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Dear Traders,
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Gold WEEKLY chart for your review below.
This Sunday night I got the first weekly sell signal since the end of 2017. You can see the little red arrow along with the current bar marked in red. Just because a signal happened, does not mean we will see a sell off but for me personally it is a good probability that the pressure is stronger to the downside. I like some of the option plays one can do using vertical put spreads.
The chart above includes some proprietary studies/ALGOS.
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
06-21-2018
Contract September 2018 |
SP500 #ES_F |
Nasdaq100 #NQ_F |
Dow Jones #YM_F |
Mini Russell #RTY_F |
BitCoin Index #XBT_F |
Resistance 3 |
2801.25 |
7461.33 |
25029 |
1737.83 |
7109.66 |
Resistance 2 |
2789.75 |
7398.92 |
24944 |
1725.87 |
6961.28 |
Resistance 1 |
2780.25 |
7351.58 |
24803 |
1718.83 |
6857.81 |
Pivot |
2768.75 |
7289.17 |
24718 |
1706.87 |
6709.43 |
Support 1 |
2759.25 |
7241.83 |
24577 |
1699.83 |
6605.96 |
Support 2 |
2747.75 |
7179.42 |
24492 |
1687.87 |
6457.58 |
Support 3 |
2738.25 |
7132.08 |
24351 |
1680.83 |
6354.11 |
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Contract |
August Gold #GC_F |
July Silver #SI-F |
Aug. Crude Oil #CL-F |
Sept. Bonds #ZB_F |
Sept. Euro #6E_F |
Resistance 3 |
1284.9 |
16.48 |
67.89 |
144 27/32 |
1.1749 |
Resistance 2 |
1281.7 |
16.43 |
67.12 |
144 19/32 |
1.1713 |
Resistance 1 |
1276.7 |
16.36 |
66.33 |
143 31/32 |
1.1685 |
Pivot |
1273.5 |
16.31 |
65.56 |
143 23/32 |
1.1649 |
Support 1 |
1268.5 |
16.24 |
64.77 |
143 3/32 |
1.1622 |
Support 2 |
1265.3 |
16.19 |
64.00 |
142 27/32 |
1.1586 |
Support 3 |
1260.3 |
16.12 |
63.21 |
142 7/32 |
1.1558 |
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Contract |
July Corn #ZC_F |
July Wheat #ZW_F |
July Beans #ZS_F |
July SoyMeal #ZM_F |
July Nat Gas #NG_F |
Resistance 3 |
367.0 |
509.2 |
917.00 |
348.10 |
3.04 |
Resistance 2 |
361.8 |
499.6 |
906.50 |
343.00 |
3.01 |
Resistance 1 |
358.0 |
493.9 |
898.00 |
338.10 |
2.98 |
Pivot |
352.8 |
484.3 |
887.50 |
333.00 |
2.95 |
Support 1 |
349.0 |
478.7 |
879.0 |
328.1 |
2.9 |
Support 2 |
343.8 |
469.1 |
868.50 |
323.00 |
2.89 |
Support 3 |
340.0 |
463.4 |
860.00 |
318.10 |
2.87 |
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.