Posted By: Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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Wishing all of you a great trading month ahead!
Chart of the week….Orange Juice, daily chart along with some of the indicators I like to use as a “road map“:
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.
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Levels for Trade Date of 04.04.2017
|Contract June 2017||SP500||Nasdaq100||Dow Jones||Mini Russell||Dollar Index|
|Contract||June Gold||May Silver||May Crude Oil||June Bonds||June Euro|
|Resistance 3||1267.9||18.53||51.40||154 7/32||1.0766|
|Resistance 2||1261.9||18.41||51.11||153 8/32||1.0743|
|Resistance 1||1258.4||18.33||50.69||152 22/32||1.0727|
|Support 1||1248.9||18.13||49.98||151 5/32||1.0688|
|Support 2||1242.9||18.01||49.69||150 6/32||1.0665|
|Support 3||1239.4||17.93||49.27||149 20/32||1.0649|
|Contract||May Corn||May Wheat||May Beans||May SoyMeal||April Nat Gas|
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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.