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Support & Resistance Levels

This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.

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Dear Traders,

Should U.S. Farmers Fret About Falling Ag Currencies?
CMEGroup.com 
Argentina has slipped into a financial crisis, again. The Argentine peso has fallen 23% against the U.S. dollar this year. The central bank has raised interest rates to 40% to combat capital flight. The currencies of other major agricultural exporters are also suffering. The Brazilian real is down 15% since January 23 while the Russian rouble has declined 10% over the same period (Figure 1).
The Ukrainian hryvnia has, however, held its own but could suffer a devaluation at any moment. Outside of these major agricultural exporters, other countries such as Turkey are also experiencing sharp falls in the value of their currencies. Yet, so far, the prices of corn, soy and wheat have reacted with a yawn. Should American farmers be nervous?
Looking to save on monthly data fees?
Our E-Futures platform offers a top of the book option for data feed fees from the CME that is charged monthly to your account.  Instead of paying the traditional $15.00 bundle to receive data feed from the CME , NYMEX, COMEX and CBOT or  $5.00 per exchange, you now have the choice with our E-Futures platform to select top of the book which costs $3.00 for the CME bundle or $1.00 per exchange charged monthly.
Top of the book = best bid and best offer. One level of each side of the DOM
Depth of market ( DOM) = Top 10 levels on each side of current market price.
Questions? Like to try in demo mode? Call us at +310 859 9572 or contact us at: https://www.cannontrading.com/company/contact 

 

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

06-07-2018

Contract June 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2805.00 7315.33 25591 1697.63 7828.44
Resistance 2 2788.75 7266.17 25369 1688.07 7753.16
Resistance 1 2780.50 7240.58 25255 1682.93 7637.63
Pivot 2764.25 7191.42 25033 1673.37 7562.35
Support 1 2756.00 7165.83 24919 1668.23 7446.82
Support 2 2739.75 7116.67 24697 1658.67 7371.54
Support 3 2731.50 7091.08 24583 1653.53 7256.01
Contract August Gold #GC_F July Silver #SI-F July Crude Oil #CL-F June  Bonds  #ZB_F June  Euro #6E_F
Resistance 3 1313.8 17.08 67.63 144  6/32 1.1900
Resistance 2 1310.0 16.92 66.80 143 25/32 1.1852
Resistance 1 1305.4 16.82 65.94 143  3/32 1.1818
Pivot 1301.6 16.66 65.11 142 22/32 1.1770
Support 1 1297.0 16.56 64.25 142 1.1736
Support 2 1293.2 16.40 63.42 141 19/32 1.1688
Support 3 1288.6 16.30 62.56 140 29/32 1.1654
Contract July  Corn #ZC_F July Wheat #ZW_F July Beans #ZS_F July SoyMeal #ZM_F July Nat Gas #NG_F
Resistance 3 390.3 544.9 1014.08 371.27 2.96
Resistance 2 387.8 538.1 1009.92 369.93 2.93
Resistance 1 383.0 528.9 1002.08 367.47 2.92
Pivot 380.5 522.1 997.92 366.13 2.89
Support 1 375.8 512.9 990.1 363.7 2.9
Support 2 373.3 506.1 985.92 362.33 2.86
Support 3 368.5 496.9 978.08 359.87 2.84

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  

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