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.


Trading Levels for 9.19.18

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Commitments of Traders: What are the Big Boys Up To? 
By Jim Wyckoff
I have discussed in past articles how volume and open interest can be used to help identify and confirm market situations and trading opportunities. I’ll take open interest one step farther in this column by examining the Commitments of Traders (C.O.T.) report, issued by the Commodity Futures Trading Commission (CFTC).
The C.O.T. report is released bi-weekly–every other Friday afternoon. There is also a C.O.T. report issued on the following Mondays that includes futures and options data. However, this report is not as closely followed as the Friday afternoon report that covers only futures, because the combined futures and options report has less history.
What is most important for the individual trader (you)…. click here to read 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

09-19-2018

 

Contract December 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2958.58 7725.08 26797 1741.57 6539.09
Resistance 2 2938.17 7644.67 26577 1731.13 6461.00
Resistance 1 2924.33 7583.08 26431 1723.57 6383.63
Pivot 2903.92 7502.67 26211 1713.13 6305.54
Support 1 2890.08 7441.08 26065 1705.57 6228.17
Support 2 2869.67 7360.67 25845 1695.13 6150.08
Support 3 2855.83 7299.08 25699 1687.57 6072.71
Contract December Gold #GC_F Dec. Silver #SI-F Oct. Crude Oil #CL-F Dec.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1215.3 14.42 72.57 142 28/32 1.1867
Resistance 2 1211.7 14.34 71.49 142 14/32 1.1837
Resistance 1 1207.4 14.26 70.68 141 17/32 1.1794
Pivot 1203.8 14.18 69.60 141  3/32 1.1764
Support 1 1199.5 14.10 68.79 140  6/32 1.1720
Support 2 1195.9 14.02 67.71 139 24/32 1.1690
Support 3 1191.6 13.94 66.90 138 27/32 1.1647
Contract Dec.  Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F
Resistance 3 350.5 520.7 827.17 309.57 3.09
Resistance 2 348.8 517.3 823.83 307.63 3.02
Resistance 1 346.0 513.9 818.92 305.47 2.97
Pivot 344.3 510.6 815.58 303.53 2.89
Support 1 341.5 507.2 810.7 301.4 2.8
Support 2 339.8 503.8 807.33 299.43 2.76
Support 3 337.0 500.4 802.42 297.27 2.72

Economic Reports, source: 

www.forexfactory.com

Date 3:39pm Currency Impact Detail Actual Forecast Previous Graph
WedSep 19 4:00am EUR
Current Account
22.4B 23.5B
GBP
MPC Member Haldane Speaks
4:30am GBP
CPI y/y
2.4% 2.5%
GBP
PPI Input m/m
0.4% 0.5%
GBP
RPI y/y
3.2% 3.2%
GBP
Core CPI y/y
1.8% 1.9%
GBP
HPI y/y
2.8% 3.0%
GBP
PPI Output m/m
0.2% 0.0%
Tentative EUR
German 10-y Bond Auction
0.33|1.2
8:30am USD
Building Permits
1.31M 1.31M
USD
Housing Starts
1.24M 1.17M
USD
Current Account
-104B -124B
9:00am EUR
ECB President Draghi Speaks
10:30am USD
Crude Oil Inventories
-2.7M -5.3M

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 Levels for 9.18.18

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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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Start trading December indices, eminis, and currencies along with financials and most metals.
Any questions on which month you need to trade, please feel free to contact us.

 Educational Videos

by: Cannon Trading Brokers
Cannon Trading is happy to share with you a few videos focusing on trading techniques, ideas and tools you can add to your trading arsenal. In this week’s newsletter we are sharing the following 3 videos, about 5 minutes each, ready for immediate viewing on the following topics:
1. Identifying Support And Resistance Using A Line Chart.
2. Finding Levels of Support Resistance
3. Day Trading crude oil futures using fear and greed….

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

09-18-2018

 

Contract December 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2927.25 7659.00 26359 1746.27 6837.39
Resistance 2 2919.25 7617.00 26290 1737.63 6709.18
Resistance 1 2908.25 7542.00 26204 1724.17 6476.78
Pivot 2900.25 7500.00 26135 1715.53 6348.57
Support 1 2889.25 7425.00 26049 1702.07 6116.17
Support 2 2881.25 7383.00 25980 1693.43 5987.96
Support 3 2870.25 7308.00 25894 1679.97 5755.56
Contract December Gold #GC_F Dec. Silver #SI-F Oct. Crude Oil #CL-F Dec.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1223.0 14.53 70.65 142 22/32 1.1879
Resistance 2 1216.4 14.41 70.19 142  9/32 1.1830
Resistance 1 1210.8 14.31 69.46 142  1/32 1.1798
Pivot 1204.2 14.19 69.00 141 20/32 1.1749
Support 1 1198.6 14.09 68.27 141 12/32 1.1718
Support 2 1192.0 13.97 67.81 140 31/32 1.1669
Support 3 1186.4 13.87 67.08 140 23/32 1.1637
Contract Dec.  Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F
Resistance 3 351.8 523.1 836.58 311.30 2.90
Resistance 2 351.0 519.4 833.17 309.90 2.86
Resistance 1 349.5 512.8 828.33 307.80 2.84
Pivot 348.8 509.2 824.92 306.40 2.81
Support 1 347.3 502.6 820.1 304.3 2.8
Support 2 346.5 498.9 816.67 302.90 2.75
Support 3 345.0 492.3 811.83 300.80 2.72

