Factors to shape FED rate moves +Support & Resistance Levels 6.20.2018

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Factors Likely to Shape Fed’s Interest Rate Path in H2 2018
By Blu Putnam, Chief Economist, CME Group

Video Highlights
  • Fed could hike rates at least once in H2 2018 as core inflation edges up
  • A second rate increase in H2 is possible but dependent on inflation data
  • Fed aiming for ‘rate neutrality,’ when fed funds rate equals core inflation
  • 10-Year Treasury Note at 3% could be a floor, not ceiling, if inflation strengthens
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Futures Trading Levels

06-20-2018

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2828.92 7419.50 25392 1730.20 7006.01
Resistance 2 2804.58 7349.25 25205 1715.00 6923.22
Resistance 1 2784.42 7298.00 24944 1706.00 6831.86
Pivot 2760.08 7227.75 24757 1690.80 6749.07
Support 1 2739.92 7176.50 24496 1681.80 6657.71
Support 2 2715.58 7106.25 24309 1666.60 6574.92
Support 3 2695.42 7055.00 24048 1657.60 6483.56
Contract August Gold #GC_F July Silver #SI-F Aug. Crude Oil #CL-F Sept.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1299.5 16.80 67.21 145 11/32 1.1835
Resistance 2 1293.1 16.68 66.47 145  2/32 1.1779
Resistance 1 1285.3 16.49 65.70 144 20/32 1.1720
Pivot 1278.9 16.37 64.96 144 11/32 1.1665
Support 1 1271.1 16.18 64.19 143 29/32 1.1606
Support 2 1264.7 16.06 63.45 143 20/32 1.1550
Support 3 1256.9 15.87 62.68 143  6/32 1.1491
Contract July  Corn #ZC_F July Wheat #ZW_F July Beans #ZS_F July SoyMeal #ZM_F July Nat Gas #NG_F
Resistance 3 380.4 503.1 961.08 357.60 3.02
Resistance 2 369.1 493.9 927.67 347.30 2.99
Resistance 1 361.4 485.8 908.33 340.90 2.95
Pivot 350.1 476.7 874.92 330.60 2.92
Support 1 342.4 468.6 855.6 324.2 2.9
Support 2 331.1 459.4 822.17 313.90 2.85
Support 3 323.4 451.3 802.83 307.50 2.81

Economic Reports, source: 

http://app.bettertrader.co 

 

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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.

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