Energy Futures Outlook 5/15/2018
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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| Oil Market Dynamics in Play: What to Watch in Coming Weeks |
By Blu Putnam, Chief Economist, CME Group
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Oil: Will Mideast Risk Premium Rise Before Driving Season?
Highlights
- U.S. shale oil production can respond faster to price changes
- Ramp-up in U.S. production could be tempered by drilling challenges
- U.S. oil exports have changed the dynamics of Brent-WTI price spread
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Unleaded Gasoline Daily Chart for your review below:
If you like to set up a time and chat with a licensed series 3 broker, pleasecontact us.
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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
05-15-2018
| Contract June 2018 |
SP500 #ES_F |
Nasdaq100 #NQ_F |
Dow Jones #YM_F |
Mini Russell #RTY_F |
BitCoin Index #XBT_F |
| Resistance 3 |
2754.42 |
7056.33 |
25108 |
1628.80 |
9948.47 |
| Resistance 2 |
2747.83 |
7034.92 |
25040 |
1622.50 |
9525.15 |
| Resistance 1 |
2737.42 |
6998.33 |
24948 |
1611.10 |
9135.29 |
| Pivot |
2730.83 |
6976.92 |
24880 |
1604.80 |
8711.97 |
| Support 1 |
2720.42 |
6940.33 |
24788 |
1593.40 |
8322.11 |
| Support 2 |
2713.83 |
6918.92 |
24720 |
1587.10 |
7898.79 |
| Support 3 |
2703.42 |
6882.33 |
24628 |
1575.70 |
7508.93 |
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| Contract |
June Gold #GC_F |
July Silver #SI-F |
June Crude Oil #CL-F |
June Bonds #ZB_F |
June Euro #6E_F |
| Resistance 3 |
1329.3 |
16.94 |
72.48 |
144 |
1.2069 |
| Resistance 2 |
1325.8 |
16.85 |
71.87 |
143 21/32 |
1.2047 |
| Resistance 1 |
1319.8 |
16.70 |
71.48 |
143 7/32 |
1.2007 |
| Pivot |
1316.3 |
16.61 |
70.87 |
142 28/32 |
1.1985 |
| Support 1 |
1310.3 |
16.45 |
70.48 |
142 14/32 |
1.1945 |
| Support 2 |
1306.8 |
16.36 |
69.87 |
142 3/32 |
1.1923 |
| Support 3 |
1300.8 |
16.21 |
69.48 |
141 21/32 |
1.1883 |
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|
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| Contract |
July Corn #ZC_F |
July Wheat #ZW_F |
July Beans #ZS_F |
July SoyMeal #ZM_F |
June Nat Gas #NG_F |
| Resistance 3 |
401.2 |
500.1 |
1047.17 |
403.60 |
2.91 |
| Resistance 2 |
399.3 |
497.9 |
1036.58 |
396.60 |
2.88 |
| Resistance 1 |
397.9 |
494.6 |
1027.17 |
392.10 |
2.86 |
| Pivot |
396.1 |
492.4 |
1016.58 |
385.10 |
2.83 |
| Support 1 |
394.7 |
489.1 |
1007.2 |
380.6 |
2.8 |
| Support 2 |
392.8 |
486.9 |
996.58 |
373.60 |
2.78 |
| Support 3 |
391.4 |
483.6 |
987.17 |
369.10 |
2.76 |
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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.
Tags: Economic Reports > Energy Futures > Energy Futures Outlook > Futures Trading Levels > Gasoline Daily Chart
Posted in: Energy Futures | Future Trading News
