Should farmers worry about lower South America Currencies value? & Levels 6.07.2018

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,

Should U.S. Farmers Fret About Falling Ag Currencies?
CMEGroup.com 
Argentina has slipped into a financial crisis, again. The Argentine peso has fallen 23% against the U.S. dollar this year. The central bank has raised interest rates to 40% to combat capital flight. The currencies of other major agricultural exporters are also suffering. The Brazilian real is down 15% since January 23 while the Russian rouble has declined 10% over the same period (Figure 1).
The Ukrainian hryvnia has, however, held its own but could suffer a devaluation at any moment. Outside of these major agricultural exporters, other countries such as Turkey are also experiencing sharp falls in the value of their currencies. Yet, so far, the prices of corn, soy and wheat have reacted with a yawn. Should American farmers be nervous?
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Looking to save on monthly data fees?
Our E-Futures platform offers a top of the book option for data feed fees from the CME that is charged monthly to your account.  Instead of paying the traditional $15.00 bundle to receive data feed from the CME , NYMEX, COMEX and CBOT or  $5.00 per exchange, you now have the choice with our E-Futures platform to select top of the book which costs $3.00 for the CME bundle or $1.00 per exchange charged monthly.
Top of the book = best bid and best offer. One level of each side of the DOM
Depth of market ( DOM) = Top 10 levels on each side of current market price.
Questions? Like to try in demo mode? Call us at +310 859 9572 or contact us at: https://www.cannontrading.com/company/contact 

 

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

06-07-2018

Contract June 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2805.00 7315.33 25591 1697.63 7828.44
Resistance 2 2788.75 7266.17 25369 1688.07 7753.16
Resistance 1 2780.50 7240.58 25255 1682.93 7637.63
Pivot 2764.25 7191.42 25033 1673.37 7562.35
Support 1 2756.00 7165.83 24919 1668.23 7446.82
Support 2 2739.75 7116.67 24697 1658.67 7371.54
Support 3 2731.50 7091.08 24583 1653.53 7256.01
Contract August Gold #GC_F July Silver #SI-F July Crude Oil #CL-F June  Bonds  #ZB_F June  Euro #6E_F
Resistance 3 1313.8 17.08 67.63 144  6/32 1.1900
Resistance 2 1310.0 16.92 66.80 143 25/32 1.1852
Resistance 1 1305.4 16.82 65.94 143  3/32 1.1818
Pivot 1301.6 16.66 65.11 142 22/32 1.1770
Support 1 1297.0 16.56 64.25 142 1.1736
Support 2 1293.2 16.40 63.42 141 19/32 1.1688
Support 3 1288.6 16.30 62.56 140 29/32 1.1654
Contract July  Corn #ZC_F July Wheat #ZW_F July Beans #ZS_F July SoyMeal #ZM_F July Nat Gas #NG_F
Resistance 3 390.3 544.9 1014.08 371.27 2.96
Resistance 2 387.8 538.1 1009.92 369.93 2.93
Resistance 1 383.0 528.9 1002.08 367.47 2.92
Pivot 380.5 522.1 997.92 366.13 2.89
Support 1 375.8 512.9 990.1 363.7 2.9
Support 2 373.3 506.1 985.92 362.33 2.86
Support 3 368.5 496.9 978.08 359.87 2.84

Economic Reports, source: 

http://app.bettertrader.co 

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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.

Save on Market Data Fees & Support & Resistance Levels 6.6.2018 #ES_F #GC_F #CL_F

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,

I hope tomorrow’s date of 6.6.18 means it will be a great trading day for EVERYONE….( obviously not possible but 🙂
Crude Oil Inventories to make some waves with an already somewhat erratic crude oil market at 9:30 AM CDT.
On a more serious topic:
Looking to save on monthly data fees?
Our E-Futures platform offers a top of the book option for data feed fees from the CME that is charged monthly to your account.  Instead of paying the traditional $15.00 bundle to receive data feed from the CME , NYMEX, COMEX and CBOT or  $5.00 per exchange, you now have the choice with our E-Futures platform to select top of the book which costs $3.00 for the CME bundle or $1.00 per exchange charged monthly.
Top of the book = best bid and best offer. One level of each side of the DOM
Depth of market ( DOM) = Top 10 levels on each side of current market price.
Questions? Like to try in demo mode? Call us at +310 859 9572 or contact us at: https://www.cannontrading.com/company/contact 
Last but not least: heads up, gold front month is now AUGUST = Q
Front month for bonds and other financials is September.

