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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.


Weekly Newsletter 1098: Simpler Approach to Trading & Trading Levels for the Week Ahead

Cannon Futures Weekly Newsletter Issue # 1098

Dear Traders,

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Get Real Time updates and market alerts on Twitter!

Educational Trading Video: How I like to day-trade futures using either counter trend or trend following concepts ( or what I call a 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

05-23-2022

Futures Support and Resistance Levels 5.23.2022

Weekly Levels

Weekly Support & Resistance Levels 5.23 - 5.27.2022

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 trading

Posted in: Weekly Newsletter  

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Futures Trading Levels for 5.20.2022

Get Real Time updates and more on our private FB group!
No Commentary – Have a great trading day and a nice weekend!

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

05-20-2022

 

 

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: 

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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Margin Requirements are your Ally + Futures Support and Resistance Levels 5.19.2022

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Margin Requirements are your Ally

By Mark O’Brien, Senior Broker
As a rule, all futures contracts come with financial requirements in order to trade them. These requirements come in the form of margin. For the vast majority of traders – speculators – there are three types: 1.) the initial margin requirement, 2.) the maintenance margin requirement and 3.) the day trading margin requirement. The first two are established by the futures exchange on which a particular futures contract is traded. The initial margin requirement is the amount of cash you must have to initiate a position in the market. The maintenance margin requirement – typically 80-90% of the initial margin requirement – is the amount of money required to maintain the position your account. Day trading margin requirements are set by individual clearing firms and/or brokerage firms and are fractionally lower than a contract’s initial margin requirement, sometimes ±80% below the initial margin requirement.
While all these are designated as requirements, traders should also look at them as guardrails or markers that serve not just to notify you of the potential risk in the market you’re about to trade, but also to give you an idea of the risk to your account you should anticipate once you’re in the trade. Be prepared. In the event the market(s) you’re trading cause an adverse drop in your account’s balance – below the maintenance margin requirement of your position – and a margin call occurs, yes it’s an unfavorable outcome, but it’s also a genuine alert that you need to take action. It’s time to either offset part or all of the position or deposit more money (enough to bring your account back above the initial margin requirement) to keep the position. Treat margin requirements more as words to the wise rather than handcuffs. Trade with the thought that margin requirements are your friend.

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

05-19-2022

 

 

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: 

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   | futures trading education  

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Ten Year Bonds to Resume Downtrend? & Support and Resistance Levels 5.18.2022

Get Real Time updates and more on our private FB group!

Ten Year Bonds to Resume Downtrend?

Please chart below or click here for LARGER IMAGE.
Our brokers can help you navigate the different weapons” available to you as a trader. Will outright futures is the right strategy? perhaps futures and options combo? maybe a spread between the 10 year and the 30 year or maybe an options spread like vertical put spread?
10 year Treasury Note Daily Chart

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

05-18-2022

Futures Support and Resistance Levels 5.18.2022

 

 

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: 

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: Financial Futures   | Future Trading News  

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Trader’s Checklist + Futures Trading Levels 5.17.2022

Get Real Time updates and more on our private FB group!

Trader’s Check List:

·        Review prior day statement
·        Check for any working orders on your platforms.
·        Be aware of contract rollover dates
·        Set a daily loss limit and learn NOT to overtrade
·        Understand what reports are coming out today
·        Make sure you are not distracted
·        Calculate appropriate trading size based on current volatility and account size
·        Start with Larger Time Frame charts to get proper perspective
·        Understand what your goal is
·        Measure your success or lack of
·        Spend time furthering your trading education and exploring different methods
·        Put trading in perspective and make sure the overall psychology of trading fits you.
Contact us for a demo and/ or more information here!

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

05-17-2022

Futures Support and Resistance Levels 5.17.2022

 

 

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: 

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   | futures trading education  

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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
  • License 3 Broker at your Fingertips