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Wednesday is energy report day…..Every Wednesday ( except for weeks when we have a long weekend), we have a 10:30 Am EST report on the crude oil inventories. This report normally generates a good amount of volatility.
Crude Oil Futures volatility offers a “different market personality” than stock index futures.
If you like to read some ideas and thoughts on day trading crude oil futures, click here to instantly read an article written on this specific topic.
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
8-23-2017
| Contract September 2017 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2487.33 | 5994.33 | 22142 | 1391.20 | 94.13 |
| Resistance 2 | 2470.67 | 5938.17 | 22015 | 1381.60 | 93.81 |
| Resistance 1 | 2460.83 | 5906.58 | 21947 | 1375.50 | 93.62 |
| Pivot | 2444.17 | 5850.42 | 21820 | 1365.90 | 93.30 |
| Support 1 | 2434.33 | 5818.83 | 21752 | 1359.80 | 93.11 |
| Support 2 | 2417.67 | 5762.67 | 21625 | 1350.20 | 92.79 |
| Support 3 | 2407.83 | 5731.08 | 21557 | 1344.10 | 92.60 |
| Contract | December Gold | Sept. Silver | Oct. Crude Oil | Sept. Bonds | Sept. Euro |
| Resistance 3 | 1307.8 | 17.36 | 49.08 | 156 24/32 | 1.1904 |
| Resistance 2 | 1303.0 | 17.24 | 48.65 | 156 16/32 | 1.1873 |
| Resistance 1 | 1296.7 | 17.12 | 48.23 | 156 2/32 | 1.1825 |
| Pivot | 1291.9 | 16.99 | 47.80 | 155 26/32 | 1.1793 |
| Support 1 | 1285.6 | 16.87 | 47.38 | 155 12/32 | 1.1745 |
| Support 2 | 1280.8 | 16.75 | 46.95 | 155 4/32 | 1.1714 |
| Support 3 | 1274.5 | 16.63 | 46.53 | 154 22/32 | 1.1666 |
| Contract | Dec. Corn | Dec. Wheat | November Beans | Dec. SoyMeal | Sept. Nat Gas |
| Resistance 3 | 365.0 | 443.5 | 946.67 | 304.37 | 3.07 |
| Resistance 2 | 364.0 | 440.5 | 943.83 | 302.83 | 3.04 |
| Resistance 1 | 362.0 | 434.8 | 940.67 | 300.77 | 2.99 |
| Pivot | 361.0 | 431.8 | 937.83 | 299.23 | 2.96 |
| Support 1 | 359.0 | 426.0 | 934.7 | 297.2 | 2.9 |
| Support 2 | 358.0 | 423.0 | 931.83 | 295.63 | 2.88 |
| Support 3 | 356.0 | 417.3 | 928.67 | 293.57 | 2.83 |
Economic Reports, source:
