{"id":11532,"date":"2016-08-11T12:18:26","date_gmt":"2016-08-11T20:18:26","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=11532"},"modified":"2016-08-17T04:37:22","modified_gmt":"2016-08-17T12:37:22","slug":"sugar-rally-sweet","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/sugar-rally-sweet\/","title":{"rendered":"Sugar Rally – How Sweet?"},"content":{"rendered":"

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1. Market Commentary<\/a><\/strong>
\n2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index<\/a><\/strong>
\n3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds<\/a><\/strong>
\n4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver<\/a><\/strong>
\n5. Futures Economic Reports for Thursday August 12, 20<\/a><\/strong>16<\/strong><\/a><\/p>\n

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

Greetings!<\/p>\n

\n

How Sweet Will The Sugar Rally Be? Ilan Levy-Mayer<\/a> <\/cite> |

\n

The sugar market has made a significant upside move over the past few days and weeks.<\/p>\n

Weather concerns for part of the growing areas in Asia, as well as strength in Brazilian real contributed to this rally.<\/p>\n

From a technical point of view, I feel this market is overbought and over-extended, but when fundamentals take over, you can use the charts for wall decoration…That being said, I will be looking for signs of exhaustion on the daily and weekly charts.<\/p>\n

The chart below is a monthly chart of sugar, and you will see that we are trading right against recent highs and I got a\u00a0sell signal in the shape of my red diamond. However, I don’t have a crystal ball, hence I will look on the daily chart for a similar clue before trying to go against the trend and go short.<\/p>\n

Read the full article along with my chart set up at:
\nhttps:\/\/www.equities.com\/news\/how-sweet-will-the-sugar-rally-be<\/a><\/p>\n<\/div>\n<\/div>\n

<\/p>\n

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

\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

Levels for Trade Date of\u00a0 8.12.2016<\/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 Sept. 2016<\/td>\nSP500<\/td>\nNasdaq100<\/td>\nDow Jones<\/td>\nMini Russell<\/td>\nDollar Index<\/td>\n<\/tr>\n
Resistance 3<\/td>\n2203.42<\/td>\n4851.67<\/td>\n18792<\/td>\n1241.60<\/td>\n96.44<\/td>\n<\/tr>\n
Resistance 2<\/td>\n2194.33<\/td>\n4831.33<\/td>\n18693<\/td>\n1235.80<\/td>\n96.16<\/td>\n<\/tr>\n
Resistance 1<\/td>\n2188.17<\/td>\n4816.42<\/td>\n18631<\/td>\n1231.30<\/td>\n96.02<\/td>\n<\/tr>\n
Pivot<\/td>\n2179.08<\/td>\n4796.08<\/td>\n18532<\/td>\n1225.50<\/td>\n95.74<\/td>\n<\/tr>\n
Support 1<\/td>\n2172.92<\/td>\n4781.17<\/td>\n18470<\/td>\n1221.00<\/td>\n95.59<\/td>\n<\/tr>\n
Support 2<\/td>\n2163.83<\/td>\n4760.83<\/td>\n18371<\/td>\n1215.20<\/td>\n95.31<\/td>\n<\/tr>\n
Support 3<\/td>\n2157.67<\/td>\n4745.92<\/td>\n18309<\/td>\n1210.70<\/td>\n95.17<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nDec. Gold<\/td>\nSept. Silver<\/td>\nSept. Crude Oil<\/td>\nSept. Bonds<\/td>\nSept. \u00a0 Euro<\/td>\n<\/tr>\n
Resistance 3<\/td>\n1372.3<\/td>\n20.67<\/td>\n47.21<\/td>\n175 1\/32<\/td>\n1.1249<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1365.9<\/td>\n20.50<\/td>\n45.53<\/td>\n174 8\/32<\/td>\n1.1229<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1354.3<\/td>\n20.23<\/td>\n44.45<\/td>\n173 4\/32<\/td>\n1.1192<\/td>\n<\/tr>\n
Pivot<\/td>\n1347.9<\/td>\n20.07<\/td>\n42.77<\/td>\n172 11\/32<\/td>\n1.1172<\/td>\n<\/tr>\n
Support 1<\/td>\n1336.3<\/td>\n19.80<\/td>\n41.69<\/td>\n171 7\/32<\/td>\n1.1135<\/td>\n<\/tr>\n
Support 2<\/td>\n1329.9<\/td>\n19.63<\/td>\n40.01<\/td>\n170 14\/32<\/td>\n1.1115<\/td>\n<\/tr>\n
Support 3<\/td>\n1318.3<\/td>\n19.36<\/td>\n38.93<\/td>\n169 10\/32<\/td>\n1.1078<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nDec. Corn<\/td>\nSept. Wheat<\/td>\nNov. Beans<\/td>\nDec. SoyMeal<\/td>\nSept. Nat Gas<\/td>\n<\/tr>\n
Resistance 3<\/td>\n336.1<\/td>\n432.4<\/td>\n996.67<\/td>\n338.10<\/td>\n2.66<\/td>\n<\/tr>\n
Resistance 2<\/td>\n334.9<\/td>\n428.1<\/td>\n993.33<\/td>\n336.10<\/td>\n2.63<\/td>\n<\/tr>\n
Resistance 1<\/td>\n333.3<\/td>\n422.2<\/td>\n988.67<\/td>\n333.00<\/td>\n2.59<\/td>\n<\/tr>\n
Pivot<\/td>\n332.2<\/td>\n417.8<\/td>\n985.33<\/td>\n331.00<\/td>\n2.56<\/td>\n<\/tr>\n
Support 1<\/td>\n330.6<\/td>\n411.9<\/td>\n980.7<\/td>\n327.9<\/td>\n2.5<\/td>\n<\/tr>\n
Support 2<\/td>\n329.4<\/td>\n407.6<\/td>\n977.33<\/td>\n325.90<\/td>\n2.48<\/td>\n<\/tr>\n
Support 3<\/td>\n327.8<\/td>\n401.7<\/td>\n972.67<\/td>\n322.80<\/td>\n2.44<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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