Economic Reports, source: 

www.forexfactory.com

Date 4:21pm Currency Impact Detail Actual Forecast Previous Graph
TueSep 18  3:15am EUR
ECB President Draghi Speaks
10:00am USD
NAHB Housing Market Index
66 67
4:00pm USD
TIC Long-Term Purchases
65.1B -36.5B

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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Rollover notice +Levels for 9.13.18

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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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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 December contract.
Starting Sept. 13th, the December 2018 futures contracts will be the front month contracts. It is recommended that all new positions be placed in the December 2018 contract as of September 13th. Volume in the Sept. 2018 contracts will begin to drop off until its expiration on Friday September 21st.
The month code for December is Z8
Traders with electronic trading software should make sure that defaults reflect the proper contract as of Friday morning.
Please close any open Sept. Currency positions by the close on Friday the 14th.

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

09-13-2018

 

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2911.25 7657.67 26355 1744.63 6513.09
Resistance 2 2903.25 7599.33 26260 1733.57 6430.38
Resistance 1 2895.50 7541.67 26131 1724.23 6362.74
Pivot 2887.50 7483.33 26036 1713.17 6280.03
Support 1 2879.75 7425.67 25907 1703.83 6212.39
Support 2 2871.75 7367.33 25812 1692.77 6129.68
Support 3 2864.00 7309.67 25683 1683.43 6062.04
Contract December Gold #GC_F Dec. Silver #SI-F Oct. Crude Oil #CL-F Dec.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1234.0 14.58 72.95 142 20/32 1.1746
Resistance 2 1224.0 14.45 72.10 142 16/32 1.1700
Resistance 1 1217.7 14.37 71.19 142 12/32 1.1666
Pivot 1207.7 14.24 70.34 142  8/32 1.1620
Support 1 1201.4 14.16 69.43 142  4/32 1.1586
Support 2 1191.4 14.03 68.58 142 1.1540
Support 3 1185.1 13.95 67.67 141 28/32 1.1506
Contract Dec.  Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F
Resistance 3 377.3 552.9 873.33 330.80 2.91
Resistance 2 371.7 541.1 859.17 325.40 2.89
Resistance 1 362.1 523.9 849.58 321.90 2.86
Pivot 356.4 512.1 835.42 316.50 2.84
Support 1 346.8 494.9 825.8 313.0 2.8
Support 2 341.2 483.1 811.67 307.60 2.79
Support 3 331.6 465.9 802.08 304.10 2.76

Economic Reports, source: 

www.forexfactory.com

Date 4:08pm Currency Impact Detail Actual Forecast Previous Graph
ThuSep 13  2:00am EUR
German Final CPI m/m
0.1% 0.1%
2:45am EUR
French Final CPI m/m
0.5% 0.5%
7:45am EUR
Main Refinancing Rate
0.00% 0.00%
8:30am EUR
ECB Press Conference
USD
CPI m/m
0.3% 0.2%
USD
Core CPI m/m
0.2% 0.2%
USD
Unemployment Claims
210K 203K
10:00am USD
FOMC Member Quarles Speaks
10:30am USD
Natural Gas Storage
65B 63B
1:01pm USD
30-y Bond Auction
3.09|2.3
1:15pm USD
FOMC Member Bostic Speaks
2:00pm USD
Federal Budget Balance
-169.8B -76.9B

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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Grain Report tomorrow +Levels for Tuesday 9.12.18

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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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Grain report tomorrow will move the beans, wheat, corn, bean oil, oats and will also impact the cattle, hogs and feeders markets. Mark the time and do your research if you are trading these markets. Report comes out at 11 Am CDT.
If you are not a grain trader, it may be of interest for you to follow and observe price action tomorrow.
regardless, i thought the following image is educational by nature, from https://www.futuresfundamentals.org

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

09-12-2018

 

