{"id":11575,"date":"2016-08-25T12:18:28","date_gmt":"2016-08-25T20:18:28","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=11575"},"modified":"2016-08-25T22:35:49","modified_gmt":"2016-08-26T06:35:49","slug":"crude-oil-outlook-8-26-2016","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/crude-oil-outlook-8-26-2016\/","title":{"rendered":"Crude Oil Outlook 8.26.2016"},"content":{"rendered":"

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.
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\n\"Like<\/a>\"Follow<\/a>\"View<\/a>\"Find<\/a>\"Cannon<\/a>\"Find<\/a><\/p>\n

1. Market Commentary<\/a><\/strong>
\n2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index<\/a><\/strong>
\n3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds<\/a><\/strong>
\n4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver<\/a><\/strong>
\n5. Futures Economic Reports for Friday\u00a0August 26, 20<\/a><\/strong>16<\/strong><\/a><\/p>\n

Hello Traders,<\/strong><\/p>\n

Greetings!<\/p>\n

Crude Oil Futures Are Reaching a Decision Point<\/strong>
\nI like the potential of being bullish on crude oil futures for next few weeks! Here are a few ways you can do this:<\/em><\/p>\n

\"\"<\/p>\n

\n

Crude oil futures\u00a0have been providing quite a bit of excitement the last few months. Most traders, myself included, like excitement when it comes to trading. It means two things: opportunities and risks.<\/p>\n

The recent pullback in crude oil future prices present a buying opportunity, in my opinion.<\/p>\n

Looking at the daily chart of crude oil below, you will see that I marked what I feel should be a support level for resumption of the upside move.<\/p>\n

Read the Rest of the article along with charts here<\/a><\/p>\n<\/div>\n

<\/p>\n

GOOD TRADING<\/strong><\/p>\n

\n

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.<\/p>\n

If you like Our Futures Trading<\/a> Daily Support and Resistance Levels, Please share!<\/strong><\/p>\n<\/div>\n

Futures Trading Levels<\/a><\/strong><\/p>\n

Levels for Trade Date of\u00a0 8.26.2016<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Contract Sept. 2016<\/td>\nSP500<\/td>\nNasdaq100<\/td>\nDow Jones<\/td>\nMini Russell<\/td>\nDollar Index<\/td>\n<\/tr>\n
Resistance 3<\/td>\n2187.75<\/td>\n4820.33<\/td>\n18563<\/td>\n1255.83<\/td>\n95.07<\/td>\n<\/tr>\n
Resistance 2<\/td>\n2182.50<\/td>\n4807.17<\/td>\n18524<\/td>\n1249.47<\/td>\n94.94<\/td>\n<\/tr>\n
Resistance 1<\/td>\n2178.00<\/td>\n4794.58<\/td>\n18484<\/td>\n1244.53<\/td>\n94.83<\/td>\n<\/tr>\n
Pivot<\/td>\n2172.75<\/td>\n4781.42<\/td>\n18445<\/td>\n1238.17<\/td>\n94.69<\/td>\n<\/tr>\n
Support 1<\/td>\n2168.25<\/td>\n4768.83<\/td>\n18405<\/td>\n1233.23<\/td>\n94.58<\/td>\n<\/tr>\n
Support 2<\/td>\n2163.00<\/td>\n4755.67<\/td>\n18366<\/td>\n1226.87<\/td>\n94.45<\/td>\n<\/tr>\n
Support 3<\/td>\n2158.50<\/td>\n4743.08<\/td>\n18326<\/td>\n1221.93<\/td>\n94.34<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nDec. Gold<\/td>\nSept. Silver<\/td>\nOct. Crude Oil<\/td>\nSept. Bonds<\/td>\nSept. \u00a0 Euro<\/td>\n<\/tr>\n
Resistance 3<\/td>\n1339.3<\/td>\n18.78<\/td>\n48.76<\/td>\n173 19\/32<\/td>\n1.1348<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1334.8<\/td>\n18.70<\/td>\n48.11<\/td>\n173 2\/32<\/td>\n1.1328<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1330.1<\/td>\n18.60<\/td>\n47.72<\/td>\n172 11\/32<\/td>\n1.1309<\/td>\n<\/tr>\n
Pivot<\/td>\n1325.6<\/td>\n18.52<\/td>\n47.07<\/td>\n171 26\/32<\/td>\n1.1289<\/td>\n<\/tr>\n
Support 1<\/td>\n1320.9<\/td>\n18.42<\/td>\n46.68<\/td>\n171 3\/32<\/td>\n1.1271<\/td>\n<\/tr>\n
Support 2<\/td>\n1316.4<\/td>\n18.34<\/td>\n46.03<\/td>\n170 18\/32<\/td>\n1.1251<\/td>\n<\/tr>\n
Support 3<\/td>\n1311.7<\/td>\n18.24<\/td>\n45.64<\/td>\n169 27\/32<\/td>\n1.1232<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nDec. Corn<\/td>\nDec. Wheat<\/td>\nNov. Beans<\/td>\nDec. SoyMeal<\/td>\nOct. Nat Gas<\/td>\n<\/tr>\n
Resistance 3<\/td>\n340.9<\/td>\n431.4<\/td>\n1015.33<\/td>\n334.87<\/td>\n3.05<\/td>\n<\/tr>\n
Resistance 2<\/td>\n338.8<\/td>\n429.6<\/td>\n1007.17<\/td>\n331.53<\/td>\n2.97<\/td>\n<\/tr>\n
Resistance 1<\/td>\n335.4<\/td>\n426.7<\/td>\n991.33<\/td>\n325.17<\/td>\n2.93<\/td>\n<\/tr>\n
Pivot<\/td>\n333.3<\/td>\n424.8<\/td>\n983.17<\/td>\n321.83<\/td>\n2.85<\/td>\n<\/tr>\n
Support 1<\/td>\n329.9<\/td>\n421.9<\/td>\n967.3<\/td>\n315.5<\/td>\n2.8<\/td>\n<\/tr>\n
Support 2<\/td>\n327.8<\/td>\n420.1<\/td>\n959.17<\/td>\n312.13<\/td>\n2.74<\/td>\n<\/tr>\n
Support 3<\/td>\n324.4<\/td>\n417.2<\/td>\n943.33<\/td>\n305.77<\/td>\n2.69<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

