Daily Pivot Points - 9/28/2018

September 28, 2018 9:37AM CDT

Pivot points are a great way for technical traders to pick entry and exit points.  Now that the fed meeting is behind us, I believe technical levels will be more reliable in the financial markets.  We have the quarterly USDA report today at 11 CST, so we could see heightened volatility in the grain markets.  With the expected volatility I would recommend using the points R2 and S2 rather than R1 and S1.  These levels should be substantially stronger support and resistance. 

E-Mini Dec '18 Pivot

 PP- 2920.50

R1- 2933.50

R2- 2945.00

S1- 2909.00

S2- 2896.00

 

Gold Dec '18 Pivot

PP- 1191.533

R1- 1197.467

R2- 1208.533

S1- 1180.467

S2- 1174.533

 

Soybeans Nov '18 Pivot

PP- 853.33

R1- 860.16

R2- 865.83

S1- 847.66

S2- 840.83

 

Crude Oil Nov '18 Pivot

PP- 7216.66

R1- 7262.33

R2 – 7305.66

S1- 7173.33

S2- 7127.66

RJO Futures | 222 South Riverside Plaza, Suite 1200 | Chicago, Illinois 60606 | United States
800.441.1616 | 312.373.5478

The risk of trading futures and options can be substantial. Each investor must consider whether this is a suitable investment. Past performance is not indicative of future results. Trading advice is based on information taken from trades and statistical services and other sources that RJO Futures believes to be reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgement at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades.

This material has been prepared by a sales or trading employee or agent of RJO Futures and is, or is in the nature of, a solicitation. This material is not a research report prepared by RJO Futures Research Department. By accepting this communication, you agree that you are an experienced user of the futures markets, capable of making independent trading decisions, and agree that you are not, and will not, rely solely on this communication in making trading decisions.

Distribution in some jurisdictions may be prohibited or restricted by law. Persons in possession of this communication indirectly should inform themselves about and observe any such prohibition or restrictions. To the extent that you have received this communication indirectly and solicitations are prohibited in your jurisdiction with registration, the market commentary in this communication should not be considered a solicitation.