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Crude Oil and Saudi Arabia 7.26.2017

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!! 

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Oil: Economic Landscape of Saudi Arabia

Highlights:

  • Saudi Arabia’s currency reserves drained by decline in oil prices
  • Listing of state oil company Aramco could bolster Saudi finances
  • Proceeds to be used to diversify Saudi economy from oil
  • A 5% stake in Aramco could be worth $1-$2 trillion

Read the rest.

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.

Futures Trading Levels

7-26-2017

Contract September 2017  SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2492.25 5978.42 21793 1472.63 94.56
Resistance 2 2485.50 5962.33 21716 1462.47 94.25
Resistance 1 2479.75 5947.92 21635 1456.03 94.08
Pivot 2473.00 5931.83 21558 1445.87 93.77
Support 1 2467.25 5917.42 21477 1439.43 93.61
Support 2 2460.50 5901.33 21400 1429.27 93.30
Support 3 2454.75 5886.92 21319 1422.83 93.13
Contract August Gold Sept. Silver Sept. Crude Oil Sept.  Bonds Sept.  Euro
Resistance 3 1265.0 17.02 50.05 155 19/32 1.1811
Resistance 2 1261.5 16.81 49.01 154 31/32 1.1778
Resistance 1 1255.8 16.64 48.46 153 26/32 1.1729
Pivot 1252.3 16.43 47.42 153  6/32 1.1697
Support 1 1246.6 16.26 46.87 152  1/32 1.1648
Support 2 1243.1 16.05 45.83 151 13/32 1.1615
Support 3 1237.4 15.88 45.28 150  8/32 1.1566
Contract Dec.  Corn Sept. Wheat November Beans Dec. SoyMeal Aug. Nat Gas
Resistance 3 392.6 493.3 1038.42 352.13 3.00
Resistance 2 390.4 489.2 1029.08 346.57 2.97
Resistance 1 386.3 481.6 1010.92 335.73 2.95
Pivot 384.2 477.4 1001.58 330.17 2.91
Support 1 380.1 469.8 983.4 319.3 2.9
Support 2 377.9 465.7 974.08 313.77 2.86
Support 3 373.8 458.1 955.92 302.93 2.84

Economic Reports, source: 

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  

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