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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.

Quick Links: Commissions | Day Margins | Contact Us

Margin Resources & Monthly Live Cattle Chart, Trading Levels 4.06.2020 & Weekly Levels

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

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Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!
It feels like a new world out there in so many ways. Trading is one as well….This is a TOTALLY different markets than what we witnessed 6-8 weeks ago, a year ago etc.
Know the rules, understand current margins, know where the circuit breakers are/ limit moves.
CONFIRM MARGINS WITH YOUR BROKER, margins are function of volatility, platform, exchange overnight and other factors and during this volatility, margins can change so if you are not sure – check with your broker!
Figure out your max risk.
After you do all that, feel free to trade but jumping in and trying to trade without the basic knowledge above is like jumping into a stormy ocean without a life vest…..
Here are some EXCELLENT resources to help you navigate these volatile times:
MONTHLY Live Cattle chart below for your review! Sign up for the Trading indicators here! ( red diamond = potential sell, blue arrows=potential buy etc.))
Click on the chart for LARGER IMAGE

Good Trading

Trading Futures, Options on Futures, Dow 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

04-06-2020

WEEKLY Levels for April 6th – 10th
Did you know?
Cannon offers over 12 TRADING PLATFORMS CLICK HERE for a demo


Economic Reports, source: 

www.mrci.com
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 and CME Group Futures.
Posted in: Future Trading News  

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Gold Outlook / Opinion & Trading Levels 4.03.2020

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

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Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!
Monthly Unemployment report tomorrow!
From my colleague David register of ExitPoints.com
Gold outlook/opinion was shared with me this morning (make sure to use your own judgement – always!!):
My short term indicators show gold is oversold. The low on 4/1/2020 is likely the end of the corrective decline over the past five trading days. It is possible the upward trend in June Gold will continue over the next 3 to 8 days. My preference is to Trade gold from the long side. This analysis is wrong if the price declines below 1576.00, the low of 4/1/2020.***
***The recommendations contained in this letter are of opinion only and do not guarantee any profits

Good Trading

Trading Futures, Options on Futures, Gold 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

04-03-2020

Did you know?
Cannon offers over 12 TRADING PLATFORMS CLICK HERE for a demo


Economic Reports, source: 

https://bettertrader.co

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 and Gold Futures.

Posted in: Future Trading News  

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Trading Videos to Expand your Trading Education & Trading Levels 4.02.2020

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

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Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!
Some trading videos to expand your trading education:
Using overbought/oversold: https://youtu.be/bBzAeWdWPh0
Price Confirmation: https://youtu.be/IZibLbRtavo
Support and resistance: https://youtu.be/A-pht_GbsTc
* DO NOT assume anything when it comes to trading during these extreme volatility!!…if you are not sure, contact us and we will try our best to assist with the combined, vast experience we have here as a team.
* Wash hands, try not to touch your face!!! take this seriously and do your best to stay healthy….

Good Trading

Trading Futures, Options on Futures, Commodity Trading, 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

04-02-2020

Did you know?
Cannon offers over 12 TRADING PLATFORMS CLICK HERE for a demo


Economic Reports, source: 

https://bettertrader.co

 

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 and Commodity Trading.

Posted in: Future Trading News  

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Tips To Navigate the Futures Market, Crude Oil Chart & Trading Levels 4.01.2020

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

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Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!
Some personal tips/opinions to help you navigate the markets we are in:
*While I have no idea were the market is going from day to day, minute to minute, week to week etc. I do know that in the past, some of the sharpest and largest rallies were short covering after a large sell off. More often than not market sell offs and volatility like we are seeing do not end up as V type of action but more like U or W when it is all said and done.
*Expect the unexpected…
* Widen the bands, use Bollinger bands as possible visual
* Use higher time frame. 15 MIN and above to try and filter out the noise.
*Be extra picky = no trade is better than a bad trade
*  Choose entry points wisely. Look at longer time frame support and resistance for entry. Take the approach of entering at points where you normally would have placed protective stops. Example, trader x looking to go long the mini SP at 2535.00 with a stop at 2519.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 2519.75 and place a stop a few points below in this hypothetical example ( consider current volatility along with support and resistance levels).
* Have an idea of what you are looking to do, keep in mind possible risk and have a game plan. Now more than ever, plan your trade and than trade your plan!
* Think money management, hedging risk while you are still trying to figure out how to profit.
* Know what is going on, reports, current margins, current limits and more.
*Trade smaller. The bands are much larger. Watch the VIX.
*  Learn to reduce trading size. Perhaps trade smaller contracts like the micros.
* Understand that loses are part of trading and this is definitely not a good time to “fight the markets”.
* Focus more on risk management and ways to protect certain positions as needed. Spreads? Options?
* Survive to trade another day.
*  NO TRADE IS BETTER THAN A BAD TRADE
* DO NOT assume anything…if you are not sure, contact us and we will try our best to assist with the combined, vast experience we have here as a team.
* Wash hands, try not to touch your face!!! take this seriously and do your best to stay healthy….

Good Trading

Trading Futures, Futures Market, 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

04-01-2020

Did you know?
Cannon offers over 12 TRADING PLATFORMS CLICK HERE for a demo


Economic Reports, source: 

https://bettertrader.co

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 and Futures Market.

Posted in: Future Trading News  

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CME Raising their Monthly Data Fees & Trading Levels 3.31.2020

________________________________________________

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

_________________________________________________

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!
CME data fees increase
The CME is raising their monthly data fees increase per the below.
 Market Data Fee Adjustments Effective April 1, 2020 below:
Keep in mind that some of the platforms/ FCM we use have a processing fee of up to $2 per exchange per month, check with your broker.
Good news, Cannon can show you ways how to pay only $1 per month per exchange using top of the book data!
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Know the rules, understand current margins, know where the circuit breakers are/ limit moves.
Figure out your max risk.
After you do all that, feel free to trade but jumping in and trying to trade without the basic knowledge above is like jumping into a stormy ocean without a life vest…..
Here are some EXCELLENT resources to help you navigate these volatile times:

Good Trading

Trading Futures, Options on Futures, CME Group 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

03-31-2020

Did you know?
Cannon offers over 12 TRADING PLATFORMS CLICK HERE for a demo


Economic Reports, source: 

https://bettertrader.co

 

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 and CME Group Futures.

Posted in: Future Trading News  

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RISK DISCLOSURE: Past results are not necessarily indicative of future results. The risk of loss in futures trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.
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  • 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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