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Dear Traders,
Interesting read and topic by the CME group:
E-mini Russell 2000 Index Futures Spread Trading
Deflation Basics Series: The Quantity Theory of Money
By Elliott Wave International
Here’s our challenge.
In order to be aware of the investment pitfalls and opportunities that deflation can bring, we must first understand the basic elements of why it occurs. So our challenge is to try and make monetary economics, a subject that most people would find duller than watching paint dry on a wall, understandable and, dare I say it, fun! It’s a big ask but we like a test, and so here is the first in our Deflation Basics Series — The Quantity Theory of Money.
To read the rest of the article please click on the link below:
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
10-18-2017
| Contract December 2017 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | BitCoin Index |
| Resistance 3 | 2564.75 | 6151.67 | 23047 | 1519.83 | 6019.80 |
| Resistance 2 | 2561.25 | 6138.58 | 23003 | 1514.17 | 5903.31 |
| Resistance 1 | 2559.25 | 6131.17 | 22975 | 1506.93 | 5759.87 |
| Pivot | 2555.75 | 6118.08 | 22931 | 1501.27 | 5643.38 |
| Support 1 | 2553.75 | 6110.67 | 22903 | 1494.03 | 5499.94 |
| Support 2 | 2550.25 | 6097.58 | 22859 | 1488.37 | 5383.45 |
| Support 3 | 2548.25 | 6090.17 | 22831 | 1481.13 | 5240.01 |
| Contract | December Gold | Dec. Silver | Nov. Crude Oil | Dec. Bonds | Dec. Euro |
| Resistance 3 | 1311.7 | 17.53 | 53.49 | 155 2/32 | 1.1898 |
| Resistance 2 | 1305.0 | 17.41 | 52.87 | 154 19/32 | 1.1867 |
| Resistance 1 | 1296.5 | 17.24 | 52.45 | 154 9/32 | 1.1836 |
| Pivot | 1289.8 | 17.11 | 51.83 | 153 26/32 | 1.1805 |
| Support 1 | 1281.3 | 16.94 | 51.41 | 153 16/32 | 1.1774 |
| Support 2 | 1274.6 | 16.82 | 50.79 | 153 1/32 | 1.1743 |
| Support 3 | 1266.1 | 16.65 | 50.37 | 152 23/32 | 1.1712 |
| Contract | Dec. Corn | Dec. Wheat | November Beans | Dec. SoyMeal | Nov. Nat Gas |
| Resistance 3 | 354.9 | 446.4 | 992.75 | 326.13 | 3.10 |
| Resistance 2 | 353.3 | 443.6 | 990.25 | 325.07 | 3.06 |
| Resistance 1 | 351.7 | 439.2 | 987.50 | 323.33 | 2.99 |
| Pivot | 350.1 | 436.3 | 985.00 | 322.27 | 2.96 |
| Support 1 | 348.4 | 431.9 | 982.3 | 320.5 | 2.9 |
| Support 2 | 346.8 | 429.1 | 979.75 | 319.47 | 2.86 |
| Support 3 | 345.2 | 424.7 | 977.00 | 317.73 | 2.79 |
Economic Reports, source:
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.