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
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Futures Trading Levels
|Contract March 2018||SP500||Nasdaq100||Dow Jones||Mini Russell||BitCoin Index|
|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|
|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|
Economic Reports, source:
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