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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.


Happy Thanksgiving Trading Schedule & Futures Support and Resistance Levels 11.26.2021

Dear Futures Trader,

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

HAPPY THANKSGIVING!!

See trading schedule below, be aware of the different reports, what is the market focusing on and the different closing times for the different markets between tomorrow and Friday/Sunday evening.
CME Globex Thanksgiving Holiday Futures Schedule 2021

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

11-26-2021

Futures Support and Resistance Levels 11.26.2021

 


Economic Reports, source: 

https://bettertrader.co/ 

BetterTrader Reports 11.25.2021

BetterTrader Reports 11.26.2021

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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Micro Mini NQ Chart Review / Fibonacci Extensions; Thanksgiving Holiday Schedule & Support and Resistance Levels 11.24.2021

Dear Futures Trader,

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

An exercise in Fibonacci extensions….

As the NQ started moving lower today ( I actually prefer the MNQ as it causes less stomach ache when moves against me….), I was looking for a target profit on a short position a client of mine had.
I draw FIB extension for yesterday sell off move and applied it to the high on the bounce made early this morning….Today it turned out out to be an excellent tool (click for LARGER IMAGE)….gave me targets, possible trailing stops, possible re-entry and more ( always easier looking back after the fact)….Of course there are many times where this will NOT work but you may want to take a look at Fibonacci extensions as another tool in your arsenal and just Fibonacci retracement….
Micro Nasdaq #MNQ 15 Minute Chart
Short Trading week ahead with Thanksgiving Holiday this week.
See trading schedule below, be aware of the different reports, what is the market focusing on and the different closing times for the different markets between tomorrow and Friday/Sunday evening.
CME Globex Thanksgiving Holiday Futures Schedule 2021

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

11-24-2021

Futures Support and Resistance Levels 11.23.2021

 


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   | Index Futures  

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Short Trading Week Ahead, Thanksgiving Holiday Schedule & Support and Resistance Levels 11.23.2021

Dear Futures Trader,

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

Short Trading week ahead with Thanksgiving Holiday this week.

See trading schedule below, be aware of the different reports, what is the market focusing on and learn to walk away from the trading screen if you hit your daily profit target or daily loss limit.
This can be a game changer for some traders. The longer you are in front of the screen, the more chances for mistakes, mental fatigue, revenge trading etc.
Just like professional athletes don’t want to get hurt in “garbage time” and try to find ways to prolong their careers, you as a trader need to find ways to prolong your trading capital the best you can.
CME Globex Thanksgiving Holiday Futures Schedule 2021

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

11-23-2021

Futures Support and Resistance Levels 11.23.2021

 


Economic Reports, source: 

https://bettertrader.co/ 

BetterTrader Economic Reports 11.23.2021

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   | futures trading education  

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Weekly Newsletter 1076: Why do Most Futures Traders Lose Money and Support and Resistance Levels for the Week Ahead

Cannon Futures Weekly Letter Issue # 1076

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!

 

Trading 201: Why do most futures traders lose money and how can you improve your odds?

Watch the 45-minute recorded webinar where Ilan shared some of his observations of why a large percentage of traders lose money trading futures.
*Reasons why most traders lose
*Looking at tools you can utilize and improve your odds
*Review different methods/concepts of trading
*Ilan shares many tidbits that can help variety of traders
*Ilan answers questions

Thanksgiving 2021 Holiday Schedule for CME / Globex and ICE Exchange

Thanksgiving 2021 Holiday Schedule for CME / Globex and ICE Exchange

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

11-22.2021

 

Weekly Levels

 

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

https://mrci.com

Date Reports/Expiration Notice Dates

MRCI Futures Report

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: futures trading education   | Weekly Newsletter  

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Receive FRESH Insight Every Morning Before Market Open & Support and Resistance Levels 11.19.2021

Dear Futures Trader,

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

Get FRESH insight every morning BEFORE the market starts like the one below posted 3 hours before market opened this morning, on our private FB group: https://business.facebook.com/groups/1105191589938254/

XX = STOP
SCO = STOP CLOSE ONLY
MA= MOVING AVERAGE
FIBO’S = Fibonacci Retracements
11.17.21
RECAP FROM Wednesday:
THE INFLATIONARY TRADE HAS BEGUN
IN THE SOFTS:
COFFEE IS LEADING THE WAY!
H COFFEE CLOSED 234.75 +10.25!!
H SUGAR CLOSED 20.42 +0.43
H COCOA CLOSED 2568 +0.15
H COTTON CLOSED 116.92 +1.79
Z S&P
4752.00 IS THE NEXT TEST AREA.
Z S&P
4590 MUST HOLD!
CLOSE BELOW TRIGGERS 4515.00
LONG TERM
Z DOW OBJECTIVE 40,000
***
Z CRUDE COLLAPSED BELOW
KEY TRANSITIONING MA 80.07!!!
CLOSED 78.36 -2.40
BEARISH FOR S&P’S
76.26 OBJECTIVE UNTIL A CLOSE ABOVE
79.31 OCCURS.
$99.95 LONG TERM
***
Z BONDS
CLOSED 160.14 +0.14
BULLISH FOR NASDAQ
Z COPPER CLOSED
4.2660 -0.0855
BEARISH FOR S&P’S
Z YEN
CLOSED 87.64 +0.435
BEARISH FOR S&P’S
GOOD MORNING.
11.18.21 Thursday
Export Sales 7:30
Jobless Claims 7:30
EIA Gas Storage 9:30
Z US$
ALGO IS LONG
Z US$ CLOSED 95.829 -0 082
ALGO SUPPORT:
95.42
95.28 Sell SCO
95.13
Z S&P:
X 5th HIGH 4,711.75
V 01st LOW 4260.00
FIBO’S:
38.2% = 4538.75
50.0% = 4485.50
61.8% = 4432.50
4630.75
KEY MA
MUST HOLD!
4517.00
KEY TRANSITIONING MA
MASSIVE SUPPORT
4479.75
MASSIVE MA
KEY SUPPORT
4451.25
CRITICAL MA
4263.75
LAST MA SUPPORT
ALGO IS LONG
Z S&P Closed 4686.25 -9.75
ALGO SUPPORT:
4674.00
4666.50 Sell SCO
4658.25
Z NASDAQ:
X 5th HIGH 16,448.50
V 04th LOW 14,367.75
FIBO’S:
38.2% = 15,651.75
50.0% = 15,406.75
61.8% = 15,161.75
15,973.50
KEY MA
MUST HOLD!
15,471.50
KEY TRANSITIONING MA
15,359.50
MASSIVE MA
15,247.00
CRITICAL MA
14,392.50
LAST MA
ALGO IS LONG
Z NASDAQ
Closed 16,311.50 +10.75
ALGO SUPPORT:
16,228.75
16,187.50
16,142.00
Z CRUDE:
76.26 OBJECTIVE UNTIL 79.31 CLOSE.
ALGO IS SHORT
ALGO RESISTANCE:
79.62
79.09 Buy SCO
78.60
Closed $78.36 -2.40
81.84
KEY MA
KEY RESISTANCE
80.15
KEY TRANSITIONING MA
COLLAPSED ***
KEY RESISTANCE
74.17
MASSIVE MA
73.21
CRITICAL MA
67.30
LAST MA SUPPORT
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.
If you are looking for other reference material please contact your Cannon Broker for lists of solid, informative and helpful trading tomes

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

11-19-2021

 


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   | futures trading education  

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Watch 4 short videos on the topics of:
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  • The concept of Price Confirmation
  • How to Use Support & Resistance Levels
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