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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.


Important Information on Price Limits & Circuit Breakers & Support and Resistance Levels 1.25.2022

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Equity Price limits and Circuit Breakers Information by John Thorpe, Senior Broker

As traders during volatile periods, it’s important to know the rules
relative to trading halts and circuit breakers.
The following is largely from the CME rulebook, please understand the rules are different between the Overnight and Day sessions .
Equity product price limits and circuit breakers
Our U.S. Equity futures markets have a range of automated safeguards in place – some of which are coordinated with cash equity markets.
CME Group U.S. Equity futures have 7% price limits overnight and remain open for trading at that limit. If markets reach 7% up or down during the overnight session, they remain open but can only trade up to those price limits. Further, Dynamic Circuit Breakers will be in effect with a width of 3.5%. If a contract market moves beyond +/- 3.5% within an hour during the overnight session, trading will be paused for two minutes.
Daytime trading employs market-wide circuit breakers, a kind of price limit that halts trading for a period of time to help the market reset.
CME Group U.S. Equity futures markets are coordinated with stock circuit breakers at market 7%, 13%, and 20%. The 7% and 13% circuit breakers are each followed by 15-minute trading halts; if the 20% level is reached, the market closes for the trading day. Learn more below:
If you would like to know what the current price levels will be for the Equity markets you are trading at the 7%,13% and 20% levels, please contact your broker at Cannon Trading as these numbers change daily based on the Previous days settlement price calculated in the last 30 seconds of trading– 2:59:30-3:00:00 PM CST

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

01-25-2022

 

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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   | futures trading education  

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Weekly Newsletter #1083: Navigating Trading Futures Around Economic Reports & Trading Levels for the Week Ahead

Cannon Futures Weekly Newsletter Issue # 1083

Dear Traders,

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Trading Key Economic Reports

Every trader has done it. You’ve done it, your friends have done it, even your broker has done it at one point early in their career.
Here’s the scenario:
You’ve finally finished your futures education at Cannon Trading Company. You’ve done you’re homework on stops, limits, indicators and price movements for the market you’re trading. You’re ready to go, you enter your limit order and you wait.
**DING**
You get filled. Your heart rate picks up, a wry smile crosses your face and you begin to imagine the possibilities of the one trade you’re in: How much can I make? How much can I lose before it’s too much? You’ve waited through months of technical trading and deep meditation to get here, and now it’s finally paying off with one of your first trades in the live market. Sayonara paper trading; aloha live futures.
Then, all of a sudden, the top of the hour hits and the market starts acting up. It’s getting more volatile and more volatile; it’s picking up speed and taking an unforgiving turn against you. You can’t think straight, all you can think about is your losing position that could get worse and worse as the seconds go by. You race to put in a stop order, but you finally have to settle for a market order just to stop the bleeding. You stare.
**DING**
You’re out of the market. What the hell just happened? You stare at the screen; did your indicators lie to you? Is your system faulty? Did you not listen to your broker? Well, probably not. But you’re down several handles, you’ve lost some money and your pride is aching.
What the hell happened was NFP ( non farm payroll) report you were not aware of or did not know what it means…..
As a trader, you will come across many factors that you must consider before entering or exiting the markets. Some of the most important aspects to look for are economic events that can move the markets drastically one way or another.
There are many types of economic events including releases by a governing body, changes in sales or consumption of commodities, and increases in supply and demand. All of these can affect the markets you trade, making it important for you to know how and when these changes are happening.
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

01-24-2022

Support and Resistance Levels 1.24.2022

 

Weekly Levels

Weekly Support and Resistance Levels

Reports, First Notice (FN), Last trading (LT) Days for the Week:

https://mrci.com

Date Reports/Expiration Notice Dates

MRCI Economic Reports 1.24-1-28-2022

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 herein 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 judgment in tradin

Posted in: futures trading education   | Weekly Newsletter  

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Improve Your Trading Skills & Futures Support and Resistance Levels 1.21.2022

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Improve Your Trading Skills

Do your stop orders seem to act like trade magnets?
Have you ever looked into the range of available futures options strategies?
Do you know the ins and outs of futures spreads?
Consult with an experienced broker. Access proprietary indicators and trading methods ( 30 minute chart of the NQ with recent possible buy and sell signals are highlighted below.
You’re invited to call for more info.: 1-800-454-9572, or you’re welcome to register here
We look forward to your inquiry.

