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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.


Using Preset Trade Management When Trading Futures & Futures Levels 10.22.2020

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Take a look at a video from today where I share some set ups on the ES using volume charts and review preset of auto exits and trade managements. In this video you will see a 45 minutes trade condensed into 15 minutes.
When markets are moving SO FAST like the NQ/ ES and others have recently, I like using automated stops and limits. One can do so using brackets or even built in strategies where you specify different limits, stops, when to move your stop as a trailing stop and much more.
This morning at 11:22 AM central time, high on NQ was approx. 11738, 11 minutes later the low was 11648 – that is close to $2000 LOSS if you are trading one mini nasdaq and in the wrong direction…..
I know my stomach feels much better when I have stops and limits working in the system working….( also maybe use MICROS for the same reason?)
Using volume charts, MICRO ES along with automated trade management – trade example from Oct. 21st 2020

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

10-22-2020

 

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.

Posted in: Future Trading News  

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Trading the NQ/ES & Futures Trading Levels 10.21.2020

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

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Dear Traders,

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Get Real Time updates and market alerts on Twitter!
When markets are moving SO FAST like the NQ/ ES and others have recently, I like using automated stops and limits. One can do so using brackets or even built in strategies where you specify different limits, stops, when to move your stop as a trailing stop and much more.
This past week I have seen the NQ make 50-100 points moves in matter of seconds based on a tweet or news etc.
I know my stomach feels much better when I have stops and limits working in the system working….( also maybe use MICROS for the same reason?)

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

10-21-2020

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.

Posted in: Future Trading News  

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What’s the Fair Value of Gold? & Futures Trading Levels 10.20.2020

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

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What’s the fair value of gold?
by CMEGroup.com
Many investors and traders have asked this question while reassessing their portfolios and risk exposures in light of COVID-19.
The world economy experienced an unprecedented shock in 2020, and no single asset class was immune.
Read why the global gold markets took center stage when gold climbed above $2K per troy ounce in August, and what to watch for as 2020 winds down.
Macro environment for gold
Back in March, governments and central banks across the world took quick action when the global economy went into lockdown mode. The support they gave to protect citizens and businesses also fed through to financial markets. The Federal Reserve and other central banks have promised to keep interest rates at record-low levels until further notice. Low interest rates make gold more attractive, since low financing costs reduce the opportunity costs of holding gold in a portfolio. Another factor has helped push gold higher: since it is priced in U.S. dollars, a decrease in the value of the dollar naturally increases the price of gold. The U.S. dollar has been weakening against many of its global competitors this year: it lost strength versus the Euro, the Yen, the Swiss Franc and the Chinese Renminbi. Finally, the uncertain economic outlook may have led many investors to increase their exposure to the yellow metal as a safe haven asset.
All in, this created something like a perfect environment for gold to reach a $2,000 price level. Since then, the metal has fallen back slightly, just as the U.S. dollar and interest rates have shown tentative signs of strengthening. For the remainder of the year, the upcoming U.S. elections will be one of the key events to watch. Of course, the Covid-19 pandemic is not under control yet, and so it should also continue to have a significant impact on financial markets and on the price of gold.

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

10-20-2020

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.

Posted in: Future Trading News  

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The Relationship Between Global Soybean Prices & Futures Levels 10.16.2020

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

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Dear Traders,

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The Relationship Between Global Soybean Prices
Managing global soybean price risk
Brazil has emerged as the largest producer and global exporter of soybeans, causing the correlation between Brazilian soybeans and the benchmark CBOT Soybean futures contract to periodically break down – increasing price risk in South America.
The latest white paper from CME Group researchers, Alison Coughlin and Dominic Sutton-Vermeulen, addresses the relationship between soybean prices in major importing and exporting countries and the usefulness of a cleared South American Soybean futures contract for managing global soybean price risk.

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

10-16-2020

Economic Reports, source: 

https://forexfactory.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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Crude Oil Inventories tomorrow & Futures Trading Levels 10-15-2020

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

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Dear Traders,

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HEADS up: Crude inventories are tomorrow at 11 Am EST ( instead of the normal release today at 10:30 AM). Natural gas is tomorrow at 10:30 AM EST
Ever thought about using MICROS to protect an e-mini position rather than a stop?
How about using weekly options on the mini SP/ mini NASDAQ and other markets?

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

10-15-2020

Economic Reports, source: 

https://forexfactory.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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