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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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Dear Traders,

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Labor Day is behind us and the summer is officially over according to the trading world…..

Short trading week ahead and keep in mind that the crude oil numbers, which usually come out on Wednesday, will come out on Thursday instead at 10 AM central time.

Also the front month for bonds, metals, financials and most of grains is now December – if you are wondering or need ANY help, feel free to contact us.
I read the following quote over the long weekend and I have been thinking about it off and on and believe the quote is correct:
“Successful traders don’t think on how much they can possibly make from a trade but rather look at the potential risk first”.

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

08-31-2018

 

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2939.33 7800.58 26369 1772.90 7595.82
Resistance 2 2925.92 7747.17 26225 1759.60 7499.68
Resistance 1 2912.33 7693.58 26106 1747.20 7422.53
Pivot 2898.92 7640.17 25962 1733.90 7326.39
Support 1 2885.33 7586.58 25843 1721.50 7249.24
Support 2 2871.92 7533.17 25699 1708.20 7153.10
Support 3 2858.33 7479.58 25580 1695.80 7075.95
Contract December Gold #GC_F Dec. Silver #SI-F Oct. Crude Oil #CL-F Dec.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1220.9 15.05 73.11 145  2/32 1.1743
Resistance 2 1215.3 14.82 72.26 144 20/32 1.1691
Resistance 1 1206.3 14.49 70.79 143 30/32 1.1644
Pivot 1200.7 14.26 69.94 143 16/32 1.1592
Support 1 1191.7 13.94 68.47 142 26/32 1.1545
Support 2 1186.1 13.71 67.62 142 12/32 1.1493
Support 3 1177.1 13.38 66.15 141 22/32 1.1446
Contract Dec.  Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F
Resistance 3 378.3 550.4 866.33 322.07 2.97
Resistance 2 373.4 541.8 858.92 317.93 2.94
Resistance 1 370.8 536.7 851.58 314.57 2.88
Pivot 365.9 528.1 844.17 310.43 2.84
Support 1 363.3 522.9 836.8 307.1 2.8
Support 2 358.4 514.3 829.42 302.93 2.75
Support 3 355.8 509.2 822.08 299.57 2.69

Economic Reports, source: 

https://app.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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