Earnings are out & Support & Resistance Levels 7.24.2018

____________________________________________________________________

Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

____________________________________________________________________

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!
This could be a VOLATILE week in stock index futures, with some moves taking place after the CASH close when earnings usually come out.
About a third of the S&P 500 companies will report quarterly results, including three FANG stocks – Facebook (NASDAQ:FB), Amazon (NASDAQ:AMZN) and Google parent Alphabet (GOOGGOOGL)- as well as oil majors Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX). So far, 87% of corporations that have reported earnings have exceeded Wall Street estimates, with FactSet now forecasting Q2 profits will be up 20.8% from a year earlier.

 

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

07-24-2018

 

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2838.83 7592.58 25229 1722.63 8456.79
Resistance 2 2825.67 7512.67 25159 1714.17 8126.84
Resistance 1 2818.83 7471.33 25093 1708.83 7934.30
Pivot 2805.67 7391.42 25023 1700.37 7604.35
Support 1 2798.83 7350.08 24957 1695.03 7411.81
Support 2 2785.67 7270.17 24887 1686.57 7081.86
Support 3 2778.83 7228.83 24821 1681.23 6889.32
Contract August Gold #GC_F Sept. Silver #SI-F Sept. Crude Oil #CL-F Sept.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1245.5 15.77 70.58 145 16/32 1.1856
Resistance 2 1240.4 15.68 69.94 144 30/32 1.1828
Resistance 1 1232.5 15.54 68.87 143 29/32 1.1786
Pivot 1227.4 15.45 68.23 143 11/32 1.1759
Support 1 1219.5 15.31 67.16 142 10/32 1.1717
Support 2 1214.4 15.22 66.52 141 24/32 1.1689
Support 3 1206.5 15.08 65.45 140 23/32 1.1647
Contract Dec.  Corn #ZC_F Sept. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Aug. Nat Gas #NG_F
Resistance 3 375.9 529.3 874.67 331.80 2.76
Resistance 2 374.1 525.9 872.08 330.00 2.75
Resistance 1 372.7 519.8 867.42 327.70 2.74
Pivot 370.8 516.4 864.83 325.90 2.72
Support 1 369.4 510.3 860.2 323.6 2.7
Support 2 367.6 506.9 857.58 321.80 2.70
Support 3 366.2 500.8 852.92 319.50 2.68

Economic Reports, source: 

http://app.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  

Download Cannon’s new eBook, “Futures Forthright” instantly.


Quick Tip: After registering you will be emailed login information, so be sure to use an email address you have access to. If you need assistance please call us at 1-800-454-9572, a professional broker will help you through the registration process.
________
Doing Business With
See more...
Loading
Loading

Loading