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Day Trading Crude Oil Futures – What you Need to Know! 8.23.2017

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

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Wednesday is energy report day…..Every Wednesday ( except for weeks when we have a long weekend), we have a 10:30 Am EST report on the crude oil inventories. This report normally generates a good amount of volatility.

Crude Oil Futures volatility offers a “different market personality” than stock index futures.

If you like to read some ideas and thoughts on day trading crude oil futures, click here to instantly read an article written on this specific topic.

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

8-23-2017

Contract September 2017  SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2487.33 5994.33 22142 1391.20 94.13
Resistance 2 2470.67 5938.17 22015 1381.60 93.81
Resistance 1 2460.83 5906.58 21947 1375.50 93.62
Pivot 2444.17 5850.42 21820 1365.90 93.30
Support 1 2434.33 5818.83 21752 1359.80 93.11
Support 2 2417.67 5762.67 21625 1350.20 92.79
Support 3 2407.83 5731.08 21557 1344.10 92.60
Contract December Gold Sept. Silver Oct. Crude Oil Sept.  Bonds Sept.  Euro
Resistance 3 1307.8 17.36 49.08 156 24/32 1.1904
Resistance 2 1303.0 17.24 48.65 156 16/32 1.1873
Resistance 1 1296.7 17.12 48.23 156  2/32 1.1825
Pivot 1291.9 16.99 47.80 155 26/32 1.1793
Support 1 1285.6 16.87 47.38 155 12/32 1.1745
Support 2 1280.8 16.75 46.95 155  4/32 1.1714
Support 3 1274.5 16.63 46.53 154 22/32 1.1666
Contract Dec.  Corn Dec. Wheat November Beans Dec. SoyMeal Sept. Nat Gas
Resistance 3 365.0 443.5 946.67 304.37 3.07
Resistance 2 364.0 440.5 943.83 302.83 3.04
Resistance 1 362.0 434.8 940.67 300.77 2.99
Pivot 361.0 431.8 937.83 299.23 2.96
Support 1 359.0 426.0 934.7 297.2 2.9
Support 2 358.0 423.0 931.83 295.63 2.88
Support 3 356.0 417.3 928.67 293.57 2.83

Economic Reports, source: 

http://app.bettertrader.co

Economic Reports Wednesday, August 23rd

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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