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

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Frank D. Cholly

Senior Market Strategist
Frank has been involved in many aspects of the futures business, from taking and placing orders to providing high-quality order execution service. As a second-generation participant in markets at the Chicago Board of Trade, Frank spent his early years working in the Treasury bond pit servicing both institutional and retail clients. He then expanded his brokerage duties and began covering a wide range of markets, including stock index, metals, grains and the balance of the interest rate sector. Ultimately, he turned his full-time focus to the grain market, dealing primarily with proprietary and commercial business. Frank was a senior commodities broker at Lind-Waldock prior to joining RJO Futures in 2011.
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