Earnings season in full affect + Trading Levels for 10.17.2018

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Dear Traders,

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We have FOMC minutes, crude oil report, building permits, housing and a few more reports coming out tomorrow. make sure you are aware of the markets you are trading, the reports that come out that affect these specific markets as well as the overall longer term shape of the market, current volatility.
Our brokers have EXPERIENCE in these markets and have seen many different events, cycles and more. Feel free to utilize this priceless asset.
Last but not least, this is earning season!
Please read below from yesterday once again….
Equity markets ( emini indices for most of us) are VERY volatile. For some traders, it is not an easy task to say the least….
I have an automated system I run on the mini NASDAQ and in one week it had both its best day ever and its worst day ever…..so be careful, trading is hard as is but can be even harder for most traders when volatility is at extremes.
Control your emotions and don’t let yourself lose control because in market conditions like this, losing control can mean losing your account……

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

10-17-2018

 

Contract December 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2908.92 7703.08 26624 1670.50 6595.67
Resistance 2 2862.58 7520.42 26215 1636.10 6543.33
Resistance 1 2838.17 7428.83 25985 1617.30 6494.07
Pivot 2791.83 7246.17 25576 1582.90 6441.73
Support 1 2767.42 7154.58 25346 1564.10 6392.47
Support 2 2721.08 6971.92 24937 1529.70 6340.13
Support 3 2696.67 6880.33 24707 1510.90 6290.87
Contract December Gold #GC_F Dec. Silver #SI-F Nov. Crude Oil #CL-F Dec.  Bonds  #ZB_F Dec.  Euro #6E_F
Resistance 3 1241.8 15.07 73.70 139  6/32 1.1725
Resistance 2 1238.8 14.97 72.99 138 29/32 1.1701
Resistance 1 1233.5 14.83 72.45 138 22/32 1.1668
Pivot 1230.5 14.73 71.74 138 13/32 1.1645
Support 1 1225.2 14.59 71.20 138  6/32 1.1612
Support 2 1222.2 14.49 70.49 137 29/32 1.1588
Support 3 1216.9 14.35 69.95 137 22/32 1.1555
Contract Dec.  Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Nov. Nat Gas #NG_F
Resistance 3 379.7 532.7 898.75 332.40 3.40
Resistance 2 378.1 529.8 893.75 329.70 3.36
Resistance 1 376.7 526.7 889.25 326.00 3.30
Pivot 375.1 523.8 884.25 323.30 3.25
Support 1 373.7 520.7 879.8 319.6 3.2
Support 2 372.1 517.8 874.75 316.90 3.15
Support 3 370.7 514.7 870.25 313.20 3.10

Economic Reports, source: 

www.forexfactory.com

 

Date 3:58pm Currency Impact Detail Actual Forecast Previous Graph
WedOct 17 4:30am GBP
CPI y/y
2.6% 2.7%
GBP
PPI Input m/m
0.9% 0.5%
GBP
RPI y/y
3.5% 3.5%
GBP
Core CPI y/y
2.0% 2.1%
GBP
FPC Meeting Minutes
GBP
HPI y/y
3.5% 3.1%
GBP
PPI Output m/m
0.2% 0.2%
5:00am EUR
Final CPI y/y
2.1% 2.1%
EUR
Final Core CPI y/y
0.9% 0.9%
Day 1 EUR
EU Economic Summit
Tentative EUR
German 30-y Bond Auction
1.10|2.0
8:30am USD
Building Permits
1.28M 1.25M
USD
Housing Starts
1.21M 1.28M
9:30am GBP
CB Leading Index m/m
-0.2%
10:30am USD
Crude Oil Inventories
0.6M 6.0M
12:10pm USD
FOMC Member Brainard Speaks
12:30pm EUR
German Buba President Weidmann Speaks
1:00pm GBP
MPC Member Broadbent Speaks
2:00pm USD
FOMC Meeting Minutes

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.

Posted in: Future Trading News  

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