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Crude Oil Futures & Economic Reports 3.25.2015

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

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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 Wednesday March 25, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

One of my favorite markets for day trading is crude oil. Actually not this month… it has taken way too much money out of my system… but normally it is. I like the fast action and some of the set ups both fear and greed present in this market.

Tomorrow is API (American Petroleum Institute) report that normally comes out Wednesday at 9:30 CDT (on short weeks, holidays etc. , this report will be pushed to Thursday at 10 AM CDT). I tell my clients that this report is way too volatile and I like to be out 5 minutes before and not resume trading 5 minutes until after the report comes out. This report by itself deserves a writing but on short, the report provides information on how our stock pile is doing ( = supply/demand) and the market will move based on the numbers versus what was expected. Again as a day trader, your main job is to know about this report, when it comes out and in my opinion stay out of the market during this time.

Observe crude oil futures tomorrow during the time of report to get a feel.

If you never traded crude oil futures before, observe for a bit and try doing so in demo mode first.

I wrote an article about this topic, you can access at:

https://www.cannontrading.com/community/newsletter/Day-Trading-Commodities-with-Crude-Oil-Futures#one

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.

If you like Our Futures Trading Daily Support and Resistance Levels, Please share!


Futures Trading Levels

Contract June 2015 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2113.83 4488.00 18192 1271.37 98.95
Resistance 2 2107.42 4474.50 18135 1268.03 98.31
Resistance 1 2095.83 4451.25 18041 1264.27 97.86
Pivot 2089.42 4437.75 17984 1260.93 97.22
Support 1 2077.83 4414.50 17890 1257.17 96.77
Support 2 2071.42 4401.00 17833 1253.83 96.13
Support 3 2059.83 4377.75 17739 1250.07 95.68
Contract Apr. Gold May Silver May Crude Oil June Bonds June   Euro
Resistance 3 1207.0 17.32 50.31 167 15/32 1.1154
Resistance 2 1200.7 17.18 49.43 166 16/32 1.1098
Resistance 1 1197.2 17.08 48.42 165 30/32 1.1016
Pivot 1190.9 16.94 47.54 164 31/32 1.0960
Support 1 1187.4 16.85 46.53 164 13/32 1.0878
Support 2 1181.1 16.71 45.65 163 14/32 1.0822
Support 3 1177.6 16.61 44.64 162 28/32 1.0740
Contract May Corn May Wheat May Beans May SoyMeal April Nat Gas
Resistance 3 399.0 523.8 990.67 333.20 2.89
Resistance 2 396.3 523.7 986.58 330.50 2.85
Resistance 1 394.8 523.6 984.17 328.40 2.82
Pivot 392.0 523.4 980.08 325.70 2.78
Support 1 390.5 523.3 977.7 323.6 2.7
Support 2 387.8 523.2 973.58 320.90 2.70
Support 3 386.3 523.1 971.17 318.80 2.67
5. Economic Reports

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

All times are Eastern time Zone (EST)

 

Date 4:11pm Currency Impact Detail Actual Forecast Previous Graph
WedMar 25  5:00am EUR German Ifo Business Climate 107.4 106.8
6:30am USD FOMC Member Evans Speaks
8:30am USD Core Durable Goods Orders m/m 0.3% 0.0%
USD Durable Goods Orders m/m 0.5% 2.8%
10:30am USD Crude Oil Inventories 3.8M 9.6M

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 judgment in trading.

 

Tags: > > Posted in: Commodity Trading   | Crude Oil   | Future Trading News  

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