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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,
There will be no market commentary today. Read full article to see trading levels and economic reports for Thursday, May 3rd 2018.

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

5-3-2018 

Contract June 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2678.67 6792.67 24343 1587.70 9399.51
Resistance 2 2668.58 6761.08 24240 1577.90 9291.57
Resistance 1 2649.17 6699.67 24040 1566.10 9198.44
Pivot 2639.08 6668.08 23937 1556.30 9090.50
Support 1 2619.67 6606.67 23737 1544.50 8997.37
Support 2 2609.58 6575.08 23634 1534.70 8889.43
Support 3 2590.17 6513.67 23434 1522.90 8796.30
Contract June Gold #GC_F May Silver #SI-F June Crude Oil #CL-F June  Bonds  #ZB_F June  Euro #6E_F
Resistance 3 1322.8 16.98 69.48 144  5/32 1.2138
Resistance 2 1318.8 16.77 68.81 143 27/32 1.2105
Resistance 1 1312.2 16.59 68.26 143 14/32 1.2044
Pivot 1308.2 16.38 67.59 143  4/32 1.2010
Support 1 1301.6 16.20 67.04 142 23/32 1.1949
Support 2 1297.6 15.99 66.37 142 13/32 1.1916
Support 3 1291.0 15.81 65.82 142 1.1855
Contract July  Corn #ZC_F July Wheat #ZW_F July Beans #ZS_F July SoyMeal #ZM_F May Nat Gas #NG_F
Resistance 3 408.8 547.3 1061.33 412.50 2.86
Resistance 2 407.5 540.9 1056.17 409.50 2.84
Resistance 1 406.3 533.8 1049.58 405.10 2.80
Pivot 405.0 527.4 1044.42 402.10 2.77
Support 1 403.8 520.3 1037.8 397.7 2.7
Support 2 402.5 513.9 1032.67 394.70 2.71
Support 3 401.3 506.8 1026.08 390.30 2.67

Source: http://forexfactory.com

Economic Reports

Date 3:57pm Currency Impact Detail Actual Forecast Previous Graph
ThuMay 3  3:00am EUR
Spanish Unemployment Change
-100.2K -47.7K
4:30am GBP
Services PMI
53.5 51.7
5:00am EUR
CPI Flash Estimate y/y
1.3% 1.3%
EUR
Core CPI Flash Estimate y/y
0.9% 1.0%
EUR
PPI m/m
0.1% 0.1%
Tentative EUR
Spanish 10-y Bond Auction
1.24|1.3
Tentative EUR
French 10-y Bond Auction
0.74|1.9
7:30am USD
Challenger Job Cuts y/y
39.4%
8:30am USD
Prelim Nonfarm Productivity q/q
0.9% 0.0%
USD
Prelim Unit Labor Costs q/q
3.1% 2.5%
USD
Unemployment Claims
225K 209K
USD
Trade Balance
-50.0B -57.6B
9:45am USD
Final Services PMI
54.4 54.4
10:00am USD
ISM Non-Manufacturing PMI
58.1 58.8
USD
Factory Orders m/m
1.3% 1.2%
10:30am USD
Natural Gas Storage
47B -18B

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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