Support & Resistance Levels 8.14.2018
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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Dear Traders,
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“Though my success rate has been high, I am only breaking even financially, due to getting out too early in profit and letting my losses run too far.”
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“Many articles are written showing when and where to enter trades… but how many articles are written about “running” positions? Where to exit surely has to be the biggest key to trading success!”
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“I would appreciate some advice or tips on how to and when to enter a market and when to exit.”
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
08-14-2018
| Contract September 2018 | SP500 #ES_F | Nasdaq100 #NQ_F | Dow Jones #YM_F | Mini Russell #RTY_F | BitCoin Index #XBT_F |
| Resistance 3 | 2862.92 | 7570.83 | 25572 | 1711.77 | 7179.07 |
| Resistance 2 | 2853.33 | 7524.92 | 25471 | 1701.83 | 6899.52 |
| Resistance 1 | 2839.17 | 7470.08 | 25342 | 1689.77 | 6563.93 |
| Pivot | 2829.58 | 7424.17 | 25241 | 1679.83 | 6284.38 |
| Support 1 | 2815.42 | 7369.33 | 25112 | 1667.77 | 5948.79 |
| Support 2 | 2805.83 | 7323.42 | 25011 | 1657.83 | 5669.24 |
| Support 3 | 2791.67 | 7268.58 | 24882 | 1645.77 | 5333.65 |
| Contract | December Gold #GC_F | Sept. Silver #SI-F | Sept. Crude Oil #CL-F | Sept. Bonds #ZB_F | Sept. Euro #6E_F |
| Resistance 3 | 1237.8 | 15.61 | 70.52 | 145 16/32 | 1.1529 |
| Resistance 2 | 1229.6 | 15.48 | 69.23 | 145 4/32 | 1.1495 |
| Resistance 1 | 1215.0 | 15.23 | 68.28 | 144 24/32 | 1.1462 |
| Pivot | 1206.8 | 15.10 | 66.99 | 144 12/32 | 1.1428 |
| Support 1 | 1192.2 | 14.86 | 66.04 | 144 | 1.1394 |
| Support 2 | 1184.0 | 14.73 | 64.75 | 143 20/32 | 1.1360 |
| Support 3 | 1169.4 | 14.48 | 63.80 | 143 8/32 | 1.1327 |
| Contract | Dec. Corn #ZC_F | Sept. Wheat #ZW_F | Nov. Beans #ZS_F | Dec. SoyMeal #ZM_F | Sept. Nat Gas #NG_F |
| Resistance 3 | 377.8 | 549.6 | 894.33 | 340.40 | 3.00 |
| Resistance 2 | 374.5 | 545.2 | 882.42 | 335.00 | 2.97 |
| Resistance 1 | 372.5 | 539.3 | 875.58 | 331.90 | 2.95 |
| Pivot | 369.3 | 534.9 | 863.67 | 326.50 | 2.92 |
| Support 1 | 367.3 | 529.1 | 856.8 | 323.4 | 2.9 |
| Support 2 | 364.0 | 524.7 | 844.92 | 318.00 | 2.87 |
| Support 3 | 362.0 | 518.8 | 838.08 | 314.90 | 2.85 |
Economic Reports, source:
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.