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2924.50 7675.92 26369 1743.97 6615.89
Resistance 2 2908.75 7600.33 26203 1734.63 6509.24
Resistance 1 2898.75 7555.67 26095 1727.47 6383.32
Pivot 2883.00 7480.08 25929 1718.13 6276.67
Support 1 2873.00 7435.42 25821 1710.97 6150.75
Support 2 2857.25 7359.83 25655 1701.63 6044.10
Support 3 2847.25 7315.17 25547 1694.47 5918.18
Contract December Gold #GC_F Dec. Silver #SI-F Oct. Crude Oil #CL-F Dec.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1216.3 14.60 72.21 143 16/32 1.1720
Resistance 2 1209.6 14.43 70.88 143  5/32 1.1685
Resistance 1 1206.0 14.30 70.14 142 19/32 1.1642
Pivot 1199.3 14.13 68.81 142  8/32 1.1606
Support 1 1195.7 14.00 68.07 141 22/32 1.1563
Support 2 1189.0 13.83 66.74 141 11/32 1.1528
Support 3 1185.4 13.70 66.00 140 25/32 1.1485
Contract Dec.  Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F
Resistance 3 370.9 527.0 853.92 325.10 2.90
Resistance 2 369.6 524.8 849.08 322.80 2.87
Resistance 1 368.2 521.8 840.42 319.50 2.85
Pivot 366.8 519.5 835.58 317.20 2.82
Support 1 365.4 516.5 826.9 313.9 2.8
Support 2 364.1 514.3 822.08 311.60 2.77
Support 3 362.7 511.3 813.42 308.30 2.75

Economic Reports, source: 

www.forexfactory.com

Date 2:34pm Currency Impact Detail Actual Forecast Previous Graph
WedSep 12  4:00am EUR
Italian Industrial Production m/m
-0.4% 0.5%
5:00am EUR
Industrial Production m/m
-0.5% -0.7%
EUR
Italian Quarterly Unemployment Rate
10.8% 11.1%
Tentative EUR
German 30-y Bond Auction
0.94|1.6
8:30am USD
PPI m/m
0.2% 0.0%
USD
Core PPI m/m
0.2% 0.1%
10:30am USD
Crude Oil Inventories
-1.3M -4.3M
12:45pm USD
FOMC Member Brainard Speaks
1:01pm USD
10-y Bond Auction
2.96|2.5
2:00pm USD
Beige Book

 

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: Who is Cannon Trading +Levels for Tuesday 9.11.18

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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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We remember 9.11.2001!! Our thoughts and prayers to the victims and their families.
 Tomorrow we will be presenting a guest webinar over at our friends www.futures.io
For those of you who are not as familiar with our company, this can be a good opportunity to get to to know Cannon trading, our services and how can Cannon HELP YOU THE TRADER regardless if you are a beginner, advanced trader, options seller, day-trader or anything in between.
Sept. 11th at 4:30 EST, register at:

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

09-11-2018

 

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2902.08 7559.33 26200 1738.70 6842.85
Resistance 2 2895.17 7521.42 26131 1732.40 6683.78
Resistance 1 2887.08 7489.83 26013 1725.60 6481.73
Pivot 2880.17 7451.92 25944 1719.30 6322.66
Support 1 2872.08 7420.33 25826 1712.50 6120.61
Support 2 2865.17 7382.42 25757 1706.20 5961.54
Support 3 2857.08 7350.83 25639 1699.40 5759.49
Contract December Gold #GC_F Dec. Silver #SI-F Oct. Crude Oil #CL-F Dec.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1211.9 14.47 69.44 143  9/32 1.1732
Resistance 2 1207.8 14.38 68.98 143  2/32 1.1677
Resistance 1 1204.3 14.29 68.25 142 29/32 1.1640
Pivot 1200.2 14.20 67.79 142 22/32 1.1585
Support 1 1196.7 14.12 67.06 142 17/32 1.1548
Support 2 1192.6 14.03 66.60 142 10/32 1.1493
Support 3 1189.1 13.94 65.87 142  5/32 1.1456
Contract Dec.  Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F
Resistance 3 372.5 549.8 856.25 325.90 2.89
Resistance 2 370.3 539.4 853.75 322.80 2.85
Resistance 1 368.8 533.8 849.50 320.70 2.83
Pivot 366.5 523.4 847.00 317.60 2.79
Support 1 365.0 517.8 842.8 315.5 2.8
Support 2 362.8 507.4 840.25 312.40 2.73
Support 3 361.3 501.8 836.00 310.30 2.70

Economic Reports, source: 

www.forexfactory.com

Date 4:09pm Currency Impact Detail Actual Forecast Previous Graph
TueSep 11  1:30am EUR
French Final Private Payrolls q/q
0.2% 0.2%
5:00am EUR
German ZEW Economic Sentiment
-13.4 -13.7
EUR
Employment Change q/q
0.4% 0.4%
EUR
ZEW Economic Sentiment
-10.9 -11.1
6:00am USD
NFIB Small Business Index
108.2 107.9
10:00am USD
Final Wholesale Inventories m/m
0.7% 0.7%
USD
JOLTS Job Openings
6.68M 6.66M

 

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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