 

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

06-06-2018

Contract June 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2769.33 7242.50 25031 1686.23 8045.52
Resistance 2 2760.92 7213.50 24946 1676.37 7856.13
Resistance 1 2755.83 7195.50 24880 1671.13 7737.46
Pivot 2747.42 7166.50 24795 1661.27 7548.07
Support 1 2742.33 7148.50 24729 1656.03 7429.40
Support 2 2733.92 7119.50 24644 1646.17 7240.01
Support 3 2728.83 7101.50 24578 1640.93 7121.34
Contract August Gold #GC_F July Silver #SI-F July Crude Oil #CL-F June  Bonds  #ZB_F June  Euro #6E_F
Resistance 3 1317.2 16.76 67.20 144 11/32 1.1836
Resistance 2 1311.0 16.66 66.38 144  4/32 1.1789
Resistance 1 1305.9 16.58 65.86 143 26/32 1.1757
Pivot 1299.7 16.48 65.04 143 19/32 1.1710
Support 1 1294.6 16.40 64.52 143  9/32 1.1677
Support 2 1288.4 16.30 63.70 143  2/32 1.1630
Support 3 1283.3 16.22 63.18 142 24/32 1.1598
Contract July  Corn #ZC_F July Wheat #ZW_F July Beans #ZS_F July SoyMeal #ZM_F July Nat Gas #NG_F
Resistance 3 388.8 525.3 1015.75 374.37 2.98
Resistance 2 386.9 522.0 1011.25 372.83 2.95
Resistance 1 385.3 516.0 1006.25 370.07 2.92
Pivot 383.4 512.8 1001.75 368.53 2.90
Support 1 381.8 506.8 996.8 365.8 2.9
Support 2 379.9 503.5 992.25 364.23 2.84
Support 3 378.3 497.5 987.25 361.47 2.81

Economic Reports, source: 

http://app.bettertrader.co 

 

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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.

Support & Resistance Levels 6.5.2018 #ES_F #GC_F #CL_F

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,

Volatility is a key ingredient to ANY market you trade…….It shapes the type of trading environment you are in. It determines the type of trading strategies that may fit better than others.
Some traders and models work better in high volatility markets. Others perform better in low volatility situations.
Do you know if you ( your trading method) work better in market conditions with lower or higher volatility?
Do you know what is the current volatility measure in the markets you trade?
On a different topic: heads up, gold front month is now AUGUST = Q
Front month for bonds and other financials is September.

 

 

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

05-30-2018

Contract June 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2774.08 7255.17 25211 1673.43 8165.97
Resistance 2 2761.67 7203.33 25037 1664.77 7973.31
Resistance 1 2753.83 7175.42 24919 1658.93 7734.52
Pivot 2741.42 7123.58 24745 1650.27 7541.86
Support 1 2733.58 7095.67 24627 1644.43 7303.07
Support 2 2721.17 7043.83 24453 1635.77 7110.41
Support 3 2713.33 7015.92 24335 1629.93 6871.62
Contract August Gold #GC_F July Silver #SI-F July Crude Oil #CL-F June  Bonds  #ZB_F June  Euro #6E_F
Resistance 3 1309.4 16.71 67.23 144 16/32 1.1835
Resistance 2 1305.8 16.63 66.64 144  7/32 1.1795
Resistance 1 1300.9 16.53 65.76 143 22/32 1.1751
Pivot 1297.3 16.45 65.17 143 13/32 1.1712
Support 1 1292.4 16.35 64.29 142 28/32 1.1668
Support 2 1288.8 16.27 63.70 142 19/32 1.1628
Support 3 1283.9 16.17 62.82 142  2/32 1.1584
Contract July  Corn #ZC_F July Wheat #ZW_F July Beans #ZS_F July SoyMeal #ZM_F July Nat Gas #NG_F
Resistance 3 392.8 525.0 1019.92 378.63 3.02
Resistance 2 390.3 520.3 1016.08 376.57 3.00
Resistance 1 385.5 512.8 1008.92 372.73 2.96
Pivot 383.0 508.0 1005.08 370.67 2.94
Support 1 378.3 500.5 997.9 366.8 2.9
Support 2 375.8 495.8 994.08 364.77 2.89
Support 3 371.0 488.3 986.92 360.93 2.85

Economic Reports, source: 

http://app.bettertrader.co 

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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.

