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Support & Resistance Levels

This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.

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Good article on crude oil and the energy markets from bloomberg.com.
The Oil Price Is Now Controlled By Just Three Men
Bin Salman, Trump and Putin are calling the market shots. The prince may struggle to defend output cuts against a hostile Trump and indifferent Putin.
OPEC has lost what control of the oil market it ever had. The actions (or tweets) of three men — Presidents Donald Trump and Vladimir Putin and Crown Prince Mohammed Bin Salman — will determine the course of oil prices in 2019 and beyond. But of course they each want different things.
While OPEC struggles to find common purpose, the U.S., Russia and Saudi Arabia dominate global supply. Together they produce more oil than the 15 members of OPEC. All three are pumping at record rates and each could raise output again next year, although they may not all choose to do so.
Big Beasts
Whether oil output from the Big 3 continues to outstrip OPEC will depend on the words and actions of Trump, Putin and Bin Salman

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

11-20-2018

 


Economic Reports, source: 

www.forexfactory.com

 

Date 4:03pm Currency Impact Detail Actual Forecast Previous Graph
TueNov 20  2:00am EUR
German PPI m/m
0.3% 0.5%
Tentative All
OPEC-JMMC Meetings
5:00am GBP
Inflation Report Hearings
All Day EUR
ECOFIN Meetings
6:00am GBP
CBI Industrial Order Expectations
-6 -6
8:30am USD
Building Permits
1.26M 1.24M
USD
Housing Starts
1.23M 1.20M
10:00am EUR
German Buba President Weidmann 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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