EXTREME Volatility, be careful + Trading Levels for 10.16.2018
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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Dear Traders,
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
10-16-2018
| Contract December 2018 | SP500 #ES_F | Nasdaq100 #NQ_F | Dow Jones #YM_F | Mini Russell #RTY_F | BitCoin Index #XBT_F |
| Resistance 3 | 2805.25 | 7268.17 | 25786 | 1595.47 | 7371.53 |
| Resistance 2 | 2792.00 | 7223.58 | 25628 | 1580.23 | 7065.03 |
| Resistance 1 | 2771.75 | 7149.92 | 25426 | 1566.17 | 6724.56 |
| Pivot | 2758.50 | 7105.33 | 25268 | 1550.93 | 6418.06 |
| Support 1 | 2738.25 | 7031.67 | 25066 | 1536.87 | 6077.59 |
| Support 2 | 2725.00 | 6987.08 | 24908 | 1521.63 | 5771.09 |
| Support 3 | 2704.75 | 6913.42 | 24706 | 1507.57 | 5430.62 |
| Contract | December Gold #GC_F | Dec. Silver #SI-F | Nov. Crude Oil #CL-F | Dec. Bonds #ZB_F | Dec. Euro #6E_F |
| Resistance 3 | 1254.2 | 15.00 | 74.46 | 139 3/32 | 1.1730 |
| Resistance 2 | 1245.5 | 14.90 | 73.58 | 138 29/32 | 1.1697 |
| Resistance 1 | 1237.7 | 14.81 | 72.61 | 138 21/32 | 1.1667 |
| Pivot | 1229.0 | 14.71 | 71.73 | 138 15/32 | 1.1634 |
| Support 1 | 1221.2 | 14.62 | 70.76 | 138 7/32 | 1.1604 |
| Support 2 | 1212.5 | 14.52 | 69.88 | 138 1/32 | 1.1571 |
| Support 3 | 1204.7 | 14.43 | 68.91 | 137 25/32 | 1.1541 |
| Contract | Dec. Corn #ZC_F | Dec. Wheat #ZW_F | Nov. Beans #ZS_F | Dec. SoyMeal #ZM_F | Nov. Nat Gas #NG_F |
| Resistance 3 | 386.0 | 536.8 | 926.33 | 344.03 | 3.39 |
| Resistance 2 | 382.3 | 531.2 | 909.17 | 335.67 | 3.33 |
| Resistance 1 | 380.3 | 528.1 | 900.33 | 331.33 | 3.29 |
| Pivot | 376.5 | 522.4 | 883.17 | 322.97 | 3.23 |
| Support 1 | 374.5 | 519.3 | 874.3 | 318.6 | 3.2 |
| Support 2 | 370.8 | 513.7 | 857.17 | 310.27 | 3.14 |
| Support 3 | 368.8 | 510.6 | 848.33 | 305.93 | 3.10 |
Economic Reports, source:
| Date | 4:13pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| TueOct 16 | 2:00am | EUR |
German Import Prices m/m
|
0.1% | -0.2% | ||||
| 4:30am | GBP |
Average Earnings Index 3m/y
|
2.6% | 2.6% | |||||
| GBP |
Unemployment Rate
|
4.0% | 4.0% | ||||||
| GBP |
Claimant Count Change
|
4.5K | 8.7K | ||||||
| 5:00am | EUR |
Trade Balance
|
15.0B | 12.8B | |||||
| EUR |
ZEW Economic Sentiment
|
-9.2 | -7.2 | ||||||
| EUR |
German ZEW Economic Sentiment
|
-12.3 | -10.6 | ||||||
| 6:00am | EUR |
Italian Trade Balance
|
4.34B | 5.68B | |||||
| 9:15am | GBP |
MPC Member Cunliffe Speaks
|
|||||||
| USD |
Capacity Utilization Rate
|
78.2% | 78.1% | ||||||
| USD |
Industrial Production m/m
|
0.2% | 0.4% | ||||||
| 10:00am | USD |
JOLTS Job Openings
|
6.90M | 6.94M | |||||
| USD |
NAHB Housing Market Index
|
68 | 67 | ||||||
| 4:00pm | USD |
TIC Long-Term Purchases
|
74.8B | ||||||
| 4:15pm | USD |
FOMC Member Daly Speaks
|
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.
