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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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10.13.21 Wednesday insight:
XX = STOP
SCO = STOP CLOSE ONLY
MA= MOVING AVERAGE
FIBO’S = Fibonacci Retracements
Z S&P JUST FINISHED A 4TH WAVE UP
3 DAYS AGO @ 4421.50 ON V 07th
A CLOSE BELOW THE 3rd WAVE @ 4260.00
FROM V 01st TRIGGERS THE 5th WAVE
DOWN TO 4080.00
X CRUDE
UPSIDE OBJECTIVE $85.00
GOOD MORNING.
10.13.21 Wednesday
CPI 7:30
Real Earnings 7:30
API Energy Stocks 3:30
Z S&P
4250.00 OBJECTIVE UNTIL
A CLOSE ABOVE 4387.25
4348.50 CRITICAL MA
RESISTANCE
50% FIBO 4343.75
Z NASDAQ
14,450 OBJECTIVE UNTIL
A CLOSE ABOVE 14,753.25
14,753.25
CRITICAL MA
KEY RESISTANCE
Z US$
7th DAY IN A ROW!
LOW YESTERDAY 94.235 *
ALGO’S SUPPORT 94.25*
ALGO IS LONG
BEARISH FOR S&P’S
Z US$ CLOSED @ 94.519 +0.193
ALGO SUPPORT:
94.35 *
94.26 Sell SCO
94.15
Z S&P:
BEAR BIAS.
4373.25 KEY RESISTANCE
U 03rd HIGH 4539.50
K 13th LOW 4028.25
FIBO’S:
38.2% = 4343.75
50.0% = 4283.50 / 4th DAY
61.8% = 4223.25
4373 25
KEY MA
MAJOR SWING AREA!
KEY RESISTANCE
4421.75
KEY TRANSITIONING MA
MASSIVE RESISTANCE
4387.00
MASSIVE MA
KEY RESISTANCE
4348.50
CRITICAL MA
MASSIVE SUPPORT
4157.50
LAST MA SUPPORT / MUST HOLD!
ALGO IS NEUTRAL
ALGO RESISTANCE:
4466.50
4439.25 Buy SCO
4416.00
Z S&P Closed 4340.75 -10.25
ALGO SUPPORT:
4339.00
4321.25 Sell SCO
4300.50 / Selling pressure
Z NASDAQ:
U 07th HIGH 15,702.25
K 13th LOW 12,915.00
FIBO’S:
38.2% = 14,637.75
50.0% = 14,309.75 ***
61.8% = 13,981.75
14,939.75
KEY MA
15,159.25
KEY TRANSITIONING MA
KEY RESISTANCE
14,988.25
MASSIVE MA
KEY RESISTANCE
14,753.50
CRITICAL MA
KEY RESISTANCE
LAST MA SUPPORT
14,033.50
ALGO IS SHORT
ALGO RESISTANCE:
15,736.50
15,685.75 Buy SCO
Z NASDAQ
Closed 14,653.25 -47.25
ALGO SUPPORT:
14,630.75 / Selling PRESSURE
X CRUDE:
ALGO IS LONG
X CRUDE Closed $80.64 +0.12
ALGO SUPPORT:
78.82
78.36 Sell SCO **
77.85
75.52
KEY MA
KEY SUPPORT
71.74
KEY TRANSITIONING MA
70.70
MASSIVE MA
70.00
CRITICAL MA
63.66
LAST MA SUPPORT / MUST HOLD!
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 when it comes to Futures Trading.

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 when it comes to Futures Trading.

 

Futures Trading Levels

10-14-2020

 

Futures Support and Resistance Levels 10.13.2021


Economic Reports, source: 

https://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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