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Price Limit Rules; Soybean Futures Outlook & Support and Resistance Levels 5.14.2021

Dear Traders,

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Traders, Know Your Limits
Are you trading any futures contracts that incorporate daily price limits?
A price limit is the maximum price range permitted for a futures contract in each trading session. When markets hit the price limit, different actions occur depending on the product being traded. Markets may temporarily halt until price limits can be expanded, remain in a limit condition or stop trading for the day, based on regulatory rules.
It’s important to know these price limits during the trading day to make sure your trades are never left hanging during a price limit halt.
Visit the CME Group web site for the price limits that apply to the markets you’re trading:
Beans daily chart for your review below. The big question…is this a simple profit taking pull back of a major bull run or the beginning of reversal to the downside? Time will tell but some levels to watch below. Click for LARGER IMAGE

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

5-14-2021

Economic Reports, source: 

 www.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.

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