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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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A few notes as we head into the last unofficial trading day of the summer…..
Traditionally, in the trading world, the last day before Labor day is considered the last summer trading day…Traders expect more volatility after Labor Day. and for the lower volume we usually experience in August to turn into higher volume when traders return from the long weekend on Tuesday.
Along the way keep in mind:
Tomorrow is also the last trading day of the month, which can get interesting at times.
Front month for Silver, bonds, ten years, grains is now DECEMBER.
We will send a separate note when it is time to rollover the equities which is towards the middle of September.
Next blog will be sent Tuesday afternoon so we would like to wish you a great, relaxing and safe Labor Day!
Labor Day Summary below and full details available here.

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 2934.42 7759.67 26360 1756.80 7252.50
Resistance 2 2925.33 7728.33 26264 1749.80 7155.20
Resistance 1 2913.67 7688.92 26138 1742.30 6987.61
Pivot 2904.58 7657.58 26042 1735.30 6890.31
Support 1 2892.92 7618.17 25916 1727.80 6722.72
Support 2 2883.83 7586.83 25820 1720.80 6625.42
Support 3 2872.17 7547.42 25694 1713.30 6457.83
Contract December Gold #GC_F Dec. Silver #SI-F Oct. Crude Oil #CL-F Dec.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1224.8 15.05 71.52 144 23/32 1.1804
Resistance 2 1219.4 14.94 71.01 144 16/32 1.1768
Resistance 1 1212.9 14.77 70.57 144 10/32 1.1727
Pivot 1207.5 14.66 70.06 144  3/32 1.1690
Support 1 1201.0 14.49 69.62 143 29/32 1.1649
Support 2 1195.6 14.38 69.11 143 22/32 1.1613
Support 3 1189.1 14.21 68.67 143 16/32 1.1572
Contract Dec.  Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F
Resistance 3 360.9 555.4 846.08 309.70 2.95
Resistance 2 359.8 549.3 842.17 308.10 2.92
Resistance 1 358.2 542.2 836.83 305.80 2.90
Pivot 357.1 536.1 832.92 304.20 2.87
Support 1 355.4 528.9 827.6 301.9 2.9
Support 2 354.3 522.8 823.67 300.30 2.82
Support 3 352.7 515.7 818.33 298.00 2.81

Economic Reports, source: 

www.forexfactory.com

 

Date 4:04pm Currency Impact Detail Actual Forecast Previous Graph
FriAug 31 2:00am EUR
German Retail Sales m/m
-0.1% 1.2%
GBP
Nationwide HPI m/m
0.1% 0.6%
2:45am EUR
French Prelim CPI m/m
0.5% -0.1%
4:00am EUR
Italian Monthly Unemployment Rate
10.8% 10.9%
5:00am EUR
CPI Flash Estimate y/y
2.1% 2.1%
EUR
Core CPI Flash Estimate y/y
1.1% 1.1%
EUR
Italian Prelim CPI m/m
0.2% 0.3%
EUR
Unemployment Rate
8.2% 8.3%
9:45am USD
Chicago PMI
63.0 65.5
10:00am USD
Revised UoM Consumer Sentiment
95.5 95.3
USD
Revised UoM Inflation Expectations
2.9%

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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