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Front month for crude oil and Natural gas is March.
Front month for gold is now April.
Tomorrow is the last trading day of the month. I have seen the markets make some large moves on last/first trading days of the months and my assumption is that large funds either exit/ enter/close positions for different reasons on these days.
Take notes and keep a journal!!
Some good resources for you to browse:
Day trading crude oil article: https://www.cannontrading.com/community/day-trading-crude-oil-futures
Trading Calendar: https://www.cannontrading.com/tools/futures-trading-calendar
Chart Patterns: https://www.cannontrading.com/tools/recognizing-charts-patterns
Good Trading!
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.
Futures Trading Levels
1-31-2018
| Contract March 2018 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | BitCoin Index |
| Resistance 3 | 2890.83 | 7105.50 | 26856 | 1617.87 | 12451.67 |
| Resistance 2 | 2874.42 | 7056.00 | 26666 | 1608.63 | 11848.33 |
| Resistance 1 | 2851.33 | 7001.75 | 26384 | 1597.87 | 10926.67 |
| Pivot | 2834.92 | 6952.25 | 26194 | 1588.63 | 10323.33 |
| Support 1 | 2811.83 | 6898.00 | 25912 | 1577.87 | 9401.67 |
| Support 2 | 2795.42 | 6848.50 | 25722 | 1568.63 | 8798.33 |
| Support 3 | 2772.33 | 6794.25 | 25440 | 1557.87 | 7876.67 |
| Contract | Apr. Gold | Mar. Silver | Mar. Crude Oil | Mar. Bonds | Mar. Euro |
| Resistance 3 | 1364.4 | 17.52 | 66.69 | 149 10/32 | 1.2612 |
| Resistance 2 | 1358.4 | 17.41 | 66.13 | 148 26/32 | 1.2552 |
| Resistance 1 | 1349.4 | 17.25 | 65.23 | 148 3/32 | 1.2493 |
| Pivot | 1343.4 | 17.14 | 64.67 | 147 19/32 | 1.2432 |
| Support 1 | 1334.4 | 16.98 | 63.77 | 146 28/32 | 1.2373 |
| Support 2 | 1328.4 | 16.87 | 63.21 | 146 12/32 | 1.2313 |
| Support 3 | 1319.4 | 16.71 | 62.31 | 145 21/32 | 1.2254 |
| Contract | Mar. Corn | Mar. Wheat | March Beans | Mar. SoyMeal | Mar. Nat Gas |
| Resistance 3 | 365.4 | 465.8 | 1018.42 | 351.93 | 3.33 |
| Resistance 2 | 363.8 | 461.8 | 1011.58 | 347.37 | 3.29 |
| Resistance 1 | 362.7 | 459.5 | 1005.92 | 343.93 | 3.23 |
| Pivot | 361.1 | 455.5 | 999.08 | 339.37 | 3.20 |
| Support 1 | 359.9 | 453.3 | 993.4 | 335.9 | 3.1 |
| Support 2 | 358.3 | 449.3 | 986.58 | 331.37 | 3.10 |
| Support 3 | 357.2 | 447.0 | 980.92 | 327.93 | 3.03 |
Economic Reports, source:
http://app.bettertrader.co
This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. 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.
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