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Trading Levels for 9.27.2018 + A look at Grains Report
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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Dear Traders,
| Market Movers Video |
|
Looking ahead to the September 28 Grain Stocks Report
|
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 | 140Â 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:Â
| Date | 4:10pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| ThuSep 27 | Â 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.
