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- Good article: OPEC to Seek More Oil-Output Cuts from Nonmembers
- A good video on daytrading futures using overbought/oversold indicators (crude oil in this case): https://www.youtube.com/watch?v=qhP-mtpTvE4&t=27s
- Last but not least,
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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.
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Levels for Trade Date of 12.07.2016
| Contract Dec. 2016 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2227.00 | 4828.50 | 19329 | 1381.90 | 101.37 |
| Resistance 2 | 2219.50 | 4812.50 | 19286 | 1368.20 | 100.99 |
| Resistance 1 | 2215.25 | 4799.75 | 19262 | 1359.80 | 100.76 |
| Pivot | 2207.75 | 4783.75 | 19219 | 1346.10 | 100.39 |
| Support 1 | 2203.50 | 4771.00 | 19195 | 1337.70 | 100.16 |
| Support 2 | 2196.00 | 4755.00 | 19152 | 1324.00 | 99.78 |
| Support 3 | 2191.75 | 4742.25 | 19128 | 1315.60 | 99.55 |
| Contract | Feb. Gold | March Silver | Jan. Crude Oil | Mar. Bonds | Dec. Euro |
| Resistance 3 | 1184.5 | 17.11 | 52.78 | 151 23/32 | 1.0863 |
| Resistance 2 | 1180.8 | 17.03 | 52.19 | 151 11/32 | 1.0827 |
| Resistance 1 | 1175.5 | 16.90 | 51.46 | 150 28/32 | 1.0775 |
| Pivot | 1171.8 | 16.82 | 50.87 | 150 16/32 | 1.0739 |
| Support 1 | 1166.5 | 16.69 | 50.14 | 150 1/32 | 1.0688 |
| Support 2 | 1162.8 | 16.61 | 49.55 | 149 21/32 | 1.0652 |
| Support 3 | 1157.5 | 16.48 | 48.82 | 149 6/32 | 1.0600 |
| Contract | March Corn | March Wheat | Jan. Beans | March SoyMeal | Jan. Nat Gas |
| Resistance 3 | 368.7 | 418.2 | 1076.08 | 337.13 | 3.87 |
| Resistance 2 | 366.3 | 415.6 | 1068.92 | 332.57 | 3.80 |
| Resistance 1 | 363.4 | 411.2 | 1058.33 | 327.23 | 3.72 |
| Pivot | 361.1 | 408.6 | 1051.17 | 322.67 | 3.64 |
| Support 1 | 358.2 | 404.2 | 1040.6 | 317.3 | 3.6 |
| Support 2 | 355.8 | 401.6 | 1033.42 | 312.77 | 3.49 |
| Support 3 | 352.9 | 397.2 | 1022.83 | 307.43 | 3.40 |
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 3:23pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| WedDec 7 | 2:00am | EUR |
German Industrial Production m/m
|
0.9% | -1.8% | ||||
| 2:45am | EUR |
French Trade Balance
|
-4.2B | -4.8B | |||||
| 3:30am | GBP |
Halifax HPI m/m
|
0.2% | 1.4% | |||||
| 4:00am | EUR |
Italian Quarterly Unemployment Rate
|
11.6% | 11.5% | |||||
| 4:30am | GBP |
Manufacturing Production m/m
|
0.2% | 0.6% | |||||
| GBP |
Industrial Production m/m
|
0.2% | -0.4% | ||||||
| Tentative | GBP |
30-y Bond Auction
|
1.49|2.2 | ||||||
| 10:00am | GBP |
NIESR GDP Estimate
|
0.4% | ||||||
| USD |
JOLTS Job Openings
|
5.53M | 5.49M | ||||||
| 10:30am | USD |
Crude Oil Inventories
|
-0.9M | ||||||
| 3:00pm | USD |
Consumer Credit m/m
|
17.5B | 19.3B | |||||
| 7:01pm | GBP |
RICS House Price Balance
|
26% | 23% |
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.