Big Moves in Metals Sector & Futures Support and Resistance Levels 1.12.2021 - Support & Resistance Levels

Support & Resistance Levels

This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.

Big Moves in Metals Sector & Futures Support and Resistance Levels 1.12.2021

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Big Moves in the metals sector the last few days, including the “favorite child” – Dr. Copper….
Previous sell signals in the shape of red diamonds only generated very small downward moves if any, compare to the same exact signal to the buy side = mechanics of a bull trend. The big question today is will we see more follow through on this sell signa?
Copper Futures Daily Continuation Chart 1.11.2021

Big Moves in the metals sector the last few days, including the “favorite child” – Dr. Copper….

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

1-12-2021

Futures Support & Resistance Levels 1.12.2021

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BetterTrader Economic Indicators 1.12.2021

 

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

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