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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.


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

 

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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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Weekly Newsletter #1082: MLK Trading Hours 2022, Day Trading Using Counter Trend or Trend Following Concepts Video and Trading Levels for the Week Ahead

Cannon Futures Weekly Newsletter Issue # 1082

Dear Traders,

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Get Real Time updates and market alerts on Twitter!

Trading 101: Trading Video: How I like to day-trade futures using either counter trend or trend following concepts ( or what I call simpler approach to day trading)

In This 25 Minutes Video You Will Learn The Following:
1. Possible advantages of using range bar charts over time charts for day trading
2. Trade set ups using counter trend indicators
3. Trade set ups using trend following indicators
4. The concept of price confirmation
5. Tips and insights from Ilan’s observations of different markets
6. You will be able to install the indicators/concepts mentioned and practice right away with your own demo!
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

01-17-2022

Futures Trading Support and Resistance Levels 1.17.2022

 

Weekly Levels

Weekly Support & Resistance Levels 1.17 - 1.21.2022

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

https://mrci.com

Date Reports/Expiration Notice Dates

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

Tags: > > > > > Posted in: Future Trading News   | Trading Guide   | Weekly Newsletter  

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Trading Videos: Indicator that can Help you with EXITS? & Support and Resistance Levels 1.14.2022

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Trading Videos 101: Curious on an indicator that can help you with EXITS?

How about using a certain indicator as a trailing stop?
Watch the latest trading videos we have posted and see if you can pick a tip or two on trading smarter!
In this blog entry today we are sharing four videos, each a few minutes long. The videos discuss practical tips for trading and sharing our experience with you
2. One way you can use the Parabolics study ( also known as PSAR) to manage current positions, possibly as a trailing stop
3. Different ways traders can utilize support and resistance levels in their trading.
4. Entering trades on a stop, using “price confirmation”.
5. Utilizing Range Bar charts for shorter term trading as a way to try and filter out some noise.
Dr. Martin Luther King Day Holiday Schedule 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

01-14-2022

Futures Support and Resistance Levels 1.14.2022


Economic Reports, Source: 

https://bettertrader.co/ 

BetterTrader Economic Indicators 1.14.2022

 

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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MLK Holiday Trading Hours & Support and Resistance Levels 1.13.2022

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Any asset experiencing double-digit price change as a percentage will catch traders’ eyes. If this didn’t catch yours, check it out:
Today, the front-month Feb. natural gas futures contract shot up ±58 cents to ±$4.83 MMBtu. for a ±13.5% increase.
Another solid rally was seen in Mar. copper with a ±$13-cent ($3,250) move up to $4.56, briefly breaching $4.60 and now at almost 3-month highs.
Honorable mention: crude oil. In barely one month – 28 trading sessions – the front-month Feb. crude has traded from an intra-day low of $62.26 on Dec. 2 to life-of-contract highs near ±$82.50.
Dr. Martin Luther King Day Holiday Schedule 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

01-13-2022

Futures Support and Resistance Levels 1.13.2022


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.

Tags: > > > Posted in: Future Trading News  

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Trading Tips You Can Use Right Away!


Watch 4 short videos on the topics of:
  • Using Bollinger Bands and Parabolics
  • Using range Bars for Day-Trading
  • The concept of Price Confirmation
  • How to Use Support & Resistance Levels
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