OPEC Cuts & Levels for June 28th 2018 - Support & Resistance Levels

Support & Resistance Levels

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OPEC Cuts & Levels for June 28th 2018

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OPEC Decides to Raise Output: How Will U.S. Shale React? By Blu Putnam, Chief Economist, CME Group
Video Highlights
  • Post-OPEC price gains to encourage increased shale production
  • Production constraints could delay arrival of much of the shale oil until 2019
  • Fledgling trade war could put U.S. oil exports to China at risk
  • Expect more oil volatility post-OPEC, emerging trade wars

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

06-28-2018

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2781.33 7263.50 24920 1698.00 6365.59
Resistance 2 2764.67 7207.50 24742 1686.90 6262.95
Resistance 1 2734.33 7100.00 24435 1665.60 6201.56
Pivot 2717.67 7044.00 24257 1654.50 6098.92
Support 1 2687.33 6936.50 23950 1633.20 6037.53
Support 2 2670.67 6880.50 23772 1622.10 5934.89
Support 3 2640.33 6773.00 23465 1600.80 5873.50
Contract August Gold #GC_F July Silver #SI-F Aug. Crude Oil #CL-F Sept.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1269.2 16.65 75.95 146 10/32 1.1841
Resistance 2 1265.5 16.51 74.50 145 27/32 1.1793
Resistance 1 1259.5 16.31 73.45 145 17/32 1.1708
Pivot 1255.8 16.17 72.00 145  2/32 1.1660
Support 1 1249.8 15.97 70.95 144 24/32 1.1575
Support 2 1246.1 15.83 69.50 144  9/32 1.1527
Support 3 1240.1 15.63 68.45 143 31/32 1.1442
Contract July  Corn #ZC_F Sept. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F July Nat Gas #NG_F
Resistance 3 359.8 497.8 905.83 341.60 3.06
Resistance 2 358.2 495.0 901.67 339.10 3.03
Resistance 1 355.3 491.8 895.33 335.30 3.01
Pivot 353.7 489.0 891.17 332.80 2.97
Support 1 350.8 485.8 884.8 329.0 3.0
Support 2 349.2 483.0 880.67 326.50 2.92
Support 3 346.3 479.8 874.33 322.70 2.89

Economic Reports, source: 

http://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.

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