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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.

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Dear Traders,

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FOMC tomorrow
What a Single tweet Can Do….
This morning at 6:47 Am pacific time ( 9:47 AM EST), “conveniently” 17 minutes after stock market opens…President Trump Tweeted: ” We are very close to a deal with China….”At that time, SP were lower by few points, NASDAQ was lower by about 20 points…Within seconds and minutes, the markets had a monster rally!!
The Point of the story is that I actually heard the tweet in real-time as it came out. In a digitized voice!
I use an app that sits on my browser and reads for me real time tweets based on my criteria. one of them is any Trump tweets.
In addition the app also lets me know what economic reports are coming out, large moves in the markets, trade ideas based on economic reports, past statistics and much more!!
You an see a screen shot of how the app looks like and sign up for 7 days trial HERE
PS: Start trading March stock indices like NQH20, ESH20 etc.
It is time to
PS2: Tomorrow is Friday the 13th….

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 when it comes to Futures Trading.

 

Futures Trading Levels

12-13-2019

Futures Trading


Economic Reports, source: 

bettertrader.co

 

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  

Trading Expertise As Featured In

Trading Tips You Can Use Right Away!


Watch 4 short videos on the topics of:
  • Using Bollinger Bands and Parabolics
  • Using range Bars for Day-Trading
  • The concept of Price Confirmation
  • How to Use Support & Resistance Levels
  • License 3 Broker at your Fingertips

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