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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.

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Dear Traders,

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More than a few clients have asked me on how they can position themselves to the upside with metals, if they believe that gold and silver will go up?
The answer is much longer than the space and time I have here but other than discussing futures/ options, going long futures with put options as protection, buying vertical calls and quite a bit more ways to try and speculate, one way I thought I would share with you today is the Small Exchange Precious Metals Index.
The index is made of silver, gold and platinum and you can read more details here.
Some advantages:
  • Small size compared to existing futures (with smaller margins)
  • Simple contract specs ($1 whether you’re trading precious metals or foreign exchange, same expiration date too)
  • Standard and relevant construction so on days when silver is quiet you have exposure to gold and platinum
You can follow the the different products the small exchange offers on our website, by downloading a demo and following real time prices and if you are alive client, reach out to your broker and ask for the symbols.
on our e-Futures software, the symbol is: SPREQ20
A 30 minutes chart from today below for your review, click on chart for larger image:
Would you like to discuss trading techniques, trade management, indicators and more with an experienced broker? Click here for a no obligation, free consultation.
Since we are on the “METALS” topic, must take a look at Silver daily chart behavior and where the sell off paused last night…..(Hint: FIB = 50%)

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

8-13-2020

 


Economic Reports, source: 

https://bettertrader.co/ 

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.

Posted in: Future Trading News  

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