TZ Futures Trading Levels : FTSE, OIL, GOLD,...

[TZ Futures]

TZ Futures brings you FREE Daily Levels to help you with your Trading wether you are a professional or a novice

Our daily levels will now be posted here in one place. Our method for our levels consist of Candlestick charting with Supports and Resistances along with Fibonacci and Trendline patterns. We also take a look at news and other fundamentals and will report it in our commentary if it is important.

Happy Trading!

Please note: This is a free-for-all thread and we welcome your comments and any feedback

 

[TZ Futures]

FTSE 100 (DEC) Trading Levels

Current Level: 5332
Support: 5290, 5266, 5202, 5144
Resistance: 5369, 5450

Our bias still remains bullish and we would like to get over 5369 to re-affirm our bullish view. So we continue to go long and buy on any dips. If we close below 5290 today, this will be the first warning signal that the bears may be back.

 

[TZ Futures]

US Light Crude (DEC) Trading Levels

Current Level: 77.38
Support: 76.55, 76.00, 75.22
Resistance: 78.03, 78.50, 79.50, 80.50, 81.15

The key 76.55 has been defeated several times in the past few trading sessions but still remains a key level so will continue to underline this. Today the Dollar Index is down around 0.5% and equities plus commodities are rallying including Crude.

We will continue to focus on 76.55 and will only buy on any dips near this level again with a tight stop loss (76.35). Target at 77.95.

 

[TZ Futures]

Gold (DEC) Trading Levels

Current Level: 1130
Support: 1103, 1097, 1090, 1074
Resistance: 1133, 1140, 1151

On Friday we got to a low of 1103 almost reaching our target of 1099. Today Gold is flying with the rest of the markets breaking through our 1130 resistance.

With no major resistances above here, we will need to be careful when shorting and remain to keep tight stops.

We will again short this at the current level of 1130 and target 1120 for today. Stop at 1136.

 

[TZ Futures]

FTSE 100 (DEC) Trading Levels

Current Level: 5338
Support: 5290, 5266, 5202, 5144
Resistance: 5369, 5450

As we mentioned yesterday, we needed to get above 5369, we did briefly but did not close above this level. This does not mean we are no longer bullish anymore, but what it does mean is that the market is only at these levels on thin volume. So we will be seeing some pullbacks like we currently are today.

5290 is anoter level to look out for, as long as we close above here, we will remain bullish. We will, therefore, buy dips with entry point at 5320, target 5360 and a stop loss at 5282.

 

[TZ Futures]

US Light Crude (DEC) Trading Levels

Current Level: 78.50
Support: 77.95, 76.55, 76.00, 75.22
Resistance: 79.50, 80.50, 81.15, 82.00

76.55 was held again yesterday and still remains to be a very key level. Crude was down to 76.70, we went long from 76.82, our target was easily reached at 77.95 within virtually minutes!

Today, we are seeing a small pullback in the markets as expected. Today, we will buy near yesterdays resistance. Our entry will be at 78.05, target 79.20, and a much further stop loss at 76.35.

 

[TZ Futures]

Gold (DEC) Trading Levels

Current Level: 1132
Support: 1119, 1103, 1097, 1090, 1074
Resistance: 1145, 1151

We were stopped out yesterday at 1136 after Gold decided to go for record highs at 1144. Luckily, our stop was kept tight because there was always a risk as we mentioned:
"With no major resistances above here, we will need to be careful when shorting and remain to keep tight stops."

Our view is totally neutral as it has been for some time now. Out of choice we would rather short this on any gains (if we have a gain today). Entry to short will be at 1140, target 1127 and stop at 1146.

 

[TZ Futures]

FTSE 100 (DEC) Trading Levels

Current Level: 5356
Support: 5290, 5266, 5202, 5144
Resistance: 5369, 5450

Having got down to a low of 5325, this was just 5 points above our entry into a trade before rallying again.

Today the situation is still the same and will continue to buy on the dip at the same levels.

 

[TZ Futures]

US Light Crude (DEC) Trading Levels

Current Level: 79.70
Support: 78.50, 77.95, 76.55, 76.00, 75.22
Resistance: 80.50, 81.15, 82.00

We should get above $81 much quicker than we initialy expected so remain to go long up to the $82 in the coming week or so.

Any dips should be bought into above 78 and above 76.55. Stop loss I would keep at 76.35.

 

[TZ Futures]

Gold (DEC) Trading Levels

Current Level: 1141
Support: 1130, 1119, 1103, 1097, 1090, 1074
Resistance: 1145, 1151, 1162

We will continue to short on any strength today too. Short at 1147, target 1135, top 1155.

 

[TZ Futures]

Next update

Please note: Our next update will be on Mon 23rd November for all three markets.

 

[yatesey]

Hi there, thanks for your posts... just signed up today so having a stroll around the site and forums. What are your thoughts on the strength of the 50% Fib retracement level on the SPX. My own rather inexperienced view is that we are due a correction

 

[SanMiguel]

Hi there, thanks for your posts... just signed up today so having a stroll around the site and forums. What are your thoughts on the strength of the 50% Fib retracement level on the SPX. My own rather inexperienced view is that we are due a correction

he doesn't have any thoughts...he just posts numbers

Edit: actually that's not entirely true, the method seems to be based on S&R

 

[wallstreet1928]

San Miguel and yatesey please come and visit us at the new website my friends if you want to learn how to trade and you want to trade together with other traders

we have a live chat room with traders of all levels/abilities and we trade live together
http://wallstreet1928.ning.com/

always here to help the newbies my friends