Support & Resistance Levels Daily 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.


Trading Levels 12/19/2018

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Dear Traders,

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FOMC tomorrow.
75% for another 0.25% hike.
The following are suggestions on trading during FOMC days:
·    Reduce trading size
·    Be extra picky = no trade is better than a bad trade
·    Choose entry points wisely. Look at longer time frame support and resistance for entry. Take the approach of entering at points where you normally would have placed protective stops. Example, trader x looking to go long the mini SP at 2925.00 with a stop at 2919.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 2919.75 and place a stop a few points below in this hypothetical example ( consider current volatility along with support and resistance levels).
·    Expect the higher volatility during and right after the announcement
·    Expect to see some “vacuum” ( low volume, big zigzags) right before the number.
·    Consider using automated stops and limits attached to your entry order as the market can move very fast at times.
·    Know what the market was expecting, learn what came out and observe market reaction for clues
·    Be patient and be disciplined
·    If in doubt, stay out!!
March is now the front month for most markets.
Examples;
ESH19
ZBH19
SIH19
and many others.
You should not be trading ANY December contracts.
Ask your broker if not sure.
WEEKLY chart of Crude Oil Futures below. OMG….
Fresh off the press is Cannon Trading’s new eBook! Written by our very own staff of brokers, this eBook is designed as a guide to the commodities market for both beginners and veterans alike. Inside you can find:
  • A plan with steps for success
  • The top mistakes traders make daily
  • How to handle the market noise
  • And much 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

12-19-2018

 


Economic Reports, source: 

Provided by https://app.bettertrader.com

 

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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Christmas Holiday 2018 Holiday Schedule for CME / Globex and ICE Exchange

Christmas Holiday 2018 Holiday Schedule for CME / Globex and ICE Exchange

 

*Dates and times are subject to change

If you have any questions, please call the CME Global Command Center at +1 800 438 8616, in Europe at +44 800 898 013 or in Asia at +65 6532 5010

Globex®  Christmas Holiday Schedule

More details at: http://www.cmegroup.com/tools-information/holiday-calendar.html 

Ice Futures Christmas Holiday 2018 Holiday Trading Schedule

Detailed holiday hours: https://www.theice.com/holiday-hours

The above sources were compiled from sources believed to be reliable. Cannon Trading assumes no responsibility for any errors or omissions.  It is meant as an alert to events that may affect trading strategies and is not necessarily complete.  The closing times for certain contracts may have been rescheduled.

Posted in: Future Trading News  

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Mini Dow Chart & Trading Levels 12.18.2018

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

____________________________________________________________________

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!
March is now the front month for most markets.
Examples;
ESH19
ZBH19
SIH19
and many others.
You should not be trading ANY December contracts.
Ask your broker if not sure.
Post G20 and Brexit Endgame: Implications for Markets
By Blu Putnam, Chief Economist, CME Group
Post-G20 Market Implications for U.S-China Trade, Oil Prices
  • Could U.S.-China strike an extensive trade deal in Q1 2019 post G20 cease-fire?
  • Rising U.S. oil production could neutralize Saudi-Russia pact at G20 to curb crude output
  • Flattening yield curve, widening credit spreads could signal headwinds for U.S. economy
Brexit: Endgame in Sight?
  • Could Brexit debacle lead to a change in UK leadership, fresh elections?
  • If another Brexit referendum happens, will outcome be any different?
  • Prime Minister May will not lead Conservatives into the next elections
Daily chart of the cash Dow Jones Index below, very close to testing February lows. Needs to hold support/ lows in order to decrease a chance for even a BIGGER correction:
Fresh off the press is Cannon Trading’s new eBook! Written by our very own staff of brokers, this eBook is designed as a guide to the commodities market for both beginners and veterans alike. Inside you can find:
  • A plan with steps for success
  • The top mistakes traders make daily
  • How to handle the market noise
  • And much 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

12-18-2018

 


Economic Reports, source: 

Provided by https://app.bettertrader.com

 

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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Rollover Notice for Stock Index Futures, 6B Futures Chart & Trading Levels 12.14.2018

____________________________________________________________________

Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

____________________________________________________________________

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!
Rollover Notice for Stock Index Futures
Important notice: For those of you trading any stock index futures contracts, i.e., the E-mini S&P, E-mini NASDAQ, E-mini Dow Jones etc., it is extremely important to remember that we are now rolling over and trading the March 2019 contract.
Starting Dec. 13th, the March 2019 futures contracts will be the front month contracts. It is recommended that all new positions be placed in the March 2019 contract as of December 13th. Volume in the Dec. 2018 contracts will begin to drop off until its expiration on Friday September 21st.
The month code for March is H19
Traders with electronic trading software should make sure that defaults reflect the proper contract as of Friday morning.
Please close any open Dec. Currency positions by the close on Friday the 14th.
Daily chart of the “confused, Brexit” British Pound below:
Fresh off the press is Cannon Trading’s new eBook! Written by our very own staff of brokers, this eBook is designed as a guide to the commodities market for both beginners and veterans alike. Inside you can find:
  • A plan with steps for success
  • The top mistakes traders make daily
  • How to handle the market noise
  • And much 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

12-14-2018

 


Economic Reports, source: 

Provided by https://app.bettertrader.com

 

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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ECB Rate Decision Tomorrow, Crude Oil Chart & Trading Levels 12.13.2018

____________________________________________________________________

Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

____________________________________________________________________

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!
ECB rate decision ( or lack of probably….) can still move the markets!!
Always know what reports are due and which ones affect your trading/ markets you like to trade.
Intra-day chart of RBOB (unleaded gas) below:
Fresh off the press is Cannon Trading’s new eBook! Written by our very own staff of brokers, this eBook is designed as a guide to the commodities market for both beginners and veterans alike. Inside you can find:
  • A plan with steps for success
  • The top mistakes traders make daily
  • How to handle the market noise
  • And much 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

12-13-2018

 


Economic Reports, source: 

Provided by https://app.bettertrader.com

 

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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