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Crude Oil Volatility and Chart 9.29.2016

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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 Thursday September 29, 2016

Greetings!

What a volatile day in the energy sector…..

We started with the energy report sending prices much lower only to get some reports on agreement between some of the oil producing countries to limit production…..

Buy the rumor sell the fact?

time will tell but if you are trading energies be aware of the news and adjust your trading as volatility expands like it just did…..

Daily chart of Crude Oil for fun….

Crude Oil Chart

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 9.29.2016

Contract Dec. 2016 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2192.92 4909.75 18482 1276.27 95.96
Resistance 2 2179.08 4891.50 18371 1264.83 95.81
Resistance 1 2171.67 4881.25 18312 1258.97 95.58
Pivot 2157.83 4863.00 18201 1247.53 95.43
Support 1 2150.42 4852.75 18142 1241.67 95.21
Support 2 2136.58 4834.50 18031 1230.23 95.06
Support 3 2129.17 4824.25 17972 1224.37 94.83
Contract Dec. Gold Dec. Silver Nov. Crude Oil Dec. Bonds Dec.   Euro
Resistance 3 1341.4 19.64 51.07 170 24/32 1.1336
Resistance 2 1336.2 19.45 49.26 170 14/32 1.1307
Resistance 1 1331.4 19.34 47.97 169 26/32 1.1281
Pivot 1326.2 19.16 46.16 169 16/32 1.1251
Support 1 1321.4 19.05 44.87 168 28/32 1.1225
Support 2 1316.2 18.86 43.06 168 18/32 1.1196
Support 3 1311.4 18.75 41.77 167 30/32 1.1170
Contract Dec. Corn Dec. Wheat Nov. Beans Dec. SoyMeal Nov. Nat Gas
Resistance 3 333.7 411.9 963.92 309.30 3.15
Resistance 2 332.6 409.6 959.83 306.80 3.10
Resistance 1 330.9 406.4 952.67 303.10 3.05
Pivot 329.8 404.1 948.58 300.60 3.00
Support 1 328.2 400.9 941.4 296.9 2.9
Support 2 327.1 398.6 937.33 294.40 2.90
Support 3 325.4 395.4 930.17 290.70 2.85

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

All times are Eastern time Zone (EST)

Date 3:59pm Currency Impact Detail Actual Forecast Previous Graph
WedSep 28 2:00am EUR
GfK German Consumer Climate
10.0 10.2 10.2
4:05am GBP
MPC Member Shafik Speaks
8:30am USD
Core Durable Goods Orders m/m
-0.4% -0.5% 1.3%
USD
Durable Goods Orders m/m
0.0% -1.0% 3.6%
9:30am EUR
ECB President Draghi Speaks
10:00am USD
Fed Chair Yellen Testifies
10:10am USD
FOMC Member Bullard Speaks
10:30am USD
Crude Oil Inventories
-1.9M 2.4M -6.2M
 4:35pm USD
FOMC Member Mester Speaks
7:15pm USD
FOMC Member George 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.

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

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