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Category: Commodity Trading

Investment is a game of money of securing future money by taking a risk today. Trading therefore comes with a list of rules to play by. Commodity trading in particular offers tremendous potential for becoming a completely different asset class.

However, before investing in any kind of commodity, you must do an in depth research and also ask your broker as many questions as possible. Through this category archive we provide you as much information and valuable insights into the world of commodity trading.

We at Cannon Trading are here to help you with your commodity trading needs. You as a trader should select your commodity trading advisor only after performing a due diligence on him/her. We in fact do that for you. This way, you get only the best advice to help you with your commodity trading.

We’ve got the information that you might need at every step of commodity trading, and you’ll find it all right here in the commodity trading section of our blog. Read up, and read on to get equipped!

No Trade is Better Than a Bad Trade | Support and Resistance Levels

Posted on by Ilan

Jump to a section in this post:
1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Thursday May 3, 2012

 

Hello Traders

I was thinking of what I can share with you today and I really didn’t have any valuable thoughts to share and that’s when I remembered that sometimes clients tell me they took a trade when there is really no trade to take BECAUSE…

They felt they “must” take a trade…

because if they didn’t take a trade , they were not doing their job as a trader…

Because they were bored….

and the list goes on…

I think that a big, big part of trading is mental. there many different methods to lose and make money…..but in order to make any method/ approach work, one needs DISCIPLINE and PATIENCE and if you are a day-trader especially, sometimes not taking a trade is the right decision and is more important than where to enter, the stop, targets etc.

Continue reading “No Trade is Better Than a Bad Trade | Support and Resistance Levels”

E-Mini SP 500 – Support and Resistance Levels

Posted on by Ilan

Jump to a section in this post:
1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – March Corn, March Wheat, Jan Beans, March Silver
5.Economic Report for March 7, 2012

Hello Traders,

I mentioned last week I was looking for a confirmation to go short the mini SP500 on a swing trading basis. The confirmation came during last night session when the market broke below the red moving avg. ( my trigger) at 1363.

The hard question now is where does one place a stop, where does one look for profit target? etc.

The answer can vary quite a bit from trader to trader based on ones account size, time frame traded, market outlook and much more….

My initial target is still 1323 followed by 1289 but the hard part is where to place a stop now that the market has moved in my favor?

The proper stop is still around 1371, but like I said, you can attack this in many different ways and only the future will tell which route was the best to manage this trade…..

EP - E- mini S&P 500, Equalized Active Daily Continuation
EP – E- mini S&P 500, Equalized Active Daily Continuation

Continue reading “E-Mini SP 500 – Support and Resistance Levels”

Crude Oil Chart | Support and Resistance Levels

Posted on by Ilan

Jump to a section in this post:
1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – March Corn, March Wheat, Jan Beans, March Silver
5.Economic Report for March 6, 2012
Hello Traders,

Another day of light economic reports ahead of us before we go into a stretch of 3 FULL days of important economic reports with the biggest ones on Friday, monthly unemployment and USDA for the grains.

I think that some days, the biggest challenge a day-trader may have is NOT taking trades when there are no set ups.

I know from experience and talking to clients, that here are days when there very few set ups if at all, but the day-trader feels he or she didn’t do their job because they did not take any trades….at that point, they will look for trades when normally he/she would not take that type of trades. That usually leads to negative results. While it may be frustrating not to have set ups you like, the disciplined trader will continue to wait patiently, as hard as it may be, knowing that “no trade, is better than a bad trade”. This is how I felt about today’s trading in stock indices for most of the day….

Crude Oil on the other hand, had a few good set ups and this is part of the reason I like to follow about 2-4 different markets for day trading. I try to pick markets from different segments, so I will look at either the mini SP or the mini Russell. I like the crude oil market and gold and at times I will take a look at one of the grain markets OR the Euro or any other market that has low correlation with the other ones I look at.

