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Bitcoin Futures? + Futures Trading levels 11.02.2017

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,

The Evolving Economics of Bitcoin, Gold and Fiat Currencies

By Erik Norland, Senior Economist & Blu Putnam, Chief Economist, CME Group

Highlights

  • 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
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

11-02-2017

Contract December 2017  SP500 Nasdaq100 Dow Jones Mini Russell BitCoin Index
Resistance 3 2598.33 6341.67 23597 1544.50 6969.57
Resistance 2 2591.92 6313.08 23531 1530.50 6803.09
Resistance 1 2583.83 6280.67 23453 1511.60 6693.28
Pivot 2577.42 6252.08 23387 1497.60 6526.80
Support 1 2569.33 6219.67 23309 1478.70 6416.99
Support 2 2562.92 6191.08 23243 1464.70 6250.51
Support 3 2554.83 6158.67 23165 1445.80 6140.70
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
Pivot 1275.4 17.01 54.47 152 24/32 1.1656
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
Resistance 3 352.9 426.7 1006.50 319.33 3.02
Resistance 2 351.1 424.3 1000.75 317.07 2.98
Resistance 1 349.7 421.2 996.00 315.33 2.94
Pivot 347.8 418.8 990.25 313.07 2.89
Support 1 346.4 415.7 985.5 311.3 2.9
Support 2 344.6 413.3 979.75 309.07 2.81
Support 3 343.2 410.2 975.00 307.33 2.78

Economic Reports,  source: 

http://app.bettertrader.co

Economic Reports - Thursday, November 2nd 2017

 

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  

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