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Crude Oil Futures Analysis 4.15.2016

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1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Friday April 15, 2016

Hello Traders,

For 2016 I would like to wish all of you discipline and patience in your trading!

Voted #1 futures trading blog!

Greetings!

I wrote the following crude oil analysis for equities.com, which you can read in full at:

Crude Oil Futures

https://www.equities.com/news/crude-oil-futures-heading-towards-45-and-decision-point  

Featured System of the Month ( including real-time performance): Axiom Index II WFO NQ Trading System

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.

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Futures Trading Levels

Contract June 2016 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2095.75 4596.42 17993 1137.43 95.74
Resistance 2 2088.75 4579.83 17937 1133.77 95.48
Resistance 1 2082.50 4563.67 17887 1129.23 95.22
Pivot 2075.50 4547.08 17831 1125.57 94.95
Support 1 2069.25 4530.92 17781 1121.03 94.69
Support 2 2062.25 4514.33 17725 1117.37 94.43
Support 3 2056.00 4498.17 17675 1112.83 94.17
Contract June Gold May Silver May Crude Oil June Bonds June   Euro
Resistance 3 1260.8 16.65 43.48 167 8/32 1.1372
Resistance 2 1253.4 16.46 42.82 166 21/32 1.1343
Resistance 1 1240.3 16.31 42.16 165 27/32 1.1311
Pivot 1232.9 16.12 41.50 165 8/32 1.1282
Support 1 1219.8 15.96 40.84 164 14/32 1.1249
Support 2 1212.4 15.77 40.18 163 27/32 1.1220
Support 3 1199.3 15.62 39.52 163 1/32 1.1188
Contract May Corn May Wheat May Beans May SoyMeal May Nat Gas
Resistance 3 380.5 476.7 961.75 301.33 2.11
Resistance 2 377.5 471.1 958.50 298.37 2.08
Resistance 1 375.8 465.4 953.25 294.23 2.02
Pivot 372.8 459.8 950.00 291.27 1.99
Support 1 371.0 454.2 944.8 287.1 1.9
Support 2 368.0 448.6 941.50 284.17 1.90
Support 3 366.3 442.9 936.25 280.03 1.85


Economic Reports

source:http://www.forexfactory.com/calendar.php

All times are Eastern time Zone (EST)

Date 4:13pm Currency Impact Detail Actual Forecast Previous Graph
FriApr 15  4:00am EUR Italian Trade Balance 2.33B 0.04B
4:30am GBP Construction Output m/m 0.0% -0.2%
5:00am EUR Trade Balance 21.9B 21.2B
8:30am USD Empire State Manufacturing Index 2.1 0.6
9:15am USD Capacity Utilization Rate 75.4% 76.7%
USD Industrial Production m/m -0.1% -0.5%
10:00am USD Prelim UoM Consumer Sentiment 91.9 91.0
USD Prelim UoM Inflation Expectations 2.7%
All Day ALL G20 Meetings
Day 1 ALL IMF Meetings
4:00pm USD TIC Long-Term Purchases 32.2B -12.0B

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   | Futures Trading  

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