Bullet Points, Highlights + Levels for May 3rd - Support & Resistance Levels

Support & Resistance Levels

This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.

Bullet Points, Highlights + Levels for May 3rd

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Bullet Points & Highlights:

  • Today Coffee and Cocoa were down considerably again, Cocoa closing at the lowest level since Mid March @ $75.63 That’s $43.00 off the Contract all time highs less than 2 weeks ago.
  • It Looks like the Soy Complex is lifting off with July Beans 28 cents higher and Soymeal $16.00 higher

  • Next week will again be a heavy Earnings Week
  • Next week a quiet Econ Data week


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Daily Levels for May 3rd, 2024

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* 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.

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