Grain Futures Outlook 5.11.2018
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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Dear Traders,
If you are trading grains and grain futures, the following link will provide you with some good insight into the near future of grain prices following today’s report:
https://www.dtnpf.com/agriculture/web/ag/news/article/2018/05/10/new-crop-corn-soybean-forecasts
Daily chart of Soybeans futures #ZS_F below: 
Good Trading
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Futures Trading Levels
05-11-2018
| Contract June 2018 | SP500 #ES_F | Nasdaq100 #NQ_F | Dow Jones #YM_F | Mini Russell #RTY_F | BitCoin Index #XBT_F |
| Resistance 3 | 2764.33 | 7079.08 | 25109 | 1626.77 | 9615.92 |
| Resistance 2 | 2744.67 | 7025.17 | 24938 | 1618.83 | 9500.09 |
| Resistance 1 | 2732.08 | 6996.58 | 24815 | 1611.97 | 9279.99 |
| Pivot | 2712.42 | 6942.67 | 24644 | 1604.03 | 9164.16 |
| Support 1 | 2699.83 | 6914.08 | 24521 | 1597.17 | 8944.06 |
| Support 2 | 2680.17 | 6860.17 | 24350 | 1589.23 | 8828.23 |
| Support 3 | 2667.58 | 6831.58 | 24227 | 1582.37 | 8608.13 |
| Contract | June Gold #GC_F | July Silver #SI-F | June Crude Oil #CL-F | June Bonds #ZB_F | June Euro #6E_F |
| Resistance 3 | 1338.9 | 17.15 | 73.34 | 144 3/32 | 1.2100 |
| Resistance 2 | 1331.2 | 16.97 | 72.61 | 143 23/32 | 1.2038 |
| Resistance 1 | 1326.1 | 16.86 | 72.01 | 143 16/32 | 1.1996 |
| Pivot | 1318.4 | 16.68 | 71.28 | 143 4/32 | 1.1935 |
| Support 1 | 1313.3 | 16.57 | 70.68 | 142 29/32 | 1.1893 |
| Support 2 | 1305.6 | 16.39 | 69.95 | 142 17/32 | 1.1831 |
| Support 3 | 1300.5 | 16.28 | 69.35 | 142 10/32 | 1.1789 |
| Contract | July Corn #ZC_F | July Wheat #ZW_F | July Beans #ZS_F | July SoyMeal #ZM_F | June Nat Gas #NG_F |
| Resistance 3 | 413.0 | 528.2 | 1051.42 | 398.70 | 2.96 |
| Resistance 2 | 410.0 | 521.3 | 1042.58 | 395.30 | 2.89 |
| Resistance 1 | 406.0 | 513.9 | 1031.92 | 390.70 | 2.85 |
| Pivot | 403.0 | 507.1 | 1023.08 | 387.30 | 2.78 |
| Support 1 | 399.0 | 499.7 | 1012.4 | 382.7 | 2.7 |
| Support 2 | 396.0 | 492.8 | 1003.58 | 379.30 | 2.67 |
| Support 3 | 392.0 | 485.4 | 992.92 | 374.70 | 2.63 |
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.
