{"id":11271,"date":"2016-05-18T12:07:51","date_gmt":"2016-05-18T20:07:51","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=11271"},"modified":"2016-05-19T21:17:02","modified_gmt":"2016-05-20T05:17:02","slug":"fomc-minutes-produce-fireworks-5-19-2016","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/fomc-minutes-produce-fireworks-5-19-2016\/","title":{"rendered":"FOMC Minutes Produce Fireworks 5.19.2016"},"content":{"rendered":"

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.
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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 Thursday May 19, 20<\/strong><\/a><\/strong>16<\/strong><\/a><\/p>\n

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

For\u00a02016\u00a0I would like to wish all of you discipline and patience in your trading!<\/i><\/p>\n

Voted #1 futures trading blog!<\/a>\u00a0<\/strong><\/p>\n

FOMC minutes produced quite a bit of fireworks in bonds, metals and stock indices!<\/p>\n

One must know when certain reports come out, do homework as to prior experience\/ market behavior ( look at your trading journal? notes?) and be ready.<\/p>\n

I looked at prior FOMC and the related FOMC minutes for 2\u00a0 markets I was trading today, gold and bonds in an attempt to make an educated speculation….today it worked, there are many days it doesn’t but at least i did my homework and stuck to my game plan.<\/p>\n

Plan your trade, trade your plan!<\/p>\n

\n
\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

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Futures Trading Levels<\/a><\/strong>\u00a0<\/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
Contract June 2016<\/td>\nSP500<\/td>\nNasdaq100<\/td>\nDow Jones<\/td>\nMini Russell<\/td>\nDollar Index<\/td>\n<\/tr>\n
Resistance 3<\/td>\n2083.92<\/td>\n4419.17<\/td>\n17827<\/td>\n1131.63<\/td>\n96.13<\/td>\n<\/tr>\n
Resistance 2<\/td>\n2070.83<\/td>\n4389.08<\/td>\n17717<\/td>\n1120.77<\/td>\n95.67<\/td>\n<\/tr>\n
Resistance 1<\/td>\n2056.92<\/td>\n4361.17<\/td>\n17602<\/td>\n1110.53<\/td>\n95.43<\/td>\n<\/tr>\n
Pivot<\/td>\n2043.83<\/td>\n4331.08<\/td>\n17492<\/td>\n1099.67<\/td>\n94.97<\/td>\n<\/tr>\n
Support 1<\/td>\n2029.92<\/td>\n4303.17<\/td>\n17377<\/td>\n1089.43<\/td>\n94.74<\/td>\n<\/tr>\n
Support 2<\/td>\n2016.83<\/td>\n4273.08<\/td>\n17267<\/td>\n1078.57<\/td>\n94.28<\/td>\n<\/tr>\n
Support 3<\/td>\n2002.92<\/td>\n4245.17<\/td>\n17152<\/td>\n1068.33<\/td>\n94.04<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nJune Gold<\/td>\nJuly Silver<\/td>\nJune Crude Oil<\/td>\nJune Bonds<\/td>\nJune \u00a0 Euro<\/td>\n<\/tr>\n
Resistance 3<\/td>\n1303.2<\/td>\n17.83<\/td>\n50.43<\/td>\n167 24\/32<\/td>\n1.1391<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1293.4<\/td>\n17.57<\/td>\n50.00<\/td>\n166 24\/32<\/td>\n1.1358<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1275.7<\/td>\n17.22<\/td>\n49.18<\/td>\n165 5\/32<\/td>\n1.1292<\/td>\n<\/tr>\n
Pivot<\/td>\n1265.9<\/td>\n16.97<\/td>\n48.75<\/td>\n164 5\/32<\/td>\n1.1259<\/td>\n<\/tr>\n
Support 1<\/td>\n1248.2<\/td>\n16.62<\/td>\n47.93<\/td>\n162 18\/32<\/td>\n1.1194<\/td>\n<\/tr>\n
Support 2<\/td>\n1238.4<\/td>\n16.36<\/td>\n47.50<\/td>\n161 18\/32<\/td>\n1.1161<\/td>\n<\/tr>\n
Support 3<\/td>\n1220.7<\/td>\n16.01<\/td>\n46.68<\/td>\n159 31\/32<\/td>\n1.1095<\/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>\nJune Nat Gas<\/td>\n<\/tr>\n
