinal CPI y\/y<\/td>\n<\/td>\n<\/td>\n-0.2%<\/td>\n-0.2%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\nFinal Core CPI y\/y<\/td>\n<\/td>\n<\/td>\n0.7%<\/td>\n0.7%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\nTrade Balance<\/td>\n<\/td>\n<\/td>\n20.2B<\/td>\n21.0B<\/td>\n<\/td>\n<\/tr>\n
<\/td>\nTentative<\/td>\nEUR<\/td>\n<\/td>\nSpanish 10-y Bond Auction<\/td>\n<\/td>\n<\/td>\n<\/td>\n1.69|1.9<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n8:00am<\/td>\nGBP<\/td>\n<\/td>\nMPC Official Bank Rate Votes<\/td>\n<\/td>\n<\/td>\n0-0-9<\/td>\n0-0-9<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nGBP<\/td>\n<\/td>\nMonetary Policy Summary<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nGBP<\/td>\n<\/td>\nOfficial Bank Rate<\/td>\n<\/td>\n<\/td>\n0.50%<\/td>\n0.50%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nGBP<\/td>\n<\/td>\nAsset Purchase Facility<\/td>\n<\/td>\n<\/td>\n375B<\/td>\n375B<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nGBP<\/td>\n<\/td>\nMPC Asset Purchase Facility Votes<\/td>\n<\/td>\n<\/td>\n0-0-9<\/td>\n0-0-9<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n8:30am<\/td>\nUSD<\/td>\n<\/td>\nPhilly Fed Manufacturing Index<\/td>\n<\/td>\n<\/td>\n-1.4<\/td>\n-2.8<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\nUnemployment Claims<\/td>\n<\/td>\n<\/td>\n267K<\/td>\n259K<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\nCurrent Account<\/td>\n<\/td>\n<\/td>\n-117B<\/td>\n-124B<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n10:00am<\/td>\nUSD<\/td>\n<\/td>\nJOLTS Job Openings<\/td>\n<\/td>\n<\/td>\n5.57M<\/td>\n5.61M<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\nCB Leading Index m\/m<\/td>\n<\/td>\n<\/td>\n0.2%<\/td>\n-0.2%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n10:30am<\/td>\nUSD<\/td>\n<\/td>\nNatural Gas Storage<\/td>\n<\/td>\n<\/td>\n-9B<\/td>\n-57B<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

This is not a solicitation of any order to buy or sell, but a current market view provided by <\/span>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 judgement in trading.<\/span><\/h3>\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 Thursday […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[230,67,61],"tags":[144,659,129,221],"class_list":["post-11073","post","type-post","status-publish","format-standard","hentry","category-day-trading-2","category-future-trading-news","category-futures-trading-2","tag-futures-trading-levels","tag-silver-futures","tag-support-resistance-levels","tag-weekly-market-update"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/11073","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=11073"}],"version-history":[{"count":7,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/11073\/revisions"}],"predecessor-version":[{"id":11080,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/11073\/revisions\/11080"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=11073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=11073"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=11073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}