Below is a volume chart from today’s crude oil market using volume charts:

Market Commentary Continue reading “Crude Oil Chart | Support and Resistance Levels”

Tuesday Morning Support and Resistance

Posted on by Ilan

Here’s a morning cup o’ joe for all you futures traders, our morning support and resistance levels. Good trading!

divider black 190

Support and Resistance Levels – S&P 500, Nasdaq 100, Dow Jones, Mini Russell 2000, 30-Year US Bond, 10-Year US Note

Contract Mini S&P 500 (Mar) Mini Nasdaq 100 (Mar) Dow Jones (Mar) Mini Russell 2000 (Mar) 30-Year US Bond (June) 10-Year US Note (June)
Resistance Level 3——————————————Resistance Level 2 

——————————————

Resistance Level 1

——————————————

Support Level 1

——————————————

Support Level 2

——————————————

Support Level 3

 1377.251367.5

 

1361.5

 

1350.5

 

1348

 

1332.5

 26502628

 

2613

 

2583

 

2569

 

2563

 1304212969

 

12925

 

12912

 

12973

 

12833

 814.8809.9

 

804.3

 

793.8

 

784.60

 

769.2

 1422514208

 

14123

 

14102

 

14021

 

13924

 13128.513115

 

13109

 

13029

 

13022

 

13010

Continue reading “Tuesday Morning Support and Resistance”

Monday Morning Support and Resistance

Posted on by Ilan

Here’s a morning cup o’ joe for all you futures traders, our morning support and resistance levels. Good trading!

divider black 190

Support and Resistance Levels – S&P 500, Nasdaq 100, Dow Jones, Mini Russell 2000, 30-Year US Bond, 10-Year US Note

Contract Mini S&P 500 (Mar) Mini Nasdaq 100 (Mar) Dow Jones (Mar) Mini Russell 2000 (Mar) 30-Year US Bond (June) 10-Year US Note (June)
Resistance Level 3—————————————— Resistance Level 2——————————————

Resistance Level 1

——————————————

Support Level 1

——————————————

Support Level 2

——————————————

Support Level 3

 1381.751377.25

 

1371

 

1366.5

 

1360.75

 

1355.5

 26632650.25

 

2641

 

2623

 

2608

 

2596

 1313313042

 

12985

 

12912

 

12973

 

12833

 815.7811

 

805.6

 

792.20

 

784.60

 

769.2

 1420814123

 

14105

 

14102

 

14021

 

13924

 13128.513115

 

13109

 

13029

 

13022

 

13010

Continue reading “Monday Morning Support and Resistance”

Friday Morning Support and Resistance

Posted on by Ilan

Here’s a morning cup o’ joe for all you futures traders, our morning support and resistance levels. Good trading!

divider black 190

Support and Resistance Levels – S&P 500, Nasdaq 100, Dow Jones, Mini Russell 2000, 30-Year US Bond, 10-Year US Note

Contract Mini S&P 500 (Mar) Mini Nasdaq 100 (Mar) Dow Jones (Mar) Mini Russell 2000 (Mar) 30-Year US Bond (June) 10-Year US Note (June)
Resistance Level 3 —————————————— Resistance Level 2 ——————————————Resistance Level 1

——————————————

Support Level 1

——————————————

Support Level 2

——————————————

Support Level 3

 1385.251381.75

1377

 

1366.5

 

1360.75

 

1355.5

 26632653.25

2649

 

2623

 

2608

 

2596

 1313313078

13042

 

12956

 

12913

 

12871

 824.20820.70

817.1

 

806.5

 

801.4

 

783.20

 1420814123

14105

 

14002

 

13924

 

13914

 1310913103.5

13029.5

 

13020

 

13016.5

 

13010

Continue reading “Friday Morning Support and Resistance”

Strategy Runner Announcement | Support and Resistance Levels

Posted on by Ilan

Jump to a section in this post:
1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – March Corn, March Wheat, Jan Beans, March Silver
5.Economic Report for March 2, 2012
Hello Traders,

Cannon Trading is one of the few futures brokers still able to offer Strategy Runner to our clients, if you’re interested in trying a demo contact us today!

