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Support & Resistance Levels

This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.

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Dear Traders,

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Earnings season is in play. Be aware.
Grains have made some large upside moves as well as coffee and sugar recently if you are not following. Some of it is on the heels of US$ being weaker.
Bitcoin futures are volatile as well with large swings intraday. MICRO BTC coming out next week!
Would you like a bit more insight AHEAD of the trading day?
get info/ insight like this below which was posted around 5 AM this morning Pacific Time:
GOOD MORNING.
NEW LOW CLOSE US$ @ 90.839
DOWN 0.482.
BULLISH for S&P’s, COPPER,
GOLD CRUDE, GRAINS, SOFTS, ETC.
PARADOXICALLY, GOLD & SILVER
ARE NOT REACTING.
M EUROCURRENCY MADE A NEW HIGH CLOSE, BREAKING OUT ABOVE
**100 DAY MA @ 120.915**
CLOSED @ 121.05 UP 0.85
LOOK FOR M CRUDE TO RALLY
REFLATIONARY pressures continues
GRAINS & LUMBER.
LUMBER Closed limit up again 48.00
COPPER still parabolic!
Very bullish underlying indicator
for economy!
Secular BULL market in S&P’s until a 4090.50 occurs.
M S&P objective 4205.00
DOW 35,000
GERMAN BUNDS:
10) -0.252%
20) +0.034%
30) +0.293%
U.S. RATES:
FED FUNDS WINDOW:
(K) CLOSED 0.1825% -0.50
02) 0.151%
10) 1.542%
30) 2.222%
2/10 Yield Curve Closed 1.391%
5/30 Yield Curve Closed 1.428%
M US$ / Closed 90.839 0.482
RESISTANCE:
91.31
91.19 Buy SCO
91.09
M DOW / Closed 33,941 +232
SUPPORT:
33,997
33,896 Sell SCO
33,810
M S&P / Closed 4171.50 +43.75
SUPPORT:
4152.00
4139.00 Sell SCO
Money flow for M S&P’S:
Negative= N / Positive= P
M CRUDE -0.92 / N
K COPPER +8.15 / P
M BONDS -0.16 / N Nasdaq
M YEN +0.09 / N
M PALLADIUM +38.0 / P
M US$ -0.031 / P
K LUMBER closed 1372.50 +48.00 LIMIT
M CRUDE / Closed $62.14 +$0.71
SUPPORT:
60.48
59.84 Sell SCO
59.08
RESISTANCE:
64.00
63.34 Buy SCO
62.77
M BONDS / Closed 158.09. -0.05
SUPPORT:
158.04
RESISTANCE:
158.24
158.12 Buy SCO
K COPPER / Closed $4.3360 +6.30
SUPPORT:
4.2880
4.2660 Sell SCO
4.2410
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 when it comes to Futures Trading.

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 when it comes to Futures Trading.

 

Futures Trading Levels

4-27-2021

Economic Reports, source: 

 www.BetterTrader.co

 

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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