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Big moves across the board this week. Metals had a small move to the downside yesterday and BIG move higher today.
Crude and natural gas big moves…
Financials been moving both up and down….
Notice a correlation between bitcoin and gold? Perhaps inverse correlation?
The bottom line is that the markets are moving. Even stock indices had a small downside move today for a change.
Make sure you are ready for a different type of trading environment with higher volatility.
We are here for you to bounce ideas off, feedback, questions and more!
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Plan your trade, trade your plan!
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
1-25-2018
| Contract March 2018 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | BitCoin Index |
| Resistance 3 | 2884.25 | 7108.75 | 26706 | 1637.67 | 12571.67 |
| Resistance 2 | 2869.75 | 7056.50 | 26546 | 1628.43 | 12013.33 |
| Resistance 1 | 2854.50 | 6992.75 | 26406 | 1614.97 | 11551.67 |
| Pivot | 2840.00 | 6940.50 | 26246 | 1605.73 | 10993.33 |
| Support 1 | 2824.75 | 6876.75 | 26106 | 1592.27 | 10531.67 |
| Support 2 | 2810.25 | 6824.50 | 25946 | 1583.03 | 9973.33 |
| Support 3 | 2795.00 | 6760.75 | 25806 | 1569.57 | 9511.67 |
| Contract | Feb. Gold | Mar. Silver | Mar. Crude Oil | Mar. Bonds | Mar. Euro |
| Resistance 3 | 1388.7 | 18.44 | 68.30 | 150 21/32 | 1.2613 |
| Resistance 2 | 1375.1 | 18.03 | 67.17 | 150 2/32 | 1.2534 |
| Resistance 1 | 1366.2 | 17.80 | 66.59 | 149 12/32 | 1.2487 |
| Pivot | 1352.6 | 17.39 | 65.46 | 148 25/32 | 1.2408 |
| Support 1 | 1343.7 | 17.16 | 64.88 | 148 3/32 | 1.2360 |
| Support 2 | 1330.1 | 16.75 | 63.75 | 147 16/32 | 1.2281 |
| Support 3 | 1321.2 | 16.52 | 63.17 | 146 26/32 | 1.2234 |
| Contract | Mar. Corn | Mar. Wheat | March Beans | Mar. SoyMeal | Feb. Nat Gas |
| Resistance 3 | 361.3 | 445.6 | 1006.75 | 352.47 | 3.79 |
| Resistance 2 | 359.2 | 439.7 | 1000.75 | 347.93 | 3.71 |
| Resistance 1 | 357.8 | 436.3 | 996.50 | 344.97 | 3.57 |
| Pivot | 355.7 | 430.4 | 990.50 | 340.43 | 3.49 |
| Support 1 | 354.3 | 427.1 | 986.3 | 337.5 | 3.4 |
| Support 2 | 352.2 | 421.2 | 980.25 | 332.93 | 3.27 |
| Support 3 | 350.8 | 417.8 | 976.00 | 329.97 | 3.13 |
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.