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UK Outlook + Futures Trading levels for 11.16.2017

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,

UK: What to Expect from a Prime Minister Corbyn
By Erik Norland, Senior Economist, CME Group

Highlights
  • Theresa May’s tenure as UK Prime Minister on shaky ground
  • Pound could weaken further versus U.S. dollar if Brexit talks stall
  • If Brexit is abandoned, pound could rise against dollar, euro
  • Higher taxes under a Labour government could weaken the pound

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

11-16-2017

Contract December 2017  SP500 Nasdaq100 Dow Jones Mini Russell BitCoin Index
Resistance 3 2597.50 6360.92 23511 1489.23 8241.95
Resistance 2 2587.25 6327.83 23439 1479.97 7777.35
Resistance 1 2576.00 6296.92 23350 1471.63 7511.12
Pivot 2565.75 6263.83 23278 1462.37 7046.52
Support 1 2554.50 6232.92 23189 1454.03 6780.29
Support 2 2544.25 6199.83 23117 1444.77 6315.69
Support 3 2533.00 6168.92 23028 1436.43 6049.46
Contract December Gold Dec. Silver Dec. Crude Oil Dec.  Bonds Dec.  Euro
Resistance 3 1300.3 17.41 56.27 155 13/32 1.1937
Resistance 2 1295.2 17.31 55.91 154 27/32 1.1909
Resistance 1 1286.8 17.14 55.59 154 17/32 1.1861
Pivot 1281.7 17.04 55.23 153 31/32 1.1833
Support 1 1273.3 16.88 54.91 153 21/32 1.1785
Support 2 1268.2 16.78 54.55 153  3/32 1.1757
Support 3 1259.8 16.61 54.23 152 25/32 1.1709
Contract Dec.  Corn Dec. Wheat January Beans Dec. SoyMeal Dec. Nat Gas
Resistance 3 340.5 435.6 986.83 316.23 3.24
Resistance 2 339.8 431.7 982.42 314.77 3.20
Resistance 1 339.0 425.8 979.33 313.03 3.14
Pivot 338.3 421.9 974.92 311.57 3.10
Support 1 337.5 416.1 971.8 309.8 3.0
Support 2 336.8 412.2 967.42 308.37 3.00
Support 3 336.0 406.3 964.33 306.63 2.94

Economic Reports, source: 

http://app.bettertrader.co

Economic Reports - Thursday, November 16th

UK outlook + Futures Trading levels for tomorrow

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.

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