The Difference Between Commodities And Equities Trading 5.2.018
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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Dear Traders,
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The Difference Between Commodities And Equities Trading A Commodity: What is a legal contractual agreement to make or take delivery of a particular product?
An Equity or Common Stock: What is a legal contractual ownership in a company?
Similarities.
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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
5-2-2018
| Contract June 2018 | SP500 #ES_F | Nasdaq100 #NQ_F | Dow Jones #YM_F | Mini Russell #RTY_F | BitCoin Index #XBT_F |
| Resistance 3 | 2692.92 | 6834.42 | 24675 | 1586.73 | 9622.24 |
| Resistance 2 | 2673.33 | 6761.58 | 24431 | 1570.07 | 9434.12 |
| Resistance 1 | 2662.42 | 6724.42 | 24240 | 1560.53 | 9205.96 |
| Pivot | 2642.83 | 6651.58 | 23996 | 1543.87 | 9017.84 |
| Support 1 | 2631.92 | 6614.42 | 23805 | 1534.33 | 8789.68 |
| Support 2 | 2612.33 | 6541.58 | 23561 | 1517.67 | 8601.56 |
| Support 3 | 2601.42 | 6504.42 | 23370 | 1508.13 | 8373.40 |
| Contract | June Gold #GC_F | May Silver #SI-F | June Crude Oil #CL-F | June Bonds #ZB_F | June Euro #6E_F |
| Resistance 3 | 1329.7 | 16.65 | 70.65 | 144 6/32 | 1.2203 |
| Resistance 2 | 1323.5 | 16.51 | 69.78 | 143 29/32 | 1.2164 |
| Resistance 1 | 1314.6 | 16.35 | 68.60 | 143 17/32 | 1.2099 |
| Pivot | 1308.4 | 16.21 | 67.73 | 143 8/32 | 1.2061 |
| Support 1 | 1299.5 | 16.05 | 66.55 | 142 28/32 | 1.1996 |
| Support 2 | 1293.3 | 15.91 | 65.68 | 142 19/32 | 1.1957 |
| Support 3 | 1284.4 | 15.75 | 64.50 | 142 7/32 | 1.1892 |
| Contract | July Corn #ZC_F | July Wheat #ZW_F | July Beans #ZS_F | July SoyMeal #ZM_F | May Nat Gas #NG_F |
| Resistance 3 | 411.5 | 557.5 | 1070.33 | 424.43 | 2.89 |
| Resistance 2 | 408.8 | 543.8 | 1062.92 | 415.27 | 2.85 |
| Resistance 1 | 407.3 | 536.5 | 1058.08 | 409.83 | 2.83 |
| Pivot | 404.5 | 522.8 | 1050.67 | 400.67 | 2.79 |
| Support 1 | 403.0 | 515.5 | 1045.8 | 395.2 | 2.8 |
| Support 2 | 400.3 | 501.8 | 1038.42 | 386.07 | 2.73 |
| Support 3 | 398.8 | 494.5 | 1033.58 | 380.63 | 2.71 |
Economic Reports
Source: http://forexfactory.com
| Date | 3:54pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| WedMay 2 | 3:15am | EUR |
Spanish Manufacturing PMI
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54.2 | 54.8 | ||||
| 3:45am | EUR |
Italian Manufacturing PMI
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54.4 | 55.1 | |||||
| 3:50am | EUR |
French Final Manufacturing PMI
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53.4 | 53.4 | |||||
| 3:55am | EUR |
German Final Manufacturing PMI
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58.1 | 58.1 | |||||
| 4:00am | EUR |
Final Manufacturing PMI
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56.0 | 56.0 | |||||
| EUR |
Italian Monthly Unemployment Rate
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10.9% | 10.9% | ||||||
| 4:30am | GBP |
Construction PMI
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50.5 | 47.0 | |||||
| 5:00am | EUR |
Prelim Flash GDP q/q
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0.4% | 0.6% | |||||
| EUR |
Italian Prelim GDP q/q
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0.3% | 0.3% | ||||||
| EUR |
Unemployment Rate
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8.5% | 8.5% | ||||||
| 8:15am | USD |
ADP Non-Farm Employment Change
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200K | 241K | |||||
| 10:30am | USD |
Crude Oil Inventories
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1.0M | 2.2M | |||||
| 11:30am | EUR |
German Buba President Weidmann Speaks
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| 2:00pm | USD |
FOMC Statement
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| USD |
Federal Funds Rate
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<1.75% | <1.75% |
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.
