Dr. Copper!! 1.26.2018

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Is Resurgent Dr. Copper About to Relapse?
By Erik Norland, Senior Economist, CME Group

Highlights
  • Copper on the uptrend after recovering from 2011-2015 slump
  • Top importer China’s return to economic growth is supportive
  • Options signaling underlying concerns over China, surging U.S. equities
  • China has begun tightening credit growth and has high levels of debt

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

1-26-2018 

Contract March 2018  SP500 Nasdaq100 Dow Jones Mini Russell BitCoin Index
Resistance 3 2875.42 7060.42 26697 1630.93 12576.67
Resistance 2 2864.58 7023.83 26567 1621.67 12143.33
Resistance 1 2852.42 6975.17 26470 1613.13 11696.67
Pivot 2841.58 6938.58 26340 1603.87 11263.33
Support 1 2829.42 6889.92 26243 1595.33 10816.67
Support 2 2818.58 6853.33 26113 1586.07 10383.33
Support 3 2806.42 6804.67 26016 1577.53 9936.67
Contract Feb. Gold Mar. Silver Mar. Crude Oil Mar.  Bonds Mar.  Euro
Resistance 3 1386.3 18.20 67.79 151 1.2727
Resistance 2 1375.8 17.95 67.22 150  8/32 1.2652
Resistance 1 1361.9 17.62 66.21 149 27/32 1.2552
Pivot 1351.4 17.37 65.64 149  3/32 1.2477
Support 1 1337.5 17.04 64.63 148 22/32 1.2378
Support 2 1327.0 16.79 64.06 147 30/32 1.2303
Support 3 1313.1 16.46 63.05 147 17/32 1.2203
Contract Mar.  Corn Mar. Wheat March Beans Mar. SoyMeal Feb. Nat Gas
Resistance 3 360.8 448.3 1015.50 358.70 3.74
Resistance 2 359.4 443.5 1008.75 353.60 3.66
Resistance 1 357.3 439.0 1000.50 347.00 3.55
Pivot 355.9 434.3 993.75 341.90 3.48
Support 1 353.8 429.8 985.5 335.3 3.4
Support 2 352.4 425.0 978.75 330.20 3.29
Support 3 350.3 420.5 970.50 323.60 3.19

Economic Reports, source: 

http://app.bettertrader.co

Economic Report - Friday, January 26th 2018
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.

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