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.


Rollover Notice for Stock Index Futures, 6B Futures Chart & Trading Levels 12.14.2018

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Dear Traders,

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Rollover Notice for Stock Index Futures
Important notice: For those of you trading any stock index futures contracts, i.e., the E-mini S&P, E-mini NASDAQ, E-mini Dow Jones etc., it is extremely important to remember that we are now rolling over and trading the March 2019 contract.
Starting Dec. 13th, the March 2019 futures contracts will be the front month contracts. It is recommended that all new positions be placed in the March 2019 contract as of December 13th. Volume in the Dec. 2018 contracts will begin to drop off until its expiration on Friday September 21st.
The month code for March is H19
Traders with electronic trading software should make sure that defaults reflect the proper contract as of Friday morning.
Please close any open Dec. Currency positions by the close on Friday the 14th.
Daily chart of the “confused, Brexit” British Pound below:
Fresh off the press is Cannon Trading’s new eBook! Written by our very own staff of brokers, this eBook is designed as a guide to the commodities market for both beginners and veterans alike. Inside you can find:
  • A plan with steps for success
  • The top mistakes traders make daily
  • How to handle the market noise
  • And much more!

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

12-14-2018

 


Economic Reports, source: 

Provided by https://app.bettertrader.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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ECB Rate Decision Tomorrow, Crude Oil Chart & Trading Levels 12.13.2018

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

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Dear Traders,

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ECB rate decision ( or lack of probably….) can still move the markets!!
Always know what reports are due and which ones affect your trading/ markets you like to trade.
Intra-day chart of RBOB (unleaded gas) below:
Fresh off the press is Cannon Trading’s new eBook! Written by our very own staff of brokers, this eBook is designed as a guide to the commodities market for both beginners and veterans alike. Inside you can find:
  • A plan with steps for success
  • The top mistakes traders make daily
  • How to handle the market noise
  • And much more!

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

12-13-2018

 


Economic Reports, source: 

Provided by https://app.bettertrader.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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Volatility in Stock Indices &Trading Levels 12.12.2018

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

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Dear Traders,

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The volatility in stock indices continues, with fast, large moves intra-day and overnight.
Be careful.
Reduce trading size if possible. Be “picky” with your entry points and understand that you probably will need to risk more per trade or give the trade a bit more room than normal.
Go back in your charts to other volatile periods like we are experiencing now, perhaps February of this year and get a feel for the type of moves etc.
Intra-day chart of the mini Dow below:
Would you like access to trading ALGOS that try to identify market turning points? 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

12-12-2018

 


Economic Reports, source: 

Provided by https://app.bettertrader.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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Webinar Sign Up and Trading Levels 12.11.2018

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

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Dear Traders,

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Get Real Time updates and market alerts on Twitter!
Webinar this Thursday, hosted by our friends @futuresio.
I will discuss different aspects of futures trading as it relates to you the client/trader on variety of topics.
Thursday at 4:30 EST.
Would you like access to trading ALGOS that try to identify market turning points? 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

12-11-2018

 


Economic Reports, source: 

Provided by https://app.bettertrader.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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Dr. Copper Futures Chart & Trading Levels 12.07.2018

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

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Dear Traders,

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Taking the Pulse of Dr. Copper for 2019
by: CMEGroup
  • Copper rose 72% in 2016-17 on Chinese growth but is down 18% so far in 2018
  • Supply continued to grow in 2018, likely from strong mining profitability
  • Price trend for 2019 will depend on Chinese demand, U.S. dollar strength
  • Brexit outcome, Italian debt concerns also could influence copper next year
Natural gas numbers will come out Friday instead of the normal Thursday time.
Effective this Sunday, Dec. 9 – Eurex will open during U.S. evening time, and extend their exchange daily trading to near 21 hours.
Daily closing time will remain the same, at 3pm Chicago time.
Per below screenshot from Eurex website – time conversions to U.S.:
CET (Central European Time) is currently 7 hours ahead of US Central (Chicago) time.
Open — CET 01:15 am –> 6:15pm Chicago time
Close — CET 22:00 –> 15:00 Chicago time
Weekly chart of “Dr. Copper” below:
Would you like access to trading ALGOS that try to identify market turning points? 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

12-07-2018

 


Economic Reports, source: 

www.forexfactory.com

Date 4:15pm Currency Impact Detail Actual Forecast Previous Graph
FriDec 7 2:00am EUR
German Industrial Production m/m
0.3% 0.2%
2:45am EUR
French Industrial Production m/m
0.8% -1.8%
EUR
French Trade Balance
-5.9B -5.7B
3:30am GBP
Halifax HPI m/m
0.3% 0.7%
4:00am EUR
Italian Retail Sales m/m
-0.2% -0.8%
All Day All
OPEC Meetings
4:30am GBP
Consumer Inflation Expectations
3.0%
5:00am EUR
Final Employment Change q/q
0.2% 0.2%
EUR
Revised GDP q/q
0.2% 0.2%
All Day All
OPEC-JMMC Meetings
8:30am USD
Average Hourly Earnings m/m
0.3% 0.2%
USD
Non-Farm Employment Change
198K 250K
USD
Unemployment Rate
3.7% 3.7%
10:00am USD
Prelim UoM Consumer Sentiment
97.0 97.5
USD
Final Wholesale Inventories m/m
0.7% 0.7%
USD
Prelim UoM Inflation Expectations
2.8%
10:30am USD
Natural Gas Storage
-63B -59B
12:00pm USD
FOMC Member Brainard Speaks
3:00pm USD
Consumer Credit m/m
15.1B 10.9B

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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