Daily Support & Resistance Levels

This blog provides daily support and resistance levels for major commodities, indices, and financial futures contracts, along with market outlooks and insights.

August 4, 2026
automated futures trading

Automated Trading Systems – Your Important Futures Trading Guide for August 5th, 2026

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At A Glance Levels

Instrument S2 S1 Pivot R1 R2

Gold (GC)

— Dec. (#GC)

4067.40 4102.20 4133.00 4167.80 4198.60

Silver (SI)

— Sept. (#SI)

57.33 58.58 59.43 60.68 61.53

Crude Oil (CL)

— Sept. (#CL)

70.44 72.88 77.61 80.05 84.78

 Sept. Bonds (ZB)

— Sept. (#ZB)

108 9/32 109 5/32 109 18/32 110 14/32 110 27/32

Today’s Featured Automated Trading Systems:

automated

In today’s markets, speed, consistency, and discipline can often be just as important as market insight itself. That’s why many traders turn to automated trading systems, leveraging predefined rules and technology to remove emotion from the decision-making process. Today we’re highlighting a couple of systems that take a systematic approach to the markets, offering traders an opportunity to evaluate strategies built around objective, rule-based execution

Balance Intraday v.3.1 _ Mini-Russell

NEO LVL01DELTA intraday GOLD GC

  • Futures Trading is risky and not suitable for everyone. Past performance is NOT indicative of future results

Need help evaluating different systems? get some insight from an experienced series 3 broker?

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September – November Bean Spread

The September – November Soybean Spread is extending its slide into new contract lows. At this point, the chart is taking aim at its third downside PriceCount objective to the -21 area. It would be normal to get a near term reaction from this level in the form of a consolidation or corrective trade, at least. Financial full carry of the spread is near -30.

If you would like to understand and learn more about “Financial Full Carry”, here is a piece from the CME that explains the math and eludes to potential market direction changes given certain market dynamics with grain/oilseed spread pricing.

https://www.cmegroup.com/trading/agricultural/files/pm2307-grains-oilseeds_v2_web.pdf

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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved.

It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk.

Learn more at www.qtchartoftheday.com

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

Cannon Edge — Your Daily Futures Snapshot for August 5th

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Cannon Edge is our new daily feature designed to give traders a fast, actionable overview of key futures markets. Each post delivers:

·    Current price and daily % change

·    30‑day and 52‑week highs/lows

·    PROPRIETARY Short‑term and long‑term trend signals

·    Coverage across equity indices, metals, energies, currencies, and ags

Whether you’re scanning for breakout setups, trend reversals, or just staying informed — Cannon Edge puts the data in your hands before the open.

 Built for speed. Backed by insight. Powered by CQG.

Daily Levels for August 5th, 2026

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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.

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