Quadruple Witching + Futures Trading Levels 6.17.2022 - 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.

Quadruple Witching + Futures Trading Levels 6.17.2022

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After starting with a mildly positive tone following yesterday’s Fed 0.75% rate hike – the biggest U.S. rate hike in 22 years – global markets have turned sharply to the downside. The turning point likely came with a surprise 0.50% rate hike by the Swiss National Bank – the first rate hike in 15 years from a central bank with a long-standing dovish policy stance. That increased market anxiety over how entrenched rising inflation has become around the globe.
On a daily basis, U.S. stock indexes have attained oversold status, so an occasional flight-to-quality issue might provide some temporary support. Take into account that the markets remain in a steep downtrend as investors brace for a possible recession and sellers could remain active with so much anxiety and uncertainty.
August Crude Oil is now FRONT MONTH.
Juneteenth Trading Schedule: Markets will observe modified trading hours this Monday in observance of Juneteenth. Click the LINK for more info.
Rollover Notice: September is now the front month for Stock Index futures like E-mini and Micro S&P, Nasdaq, Dow Jones and Russell 2000 etc. as well as for financials like ZB and ZN and currencies as well, like 6E, 6B etc.
Click the LINK for more info.
June stock index futures will settle into cash on Friday morning right around the open.

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 when it comes to Futures Trading.

Futures Trading Levels




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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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