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Winter is Coming – Global Perspective on the Markets 1.18.2017

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*  Keep in mind that Crude Oil numbers WILL NOT come out tomorrow since Monday was a holiday ( MLK Day). The crude oil numbers will come out on Thursday at 8 AM pacific or 10 Am Central. Natural gas numbers will come out Thursday as well at 7:30 AM Pacific.

** Good read about what you need to look at from the fundamental/ global perspective for the next few weeks:  https://www.cannontrading.com/community/newsletter/Global-Market-Outlook-for-January-and-February-Trump-and-the-markets#two

** Please vote! the competition ends January 31st and you can vote every day, even if you voted before.

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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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Futures Trading Levels

Levels for Trade Date of 01.18.2017

Contract March 2017 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2282.83 5091.50 19953 1389.27 102.56
Resistance 2 2276.67 5075.25 19892 1380.63 102.09
Resistance 1 2269.58 5057.50 19821 1366.57 101.21
Pivot 2263.42 5041.25 19760 1357.93 100.74
Support 1 2256.33 5023.50 19689 1343.87 99.87
Support 2 2250.17 5007.25 19628 1335.23 99.40
Support 3 2243.08 4989.50 19557 1321.17 98.52
Contract Feb. Gold March Silver Feb. Crude Oil Mar. Bonds March   Euro
Resistance 3 1244.4 17.80 54.71 155 1.0923
Resistance 2 1231.6 17.52 54.11 154 14/32 1.0834
Resistance 1 1223.5 17.36 53.31 153 27/32 1.0782
Pivot 1210.7 17.08 52.71 153 9/32 1.0693
Support 1 1202.6 16.92 51.91 152 22/32 1.0640
Support 2 1189.8 16.64 51.31 152 4/32 1.0551
Support 3 1181.7 16.48 50.51 151 17/32 1.0499
Contract March Corn March Wheat Mar. Beans March SoyMeal Feb. Nat Gas
Resistance 3 371.8 443.2 1092.33 372.67 3.64
Resistance 2 369.2 440.3 1083.92 362.53 3.58
Resistance 1 367.3 436.9 1076.58 355.67 3.48
Pivot 364.7 434.1 1068.17 345.53 3.42
Support 1 362.8 430.7 1060.8 338.7 3.3
Support 2 360.2 427.8 1052.42 328.53 3.26
Support 3 358.3 424.4 1045.08 321.67 3.16

All times are Eastern time Zone (EST)

source:http://www.forexfactory.com/calendar.php

Date 3:02pm Currency Impact Detail Actual Forecast Previous Graph
WedJan 18  2:00am EUR
German Final CPI m/m
0.7% 0.7%
Day 2 ALL
WEF Annual Meetings
4:30am GBP
Average Earnings Index 3m/y
2.6% 2.5%
GBP
Claimant Count Change
4.6K 2.4K
GBP
Unemployment Rate
4.8% 4.8%
5:00am EUR
Final CPI y/y
1.1% 1.1%
EUR
Final Core CPI y/y
0.9% 0.9%
8:30am USD
CPI m/m
0.3% 0.2%
USD
Core CPI m/m
0.2% 0.2%
9:15am USD
Capacity Utilization Rate
75.6% 75.0%
USD
Industrial Production m/m
0.8% -0.4%
10:00am USD
NAHB Housing Market Index
69 70
11:00am USD
FOMC Member Kashkari Speaks
2:00pm USD
Beige Book
3:00pm USD
Fed Chair Yellen Speaks
4:00pm USD
TIC Long-Term Purchases
21.3B 9.4B
7:01pm GBP
RICS House Price Balance
32% 30%

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.

Tags: > Posted in: Future Trading News   | Futures Trading  

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