Trading Contest – Support & Resistance Levels 8.2.2018
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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Dear Traders,
Trading Competition
Start: August 19th at 5 PM CT
End: August 31st at 4 PM CT
Prizes (Commission Credits)
First Place: $1,000
Second Place: $500
Third Place: $250
Competition Details
- All trades will be completed in the GAIN Trader Simulated Trading Environment using the white-labeled Contest Trader application
- All traders will begin with a virtual account of $100,000. Your goal: increase the balance to as much as possible by the conclusion of the competition
- Choose to trade from CME Group’s Gold(GGC), Crude Oil(GCL), Corn(ZC), Wheat(ZW), Soybean(ZS) products, and the 10-year treasury note(ZN)
- Top three traders with the highest P&L balance at the end will get commission credits towards their live account trading post the contest
- Contestants do not need to have a current live or active account, but the commission credits to the winners will only be credited to live trading on GAIN Capital Futures accounts
Rules/Guidelines
- This trading completion is limited to non-professional individuals only. Entities and NFA registered persons are not eligible
- Simulated commission charges set at $5.00 per side inclusive of fees
- Only 1 demo account is permitted per client for the contest
- Futures only will be traded
- Top 10 rankings will be updated prior to the next trading day on https://gainfutures.com/ at close of market, with the winners announced Tuesday September 4, 2018
- Using the Contest Trader front-end trading application will be mandatory amongst all contestants
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
08-02-2018
| Contract September 2018 | SP500 #ES_F | Nasdaq100 #NQ_F | Dow Jones #YM_F | Mini Russell #RTY_F | BitCoin Index #XBT_F |
| Resistance 3 | 2841.92 | 7365.08 | 25643 | 1697.23 | 8039.01 |
| Resistance 2 | 2833.83 | 7334.42 | 25558 | 1687.27 | 7906.56 |
| Resistance 1 | 2821.67 | 7302.33 | 25418 | 1677.53 | 7728.14 |
| Pivot | 2813.58 | 7271.67 | 25333 | 1667.57 | 7595.69 |
| Support 1 | 2801.42 | 7239.58 | 25193 | 1657.83 | 7417.27 |
| Support 2 | 2793.33 | 7208.92 | 25108 | 1647.87 | 7284.82 |
| Support 3 | 2781.17 | 7176.83 | 24968 | 1638.13 | 7106.40 |
| Contract | December Gold #GC_F | Sept. Silver #SI-F | Sept. Crude Oil #CL-F | Sept. Bonds #ZB_F | Sept. Euro #6E_F |
| Resistance 3 | 1240.4 | 15.67 | 69.65 | 144 17/32 | 1.1769 |
| Resistance 2 | 1237.1 | 15.62 | 69.09 | 143 29/32 | 1.1754 |
| Resistance 1 | 1231.1 | 15.51 | 68.44 | 143 3/32 | 1.1726 |
| Pivot | 1227.8 | 15.46 | 67.88 | 142 15/32 | 1.1711 |
| Support 1 | 1221.8 | 15.35 | 67.23 | 141 21/32 | 1.1684 |
| Support 2 | 1218.5 | 15.30 | 66.67 | 141 1/32 | 1.1669 |
| Support 3 | 1212.5 | 15.19 | 66.02 | 140 7/32 | 1.1641 |
| Contract | Dec. Corn #ZC_F | Sept. Wheat #ZW_F | Nov. Beans #ZS_F | Dec. SoyMeal #ZM_F | Sept. Nat Gas #NG_F |
| Resistance 3 | 394.1 | 573.5 | 916.67 | 346.47 | 2.82 |
| Resistance 2 | 390.7 | 569.8 | 912.58 | 343.73 | 2.80 |
| Resistance 1 | 385.1 | 564.0 | 907.17 | 339.87 | 2.78 |
| Pivot | 381.7 | 560.3 | 903.08 | 337.13 | 2.76 |
| Support 1 | 376.1 | 554.5 | 897.7 | 333.3 | 2.7 |
| Support 2 | 372.7 | 550.8 | 893.58 | 330.53 | 2.73 |
| Support 3 | 367.1 | 545.0 | 888.17 | 326.67 | 2.70 |
Economic Reports, source:
| Date | 3:38pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| ThuAug 2 | 3:00am | EUR |
Spanish Unemployment Change
|
-87.6K | -90.0K | ||||
| 4:30am | GBP |
Construction PMI
|
52.8 | 53.1 | |||||
| 5:00am | EUR |
PPI m/m
|
0.3% | 0.8% | |||||
| Tentative | EUR |
Spanish 10-y Bond Auction
|
1.31|1.5 | ||||||
| Tentative | EUR |
French 10-y Bond Auction
|
0.67|1.9 | ||||||
| 7:00am | GBP |
BOE Inflation Report
|
|||||||
| GBP |
MPC Official Bank Rate Votes
|
7-0-2 | 3-0-6 | ||||||
| GBP |
Monetary Policy Summary
|
||||||||
| GBP |
Official Bank Rate
|
0.75% | 0.50% | ||||||
| GBP |
Asset Purchase Facility
|
435B | 435B | ||||||
| GBP |
MPC Asset Purchase Facility Votes
|
0-0-9 | 0-0-9 | ||||||
| 7:30am | GBP |
BOE Gov Carney Speaks
|
|||||||
| USD |
Challenger Job Cuts y/y
|
19.6% | |||||||
| 8:30am | USD |
Unemployment Claims
|
220K | 217K | |||||
| 10:00am | USD |
Factory Orders m/m
|
0.7% | 0.4% | |||||
| 10:30am | USD |
Natural Gas Storage
|
39B | 24B |
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.
