Weekly Futures Crude Number, Economic Reports & Levels 10-23-2014
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
Hello Traders,
For 2014 I would like to wish all of you discipline and patience in your trading!
Weekly crude numbers for WTI from EIA for 28 years .
Wealth of information for review if you are a crude oil/ energy trader!
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=rwtc&f=w
Trading myopothy blinds many traders so from time to time it is important to step back, take a deep breath and look at the price action from longer time frames” The action to the downside in the Crude oil market has been nothing short of breathtaking. ….
the longer term view(s) can illustrate ( on this chart supplied by U.S. Energy Information Administration). That deeper sell offs and more volatile market moves could continue for some time .
Weekly chart for your review below:
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. Past performance is not indicative to future results.
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Futures Trading Levels
| Contract Dec. 2014 | SP500 | Nasdaq100 | Dow Jones | Mini Russell |
| Resistance 3 | 1961.42 | 4016.00 | 16753 | 1130.57 |
| Resistance 2 | 1952.58 | 3999.50 | 16675 | 1122.63 |
| Resistance 1 | 1937.92 | 3972.50 | 16538 | 1108.27 |
| Pivot | 1929.08 | 3956.00 | 16460 | 1100.33 |
| Support 1 | 1914.42 | 3929.00 | 16323 | 1085.97 |
| Support 2 | 1905.58 | 3912.50 | 16245 | 1078.03 |
| Support 3 | 1890.92 | 3885.50 | 16108 | 1063.67 |
| Contract | December Gold | Dec.Silver | Dec. Crude Oil | Dec. Bonds |
| Resistance 3 | 1257.2 | 17.84 | 85.22 | 144 9/32 |
| Resistance 2 | 1253.7 | 17.69 | 84.18 | 143 25/32 |
| Resistance 1 | 1247.8 | 17.42 | 82.29 | 143 4/32 |
| Pivot | 1244.3 | 17.27 | 81.25 | 142 20/32 |
| Support 1 | 1238.4 | 17.00 | 79.36 | 141 31/32 |
| Support 2 | 1234.9 | 16.85 | 78.32 | 141 15/32 |
| Support 3 | 1229.0 | 16.58 | 76.43 | 140 26/32 |
| Contract | Dec Corn | Dec. Wheat | Nov. Beans | Dec. SoyMeal |
| Resistance 3 | 365.7 | 523.0 | 992.67 | 367.33 |
| Resistance 2 | 362.8 | 522.8 | 985.58 | 360.47 |
| Resistance 1 | 357.9 | 522.5 | 974.17 | 349.23 |
| Pivot | 355.1 | 522.3 | 967.08 | 342.37 |
| Support 1 | 350.2 | 522.0 | 955.7 | 331.1 |
| Support 2 | 347.3 | 521.8 | 948.58 | 324.27 |
| Support 3 | 342.4 | 521.5 | 937.17 | 313.03 |
source: http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 10:21am | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| ThuOct 23 | 3:00am | EUR | French Flash Manufacturing PMI | 47.3 | 48.6 | 48.8 | |||
| EUR | French Flash Services PMI | 48.1 | 48.2 | 48.4 | |||||
| EUR | Spanish Unemployment Rate | 23.7% | 24.1% | 24.5% | |||||
| 3:30am | EUR | German Flash Manufacturing PMI | 51.8 | 49.6 | 49.9 | ||||
| EUR | German Flash Services PMI | 54.8 | 55.0 | 55.7 | |||||
| 4:00am | EUR | Flash Manufacturing PMI | 50.7 | 50.0 | 50.3 | ||||
| EUR | Flash Services PMI | 52.4 | 52.0 | 52.4 | |||||
| Day 1 | EUR | EU Economic Summit | |||||||
| 8:30am | USD | Unemployment Claims | 283K | 269K | 266K | ||||
| 9:00am | USD | HPI m/m | 0.5% | 0.4% | 0.2% | ||||
| 9:45am | USD | Flash Manufacturing PMI | 56.2 | 57.2 | 57.5 | ||||
| 10:00am | EUR | Consumer Confidence | -11 | -12 | -11 | ||||
| USD | CB Leading Index m/m | 0.8% | 0.8% | 0.0% | |||||
| 10:30am | USD | Natural Gas Storage | 97B | 94B |
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 judgment in trading.
