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

Short trading week ahead post MLK holiday.

Levels for tomorrow , January 18th ( PPI early in the AM) below:

upload_2023-1-17_13-19-48.png
 
CL has flipped to March, McFly.
you are correct. March crude is front month.

Daily levels below for the March contract

upload_2023-1-18_6-43-24.png
 
Heads up! As opposed to most weeks when they’re released on Wednesday and Thursday, this week’s Energy Information Agency reports on natural gas storage and crude oil supplies will be released on the same day: tomorrow at 9:30 A.M. and 10:00 A.M., Central Time, respectively. That's natural gas storage first, followed by crude oil supplies. The Martin Luther King Day holiday effected this schedule change.

Daily levels for Jan. 19th below:

upload_2023-1-18_13-1-22.png
 
Support and resistance for January 20th below:

upload_2023-1-19_13-3-5.png
 
Nat gas front month is March, thank you @Overnight
Gold front month is still Feb. but will switch to April shortly as open interest in April is higher now but volume higher in Feb.

upload_2023-1-24_11-51-14.png



Daily chart of Copper below for your review, trading levels for tomorrow on our daily blog.

upload_2023-1-24_11-50-21.png


The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com


Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
 
Nat gas front month is March, thank you @Overnight
Gold front month is still Feb. but will switch to April shortly as open interest in April is higher now but volume higher in Feb.

View attachment 304613


Daily chart of Copper below for your review, trading levels for tomorrow on our daily blog.

View attachment 304612

The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com


Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
 
Back
Top