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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.


Simpler Approach to Day-Trading? & Futures Levels 4.25.2019

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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!
Simpler Approach to Day-Trading?
Watch a 25 minutes video, where our VP, Ilan Levy-Mayer shares his personal preferences and opinions on different trading topics.
In this video, Ilan shares how he likes to use some of the indicators he likes, including a couple of trading ALGOS he developed to day trade markets like gold, crude oil, mini NASDAQ, mini SP and more.
*Examples of trade set ups
* Examples of triggers
* Examples of some rules one can use
* Step by Step on how to get started IMMEDIATELY with a no obligation free trial
*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

04-25-2019

 


Economic Reports, source: 

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.

Posted in: Future Trading News  

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Trading Futures Spreads & Levels for 4.24.2019

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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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Trading Futures Spreads – Basic But Important Strategy
“A basic and important strategy for commodities traders using spread trading.”
By: Mark O’Brien, Cannon Trading Commodities Broker
Over my 20+ year career as a commodities broker, I have studied and traded a wide range of approaches to trading the futures markets. From candlestick formations to the commodity channel index, from condors to turtle trading, there’s an enormous catalog of tools and methods available for traders to consider.
One method I have noticed is surprisingly underrepresented among retail traders is futures spread trading, where a single position in the market consists of the simultaneous purchase of one futures contract and sale of a related futures contract as a unit. I call it surprising because some of the most invested players in futures trading – and arguably the most sophisticated – include large speculators and commercial firms who regularly employ spreads. This includes traders in the markets who often actually buy and sell the physical commodities we trade. Farmers, ranchers and other food growers along with food producers, petroleum companies who either drill for oil or natural gas or refine these products – or both, financial institutions with enormous holdings in treasuries, equities or currencies, mining interests and their buyers – all these areas of production and distribution employ spreads from time to time as an important aspect of their businesses. Indeed, spread trading is a fundamental and essential part of the commodities futures markets.
At the same time, despite the remarkable increase in interest and in the growth in the volume of the futures markets over the years, spread trading is typically dismissed by most other traders in search of a trading strategy. With so much attention focused on other approaches related to straightforward directional trading (and within that category, day-trading) it’s not difficult to see how spread trading can be overlooked.

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

04-24-2019

 


Economic Reports, source: 

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.

Posted in: Future Trading News  

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Levels for April 23rd & Micro E-Minis are Almost Here!

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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 next big thing in equities trading.
Micro E-mini Futures. Launching May 6, 2019.
An expanded offering, a smaller-sized contract
Micro E-mini futures fit seamlessly within our current product suite and give all traders a simple way to access the equity index futures markets. At 1/10th the size of a classic E-mini contract, Micro E-minis require less cash to enter the market with lower margins.
Four leading indices, for benchmark equity exposure
S&P 500
Nasdaq-100
Russell 2000
Dow Jones Industrial Average
Trade a slice of the most liquid equity index futures
E-mini S&P 500, Nasdaq-100, Russell 2000 and Dow ($5) futures are among the most liquid, actively traded equity index contracts available. Micro E-mini futures provide the same benefits of E-mini futures, in a smaller-sized contract.
Precisely scale index exposure up or down
Add more granularity to your trading and risk-management strategies by using Micro E-mini futures to fine-tune your index exposure.
Versatility to manage positions
Because Micro E-mini futures are fully fungible with classic E-mini contracts, you have more flexibility for managing positions as market conditions change, using the contract that best suits your goals. You also have greater access to the liquidity you need.
Subject to regulatory approval

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

04-23-2019

 


Economic Reports, source: 

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.

Posted in: Future Trading News  

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Levels for April 22nd & Good Friday Trading Schedule

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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!
This Friday, we are celebrating Good Friday.
Please have a Safe and Happy Holiday!!
From the CME Globex Control Center, here is a summary of the KEY changes,
per CME market segment –
Thursday – all normal closes.
Friday – ALL globex markets are entirely CLOSED.
Sunday night re-open – all normal times.

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

04-22-2019

 


Economic Reports, source: 

forexfactory.com

Date 3:52pm Currency Impact Detail Actual Forecast Previous Graph
MonApr 22 All Day EUR
French Bank Holiday
All Day EUR
German Bank Holiday
All Day EUR
Italian Bank Holiday
All Day GBP
Bank Holiday
10:00am USD
Existing Home Sales
 5.51M
TueApr 23 9:00am USD
HPI m/m
 0.6%
10:00am EUR
Consumer Confidence
 -7
USD
New Home Sales
 667K
USD
Richmond Manufacturing Index
 10
WedApr 24 4:00am EUR
German Ifo Business Climate
 99.6
EUR
ECB Economic Bulletin
4:30am GBP
Public Sector Net Borrowing
 -0.7B
Tentative EUR
Spanish 10-y Bond Auction
Tentative EUR
French 10-y Bond Auction
Tentative EUR
German 10-y Bond Auction
 -0.05|2.6
9:00am EUR
Belgian NBB Business Climate
 -0.7
10:30am USD
Crude Oil Inventories
 -1.4M
ThuApr 25 All Day EUR
Italian Bank Holiday
3:00am EUR
Spanish Unemployment Rate
 14.5%
6:00am GBP
CBI Industrial Order Expectations
 1
8:30am USD
Core Durable Goods Orders m/m
 0.1%
USD
Durable Goods Orders m/m
 -1.6%
USD
Unemployment Claims
 192K
10:30am USD
Natural Gas Storage
 92B
FriApr 26 26th-1st GBP
Nationwide HPI m/m
4:30am GBP
High Street Lending
 35.3K
Tentative EUR
Italian 10-y Bond Auction
6:00am GBP
CBI Realized Sales
 -18
8:30am USD
Advance GDP q/q
 2.2%
USD
Advance GDP Price Index q/q
 1.8%
10:00am USD
Revised UoM Consumer Sentiment
 96.9
USD
Revised UoM Inflation Expectations
 2.4%

 

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 videos on Bollinger Bands, Parabolics, & More & Futures Levels 4.18.2019

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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!
Trading 101: Trading videos on bollinger bands, Parabolics, Trading levels, Range Bars and more!
Watch the latest trading videos we have posted and shared with our clients!
In this week’s newsletter we are sharing two videos, each a few minutes long. The videos discuss practical tips for trading and sharing our experience with you
1. Using bolinger Bands as a possible tool for exiting trades
2. One way you can use the Parabolics study ( also known as PSAR) to manage current positions, possibly as a trailing stop
3. Different ways traders can utilize support and resistance levels in their trading.
4. Entering trades on a stop, using “price confirmation”.
5. Utilizing Range Bar charts for shorter term trading as a way to try and filter out some noise.
This Friday, we are celebrating Good Friday.
Thursday – all normal closes.
Friday – ALL globex markets are entirely CLOSED.
Sunday night re-open – all normal times.

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

04-18-2019

 


Economic Reports, source: 

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.

Posted in: Future Trading News  

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