Resistance 3<\/td>\n408.5<\/td>\n489.6<\/td>\n1096.42<\/td>\n383.43<\/td>\n2.11<\/td>\n<\/tr>\n
Resistance 2<\/td>\n404.5<\/td>\n486.7<\/td>\n1087.58<\/td>\n378.37<\/td>\n2.08<\/td>\n<\/tr>\n
Resistance 1<\/td>\n402.0<\/td>\n483.3<\/td>\n1081.42<\/td>\n375.53<\/td>\n2.04<\/td>\n<\/tr>\n
Pivot<\/td>\n398.0<\/td>\n480.4<\/td>\n1072.58<\/td>\n370.47<\/td>\n2.02<\/td>\n<\/tr>\n
Support 1<\/td>\n395.5<\/td>\n477.1<\/td>\n1066.4<\/td>\n367.6<\/td>\n2.0<\/td>\n<\/tr>\n
Support 2<\/td>\n391.5<\/td>\n474.2<\/td>\n1057.58<\/td>\n362.57<\/td>\n1.96<\/td>\n<\/tr>\n
Support 3<\/td>\n389.0<\/td>\n470.8<\/td>\n1051.42<\/td>\n359.73<\/td>\n1.92<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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
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
ThuMay 19<\/td>\n<\/a>\u00a04:00am<\/td>\nEUR<\/td>\n<\/td>\n\n
Current Account<\/div>\n<\/td>\n
<\/td>\n<\/td>\n19.6B<\/td>\n19.0B<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n4:30am<\/td>\nGBP<\/td>\n<\/td>\n\n
Retail Sales m\/m<\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.6%<\/td>\n-1.3%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n7:30am<\/td>\nEUR<\/td>\n<\/td>\n\n
ECB Monetary Policy Meeting Accounts<\/div>\n<\/td>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n8:30am<\/td>\nUSD<\/td>\n<\/td>\n\n
Philly Fed Manufacturing Index<\/div>\n<\/td>\n
<\/td>\n<\/td>\n3.2<\/td>\n-1.6<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\n\n
Unemployment Claims<\/div>\n<\/td>\n
<\/td>\n<\/td>\n276K<\/td>\n294K<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n9:15am<\/td>\nUSD<\/td>\n<\/td>\n\n
FOMC Member Fischer Speaks<\/div>\n<\/td>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n10:00am<\/td>\nUSD<\/td>\n<\/td>\n\n
CB Leading Index m\/m<\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.4%<\/td>\n0.2%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n10:30am<\/td>\nUSD<\/td>\n<\/td>\n\n
FOMC Member Dudley Speaks<\/div>\n<\/td>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\n\n
Natural Gas Storage<\/div>\n<\/td>\n
<\/td>\n<\/td>\n75B<\/td>\n56B<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n1:00pm<\/td>\nGBP<\/td>\n<\/td>\n\n
MPC Member Vlieghe Speaks<\/div>\n<\/td>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\nDay 1<\/td>\nALL<\/td>\n<\/td>\n\n
G7 Meetings<\/div>\n<\/td>\n
<\/td>\n<\/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>
\n<\/strong><\/h3>\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":[67,61],"tags":[572,949,929,144],"class_list":["post-11271","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","category-futures-trading-2","tag-fomc-minutes","tag-future-trading-news","tag-futures-trading-daily-support","tag-futures-trading-levels"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/11271","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=11271"}],"version-history":[{"count":3,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/11271\/revisions"}],"predecessor-version":[{"id":11275,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/11271\/revisions\/11275"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=11271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=11271"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=11271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}