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.


Crude Oil & Support & Resistance Levels 11.20.2018

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Good article on crude oil and the energy markets from bloomberg.com.
The Oil Price Is Now Controlled By Just Three Men
Bin Salman, Trump and Putin are calling the market shots. The prince may struggle to defend output cuts against a hostile Trump and indifferent Putin.
OPEC has lost what control of the oil market it ever had. The actions (or tweets) of three men — Presidents Donald Trump and Vladimir Putin and Crown Prince Mohammed Bin Salman — will determine the course of oil prices in 2019 and beyond. But of course they each want different things.
While OPEC struggles to find common purpose, the U.S., Russia and Saudi Arabia dominate global supply. Together they produce more oil than the 15 members of OPEC. All three are pumping at record rates and each could raise output again next year, although they may not all choose to do so.
Big Beasts
Whether oil output from the Big 3 continues to outstrip OPEC will depend on the words and actions of Trump, Putin and Bin Salman

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

11-20-2018

 


Economic Reports, source: 

www.forexfactory.com

 

Date 4:03pm Currency Impact Detail Actual Forecast Previous Graph
TueNov 20  2:00am EUR
German PPI m/m
 0.3% 0.5%
Tentative All
OPEC-JMMC Meetings
5:00am GBP
Inflation Report Hearings
All Day EUR
ECOFIN Meetings
6:00am GBP
CBI Industrial Order Expectations
 -6 -6
8:30am USD
Building Permits
 1.26M 1.24M
USD
Housing Starts
 1.23M 1.20M
10:00am EUR
German Buba President Weidmann Speaks

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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Thanksgiving 2018 Holiday Schedule for CME / Globex and ICE Exchange

Thanksgiving 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®  Thanksgiving 2018 Holiday Schedule

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

Ice Futures Thanksgiving Day 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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Natural Gas Perspective & Support & Resistance Levels 11.16.2018

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

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Dear Traders,silence4991@gmail.com

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Natural Gas???
While most traders focus on markets like mini SP, mini NASDAQ, Crude oil and Gold, others may trade across the board in different markets including Natural Gas.
The last few days we witnessed some of the strongest volatility I have seen in ANY market for a while.
Here is a 60 minute chart of Natural Gas from the last 3 days, “picture is worth a 1000 words”…..I also circled the dollar value of the move per one contract!!
As far as explanation, nothing I can feel confident in as far as reasoning…but here is one source:, SeekingAlpha.com
Natural gas -13%, correcting following recent run-up
Nov. 15, 2018 10:58 AM ET|By: Carl Surran, SA News Editor
Cold weather in much of the U.S. lifts spot natural gas prices to their highest since January in several regions, while natural gas futures -13% to $4.18/MMBtu as investors took profits after rallying to the highest levels in nearly four years.
Prices were little changed by today’s EIA data showing U.S. supplies rising by 39B cf for the week ended Nov. 9.
Futures traders say the cold weather will force utilities to start withdrawing gas from storage caverns that already are well below normal for this time of year, prompting concerns of possible gas shortages in some parts of the U.S. later this winter.
Meanwhile, next-day prices rose to their highest since January at the Henry Hub benchmark in Louisiana, Dominion South in Pennsylvania and Chicago citygate.
Gas-focused equities are mixed: CHK +1.1%, AR +0.7%, EQT +0.1%, GPOR-0.2%, COG -1.3%, RRC -1.8%, SWN -2%.
Bottom Line is, regardless if you are an option seller, a swing trader, day trader and anything in between – ALWAYS have a money a management exit strategy or you can really get caught in a bad situation.

