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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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Fed Unwinding of QE and What It Means for U.S. Bonds

By Blu Putnam, Chief Economist, CME Group

Video Highlights

  • Fed’s unwinding of QE has helped to raise U.S. Treasury yields
  •  U.S. Treasuries considered high-yielding compared to Japan, EU
  • Japan, Germany bond yields to rise when they end quantitative easing

WATCH VIDEO

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

4-03-2018

Contract June 2018  SP500 Nasdaq100 Dow Jones Mini Russell BitCoin Index
Resistance 3 2719.33 6810.00 24892 1574.40 8176.52
Resistance 2 2680.42 6699.25 24519 1553.60 7723.97
Resistance 1 2629.83 6548.00 24051 1524.20 7348.27
Pivot 2590.92 6437.25 23678 1503.40 6895.72
Support 1 2540.33 6286.00 23210 1474.00 6520.02
Support 2 2501.42 6175.25 22837 1453.20 6067.47
Support 3 2450.83 6024.00 22369 1423.80 5691.77
Contract June Gold May Silver May Crude Oil June  Bonds June  Euro
Resistance 3 1373.5 17.13 67.21 148  9/32 1.2473
Resistance 2 1361.3 16.91 66.31 147 22/32 1.2444
Resistance 1 1353.3 16.75 64.74 147  5/32 1.2408
Pivot 1341.1 16.53 63.84 146 18/32 1.2378
Support 1 1333.1 16.37 62.27 146  1/32 1.2342
Support 2 1320.9 16.15 61.37 145 14/32 1.2313
Support 3 1312.9 15.99 59.80 144 29/32 1.2277
Contract May  Corn May Wheat May Beans May SoyMeal May Nat Gas
Resistance 3 394.7 465.3 1067.92 398.37 2.85
Resistance 2 393.1 461.3 1061.33 394.03 2.80
Resistance 1 390.2 453.8 1048.42 385.67 2.74
Pivot 388.6 449.8 1041.83 381.33 2.69
Support 1 385.7 442.3 1028.9 373.0 2.6
Support 2 384.1 438.3 1022.33 368.63 2.59
Support 3 381.2 430.8 1009.42 360.27 2.52

Economic Reports, source: 

Date 3:54pm Currency Impact Detail Actual Forecast Previous Graph
TueApr 3  2:00am EUR
German Retail Sales m/m
0.7% -0.7%
3:00am EUR
Spanish Unemployment Change
-47.5K -6.3K
3:15am EUR
Spanish Manufacturing PMI
54.7 56.0
3:45am EUR
Italian Manufacturing PMI
55.6 56.8
3:50am EUR
French Final Manufacturing PMI
53.6 53.6
3:55am EUR
German Final Manufacturing PMI
58.4 58.4
4:00am EUR
Final Manufacturing PMI
56.6 56.6
Tentative USD
IBD/TIPP Economic Optimism
55.2 55.6
All Day USD
Total Vehicle Sales
16.9M 17.1M
4:30pm USD
FOMC Member Brainard Speaks

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   | Futures Trading  

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