All times are Eastern time Zone (EST<\/a>)<\/strong><\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
3:33pm<\/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
FriAug 12<\/td>\n\u00a02:00am<\/td>\nEUR<\/td>\n<\/td>\n\n
German Prelim GDP q\/q<\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.3%<\/td>\n0.7%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\n\n
German Final CPI m\/m<\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.3%<\/td>\n0.3%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\n\n
German WPI m\/m<\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.3%<\/td>\n0.6%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n2:45am<\/td>\nEUR<\/td>\n<\/td>\n\n
French Prelim Non-Farm Payrolls q\/q<\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.2%<\/td>\n0.3%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n4:00am<\/td>\nEUR<\/td>\n<\/td>\n\n
Italian Prelim GDP q\/q<\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.2%<\/td>\n0.3%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n5:00am<\/td>\nEUR<\/td>\n<\/td>\n\n
Flash GDP q\/q<\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.3%<\/td>\n0.3%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\n\n
Industrial Production m\/m<\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.6%<\/td>\n-1.2%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n8:30am<\/td>\nUSD<\/td>\n<\/td>\n\n
Core Retail Sales m\/m<\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.2%<\/td>\n0.7%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\n\n
PPI m\/m<\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.1%<\/td>\n0.5%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\n\n
Retail Sales m\/m<\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.4%<\/td>\n0.6%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\n\n
Core PPI m\/m<\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.2%<\/td>\n0.4%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n10:00am<\/td>\nUSD<\/td>\n<\/td>\n\n
Prelim UoM Consumer Sentiment<\/div>\n<\/td>\n
<\/td>\n<\/td>\n91.5<\/td>\n90.0<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\n\n
Business Inventories m\/m<\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.1%<\/td>\n0.2%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\n\n
Prelim UoM Inflation Expectations<\/div>\n<\/td>\n
<\/td>\n<\/td>\n<\/td>\n2.7%<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

More<\/a><\/p>\n<\/div>\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 judgement in trading.<\/h3>\n","protected":false},"excerpt":{"rendered":"

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed. 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. […]<\/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":[990,991],"class_list":["post-11532","post","type-post","status-publish","format-standard","hentry","category-commodity-trading-2","category-future-trading-news","category-futures-trading-2","tag-sugar-futures","tag-suppoprt-and-resistance-levels-for-futures-and-commodities"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/11532","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=11532"}],"version-history":[{"count":4,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/11532\/revisions"}],"predecessor-version":[{"id":11544,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/11532\/revisions\/11544"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=11532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=11532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=11532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}