source:http:\/\/www.forexfactory.com\/calendar.php<\/a><\/strong><\/p>\n

All times are Eastern time Zone (EST<\/a>)<\/strong><\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Date<\/th>\n4:16pm<\/a><\/th>\nCurrency<\/th>\nImpact<\/th>\n<\/th>\nDetail<\/th>\nActual<\/th>\nForecast<\/th>\nPrevious<\/th>\nGraph<\/th>\n<\/tr>\n<\/thead>\n
<\/td>\n<\/tr>\n
FriAug 26<\/span><\/td>\n<\/a>\u00a02:00am<\/span><\/td>\nEUR<\/td>\n<\/td>\n\n
GfK German Consumer Climate<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n10.2<\/td>\n10.0<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n4:00am<\/td>\nEUR<\/td>\n<\/td>\n\n
M3 Money Supply y\/y<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n5.0%<\/td>\n5.0%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\n\n
Private Loans y\/y<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n1.8%<\/td>\n1.7%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n4:30am<\/td>\nGBP<\/td>\n<\/td>\n\n
Second Estimate GDP q\/q<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.6%<\/td>\n0.6%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nGBP<\/td>\n<\/td>\n\n
Prelim Business Investment q\/q<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n-0.9%<\/td>\n-0.6%<\/span><\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nGBP<\/td>\n<\/td>\n\n
Index of Services 3m\/3m<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.4%<\/td>\n0.3%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n8:30am<\/td>\nUSD<\/td>\n<\/td>\n\n
Prelim GDP q\/q<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n1.1%<\/td>\n1.2%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\n\n
Goods Trade Balance<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n-62.3B<\/td>\n-63.3B<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\n\n
Prelim GDP Price Index q\/q<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n2.2%<\/td>\n2.2%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n10:00am<\/td>\nUSD<\/td>\n<\/td>\n\n
Fed Chair Yellen Speaks<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\n\n
Revised UoM Consumer Sentiment<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n90.6<\/td>\n90.4<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\n\n
Revised UoM Inflation Expectations<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n<\/td>\n2.5%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\nAll Day<\/td>\nALL<\/td>\n<\/td>\n\n
Jackson Hole Symposium<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc<\/a>. 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.<\/h3>\n","protected":false},"excerpt":{"rendered":"

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed. 1. Market Commentary 2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index 3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds 4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver 5. […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[119,67],"tags":[357,51,997],"class_list":["post-11575","post","type-post","status-publish","format-standard","hentry","category-crude-oil","category-future-trading-news","tag-crude-oil-2","tag-crude-oil-futures","tag-crude-oil-outlook"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/11575","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/comments?post=11575"}],"version-history":[{"count":4,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/11575\/revisions"}],"predecessor-version":[{"id":11581,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/11575\/revisions\/11581"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=11575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=11575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=11575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}