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

01-21-2022

 

Futures Support and Resistance Levels 1.21.2022

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


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   | futures trading education  

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Energies and Equities Volatility & Support and Resistance Levels 1.20.2022

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Be Watchful for Stock Market & Petroleum Product Oscillations

By Mark O’Brien
The prevailing downward bias in stock indexes has plenty of justification: a 1.4 million single-day case spike in infections last week, market expectations for up to four interest rate hikes this year, less-than-robust readings for last week’s initial jobless claims and retail sales, potential Russian military action against Ukraine, surging energy prices (crude oil traded up to a 7-year high yesterday).
Yet, there are supportive elements capable of counteracting the equity index sell-off of recent days: traders may look at this latest correction as sufficient to compensate for future Fed. policy actions, rate hike fears will tend to moderate with softening economic data. The latest Omicron developments continue to be encouraging. New Covid-19 cases are plummeting in a growing list of places. Since early last week, new cases in Connecticut, Maryland, New Jersey and New York have fallen by more than 30 percent. They’re down by more than 10 percent in Colorado, Florida, Georgia, Massachusetts and Pennsylvania. In California, cases may have peaked. Acknowledging the tensions between Washington and Moscow, U.S. Secretary of State Anthony Blinken will meet with his Russian counterpart on Friday and promised “relentless diplomatic efforts to prevent renewed aggression and to promote dialogue and peace.”
Crude oil traders should expect the recent price increase to be met with increased volatility as political tensions involving major producers such as the United Arab Emirates and aforementioned Russia could exacerbate the already tight supply outlook. Blow-off tops should not be downplayed.

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

01-20-2022

Futures Support & Resistance Levels 1.20.2022

 

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

https://bettertrader.co/ 

Better Trader Economic Reports 1.20.2022

 

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   | Index Futures  

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Taking Clues from the VIX & Support and Resistance Levels 1.19.2022

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Correlational Observations of Indices Market Behavior.

VIX Volatility futures Index.

By John Thorpe, Senior Broker
VIX futures expiration is a monthly occurrence. The expiration is somewhat varied, the remaining 2021 schedule is included below, typically, middle of the month on Wednesday mornings. Take a look at your daily chart for any of the indices and you see the sell offs during the week of or the week prior to VIX
 expiration days.
My belief is there would be a smaller probability of a correlational relationship during a Bear stock market, However, Since we are in the 12th year of a bull market, I believe the underling price action is created by portfolio managers rolling their hedges and adjusting their risk for the coming month. They often use the week prior to Short the VIX at higher prices (lower equity index prices) for the first week of the new VIX contract month as they are buying back their old contract shorts pushing the VIX prices higher, thereby pushing negative sentiment into the marketplace. If there are more extreme price movements in their favor, they will elect to have the hedges expire to cash as the contracts are financially settled.
Coincidentally, to the recent market sell off January VIX expires Wednesday morning 19th at 8:00 a.m. CDT
19 January 2022
16 February 2022
15 March 2022 (Tuesday, due to Good Friday on 15 April 2022)
20 April 2022
18 May 2022
15 June 2022
20 July 2022
17 August 2022
21 September 2022
19 October 2022
16 November 2022
21 December 2022

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

01-19-2022

Support and Resistance Levels 1.18.2022


Economic Reports, Source: 

https://bettertrader.co/ 

BetterTrader Economic Indicators 1.18.2022

 

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.

Tags: > > > > Posted in: Future Trading News  

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