Trading Contest – Support & Resistance Levels 8.2.2018

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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

 

 

Do you have what it takes?

 

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: 

www.forexfactory.com 

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.

Posted in: Future Trading News  

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