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 Sign Up and Trading Levels 12.11.2018

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Dear Traders,

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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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Daily Support & Resistance Levels 12.06.2018

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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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Due to George W Bush funeral today, the crude oil numbers will come out tomorrow at 11 AM EST.
Natural gas numbers will come out Friday instead of the normal Thursday time.
Also, be aware that OPEC meeting results will come out around 8 AM central time tomorrow as well. I expect some serious volatility in the energy markets tomorrow.
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
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

12-06-2018

 


Economic Reports, source: 

www.forexfactory.com

Date 4:14pm Currency Impact Detail Actual Forecast Previous Graph
ThuDec 6 2:00am EUR
German Factory Orders m/m
 -0.4% 0.3%
All Day All
OPEC Meetings
5:00am GBP
MPC Member Ramsden Speaks
Tentative GBP
30-y Bond Auction
 1.83|1.8
7:30am USD
Challenger Job Cuts y/y
 153.6%
8:15am USD
ADP Non-Farm Employment Change
 196K 227K
8:30am USD
Revised Nonfarm Productivity q/q
 2.3% 2.2%
USD
Revised Unit Labor Costs q/q
 1.1% 1.2%
USD
Trade Balance
 -55.2B -54.0B
USD
Unemployment Claims
 226K 234K
9:45am USD
Final Services PMI
 54.4 54.4
10:00am USD
ISM Non-Manufacturing PMI
 59.2 60.3
USD
Factory Orders m/m
 -1.9% 0.7%
11:00am USD
Crude Oil Inventories
 -2.0M 3.6M
12:15pm USD
FOMC Member Bostic Speaks
6:30pm USD
FOMC Member Williams Speaks
6:45pm 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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Crude Oil Margin Increase, Gold Chart, & Trading Levels 12.05.2018

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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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In observance of the passing of President George H. W. Bush , please review the updated trading schedules below for tomorrow:
CME/Globex
Interest Rates:
Tuesday 12/4/18: Regular Schedule
Wednesday 12/5/18: Closed
Thursday 12/6/18: Regular Schedule
Equity Index:
Tuesday 12/4/18: Regular Schedule
Wednesday 12/5/18: Early 8:30am (CST) Close
Thursday 12/6/18: Regular Schedule
CBOE/CFE:
Tuesday 12/4/18: Regular Schedule
Wednesday 12/5/18: Early 8:30am (CST) Close
Thursday 12/6/18: Regular Schedule
Link to CME Trading Schedule Click Here
Link to CBOE/CFE Trading Schedule Click Here
 Grains, metals, energies, softs, currencies, meats all have NORMAL TRADING HOURS. Only equities, bonds and VIX are affected!!
Cannon Trading in the news again!
Our senior broker, John Thorpe provides his insight into the energy markets ahead of OPEC meeting:
While we talking energies:
Another CL margin increase:
CL, $4015 –> $4692 (about 17% increase!)
Gold Daily chart below. Is the yellow metal finally waking up or is this just an end of the year bounce???
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

12-05-2018

 


Economic Reports, source: 

www.forexfactory.com

Date 4:53pm Currency Impact Detail Actual Forecast Previous Graph
WedDec 5  3:15am EUR
Spanish Services PMI
 53.9 54.0
3:30am EUR
ECB President Draghi Speaks
3:45am EUR
Italian Services PMI
 49.2 49.2
3:50am EUR
French Final Services PMI
 55.0 55.0
3:55am EUR
German Final Services PMI
 53.3 53.3
4:00am EUR
Final Services PMI
 53.1 53.1
4:30am GBP
Services PMI
 52.5 52.2
GBP
FPC Meeting Minutes
5:00am EUR
Retail Sales m/m
 0.2% 0.0%
Tentative EUR
Spanish 10-y Bond Auction
 1.61|1.6
2:00pm USD
Beige Book
8:15pm USD
FOMC Member Quarles 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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First & Last Month Notice , Crude Oil Daily chart & Trading Levels 12.04.2018

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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!
In observance of the passing of President George H. W. Bush CME U.S. Equity Index and Interest Rate products will close at 8:30 a.m. CT Wednesday, December 5th. All other products will have normal trading hours. Also please note the Equity Indices and Interest Rate options scheduled to expire on Wednesday December 5thare now expiring Tuesday December 4th.
Below are the contracts which are entering First Notice or Last Trading Day for the upcoming month. Be advised, for contracts that are deliverable, it is Cannon’s policy that all LONG positions be exited the day prior to First Notice and ALL positions be exited the day prior to Last Trading Day. If you have any questions please contact the Trade Desk
First Notice
Contract Month
Contract
10-Dec
December
Live Cattle
24-Dec
January’19
London Coffee
31-Dec
January’19
COMEX & ICE Metals
31-Dec
January’19
CBOT Soybeans
31-Dec
January’19
CBOT Soybean Meal & Oil
31-Dec
January’19
CBOT Rice
31-Dec
January’19
Canola
Last Trading Day
Contract Month
Contract
4-Dec-18
November
Milk III & Butter
6-Dec-18
December
Cotton
12-Dec-18
December
London Cocoa
13-Dec-18
December
CME Dollar Nikkei
13-Dec-18
December
ICE Cocoa
14-Dec-18
December
Wheat (CBOT, KC, MN)
14-Dec-18
December
CBOT Corn & Oats
14-Dec-18
December
Lean Hogs
14-Dec-18
December
CBOT Soybean Meal & Oil
17-Dec-18
December
Dollar Index
17-Dec-18
December
Currencies
17-Dec-18
December
CME Eurodollar
18-Dec-18
December
Canadian Dollar
18-Dec-18
December
ICE Coffee
19-Dec-18
December
10-Yr. Notes & 30-Yr. Bonds
19-Dec-18
January’19
NYMEX Crude Oil
20-Dec-18
December
S&P 500
21-Dec-18
December
December E-Mini Indices
27-Dec-18
December
Long Gilt (Liffe)
27-Dec-18
December
COMEX & ICE Metals
27-Dec-18
January’19
NYMEX Natural Gas
28-Dec-18
February’19
ICE Brent Crude Oil
31-Dec-18
December
2-Yr. & 5-Yr. Notes
31-Dec-18
December
30-Day Fed Funds
31-Dec-18
January’19
NYMEX RBOB & Heating Oil
31-Dec-18
December
Live Cattle
Crude Oil Daily chart below. The Trump/ China talks helped this market as well as many others snap higher on a gap opening during Sunday night session. The big question is: is this just a bounce or is this a start of a bigger upside correction? OPEC meeting results this Thursday….
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

12-04-2018

 


Economic Reports, source: 

www.forexfactory.com

Date 4:06pm Currency Impact Detail Actual Forecast Previous Graph
TueDec 4 2:45am EUR
French Gov Budget Balance
 -87.1B
3:00am EUR
Spanish Unemployment Change
 34.2K 52.2K
4:15am GBP
BOE Gov Carney Speaks
4:30am GBP
Construction PMI
 52.5 53.2
5:00am EUR
PPI m/m
 0.5% 0.5%
All Day EUR
ECOFIN Meetings
10:00am USD
FOMC Member Williams Speaks
Tentative USD
IBD/TIPP Economic Optimism
 57.3 56.4
1:00pm GBP
MPC Member Vlieghe 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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