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Today’s big mover was the energy complex. Daily chart of crude oil futures along with possible levels to watch for your review below
(PS if you like a trial to the diamond ALGO shown below click here):
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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Levels for Trade Date of 04.20.2017
| Contract June 2017 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2362.92 | 5464.42 | 20618 | 1393.57 | 100.21 |
| Resistance 2 | 2356.08 | 5447.58 | 20552 | 1385.33 | 100.00 |
| Resistance 1 | 2344.92 | 5422.42 | 20443 | 1375.77 | 99.84 |
| Pivot | 2338.08 | 5405.58 | 20377 | 1367.53 | 99.63 |
| Support 1 | 2326.92 | 5380.42 | 20268 | 1357.97 | 99.47 |
| Support 2 | 2320.08 | 5363.58 | 20202 | 1349.73 | 99.26 |
| Support 3 | 2308.92 | 5338.42 | 20093 | 1340.17 | 99.10 |
| Contract | June Gold | May Silver | May Crude Oil | June Bonds | June Euro |
| Resistance 3 | 1308.1 | 18.51 | 55.05 | 156 5/32 | 1.0802 |
| Resistance 2 | 1300.4 | 18.42 | 54.07 | 155 24/32 | 1.0785 |
| Resistance 1 | 1290.8 | 18.27 | 52.48 | 155 5/32 | 1.0765 |
| Pivot | 1283.1 | 18.18 | 51.50 | 154 24/32 | 1.0748 |
| Support 1 | 1273.5 | 18.03 | 49.91 | 154 5/32 | 1.0728 |
| Support 2 | 1265.8 | 17.94 | 48.93 | 153 24/32 | 1.0711 |
| Support 3 | 1256.2 | 17.79 | 47.34 | 153 5/32 | 1.0691 |
| Contract | May Corn | May Wheat | May Beans | May SoyMeal | April Nat Gas |
| Resistance 3 | 368.6 | 432.3 | 959.67 | 318.10 | 3.31 |
| Resistance 2 | 366.9 | 429.0 | 957.08 | 316.40 | 3.26 |
| Resistance 1 | 364.3 | 424.0 | 953.67 | 313.60 | 3.23 |
| Pivot | 362.7 | 420.8 | 951.08 | 311.90 | 3.18 |
| Support 1 | 360.1 | 415.8 | 947.7 | 309.1 | 3.1 |
| Support 2 | 358.4 | 412.5 | 945.08 | 307.40 | 3.10 |
| Support 3 | 355.8 | 407.5 | 941.67 | 304.60 | 3.07 |
All times are Eastern time Zone (EST)
Source: http://www.forexfactory.com/calendar.php
| Date | 4:28pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| ThuApr 20 | 2:00am | EUR |
German PPI m/m
|
0.2% | 0.2% | ||||
| Tentative | EUR |
Spanish 10-y Bond Auction
|
1.61|1.6 | ||||||
| 8:30am | USD |
Philly Fed Manufacturing Index
|
25.6 | 32.8 | |||||
| USD |
Unemployment Claims
|
241K | 234K | ||||||
| 10:00am | EUR |
Consumer Confidence
|
-5 | -5 | |||||
| USD |
CB Leading Index m/m
|
0.2% | 0.6% | ||||||
| 10:30am | USD |
Natural Gas Storage
|
10B | ||||||
| 11:30am | GBP |
BOE Gov Carney Speaks
|
|||||||
| 12:30pm | GBP |
BOE Gov Carney Speaks
|
|||||||
| 1:15pm | USD |
Treasury Sec Mnuchin Speaks
|
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.