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Front month for crude oil futures is now November.
The October crude oil is going into delivery so be aware and start trading the November contract. ( X= November)
Currencies, Stock Indices, metals, financials are all December contract. Z= December.
We are here to help. If you are not sure what month to trade or just need someone to talk about the markets, give us a call or reach out to us via the web.
Futures trading is not easy, no need for you to trade all alone. use us and our combined resources and experience.
On a different note, you can read my latest speculation regarding gold futures at:
https://www.equities.com/news/gold-prices-moving-higher-or-taking-a-break
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
9-19-2017
| Contract December 2017 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2514.17 | 6064.75 | 22420 | 1461.13 | 92.42 |
| Resistance 2 | 2510.08 | 6041.50 | 22367 | 1453.07 | 92.21 |
| Resistance 1 | 2505.92 | 6013.75 | 22329 | 1447.43 | 92.01 |
| Pivot | 2501.83 | 5990.50 | 22276 | 1439.37 | 91.80 |
| Support 1 | 2497.67 | 5962.75 | 22238 | 1433.73 | 91.60 |
| Support 2 | 2493.58 | 5939.50 | 22185 | 1425.67 | 91.39 |
| Support 3 | 2489.42 | 5911.75 | 22147 | 1420.03 | 91.19 |
| Contract | December Gold | Dec. Silver | Nov. Crude Oil | Dec. Bonds | Dec. Euro |
| Resistance 3 | 1336.9 | 18.15 | 52.05 | 155 27/32 | 1.2090 |
| Resistance 2 | 1330.4 | 17.91 | 51.45 | 155 14/32 | 1.2059 |
| Resistance 1 | 1321.0 | 17.59 | 50.88 | 154 30/32 | 1.2035 |
| Pivot | 1314.5 | 17.35 | 50.28 | 154 17/32 | 1.2004 |
| Support 1 | 1305.1 | 17.02 | 49.71 | 154 1/32 | 1.1980 |
| Support 2 | 1298.6 | 16.78 | 49.11 | 153 20/32 | 1.1949 |
| Support 3 | 1289.2 | 16.46 | 48.54 | 153 4/32 | 1.1925 |
| Contract | Dec. Corn | Dec. Wheat | November Beans | Dec. SoyMeal | Oct. Nat Gas |
| Resistance 3 | 355.3 | 450.6 | 983.00 | 321.40 | 3.30 |
| Resistance 2 | 354.2 | 448.7 | 979.75 | 318.80 | 3.23 |
| Resistance 1 | 352.8 | 446.1 | 973.75 | 315.70 | 3.19 |
| Pivot | 351.7 | 444.2 | 970.50 | 313.10 | 3.12 |
| Support 1 | 350.3 | 441.6 | 964.5 | 310.0 | 3.1 |
| Support 2 | 349.2 | 439.7 | 961.25 | 307.40 | 3.01 |
| Support 3 | 347.8 | 437.1 | 955.25 | 304.30 | 2.97 |
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.