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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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Market Movers Video
Looking ahead to the February 8 Crop Report

Industry experts Dave Hightower, Founding Principal of The Hightower Report, and Dan Basse, President of AgResource Company, preview the February 8 USDA report discussing corn and soybean yields in advance of its publication.

watch video

On a different note and due to the crazy/historical volatility we are witnessing in stock indices, please read what I wrote yesterday once more:

The last few days volatility reminds me of 2008 days….I am not implying that this is what will happen but as far as volatility, risk and sharp market moves – Make sure you are aware and understand the environment we are in. This is NOT the same market personality from the past few months.

My advice when volatility picks up like this is: reduce trading size. Widen your “bands” understand what risk you are willing to take and trade accordingly.

Another thing to keep in mind is: LIMIT MOVES.

I recommend taking a few minutes and reading more about it ( especially if you trading stock indices) at:

http://www.cmegroup.com/trading/equity-index/faq-sp-500-price-limits.html

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

2-07-2018 

Contract March 2018  SP500 Nasdaq100 Dow Jones Mini Russell BitCoin Index
Resistance 3 2926.75 7230.42 27286 1647.10 10086.67
Resistance 2 2813.25 6953.33 26088 1580.30 8928.33
Resistance 1 2756.00 6814.42 25484 1545.40 8286.67
Pivot 2642.50 6537.33 24286 1478.60 7128.33
Support 1 2585.25 6398.42 23682 1443.70 6486.67
Support 2 2471.75 6121.33 22484 1376.90 5328.33
Support 3 2414.50 5982.42 21880 1342.00 4686.67
Contract Apr. Gold Mar. Silver Mar. Crude Oil Mar.  Bonds Mar.  Euro
Resistance 3 1368.6 17.25 65.32 149  6/32 1.2587
Resistance 2 1359.0 17.10 64.80 148 15/32 1.2527
Resistance 1 1342.1 16.83 64.15 147 1.2465
Pivot 1332.5 16.69 63.63 146  9/32 1.2405
Support 1 1315.6 16.42 62.98 144 26/32 1.2344
Support 2 1306.0 16.27 62.46 144  3/32 1.2284
Support 3 1289.1 16.00 61.81 142 20/32 1.2222
Contract Mar.  Corn Mar. Wheat March Beans Mar. SoyMeal Mar. Nat Gas
Resistance 3 370.3 455.8 1002.42 342.13 2.89
Resistance 2 367.2 451.8 994.58 337.97 2.84
Resistance 1 365.3 449.0 990.42 334.83 2.80
Pivot 362.2 445.0 982.58 330.67 2.75
Support 1 360.3 442.3 978.4 327.5 2.7
Support 2 357.2 438.3 970.58 323.37 2.66
Support 3 355.3 435.5 966.42 320.23 2.62

Economic Reports, source: 

http://app.bettertrader.co

Economic Reports - February 7th, 2018

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: Future Trading News  

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Watch 4 short videos on the topics of:
  • Using Bollinger Bands and Parabolics
  • Using range Bars for Day-Trading
  • The concept of Price Confirmation
  • How to Use Support & Resistance Levels
  • License 3 Broker at your Fingertips
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