Job report tomorrow along with trading levels for the market moving report 6.01.2018

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,

Job Report Tomorrow from the CMEGroup.com
Jim and Scott discuss trading E-mini S&P 500 weekly options as a way to hedge or increase exposure in the markets ahead of the US Jobs Report coming out.  Watch Video to learn more.
On a different topic: heads up, gold front month is now AUGUST = Q
Front month for bonds and other financials is September.
Stocks will rollover next week and we will send out a  notice.

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

06-01-2018

Contract June 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2783.25 7089.08 25199 1691.87 7768.17
Resistance 2 2756.25 7041.92 24957 1672.33 7662.39
Resistance 1 2739.75 7012.83 24809 1659.87 7485.36
Pivot 2712.75 6965.67 24567 1640.33 7379.58
Support 1 2696.25 6936.58 24419 1627.87 7202.55
Support 2 2669.25 6889.42 24177 1608.33 7096.77
Support 3 2652.75 6860.33 24029 1595.87 6919.74
Contract August Gold #GC_F July Silver #SI-F July Crude Oil #CL-F Sept.  Bonds  #ZB_F June  Euro #6E_F
Resistance 3 1319.1 16.89 71.30 147 21/32 1.1892
Resistance 2 1313.9 16.73 69.90 146 25/32 1.1792
Resistance 1 1310.3 16.63 69.14 145 23/32 1.1734
Pivot 1305.1 16.48 67.74 144 27/32 1.1634
Support 1 1301.5 16.38 66.98 143 25/32 1.1576
Support 2 1296.3 16.22 65.58 142 29/32 1.1476
Support 3 1292.7 16.12 64.82 141 27/32 1.1418
Contract July  Corn #ZC_F July Wheat #ZW_F July Beans #ZS_F July SoyMeal #ZM_F July Nat Gas #NG_F
Resistance 3 403.8 542.7 1041.50 387.60 2.95
Resistance 2 400.7 536.3 1034.50 383.90 2.93
Resistance 1 397.1 529.2 1028.75 380.40 2.91
Pivot 393.9 522.8 1021.75 376.70 2.89
Support 1 390.3 515.7 1016.0 373.2 2.9
Support 2 387.2 509.3 1009.00 369.50 2.85
Support 3 383.6 502.2 1003.25 366.00 2.83

Economic Reports, source: 

http://app.bettertrader.co 

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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.

Watch Videos on Using Support and Resistance Levels and Other Trading Tools! 5.31.2018

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,

Trading 102: Educational Trading 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….

Continue reading “Watch Videos on Using Support and Resistance Levels and Other Trading Tools! 5.31.2018”

What Makes Gold Move? – Resistance Levels 5.29.2018

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,

What are the Best Approaches for Long-Term Gold Futures Price Forecasting?

Author: Mark O’Brien, Senior Broker at Cannon Trading Co, Inc.

There is no easy answer to what the best strategy is to predicting price movement in gold futures, much less any other commodity. Given that rather glum starting point, there are approaches that analysts and economists use to forecast prices. One most commonly employed is the use of broad-based commodity indexes – in which prices of food, energy, other metals, lumber, etc. are aggregated to gauge overall commodity price inflation – or the lack thereof.

Continue reading “What Makes Gold Move? – Resistance Levels 5.29.2018”

What are the Best Approaches for Long-Term Gold Futures Price Forecasting?

Author: Mark O’Brien, Senior Broker at Cannon Trading Co, Inc.

There is no easy answer to what the best strategy is to predicting price movement in gold futures, much less any other commodity.  Given that rather glum starting point, there are approaches that analysts and economists use to forecast prices.  One most commonly employed is the use of broad-based commodity indexes – in which prices of food, energy, other metals, lumber, etc. are aggregated to gauge overall commodity price inflation – or the lack thereof.

Another strategy is to look for trends in the economic measurements of major developed and developing countries, such as business and consumer confidence, retail sales, interest rates, production of energy products (unleaded gas, heating oil, jet fuel, natural gas) and industrial metals (steel, aluminum).  These can also be aggregated to provide a broader reflection of global inflation. Continue reading “What are the Best Approaches for Long-Term Gold Futures Price Forecasting?”

Support & Resistance Levels 5.24.2018.. #ZW_F #ES_F #NQ_F #RTY_F #SI_F #GC_F #CL_F

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,

Memorial Day 2018 Holiday Schedule for CME / Globex and ICE Exchange
 
Memorial Day 2018 Holiday Schedule for CME / Globex and ICE Exchanges

Continue reading “Support & Resistance Levels 5.24.2018.. #ZW_F #ES_F #NQ_F #RTY_F #SI_F #GC_F #CL_F”