Trading Levels for 9.27.2018 + A look at Grains Report

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Market Movers Video
Looking ahead to the September 28 Grain Stocks Report
What does building inflation potential mean for the grain markets?

In this video, Dave Hightower, Founding Principal of The Hightower Report, and Dan Basse, President of AgResource Company discuss this and more in their preview of the September 28Grain Stocks report. Are there signs that we’re stepping into a demand-led market?

  • USDA recently adjusted wheat and corn stocks down, but the new trend points USDA revising demand upward again.
  • Wheat stocks are projected at 935 million bushels for the 2018 and 2019 season, higher than normal – how will that impact pricing going forward?

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

09-27-2018

 

Contract December 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2957.17 7735.50 26828 1737.53 6722.75
Resistance 2 2946.58 7701.75 26728 1728.47 6631.26
Resistance 1 2928.67 7645.00 26570 1711.13 6560.66
Pivot 2918.08 7611.25 26470 1702.07 6469.17
Support 1 2900.17 7554.50 26312 1684.73 6398.57
Support 2 2889.58 7520.75 26212 1675.67 6307.08
Support 3 2871.67 7464.00 26054 1658.33 6236.48
Contract December Gold #GC_F Dec. Silver #SI-F Nov. Crude Oil #CL-F Dec.  Bonds  #ZB_F Dec.  Euro #6E_F
Resistance 3 1218.2 14.72 73.37 141 27/32 1.1932
Resistance 2 1212.5 14.63 72.87 141 10/32 1.1904
Resistance 1 1205.9 14.51 72.46 141 1.1858
Pivot 1200.2 14.43 71.96 140 15/32 1.1830
Support 1 1193.6 14.31 71.55 140  5/32 1.1784
Support 2 1187.9 14.22 71.05 139 20/32 1.1756
Support 3 1181.3 14.10 70.64 139 10/32 1.1710
Contract Dec.  Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Nov. Nat Gas #NG_F
Resistance 3 368.3 534.3 861.58 315.27 3.13
Resistance 2 366.5 530.7 857.67 313.83 3.10
Resistance 1 364.8 524.1 853.83 312.37 3.04
Pivot 363.0 520.4 849.92 310.93 3.00
Support 1 361.3 513.8 846.1 309.5 2.9
Support 2 359.5 510.2 842.17 308.03 2.91
Support 3 357.8 503.6 838.33 306.57 2.85

Economic Reports, source: 

www.forexfactory.com

Date 4:10pm Currency Impact Detail Actual Forecast Previous Graph
ThuSep 27  2:00am EUR
German GfK Consumer Climate
10.6 10.5
All Day EUR
German Prelim CPI m/m
0.1% 0.1%
4:00am EUR
M3 Money Supply y/y
3.8% 4.0%
EUR
ECB Economic Bulletin
EUR
Private Loans y/y
3.1% 3.0%
Tentative EUR
Italian 10-y Bond Auction
3.25|1.4
8:30am USD
Core Durable Goods Orders m/m
0.4% 0.1%
USD
Final GDP q/q
4.2% 4.2%
USD
Durable Goods Orders m/m
1.9% -1.7%
USD
Final GDP Price Index q/q
3.0% 3.0%
USD
Goods Trade Balance
-70.6B -72.0B
USD
Prelim Wholesale Inventories m/m
0.3% 0.6%
USD
Unemployment Claims
208K 201K
9:30am EUR
ECB President Draghi Speaks
10:00am USD
Pending Home Sales m/m
-0.2% -0.7%
10:30am USD
Natural Gas Storage
64B 86B
4:30pm USD
Fed Chair Powell Speaks
7:01pm GBP
GfK Consumer Confidence
-8 -7

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.

Posted in: Future Trading News  

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