FOMC tomorrow & Support & Resistance Levels 11.07.2018 - Support & Resistance Levels

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.

FOMC tomorrow & Support & Resistance Levels 11.07.2018


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We have both elections and FOMC tomorrow…
According to Fed Funds Futures,
No hike this week from FOMC
The probability of another .25 hike this week stands at 5.9%
Market reaction will be language driven
Here is a guide to LIMIT moves in stock indices:
Just in case…..
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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



Economic Reports, source:


Date 4:03pm Currency Impact Detail Actual Forecast Previous Graph
WedNov 7  2:00am EUR
German Industrial Production m/m
0.0% -0.3%
3:30am GBP
Halifax HPI m/m
0.5% -1.4%
4:00am EUR
Italian Retail Sales m/m
-0.1% 0.7%
5:00am EUR
Retail Sales m/m
0.1% -0.2%
Tentative EUR
German 10-y Bond Auction
10:30am USD
Crude Oil Inventories
2.0M 3.2M
1:01pm USD
30-y Bond Auction
3:00pm USD
Consumer Credit m/m
15.7B 20.1B
7:01pm GBP
RICS House Price Balance
-2% -2%

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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