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

11-16-2018

 


Economic Reports, source: 

www.forexfactory.com

 

 

Date 4:24pm Currency Impact Detail Actual Forecast Previous Graph
FriNov 16  2:00am EUR
German WPI m/m
 0.2% 0.4%
3:30am EUR
ECB President Draghi Speaks
5:00am EUR
Final CPI y/y
 2.2% 2.1%
EUR
Final Core CPI y/y
 1.1% 1.1%
6:00am EUR
Italian Trade Balance
 2.87B 2.56B
8:00am EUR
German Buba President Weidmann Speaks
9:15am USD
Capacity Utilization Rate
 78.3% 78.1%
USD
Industrial Production m/m
 0.2% 0.3%
9:30am GBP
CB Leading Index m/m
 -0.2%
4:00pm USD
TIC Long-Term Purchases
 46.2B 131.8B

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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Webinar: Trading w/ Market Correlation & Trading Levels 11.15.2018

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

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Dear Traders,silence4991@gmail.com

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Get Real Time updates and market alerts on Twitter!

Webinar Thursday at 1:30 PM pacific time/ 4:30 EST . Register here.
Important: Trading commodity futures and options involves a substantial risk of loss.
The recommendations contained in this webinar are of opinion only and do not guarantee any profits.
Past performances are not necessarily indicative of future results.

 

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

11-15-2018

 


Economic Reports, source: 

www.forexfactory.com

 

Date 4:08pm Currency Impact Detail Actual Forecast Previous Graph
ThuNov 15 4:30am GBP
Retail Sales m/m
 0.1% -0.8%
5:00am EUR
Trade Balance
 16.7B 16.6B
8:00am GBP
MPC Member Tenreyro Speaks
8:30am USD
Core Retail Sales m/m
 0.5% -0.1%
USD
Retail Sales m/m
 0.6% 0.1%
USD
Philly Fed Manufacturing Index
 20.7 22.2
USD
Empire State Manufacturing Index
 19.3 21.1
USD
Import Prices m/m
 0.1% 0.5%
USD
Unemployment Claims
 216K 214K
10:00am USD
FOMC Member Quarles Speaks
USD
Business Inventories m/m
 0.3% 0.5%
10:30am USD
Natural Gas Storage
 35B 65B
11:00am USD
Crude Oil Inventories
 2.9M 5.8M
11:30am USD
Fed Chair Powell Speaks
1:00pm USD
FOMC Member Bostic Speaks

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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Different Market, Different Trading Environments & Trading Levels 11.14.2018

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

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Dear Traders,silence4991@gmail.com

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Get Real Time updates and market alerts on Twitter!
Different market, different trading environments
Each market has different personality, different behavior along with different times of the day when it is most active. If you are finding that the ES ( mini SP) is not giving you enough risk/opportunities then start monitoring a couple of other markets and perhaps explore them in demo / simulated mode.
There are more than a few markets I think are suitable for day-trading. Below you will find some observations, tips along with what is unique about these markets, personality and most active trading hours.
To read my notes about markets such as bonds, crude oil, gold, currencies and more, click here.

 

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

11-13-2018

 


Economic Reports, source: 

www.forexfactory.com

Date 3:57pm Currency Impact Detail Actual Forecast Previous Graph
WedNov 14  2:00am EUR
German Prelim GDP q/q
 -0.3% 0.5%
2:45am EUR
French Final CPI m/m
 0.1% 0.1%
4:30am GBP
CPI y/y
 2.5% 2.4%
GBP
PPI Input m/m
 0.6% 1.3%
GBP
RPI y/y
 3.4% 3.3%
GBP
Core CPI y/y
 1.9% 1.9%
GBP
HPI y/y
 3.3% 3.2%
GBP
PPI Output m/m
 0.2% 0.4%
5:00am EUR
Flash GDP q/q
 0.2% 0.2%
EUR
Industrial Production m/m
 -0.4% 1.0%
Tentative EUR
German 30-y Bond Auction
 1.04|1.4
8:30am USD
CPI m/m
 0.3% 0.1%
USD
Core CPI m/m
 0.2% 0.1%
10:00am USD
FOMC Member Quarles Speaks
6:00pm USD
Fed Chair Powell Speaks

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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