Trading Futures Spreads + Support & Resistance Levels 7.03.2018
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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Dear Traders,
Over my 20+ year career as a commodities broker, I have studied and traded a wide range of approaches to trading the futures markets. From candlestick formations to the commodity channel index, from condors to turtle trading, there’s an enormous catalog of tools and methods available for traders to consider.
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
07-03-2018
| Contract September 2018 | SP500 #ES_F | Nasdaq100 #NQ_F | Dow Jones #YM_F | Mini Russell #RTY_F | BitCoin Index #XBT_F |
| Resistance 3 | 2767.50 | 7294.42 | 24697 | 1694.87 | 7815.06 |
| Resistance 2 | 2748.00 | 7206.83 | 24510 | 1677.33 | 7242.59 |
| Resistance 1 | 2737.50 | 7162.67 | 24399 | 1668.37 | 6932.17 |
| Pivot | 2718.00 | 7075.08 | 24212 | 1650.83 | 6359.70 |
| Support 1 | 2707.50 | 7030.92 | 24101 | 1641.87 | 6049.28 |
| Support 2 | 2688.00 | 6943.33 | 23914 | 1624.33 | 5476.81 |
| Support 3 | 2677.50 | 6899.17 | 23803 | 1615.37 | 5166.39 |
| Contract | August Gold #GC_F | Sept. Silver #SI-F | Aug. Crude Oil #CL-F | Sept. Bonds #ZB_F | Sept. Euro #6E_F |
| Resistance 3 | 1266.5 | 16.49 | 76.51 | 145 30/32 | 1.1827 |
| Resistance 2 | 1261.1 | 16.34 | 75.43 | 145 21/32 | 1.1788 |
| Resistance 1 | 1251.5 | 16.11 | 74.67 | 145 7/32 | 1.1735 |
| Pivot | 1246.1 | 15.96 | 73.59 | 144 30/32 | 1.1695 |
| Support 1 | 1236.5 | 15.73 | 72.83 | 144 16/32 | 1.1642 |
| Support 2 | 1231.1 | 15.58 | 71.75 | 144 7/32 | 1.1603 |
| Support 3 | 1221.5 | 15.35 | 70.99 | 143 25/32 | 1.1550 |
| Contract | Dec. Corn #ZC_F | Sept. Wheat #ZW_F | Nov. Beans #ZS_F | Dec. SoyMeal #ZM_F | Aug. Nat Gas #NG_F |
| Resistance 3 | 377.6 | 521.7 | 895.92 | 338.90 | 2.98 |
| Resistance 2 | 373.7 | 513.1 | 889.33 | 335.80 | 2.96 |
| Resistance 1 | 366.3 | 496.7 | 879.42 | 331.70 | 2.91 |
| Pivot | 362.4 | 488.1 | 872.83 | 328.60 | 2.88 |
| Support 1 | 355.1 | 471.7 | 862.9 | 324.5 | 2.8 |
| Support 2 | 351.2 | 463.1 | 856.33 | 321.40 | 2.81 |
| Support 3 | 343.8 | 446.7 | 846.42 | 317.30 | 2.76 |
Economic Reports, source:
| Date | 3:32pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| MonJul 2 | 3:15am | EUR |
Spanish Manufacturing PMI
|
53.4 | 53.6 | 53.4 | |||
| 3:45am | EUR |
Italian Manufacturing PMI
|
53.3 | 52.6 | 52.7 | ||||
| 3:50am | EUR |
French Final Manufacturing PMI
|
52.5 | 53.1 | 53.1 | ||||
| 3:55am | EUR |
German Final Manufacturing PMI
|
55.9 | 55.9 | 55.9 | ||||
| 4:00am | EUR |
Final Manufacturing PMI
|
54.9 | 55.0 | 55.0 | ||||
| EUR |
Italian Monthly Unemployment Rate
|
10.7% | 11.1% | 11.0% | |||||
| 4:30am | GBP |
Manufacturing PMI
|
54.4 | 54.1 | 54.3 | ||||
| 5:00am | EUR |
Unemployment Rate
|
8.4% | 8.5% | 8.4% | ||||
| 9:45am | USD |
Final Manufacturing PMI
|
55.4 | 54.6 | 54.6 | ||||
| 10:00am | USD |
ISM Manufacturing PMI
|
60.2 | 58.2 | 58.7 | ||||
| USD |
Construction Spending m/m
|
0.4% | 0.5% | 0.9% | |||||
| USD |
ISM Manufacturing Prices
|
76.8 | 74.3 | 79.5 |
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.
