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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,

Front month for Silver and most grains is now March.

Front month for gold is now February.

Front month for bonds and other interest futures is now March 2018. 

Today was the last trading day of the month and we witnessed some high volatility in crude, gold, coffee to name a few. Take notes in your journal and keep in mind that the first trading day of the month can also be volatile….

Last but not least…How to open a Bitcoin futures trading account:

We got calls and inquiries about trading Bitcoin futures.

If you already have an account with us, you simply need to make sure it is active and funded and as soon as the CFTC approves the new product and CME launches trading, we will update the trading platforms and you will be able to trade Bitcoin futures.

Keep in mind that we are still waiting for information regarding margins/day trading margins etc.

You should be able to trade, day trade and trade options on bitcoin futures as long as you have the proper margin in the account.

We are “guestemating ” that overnight margins will be around $20,000 and that daytrading margins will be somewhere between $2500 to $10,000. This is a rough estimate and we will know more once CFTC approval goes through.

If you don’t have an account set up with us, all you need to do is fill out the online application  get the account approved, fund the account, practice in demo mode to get familiar with the platform and everything I wrote above will apply to you….

If you have ANY questions, feel free to call, chat or contact us!

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

12-01-2017

Contract December 2017  SP500 Nasdaq100 Dow Jones Mini Russell BitCoin Index
Resistance 3 2696.33 6481.17 24851 1566.50 12067.21
Resistance 2 2677.42 6429.33 24589 1560.20 11387.08
Resistance 1 2659.58 6392.67 24415 1551.40 10499.21
Pivot 2640.67 6340.83 24153 1545.10 9819.08
Support 1 2622.83 6304.17 23979 1536.30 8931.21
Support 2 2603.92 6252.33 23717 1530.00 8251.08
Support 3 2586.08 6215.67 23543 1521.20 7363.21
Contract Feb. Gold Mar. Silver Jan. Crude Oil Mar.  Bonds Dec.  Euro
Resistance 3 1302.1 16.90 59.11 153 15/32 1.2090
Resistance 2 1295.3 16.76 58.54 152 26/32 1.2016
Resistance 1 1286.8 16.62 57.95 152  9/32 1.1966
Pivot 1280.0 16.48 57.38 151 20/32 1.1892
Support 1 1271.5 16.34 56.79 151  3/32 1.1843
Support 2 1264.7 16.20 56.22 150 14/32 1.1769
Support 3 1256.2 16.06 55.63 149 29/32 1.1719
Contract Mar.  Corn Mar. Wheat January Beans Mar. SoyMeal Jan. Nat Gas
Resistance 3 362.8 446.3 997.58 338.03 3.34
Resistance 2 359.9 442.7 994.92 334.17 3.27
Resistance 1 357.8 437.8 990.33 330.33 3.15
Pivot 354.9 434.2 987.67 326.47 3.08
Support 1 352.8 429.3 983.1 322.6 3.0
Support 2 349.9 425.7 980.42 318.77 2.89
Support 3 347.8 420.8 975.83 314.93 2.78

Economic Reports, source: 

http://app.bettertrader.co

Economic Reports - Friday, December 1st

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: Bitcoin Futures   | Future Trading News  

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