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Crude Oil Moves in the Futures Markets 4.20.2017

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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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Futures Trading Levels

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.

Posted in: Future Trading News  

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