{"id":1851,"date":"2011-08-16T23:28:24","date_gmt":"2011-08-16T23:28:24","guid":{"rendered":"http:\/\/www.cannontrading.com\/daily\/?p=1851"},"modified":"2014-09-11T02:23:24","modified_gmt":"2014-09-11T10:23:24","slug":"futures-trading-levels-resistance-at-the-fibonacci-level","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/futures-trading-levels-resistance-at-the-fibonacci-level\/","title":{"rendered":"Futures Trading Levels, Resistance at the Fibonacci Level"},"content":{"rendered":"<p>Many of our International clients trade European indices, mostly the DAX and Euro Stoxx 50.<\/p>\n<p>Daily chart of the EuroStoxx 50 for your review below, note that the recent rally has stopped right against the 38.2% FIB level. Short term resistance is 2348.5 , near term support is 2242.0<\/p>\n<h2 class=\"blue\">Daily Futures chart of the EuroStoxx 50 from August 16th, 2011<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" title=\"Daily Futures chart of the EuroStoxx 50\" alt=\"Daily Futures chart of the EuroStoxx 50 from August 16th, 2011\" src=\"https:\/\/www.cannontrading.com\/daily\/wp-content\/uploads\/SP-20110816.png\" width=\"472\" height=\"427\" \/><\/p>\n<p>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.<!--more--><\/p>\n<p>GOOD TRADING!<\/p>\n<h2 class=\"blue\">TRADING LEVELS!<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" title=\"Trading Levels for August 17th, 2011\" alt=\"Commodity Futures trading levels for August 17th, 2011\" src=\"https:\/\/www.cannontrading.com\/daily\/wp-content\/uploads\/futures-20110817.png\" width=\"470\" height=\"262\" \/><\/p>\n<h2 class=\"blue\">Economic Reports Wednesday August 17th, 2011<\/h2>\n<p>PPI m\/m<br \/>\n8:30am USD<\/p>\n<p>Core PPI m\/m<br \/>\n8:30am USD<\/p>\n<p>Crude Oil Inventories<br \/>\n10:30am USD<\/p>\n<p><em>Economics Report Source: <a href=\"http:\/\/www.forexfactory.com\/calendar.php\" target=\"_blank\" rel=\"noopener\">http:\/\/www.forexfactory.com\/calendar.php<\/a><\/em><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/www.cannontrading.com\/images\/divider-black-190.gif\" title=\"\"><\/p>\n<p>This is not a solicitation of any order to buy or sell, but a current market view provided by <a title=\"Cannon Trading Inc.\" href=\"https:\/\/www.cannontrading.com\/\">Cannon Trading Inc.<\/a> Any statement of facts herein 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!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Many of our International clients trade European indices, mostly the DAX and Euro Stoxx 50. Daily chart of the EuroStoxx 50 for your review below, note that the recent rally has stopped right against the 38.2% FIB level. Short term resistance is 2348.5 , near term support is 2242.0 Daily Futures chart of the EuroStoxx [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[61],"tags":[16,509],"class_list":["post-1851","post","type-post","status-publish","format-standard","hentry","category-futures-trading-2","tag-futures-trading","tag-resistance-fibonacci-level"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/1851","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=1851"}],"version-history":[{"count":6,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/1851\/revisions"}],"predecessor-version":[{"id":8051,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/1851\/revisions\/8051"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=1851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=1851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=1851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}