Gold Outlook + Trading Levels 5.17.2018

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.

Gold Outlook + Trading Levels 5.17.2018

____________________________________________________________________

Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

____________________________________________________________________

Dear Traders,
Gold: At the Crossroads of Fiscal and Monetary Policies
Twice this year implied volatility in gold options spiked from 9% to around 13.5%. Proportionally, that represents a 50% rise and seems like a big move, at least by the standards of recent history. What is more remarkable, however, is how calm the gold market has generally been. For the past two years, implied volatility on gold options have been near the lowest levels in recent memory and are a far cry from the 17% average levels that prevailed in 2015 and 2016, much less the spikes above 30% in 2011 and 2013 (Figure 1). So why has the gold market been so placid and what will likely drive volatility?

If you like to set up a time and chat with a licensed series 3 broker, please contact us.

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

05-17-2018

Futures Trading Levels
Contract June 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2755.67 7046.50 24971 1650.13 8871.83
Resistance 2 2741.83 7000.00 24875 1636.47 8686.79
Resistance 1 2732.17 6968.50 24807 1627.63 8473.68
Pivot 2718.33 6922.00 24711 1613.97 8288.64
Support 1 2708.67 6890.50 24643 1605.13 8075.53
Support 2 2694.83 6844.00 24547 1591.47 7890.49
Support 3 2685.17 6812.50 24479 1582.63 7677.38
Contract June Gold #GC_F July Silver #SI-F June Crude Oil #CL-F June  Bonds  #ZB_F June  Euro #6E_F
Resistance 3 1306.7 16.73 72.74 142  3/32 1.1973
Resistance 2 1301.5 16.58 72.15 141 27/32 1.1927
Resistance 1 1296.0 16.48 71.84 141 12/32 1.1882
Pivot 1290.8 16.34 71.25 141  4/32 1.1836
Support 1 1285.3 16.24 70.94 140 21/32 1.1790
Support 2 1280.1 16.09 70.35 140 13/32 1.1744
Support 3 1274.6 15.99 70.04 139 30/32 1.1699
Contract July  Corn #ZC_F July Wheat #ZW_F July Beans #ZS_F July SoyMeal #ZM_F June Nat Gas #NG_F
Resistance 3 410.1 506.1 1024.83 387.70 2.87
Resistance 2 407.4 502.4 1019.42 385.40 2.86
Resistance 1 403.3 498.3 1009.58 381.00 2.84
Pivot 400.7 494.7 1004.17 378.70 2.82
Support 1 396.6 490.6 994.3 374.3 2.8
Support 2 393.9 486.9 988.92 372.00 2.79
Support 3 389.8 482.8 979.08 367.60 2.77

Economic Reports, source:

http://app.bettertrader.co

Economic Reports - Thursday, May 17th

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.

Tags: > > Posted in: Future Trading News   | Metal Futures  

Trading Expertise As Featured In

Trading Tips You Can Use Right Away!


Watch 4 short videos on the topics of:
  • Using Bollinger Bands and Parabolics
  • Using range Bars for Day-Trading
  • The concept of Price Confirmation
  • How to Use Support & Resistance Levels
  • License 3 Broker at your Fingertips
Loading
Loading

Loading
Loading
Loading

Loading