Energy Futures Outlook 5/15/2018

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Dear Traders,
Oil Market Dynamics in Play: What to Watch in Coming Weeks
By Blu Putnam, Chief Economist, CME Group
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
 Unleaded Gasoline Daily Chart for your review below:
Unleaded Gasoline Daily Chart 

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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

Futures Trading Levels
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
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
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

Economic Reports, source:

http://app.bettertrader.co

Economic Reports - Tuesday, May 15th

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: > > > > Posted in: Energy Futures   | Future Trading News  

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