Posted By: Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!
The following information published by the CME is quite interesting and may offer some longer term insight for those who are not too lazy to explore…..
On a different note:
Unleaded Gasoline is at decision point between the longer term downtrend and the shorter term bounce. Daily chart for your review below:
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
|Contract September 2017||SP500||Nasdaq100||Dow Jones||Mini Russell||Dollar Index|
|Contract||August Gold||Sept. Silver||August Crude Oil||Sept. Bonds||Sept. Euro|
|Resistance 3||1230.1||16.17||47.84||154 20/32||1.1574|
|Resistance 2||1226.8||16.06||47.06||153 31/32||1.1534|
|Resistance 1||1222.1||15.87||46.55||153 5/32||1.1488|
|Support 1||1214.1||15.58||45.26||151 22/32||1.1403|
|Support 2||1210.8||15.47||44.48||151 1/32||1.1363|
|Support 3||1206.1||15.28||43.97||150 7/32||1.1317|
|Contract||Sept. Corn||Sept. Wheat||November Beans||Dec. SoyMeal||Aug. Nat Gas|
Economic Reports, source:
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.