You can sign up for a free 30-day demo on our website: https://www.cannontrading.com/platform-strategy-runner.php

2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000

Contract (March 2012) SP500
(big & Mini)		 Nasdaq100
(big & Mini)		 Dow Jones
(big & Mini)		 Mini Russell
Resistance Level 3 1384.40 2672.67 13086 841.70
Resistance Level 2 1379.70 2659.33 13052 832.70
Resistance Level 1 1376.10 2651.67 13008 823.50
Pivot Point 1371.40 2638.33 12974 814.50
Support Level 1 1367.80 2630.67 12930 805.30
Support Level 2 1363.10 2617.33 12896 796.30
Support Level 3 1359.50 2609.67 12852 787.10

Continue reading “Strategy Runner Announcement | Support and Resistance Levels”

Thursday Morning Support and Resistance

Posted on by Ilan

Here’s a morning cup o’ joe for all you futures traders, our morning support and resistance levels. Good trading!

divider black 190

Support and Resistance Levels – S&P 500, Nasdaq 100, Dow Jones, Mini Russell 2000, 30-Year US Bond, 10-Year US Note

Contract Mini S&P 500 (Mar) Mini Nasdaq 100 (Mar) Dow Jones (Mar) Mini Russell 2000 (Mar) 30-Year US Bond (June) 10-Year US Note (June)
Resistance Level 3—————————————— Resistance Level 2——————————————Resistance Level 1

——————————————

Support Level 1

——————————————

Support Level 2

——————————————

Support Level 3

 1385.251381.75 

1376

 

1366.5

 

1360.75

 

1355.5

 26632653.25 

2645

 

2619

 

2607

 

2619

 1313313078 

13042

 

12956

 

12913

 

12871

 824.20820.70 

817.1

 

806.5

 

801.4

 

783.20

 1421314129 

14112

 

13924

 

13914

 

13505

 13104.513030.5 

13024

 

13012

 

13001.5

 

12926

Continue reading “Thursday Morning Support and Resistance”

Mini S&P 500 – Support and Resistance Levels

Posted on by Ilan

Jump to a section in this post:
1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – March Corn, March Wheat, Jan Beans, March Silver
5.Economic Report for March 1, 2012

Happy Leap Day!

Hello Traders,

Daily chart of the Mini SP500 for your review below.

After more than a few narrow trading sessions on relatively low volume, we had a small reversal and breakout to the down side on above than avg. volume.

I would look to be a seller as a swing trading idea if the market breaks below 1356.

My recommended stop would be 1379.00 and my initial target would be 1323 followed by 1289.

Of course this is just my opinion using technical analysis and each trader should make their own trading decision based on their risk tolerance and their own judgment but I thought I would share it with the blog readers.

Daily chart of the Mini SP500
Daily chart of the Mini SP500

Continue reading “Mini S&P 500 – Support and Resistance Levels”

Wednesday Morning Support and Resistance

Posted on by Ilan

Here’s a morning cup o’ joe for all you futures traders, our morning support and resistance levels. Good trading!

divider black 190

Support and Resistance Levels – S&P 500, Nasdaq 100, Dow Jones, Mini Russell 2000, 30-Year US Bond, 10-Year US Note

Contract Mini S&P 500 (Mar) Mini Nasdaq 100 (Mar) Dow Jones (Mar) Mini Russell 2000 (Mar) 30-Year US Bond (June) 10-Year US Note (June)
Resistance Level 3 —————————————— Resistance Level 2 ——————————————

Resistance Level 1

——————————————

Support Level 1

——————————————

Support Level 2

——————————————

Support Level 3

 1385.251381.75

 

1376

 

1366

 

1360.5

 

1355.25

 26632647.25

 

2642

 

2617

 

2604

 

2592

 1313313078

 

13036

 

12953

 

12909

 

12870

 841.70835.8

 

832

 

823.8

 

821.6

 

812.1

 1431414301

 

14226

 

14206

 

14123

 

14110

 13203.513126

 

13119.5

 

13107.5

 

13101

 

13027.5

Continue reading “Wednesday Morning Support and Resistance”

RISK DISCLOSURE: Past results are not necessarily indicative of future results. The risk of loss in futures trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.