7 things to know before trading Wheat Futures 4.19.2018

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Author: Joseph Easton, Senior Broker at Cannon Trading

Dear Traders,

  1. The Basics:

There are two types of Wheat most commonly traded…

“Chicago Soft Red Winter (SRW) and KC Hard Red Winter (HRW) are the global industry standards for wheat. Chicago SRW Wheat is the most liquid Wheat futures contract in the world, trading the equivalent of more than 15 million tons each day in 2013-9 ½ times more than the largest European contract. Producers, processors, millers and exporters continue to look to Chicago SRW and KC HRW Wheat for the liquidity that is critical for any risk management solution.

Liquidity means that you can execute positions quickly, effectively and efficiently. Liquidity offers more flexibility in structuring hedging strategies to meet your timing and market needs. And when the world is facing new challenges in Wheat risk management, liquidity provides the security you need in order to respond with confidence” – CME Group

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

4-19-2018

Contract June 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2732.17 6945.00 24939 1607.57 8515.03
Resistance 2 2725.33 6906.00 24874 1601.73 8335.44
Resistance 1 2717.42 6874.75 24803 1594.57 8224.08
Pivot 2710.58 6835.75 24738 1588.73 8044.49
Support 1 2702.67 6804.50 24667 1581.57 7933.13
Support 2 2695.83 6765.50 24602 1575.73 7753.54
Support 3 2687.92 6734.25 24531 1568.57 7642.18
Contract June Gold #GC_F May Silver #SI-F June Crude Oil #CL-F June  Bonds  #ZB_F June  Euro #6E_F
Resistance 3 1373.2 17.95 72.00 146 13/32 1.2513
Resistance 2 1366.1 17.61 70.45 146  4/32 1.2482
Resistance 1 1359.2 17.41 69.64 145 13/32 1.2457
Pivot 1352.1 17.07 68.09 145  4/32 1.2426
Support 1 1345.2 16.86 67.28 144 13/32 1.2401
Support 2 1338.1 16.52 65.73 144  4/32 1.2370
Support 3 1331.2 16.32 64.92 143 13/32 1.2345
Contract May  Corn #ZC_F May Wheat #ZW_F May Beans #ZS_F May SoyMeal #ZM_F May Nat Gas #NG_F
Resistance 3 387.5 485.8 1062.50 388.30 2.83
Resistance 2 385.5 480.9 1057.25 385.60 2.81
Resistance 1 384.3 478.1 1049.50 381.10 2.78
Pivot 382.3 473.2 1044.25 378.40 2.76
Support 1 381.0 470.3 1036.5 373.9 2.7
Support 2 379.0 465.4 1031.25 371.20 2.70
Support 3 377.8 462.6 1023.50 366.70 2.67

Economic Reports, source: 

http://app.bettertrader.co 

Economic Reports - April 19th

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.

Tags: > > Posted in: Future Trading News   | Futures Trading  

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