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.


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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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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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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Trading Economic Reports – Free Premium Guide & Levels 11.13.2018

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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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Trading 202: Trading Economic Reports – Free Premium Guide
Crude Inventories, Unemployment report, Housing Starts are just a few of the market moving reports we have on weekly basis
The financial market’s volatility attracts many to follow and trade economic events and use this volatility to try and generate profit. Unfortunately, trading isn’t easy. Starting from planning and preparing all the way through the releases, analyzing and trading economic events involves many steps. That is why we at Cannon Trading pick this content for you prepared by BetterTrader.Co
To download this 26 page PDF report, The essential guide to trading economic reports, click here.
If you like to set up a trader evaluation with any of our professional brokers to review your trading, platforms or chat markets in general, fill out your Trader’s Profile.

 

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 3:33pm Currency Impact Detail Actual Forecast Previous Graph
TueNov 13  2:00am EUR
German Final CPI m/m
 0.2% 0.2%
2:45am EUR
French Prelim Private Payrolls q/q
 0.3% 0.1%
4:30am GBP
Average Earnings Index 3m/y
 3.0% 2.7%
GBP
Unemployment Rate
 4.0% 4.0%
GBP
Claimant Count Change
 4.3K 18.5K
5:00am EUR
German ZEW Economic Sentiment
 -24.2 -24.7
EUR
ZEW Economic Sentiment
 -17.3 -19.4
6:00am USD
NFIB Small Business Index
 108.0 107.9
10:00am USD
FOMC Member Brainard Speaks
2:00pm USD
Federal Budget Balance
 -116.6B 119.1B
Tentative USD
Loan Officer Survey

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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Crude Oil Insight & Support & Resistance Levels 11.09.2018

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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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Our own John Thorpe, on the big drop in the energy sector:
“Traders began focusing on defending the Bear Line in the sand at $61.20 per barrel,” John Thorpe, a commodity broker at Cannon Trading, told UPI.
“The EIA sees 2018 domestic crude production at 10.9 million barrels per day, up 1.5 percent from the October forecast. It also lifted its 2019 view on output by 2.6 percent to 12.06 million barrels a day,” he added, referring to a report issued Tuesday that was having an impact in the market.
“The expectations for lower prices yet further, increase the argument for crude entering into a bear market,” he said.
With prices seeing declines, there was speculation that producer nations may resort to production cuts. According to the OPEC website, the organization has its 175th ordinary meeting scheduled for Dec. 6 in Vienna.
Representatives of some nations will meet on November 12-15 on the framework of ADIPEC, the Abu Dhabi International Petroleum Exhibition and Conference
If you like to set up a trader evaluation with John or any of our professional brokers to review your trading, platforms or chat markets in general, fill out your Trader’s Profile.

 

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

11-09-2018

 


Economic Reports, source: 

www.forexfactory.com

 

Date 4:01pm Currency Impact Detail Actual Forecast Previous Graph
FriNov 9  2:45am EUR
French Industrial Production m/m
 -0.3% 0.3%
4:30am GBP
GDP m/m
 0.1% 0.0%
GBP
Manufacturing Production m/m
 0.1% -0.2%
GBP
Prelim GDP q/q
 0.6% 0.4%
GBP
Prelim Business Investment q/q
 0.2% -0.7%
GBP
Construction Output m/m
 0.2% -0.7%
GBP
Goods Trade Balance
 -11.4B -11.2B
GBP
Index of Services 3m/3m
 0.5% 0.5%
GBP
Industrial Production m/m
 -0.1% 0.2%
Tentative GBP
NIESR GDP Estimate
 0.7%
8:30am USD
PPI m/m
 0.2% 0.2%
USD
Core PPI m/m
 0.2% 0.2%
9:00am USD
Final Wholesale Inventories m/m
 0.3% 0.3%
9:05am USD
FOMC Member Quarles Speaks
10:00am USD
Prelim UoM Consumer Sentiment
 98.0 98.6
USD
Prelim UoM Inflation Expectations
 2.9%

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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FOMC & Support & Resistance Levels 11.08.2018

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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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FOMC decision tomorrow
According to Fed Funds Futures,
No hike this week from FOMC
The probability of another .25 hike this week stands at 5.9%
Market reaction will be language driven
Here is a guide to LIMIT moves in stock indices:
Just in case…..
Few tips when trading stock indices and interest rates on FOMC days:
The following are suggestions on trading during FOMC days:
  • Reduce trading size
  • 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 2925.00 with a stop at 2919.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 2919.75 and place a stop a few points below in this hypothetical example ( consider current volatility along with support and resistance levels).
  • Expect the higher volatility during and right after the announcement
  • Expect to see some “vacuum” ( low volume, big zigzags) right before the number.
  • Consider using automated stops and limits attached to your entry order as the market can move very fast at times.
  • Know what the market was expecting, learn what came out and observe market reaction for clues
  • Be patient and be disciplined
  • If in doubt, stay out!!

 

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

11-07-2018

 


Economic Reports, source: 

www.forexfactory.com

 

Date 4:22pm Currency Impact Detail Actual Forecast Previous Graph
ThuNov 8 2:00am EUR
German Trade Balance
 18.2B 18.3B
2:45am EUR
French Trade Balance
 -6.1B -5.6B
4:00am EUR
ECB Economic Bulletin
5:00am EUR
EU Economic Forecasts
Tentative EUR
French 10-y Bond Auction
 0.86|1.6
8:30am USD
Unemployment Claims
 214K 214K
8th-9th USD
Mortgage Delinquencies
 4.36%
10:30am USD
Natural Gas Storage
 56B 48B
2:00pm USD
FOMC Statement
USD
Federal Funds Rate
 <2.25% <2.25%

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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