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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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 Three Things to Keep in Mind for Friday’s Employment Report:

  • Overall pace of U.S. hiring has eased to 1.4-1.6% from 2.2% in 2014
  • Average hourly earnings grew by 2.6% yearly since 2016 from 2% 2010 through 2015
  • Does Fed’s current tightening cycle reflect concern over asset prices?
  • Unemployment might be within 0.3-0.6% of hitting bottom at around 3.5-3.8%
read Full Article

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

4-06-2018

Contract June 2018 SP500 Nasdaq100 Dow Jones Mini Russell BitCoin Index
Resistance 3 2767.75 6964.58 25490 1606.23 8022.34
Resistance 2 2708.75 6778.17 24884 1571.87 7728.95
Resistance 1 2677.50 6679.58 24574 1553.03 7310.77
Pivot 2618.50 6493.17 23968 1518.67 7017.38
Support 1 2587.25 6394.58 23658 1499.83 6599.20
Support 2 2528.25 6208.17 23052 1465.47 6305.81
Support 3 2497.00 6109.58 22742 1446.63 5887.63
Contract June Gold May Silver May Crude Oil June  Bonds June  Euro
Resistance 3 1365.4 16.76 65.68 147  6/32 1.2437
Resistance 2 1358.9 16.64 64.66 146 28/32 1.2410
Resistance 1 1348.1 16.46 64.10 146  6/32 1.2378
Pivot 1341.6 16.34 63.08 145 28/32 1.2351
Support 1 1330.8 16.17 62.52 145  6/32 1.2319
Support 2 1324.3 16.05 61.50 144 28/32 1.2292
Support 3 1313.5 15.87 60.94 144  6/32 1.2260
Contract May  Corn May Wheat May Beans May SoyMeal May Nat Gas
Resistance 3 395.4 469.7 1061.58 409.27 2.82
Resistance 2 390.8 464.6 1041.92 396.53 2.78
Resistance 1 385.9 460.2 1028.58 389.17 2.74
Pivot 381.3 455.1 1008.92 376.43 2.71
Support 1 376.4 450.7 995.6 369.1 2.7
Support 2 371.8 445.6 975.92 356.33 2.64
Support 3 366.9 441.2 962.58 348.97 2.60

Economic Reports, source: 

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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