{"id":13743,"date":"2017-12-26T13:06:34","date_gmt":"2017-12-26T21:06:34","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=13743"},"modified":"2018-01-30T05:25:03","modified_gmt":"2018-01-30T13:25:03","slug":"crude-oil-futures-flirts-60-mark-first-time-30-months","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/crude-oil-futures-flirts-60-mark-first-time-30-months\/","title":{"rendered":"Crude Oil Futures Flirts with $60 Mark for First Time in Over 30 Months"},"content":{"rendered":"

____________________________________________________________________<\/em><\/strong><\/p>\n

Voted #1 Blog and #1 Brokerage Services on\u00a0TraderPlanet\u00a0<\/a>for 2016!!\u00a0\u00a0<\/em><\/strong><\/p>\n

____________________________________________________________________<\/em><\/strong><\/p>\n

Dear Traders,<\/p>\n

Trading was MUCH lighter today than normal…mini SP volume is normally above 1,000,000 contracts per day. Today volume was approx. 300000.<\/p>\n

I suspect the lower volume to continue until next Tuesday when we start trading for 2018.<\/p>\n

Don’t confuse low volume with “dead price action”. The lower volume can sometimes help exaggerate price moves when certain news or events take place.<\/p>\n

The market of today, was definitely crude oil (yes not bitcoin futures this time…). The front month, February touched 60.01 for the first time in
\nmonths, maybe couple of years…<\/p>\n

Daily chart for review below:<\/p>\n

\"Crude<\/p>\n

<\/p>\n

Good Trading!<\/strong><\/p>\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.\u00a0 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

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

12-27-2017<\/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 March 2017<\/td>\n\u00a0SP500<\/td>\nNasdaq100<\/td>\nDow Jones<\/td>\nMini Russell<\/td>\nBitCoin Index<\/td>\n<\/tr>\n
Resistance 3<\/td>\n2695.83<\/td>\n6550.50<\/td>\n24908<\/td>\n1558.63<\/td>\n18758.33<\/td>\n<\/tr>\n
Resistance 2<\/td>\n2692.67<\/td>\n6521.25<\/td>\n24853<\/td>\n1554.47<\/td>\n17447.08<\/td>\n<\/tr>\n
Resistance 1<\/td>\n2689.83<\/td>\n6490.75<\/td>\n24817<\/td>\n1551.73<\/td>\n16606.42<\/td>\n<\/tr>\n
Pivot<\/td>\n2686.67<\/td>\n6461.50<\/td>\n24762<\/td>\n1547.57<\/td>\n15295.17<\/td>\n<\/tr>\n
Support 1<\/td>\n2683.83<\/td>\n6431.00<\/td>\n24726<\/td>\n1544.83<\/td>\n14454.51<\/td>\n<\/tr>\n
Support 2<\/td>\n2680.67<\/td>\n6401.75<\/td>\n24671<\/td>\n1540.67<\/td>\n13143.26<\/td>\n<\/tr>\n
Support 3<\/td>\n2677.83<\/td>\n6371.25<\/td>\n24635<\/td>\n1537.93<\/td>\n12302.60<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nFeb. Gold<\/td>\nMar. Silver<\/td>\nFeb. Crude Oil<\/td>\nMar.\u00a0 Bonds<\/td>\nMar.\u00a0 Euro<\/td>\n<\/tr>\n
Resistance 3<\/td>\n1302.2<\/td>\n16.99<\/td>\n62.10<\/td>\n152 22\/32<\/td>\n1.1997<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1295.3<\/td>\n16.81<\/td>\n61.05<\/td>\n152\u00a0 8\/32<\/td>\n1.1979<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1291.5<\/td>\n16.71<\/td>\n60.41<\/td>\n151 27\/32<\/td>\n1.1959<\/td>\n<\/tr>\n
Pivot<\/td>\n1284.6<\/td>\n16.54<\/td>\n59.36<\/td>\n151 13\/32<\/td>\n1.1941<\/td>\n<\/tr>\n
Support 1<\/td>\n1280.8<\/td>\n16.44<\/td>\n58.72<\/td>\n151<\/td>\n1.1921<\/td>\n<\/tr>\n
Support 2<\/td>\n1273.9<\/td>\n16.26<\/td>\n57.67<\/td>\n150 18\/32<\/td>\n1.1903<\/td>\n<\/tr>\n
Support 3<\/td>\n1270.1<\/td>\n16.16<\/td>\n57.03<\/td>\n150\u00a0 5\/32<\/td>\n1.1883<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nMar.\u00a0 Corn<\/td>\nMar. Wheat<\/td>\nMarch Beans<\/td>\nMar. SoyMeal<\/td>\nFeb. Nat Gas<\/td>\n<\/tr>\n
Resistance 3<\/td>\n355.9<\/td>\n431.8<\/td>\n986.33<\/td>\n324.97<\/td>\n2.86<\/td>\n<\/tr>\n
Resistance 2<\/td>\n354.6<\/td>\n429.3<\/td>\n980.17<\/td>\n323.13<\/td>\n2.81<\/td>\n<\/tr>\n
Resistance 1<\/td>\n353.7<\/td>\n425.8<\/td>\n975.33<\/td>\n321.27<\/td>\n2.73<\/td>\n<\/tr>\n
Pivot<\/td>\n352.3<\/td>\n423.3<\/td>\n969.17<\/td>\n319.43<\/td>\n2.68<\/td>\n<\/tr>\n
Support 1<\/td>\n351.4<\/td>\n419.8<\/td>\n964.3<\/td>\n317.6<\/td>\n2.6<\/td>\n<\/tr>\n
Support 2<\/td>\n350.1<\/td>\n417.3<\/td>\n958.17<\/td>\n315.73<\/td>\n2.55<\/td>\n<\/tr>\n
Support 3<\/td>\n349.2<\/td>\n413.8<\/td>\n953.33<\/td>\n313.87<\/td>\n2.47<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Economic Reports, source:\u00a0<\/strong><\/p>\n

http:\/\/app.bettertrader.co<\/a><\/strong><\/p>\n

\"Economic<\/p>\n

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\u00a0here in\u00a0contained are derived from sources believed to be\u00a0reliable,\u00a0but are not guaranteed as to\u00a0accuracy, 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\u00a0judgement\u00a0in trading.<\/p>\n","protected":false},"excerpt":{"rendered":"

____________________________________________________________________ Voted #1 Blog and #1 Brokerage Services on\u00a0TraderPlanet\u00a0for 2016!!\u00a0\u00a0 ____________________________________________________________________ Dear Traders, Trading was MUCH lighter today than normal…mini SP volume is normally above 1,000,000 contracts per day. Today volume was approx. 300000. I suspect the lower volume to continue until next Tuesday when we start trading for 2018. Don’t confuse low volume with […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[119],"tags":[51,350,144],"class_list":["post-13743","post","type-post","status-publish","format-standard","hentry","category-crude-oil","tag-crude-oil-futures","tag-economic-reports","tag-futures-trading-levels"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/13743","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=13743"}],"version-history":[{"count":5,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/13743\/revisions"}],"predecessor-version":[{"id":13890,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/13743\/revisions\/13890"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=13743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=13743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=13743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}