Weekly Futures Crude Number, Economic Reports & Levels 10-23-2014

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.

 

If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

 


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
Economic Reports

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.

Tags: > > Posted in: Crude Oil   | Future Trading News  

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