Posted By: Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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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.
Saudi Arabia: Turbulence on the Horizon?
- 21 Nov 2017
- By Erik Norland
- Topics: Economic Events
There is considerable change underway in Saudi Arabia, from how the country is governed and managed to an even more activist role in the politics of the volatile Middle East. Options markets, however, appear to be almost entirely unconcerned about recent developments in the country, the world’s largest exporter of crude oil and a key U.S. ally in the Middle East.
At-the-money implied volatility on West Texas Intermediate (WTI) Crude Oil options has been trading near its lowest point since late 2014 and is well below its long-term average. For example, on November 17, 90-day WTI options closed at 23% implied volatility, well below their 31% average so far this decade (Figure 1). Are markets too complacent in the face of potential political disruption in Saudi Arabia and its neighboring countries. READ THE REST
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
|Contract December 2017||SP500||Nasdaq100||Dow Jones||Mini Russell||BitCoin Index|
|Contract||Feb. Gold||Mar. Silver||Jan. Crude Oil||Mar. Bonds||Dec. Euro|
|Resistance 3||1312.5||17.27||59.77||155 4/32||1.1964|
|Resistance 2||1306.4||17.12||59.03||154 12/32||1.1930|
|Resistance 1||1297.2||16.86||58.22||153 8/32||1.1898|
|Support 1||1281.9||16.45||56.67||151 12/32||1.1831|
|Support 2||1275.8||16.30||55.93||150 20/32||1.1797|
|Support 3||1266.6||16.04||55.12||149 16/32||1.1765|
|Contract||Mar. Corn||Mar. Wheat||January Beans||Mar. SoyMeal||Jan. Nat Gas|
Economic Reports, source:
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