Daily Support & Resistance Levels and Other valuable Info for Futures Traders...

Levels for Monday Oct. 4th below.
Our weekly newsletter #1069 is now live.

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Have a good weekend!
 
Crude Oil Leading Many Markets?

I was doing some homework last night, back testing different entry signals etc.
By mistake I plugged in a system that takes crude oil signals and applies it to the current market I was testing - Seems that these past 2 years or so, signals taken based on crude oil were more accurate ( using this specific trend following formula I was using) than signals based on the underlying contract!! To clarify I am testing longer term model using the DAILY chart.

Cotton, Coffee, Corn, beans, Gold and SP500 all did better based on price action/ signals using crude oil prices than their own data!!

Obviously this requires more in depth work, statistical analysis and forward testing but I thought it was interesting enough to share with you and give you some ideas perhaps even something to look into on intra day basis?

Levels for October 6th 2021 below:

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Another Nat Gas 10% margin increase, initial margin now at $7040.

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Levels for Thursday, Oct. 7th:
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Levels for Unemployment Friday, Oct. 8th below:

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Good insight into VIX and stock index correlations on our daily blog here.

Levels for tomorrow, Oct 12th below:

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Levels for tomorrow, 10-13-21

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