Mini Dow Chart & Trading Levels 12.18.2018 - Support & Resistance Levels

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.

Mini Dow Chart & Trading Levels 12.18.2018


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Dear Traders,

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March is now the front month for most markets.
and many others.
You should not be trading ANY December contracts.
Ask your broker if not sure.
Post G20 and Brexit Endgame: Implications for Markets
By Blu Putnam, Chief Economist, CME Group
Post-G20 Market Implications for U.S-China Trade, Oil Prices
  • Could U.S.-China strike an extensive trade deal in Q1 2019 post G20 cease-fire?
  • Rising U.S. oil production could neutralize Saudi-Russia pact at G20 to curb crude output
  • Flattening yield curve, widening credit spreads could signal headwinds for U.S. economy
Brexit: Endgame in Sight?
  • Could Brexit debacle lead to a change in UK leadership, fresh elections?
  • If another Brexit referendum happens, will outcome be any different?
  • Prime Minister May will not lead Conservatives into the next elections
Daily chart of the cash Dow Jones Index below, very close to testing February lows. Needs to hold support/ lows in order to decrease a chance for even a BIGGER correction:
Fresh off the press is Cannon Trading’s new eBook! Written by our very own staff of brokers, this eBook is designed as a guide to the commodities market for both beginners and veterans alike. Inside you can find:
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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



Economic Reports, source: 

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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.

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