Futures Fundamentals + Monthly Outlook 1.23.2018
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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The XXIII Winter Olympics start in early February, but instead of signifying a moment of global unity, these Games may present a reminder of international tensions. The Games are being held in PyeongChang, South Korea, just miles away from the world’s biggest pariah nation whose nuclear program is currently the most obvious threat to international security. Ahead of the Games, North Korea has reopened direct contact with the South, and tensions have eased somewhat. But the two Koreas have gone through cycles of detente before, only to see the North go back to its antagonistic ways.
Despite the geopolitical uncertainties, the global economic environment is on an uptrend. Equity markets have reached Olympic heights
Futures Fundamentals online tutorial available for you to view and utilize INSTANTLY!
Make 2018 a great one!
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Futures Trading Levels
1-23-2018
| Contract March 2018 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | BitCoin Index |
| Resistance 3 | 2881.83 | 7057.33 | 26592 | 1632.53 | 13086.67 |
| Resistance 2 | 2859.17 | 6990.92 | 26409 | 1620.77 | 12458.33 |
| Resistance 1 | 2847.33 | 6957.08 | 26311 | 1614.63 | 11426.67 |
| Pivot | 2824.67 | 6890.67 | 26128 | 1602.87 | 10798.33 |
| Support 1 | 2812.83 | 6856.83 | 26030 | 1596.73 | 9766.67 |
| Support 2 | 2790.17 | 6790.42 | 25847 | 1584.97 | 9138.33 |
| Support 3 | 2778.33 | 6756.58 | 25749 | 1578.83 | 8106.67 |
| Contract | Feb. Gold | Mar. Silver | Mar. Crude Oil | Mar. Bonds | Mar. Euro |
| Resistance 3 | 1345.2 | 17.26 | 65.35 | 149 26/32 | 1.2375 |
| Resistance 2 | 1340.5 | 17.18 | 64.74 | 149 18/32 | 1.2342 |
| Resistance 1 | 1337.4 | 17.10 | 64.27 | 149 5/32 | 1.2321 |
| Pivot | 1332.7 | 17.02 | 63.66 | 148 29/32 | 1.2288 |
| Support 1 | 1329.6 | 16.94 | 63.19 | 148 16/32 | 1.2267 |
| Support 2 | 1324.9 | 16.86 | 62.58 | 148 8/32 | 1.2234 |
| Support 3 | 1321.8 | 16.78 | 62.11 | 147 27/32 | 1.2213 |
| Contract | Mar. Corn | Mar. Wheat | March Beans | Mar. SoyMeal | Feb. Nat Gas |
| Resistance 3 | 356.8 | 432.0 | 992.25 | 346.30 | 3.42 |
| Resistance 2 | 355.5 | 429.8 | 989.75 | 342.60 | 3.35 |
| Resistance 1 | 353.8 | 427.8 | 987.00 | 340.60 | 3.30 |
| Pivot | 352.5 | 425.5 | 984.50 | 336.90 | 3.22 |
| Support 1 | 350.8 | 423.5 | 981.8 | 334.9 | 3.2 |
| Support 2 | 349.5 | 421.3 | 979.25 | 331.20 | 3.09 |
| Support 3 | 347.8 | 419.3 | 976.50 | 329.20 | 3.04 |
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.
