Posted By: Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!
The Evolving Economics of Bitcoin, Gold and Fiat Currencies
By Erik Norland, Senior Economist & Blu Putnam, Chief Economist, CME Group
- Value of a bitcoin has soared more than 6 million percent in seven years
- Bitcoin is considered a good store of value as supply is limited
- Regulators are working to bring cryptocurrencies into the mainstream
- Growing network of users favors bitcoin’s continued success
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
|Contract December 2017||SP500||Nasdaq100||Dow Jones||Mini Russell||BitCoin Index|
|Contract||December Gold||Dec. Silver||Dec. Crude Oil||Dec. Bonds||Dec. Euro|
|Resistance 3||1295.8||17.89||56.37||154 26/32||1.1728|
|Resistance 2||1288.8||17.55||55.80||154 2/32||1.1707|
|Resistance 1||1282.4||17.35||55.04||153 16/32||1.1677|
|Support 1||1269.0||16.81||53.71||152 6/32||1.1626|
|Support 2||1262.0||16.47||53.14||151 14/32||1.1605|
|Support 3||1255.6||16.27||52.38||150 28/32||1.1575|
|Contract||Dec. Corn||Dec. Wheat||January Beans||Dec. SoyMeal||Dec. Nat Gas|
Economic Reports, source:
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.