Futures Trading Guide – Levels & Reports for April 11th 2018
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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Dear Traders,
Read our guide which outlines some important futures day trading concepts. It may be beneficial to read this guide before trading commodities on the futures market.
My name is Ilan Levy-Mayer and I am the Vice President and Senior Futures Broker at Cannon Trading.
I came up with the following personal observations after serving online traders worldwide for more than 20 years.
The following steps are guides to progress, and are not necessarily in sequential order. Some of them are always required, but each futures trader is different and will relate to these stages in their own ways. While attempting to learn and progress, one must keep in mind that futures trading is risky and can involve significant losses.
- Education
Hopefully if you are already trading you have completed your initial education: contract specs, trading hours, futures brokers, platforms, the opportunities as well as the risk and need to use risk capital in futures, and so on. Understanding this information is essential to futures commodities trading. The second type of education is ongoing: learning about trading techniques, the evolution of futures markets, different trading tools, and more.
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.
Futures Trading Levels
4-11-2018
| Contract June 2018 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | BitCoin Index |
| Resistance 3 | 2730.08 | 6873.92 | 25113 | 1593.80 | 7130.16 |
| Resistance 2 | 2698.17 | 6762.83 | 24798 | 1572.50 | 6998.28 |
| Resistance 1 | 2676.08 | 6693.92 | 24578 | 1557.90 | 6918.70 |
| Pivot | 2644.17 | 6582.83 | 24263 | 1536.60 | 6786.82 |
| Support 1 | 2622.08 | 6513.92 | 24043 | 1522.00 | 6707.24 |
| Support 2 | 2590.17 | 6402.83 | 23728 | 1500.70 | 6575.36 |
| Support 3 | 2568.08 | 6333.92 | 23508 | 1486.10 | 6495.78 |
| Contract | June Gold | May Silver | May Crude Oil | June Bonds | June Euro |
| Resistance 3 | 1360.6 | 16.90 | 69.35 | 146 29/32 | 1.2523 |
| Resistance 2 | 1353.4 | 16.77 | 67.61 | 146 18/32 | 1.2481 |
| Resistance 1 | 1348.6 | 16.67 | 66.69 | 146 8/32 | 1.2447 |
| Pivot | 1341.4 | 16.54 | 64.95 | 145 29/32 | 1.2405 |
| Support 1 | 1336.6 | 16.44 | 64.03 | 145 19/32 | 1.2372 |
| Support 2 | 1329.4 | 16.31 | 62.29 | 145 8/32 | 1.2330 |
| Support 3 | 1324.6 | 16.21 | 61.37 | 144 30/32 | 1.2296 |
| Contract | May Corn | May Wheat | May Beans | May SoyMeal | May Nat Gas |
| Resistance 3 | 395.3 | 509.0 | 1077.33 | 396.00 | 2.79 |
| Resistance 2 | 393.8 | 501.5 | 1070.67 | 393.50 | 2.76 |
| Resistance 1 | 391.5 | 496.8 | 1060.33 | 388.70 | 2.71 |
| Pivot | 390.0 | 489.3 | 1053.67 | 386.20 | 2.68 |
| Support 1 | 387.8 | 484.5 | 1043.3 | 381.4 | 2.6 |
| Support 2 | 386.3 | 477.0 | 1036.67 | 378.90 | 2.59 |
| Support 3 | 384.0 | 472.3 | 1026.33 | 374.10 | 2.54 |
Economic Reports, source:
