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Category: Future Trading News

As a high risk trading type, futures trading is not for someone who is faint-hearted. Though there are a number of different ways of investing in futures , it is important to stick to what you know. Treading into unknown waters is not something that you should do when dealing in futures.

From managing margins to ordering trades to doing market analysis and more if you want to, you can do that all by yourself – but you may betaking double the risk. Therefore, when trading in futures, it may be better to seek advice from a professional trader.

Professional trading experts at Cannon Trading can help you with your futures trading. We are also there to keep you updated with the latest on futures trading and market news. All the news and latest articles on futures trading are published on our site under the category Archive Futures Trading News, which you are currently browsing through. Read more and the latest here and keep updated.

Bitcoin course + Trading Levels for 10.11.2018

Posted on by Ilan

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

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Dear Traders,

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VOLATILITY:
Markets are experiencing TREMENDOUS volatility. This is not the time to “double down” and make impulse moves and trades as it may cost you your trading account. Control your emotions and make sure you understand the risk ahead of each trade.
Bitcoin is a large portion of a growing digital asset market. Bitcoin futures (BTC) provide traders and investors with transparency, price discovery and risk management capabilities in a regulated environment. Learn what Bitcoin futures are and how you might use them to hedge price exposure to Bitcoin pricing.
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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

10-11-2018

 

Contract December 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2967.42 7676.17 27219 1672.63 6771.81
Resistance 2 2929.33 7544.08 26870 1651.07 6684.50
Resistance 1 2858.42 7297.17 26224 1611.63 6614.43
Pivot 2820.33 7165.08 25875 1590.07 6527.12
Support 1 2749.42 6918.17 25229 1550.63 6457.05
Support 2 2711.33 6786.08 24880 1529.07 6369.74
Support 3 2640.42 6539.17 24234 1489.63 6299.67
Contract December Gold #GC_F Dec. Silver #SI-F Nov. Crude Oil #CL-F Dec.  Bonds  #ZB_F Dec.  Euro #6E_F
Resistance 3 1208.3 14.63 76.72 138 30/32 1.1680
Resistance 2 1202.7 14.54 75.90 138 11/32 1.1644
Resistance 1 1199.7 14.43 74.38 138  2/32 1.1614
Pivot 1194.1 14.34 73.56 137 15/32 1.1578
Support 1 1191.1 14.23 72.04 137  6/32 1.1548
Support 2 1185.5 14.14 71.22 136 19/32 1.1512
Support 3 1182.5 14.03 69.70 136 10/32 1.1482
Contract Dec.  Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Nov. Nat Gas #NG_F
Resistance 3 367.5 516.7 869.33 323.47 3.44
Resistance 2 366.3 515.3 863.92 321.23 3.40
Resistance 1 364.5 512.9 858.08 318.47 3.34
Pivot 363.3 511.6 852.67 316.23 3.29
Support 1 361.5 509.2 846.8 313.5 3.2
Support 2 360.3 507.8 841.42 311.23 3.19
Support 3 358.5 505.4 835.58 308.47 3.12

Economic Reports, source: 

www.forexfactory.com

 

Date 4:18pm Currency Impact Detail Actual Forecast Previous Graph
ThuOct 11 1:00am GBP
BOE Gov Carney Speaks
2:45am EUR
French Final CPI m/m
 -0.2% -0.2%
4:30am GBP
BOE Credit Conditions Survey
5:00am GBP
BOE Gov Carney Speaks
6:45am GBP
MPC Member Vlieghe Speaks
7:30am EUR
ECB Monetary Policy Meeting Accounts
8:30am USD
CPI m/m
 0.2% 0.2%
USD
Core CPI m/m
 0.2% 0.1%
USD
Unemployment Claims
 207K 207K
10:30am USD
Natural Gas Storage
 87B 98B
11:00am USD
Crude Oil Inventories
 2.3M 8.0M
1:01pm USD
30-y Bond Auction
 3.09|2.3
Tentative USD
Treasury Currency Report
Day 2 All
G20 Meetings

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.

Commitment of Traders report + Trading Levels for 10.10.2018

Posted on by Ilan

____________________________________________________________________

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

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Dear Traders,

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Trading 102: Commitment of Traders Report – What Lies beneath

In this 24 page PDF booklet, Gary Kamen of Trends in Futures reviews the commitment of traders report, what it means, how traders can utilize it and much more.
Sign up and instantly download the booklet and learn about:

* History of the COT report
* Why is this report important?
* The new COT report
* How can you use the information in this report?
* And much more….

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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

10-10-2018

 

Contract December 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2924.17 7566.58 26785 1654.60 6676.81
Resistance 2 2912.08 7511.17 26674 1648.00 6646.29
Resistance 1 2898.67 7447.83 26560 1636.70 6614.35
Pivot 2886.58 7392.42 26449 1630.10 6583.83
Support 1 2873.17 7329.08 26335 1618.80 6551.89
Support 2 2861.08 7273.67 26224 1612.20 6521.37
Support 3 2847.67 7210.33 26110 1600.90 6489.43
Contract December Gold #GC_F Dec. Silver #SI-F Nov. Crude Oil #CL-F Dec.  Bonds  #ZB_F Dec.  Euro #6E_F
Resistance 3 1206.4 14.69 76.70 138 29/32 1.1657
Resistance 2 1201.1 14.58 75.99 138 11/32 1.1611
Resistance 1 1197.2 14.50 75.42 138  3/32 1.1585
Pivot 1191.9 14.39 74.71 137 17/32 1.1539
Support 1 1188.0 14.32 74.14 137  9/32 1.1513
Support 2 1182.7 14.21 73.43 136 23/32 1.1467
Support 3 1178.8 14.13 72.86 136 15/32 1.1441
Contract Dec.  Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Nov. Nat Gas #NG_F
Resistance 3 371.3 525.5 878.00 323.57 3.48
Resistance 2 369.7 523.0 873.50 321.73 3.43
Resistance 1 367.1 519.0 868.25 319.77 3.35
Pivot 365.4 516.5 863.75 317.93 3.30
Support 1 362.8 512.5 858.5 316.0 3.2
Support 2 361.2 510.0 854.00 314.13 3.16
Support 3 358.6 506.0 848.75 312.17 3.09

Economic Reports, source: 

www.forexfactory.com

 

Date 4:25pm Currency Impact Detail Actual Forecast Previous Graph
WedOct 10 2:45am EUR
French Industrial Production m/m
 0.1% 0.7%
4:00am EUR
Italian Industrial Production m/m
 0.7% -1.8%
4:30am GBP
GDP m/m
 0.1% 0.3%
GBP
Manufacturing Production m/m
 0.1% -0.2%
GBP
Construction Output m/m
 -0.4% 0.5%
GBP
Goods Trade Balance
 -10.9B -10.0B
GBP
Index of Services 3m/3m
 0.6% 0.6%
GBP
Industrial Production m/m
 0.1% 0.1%
5:00am GBP
MPC Member Haldane Speaks
Tentative EUR
German 10-y Bond Auction
 0.49|2.5
Tentative GBP
NIESR GDP Estimate
 0.6%
8:30am USD
PPI m/m
 0.2% -0.1%
USD
Core PPI m/m
 0.2% -0.1%
10:00am USD
Final Wholesale Inventories m/m
 0.8% 0.8%
1:01pm USD
10-y Bond Auction
 2.96|2.6
Tentative USD
Treasury Currency Report
6:00pm USD
FOMC Member Bostic Speaks
7:01pm GBP
RICS House Price Balance
 2% 2%
Day 1 All
G20 Meetings

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.

NFP tomorrow + Trading Levels for 10.05.2018

Posted on by Ilan

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

____________________________________________________________________

Dear Traders,

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NFP – Non Farm Payrolls report is due tomorrow at 8:30 Am EST. This is  market moving report. I personally like to look for breakouts, retracements and then a signal that the first brekaout was valid and go with that direction but obviously this is just a general frame and the actual trading is much riskier / complicated than that.
What is NFP? Non-Farm Payrolls ( credit: www.nasdaq.com )
The US economic calendar is stacked with many events throughout the month but none is more anticipated that the release of Non-Farm Payroll figures. Non-Farm Payrolls also known as NFP, is reported monthly by the US Bureau of Labor Statistics to give a timely glimpse into employment changes inside of the United States. Ultimately this report can give traders insight into whether the US economy is expanding or contracting while directly influences the decisions of policy makers such as the US Federal Reserve. With this in mind let’s take a closer at this news event, so we can better understand NFP and its potential impact on marks.
First, NFP looks specifically at net changes in employment as jobs are created or subtracted in an economy in any given month. The term Non-Farm is used since farm / agricultural workers are not included in the employment count. The decision to not include agricultural jobs lies in these jobs being largely seasonal that could possibly produce small temporary shifts in labor reporting. For this reason certain government employees, private household employees and nonprofit organization are also not included in the count.
NFP reports affect interest rate futures, forex futures, indices, metals and even the energy sector to name some of the markets moved by this report.
Plan your trade, trade your plan and stay nimble along the way……

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

10-05-2018

 

Contract December 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2965.25 7822.67 27182 1699.80 6812.99
Resistance 2 2945.75 7736.83 27007 1687.80 6704.88
Resistance 1 2926.75 7628.17 26833 1669.50 6637.76
Pivot 2907.25 7542.33 26658 1657.50 6529.65
Support 1 2888.25 7433.67 26484 1639.20 6462.53
Support 2 2868.75 7347.83 26309 1627.20 6354.42
Support 3 2849.75 7239.17 26135 1608.90 6287.30
Contract December Gold #GC_F Dec. Silver #SI-F Nov. Crude Oil #CL-F Dec.  Bonds  #ZB_F Dec.  Euro #6E_F
Resistance 3 1220.6 15.00 78.64 138 26/32 1.1694
Resistance 2 1215.6 14.90 77.56 138 18/32 1.1650
Resistance 1 1209.5 14.76 76.05 138  8/32 1.1614
Pivot 1204.5 14.66 74.97 138 1.1570
Support 1 1198.4 14.51 73.46 137 22/32 1.1534
Support 2 1193.4 14.41 72.38 137 14/32 1.1490
Support 3 1187.3 14.27 70.87 137  4/32 1.1454
Contract Dec.  Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Nov. Nat Gas #NG_F
Resistance 3 371.5 528.3 875.67 319.33 3.37
Resistance 2 370.0 524.5 872.08 317.27 3.31
Resistance 1 368.8 521.3 865.67 314.73 3.25
Pivot 367.3 517.5 862.08 312.67 3.19
Support 1 366.0 514.3 855.7 310.1 3.1
Support 2 364.5 510.5 852.08 308.07 3.07
Support 3 363.3 507.3 845.67 305.53 3.00

Economic Reports, source: 

www.forexfactory.com

 

Date 3:39pm Currency Impact Detail Actual Forecast Previous Graph
FriOct 5  2:00am EUR
German Factory Orders m/m
 0.7% -0.9%
EUR
German PPI m/m
 0.2% 0.2%
2:45am EUR
French Gov Budget Balance
 -82.8B
EUR
French Trade Balance
 -4.5B -3.5B
3:30am GBP
Halifax HPI m/m
 0.2% 0.1%
4:00am EUR
Italian Retail Sales m/m
 0.2% -0.1%
8:30am USD
Average Hourly Earnings m/m
 0.3% 0.4%
USD
Non-Farm Employment Change
 185K 201K
USD
Unemployment Rate
 3.8% 3.9%
USD
Trade Balance
 -53.4B -50.1B
12:40pm USD
FOMC Member Bostic Speaks
3:00pm USD
Consumer Credit m/m
 14.9B 16.6B

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.

Trading Levels for 10.04.2018

Posted on by Ilan

____________________________________________________________________

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

____________________________________________________________________

Dear Traders,

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No commentary today. Have a great trading day, Thursday Oct. 4th!

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

10-04-2018

 

Contract December 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2961.42 7760.92 27152 1709.63 6657.61
Resistance 2 2953.08 7732.33 27059 1695.97 6598.44
Resistance 1 2942.17 7698.67 26962 1686.43 6513.47
Pivot 2933.83 7670.08 26869 1672.77 6454.30
Support 1 2922.92 7636.42 26772 1663.23 6369.33
Support 2 2914.58 7607.83 26679 1649.57 6310.16
Support 3 2903.67 7574.17 26582 1640.03 6225.19
Contract December Gold #GC_F Dec. Silver #SI-F Nov. Crude Oil #CL-F Dec.  Bonds  #ZB_F Dec.  Euro #6E_F
Resistance 3 1221.2 15.02 79.87 142 13/32 1.1721
Resistance 2 1216.8 14.94 78.39 141 14/32 1.1691
Resistance 1 1209.7 14.81 77.27 140 1.1636
Pivot 1205.3 14.73 75.79 139  1/32 1.1606
Support 1 1198.2 14.61 74.67 137 19/32 1.1551
Support 2 1193.8 14.53 73.19 136 20/32 1.1521
Support 3 1186.7 14.40 72.07 135  6/32 1.1466
Contract Dec.  Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Nov. Nat Gas #NG_F
Resistance 3 371.3 529.9 877.42 320.13 3.40
Resistance 2 369.9 526.6 873.83 318.27 3.33
Resistance 1 367.3 520.9 867.67 314.73 3.29
Pivot 365.9 517.6 864.08 312.87 3.22
Support 1 363.3 511.9 857.9 309.3 3.2
Support 2 361.9 508.6 854.33 307.47 3.12
Support 3 359.3 502.9 848.17 303.93 3.08

Economic Reports, source: 

www.forexfactory.com

 

Date 4:16pm Currency Impact Detail Actual Forecast Previous Graph
ThuOct 4  4:30am GBP
Housing Equity Withdrawal q/q
 -6.5B -6.7B
Tentative EUR
Spanish 10-y Bond Auction
 1.49|1.5
Tentative EUR
French 10-y Bond Auction
 0.71|1.9
Tentative GBP
10-y Bond Auction
7:30am USD
Challenger Job Cuts y/y
 13.7%
8:30am USD
Unemployment Claims
 214K 214K
9:15am USD
FOMC Member Quarles Speaks
10:00am USD
Factory Orders m/m
 2.2% -0.8%
10:30am USD
Natural Gas Storage
 47B 46B

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.

Trading Levels for 10.03.2018 + Survivor DayTrading

Posted on by Ilan

____________________________________________________________________

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

____________________________________________________________________

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!
Survivor Day Trading: Taking a Look at Day Traders Money Management From a Different Angle.
I started as a commodity broker back in 1998, when commissions of $25 per round turn for the E-minis were considered a deep discount. I had the luxury of observing many types of day traders and saw things from the sidelines that most traders could not see during the heat of battle, one of which is the importance of solid money management for the long-term survival of day traders.
84ed7e45 9d87 4182 ac9a 5b675b331a0e

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

10-03-2018

 

Contract December 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2955.67 7783.92 27194 1698.67 6744.15
Resistance 2 2945.83 7748.33 27016 1689.53 6670.21
Resistance 1 2937.17 7701.42 26909 1674.87 6599.93
Pivot 2927.33 7665.83 26731 1665.73 6525.99
Support 1 2918.67 7618.92 26624 1651.07 6455.71
Support 2 2908.83 7583.33 26446 1641.93 6381.77
Support 3 2900.17 7536.42 26339 1627.27 6311.49
Contract December Gold #GC_F Dec. Silver #SI-F Nov. Crude Oil #CL-F Dec.  Bonds  #ZB_F Dec.  Euro #6E_F
Resistance 3 1235.4 15.43 76.70 141 11/32 1.1730
Resistance 2 1223.9 15.19 76.30 141  1/32 1.1689
Resistance 1 1215.3 14.95 75.72 140 25/32 1.1654
Pivot 1203.8 14.71 75.32 140 15/32 1.1613
Support 1 1195.2 14.47 74.74 140  7/32 1.1578
Support 2 1183.7 14.23 74.34 139 29/32 1.1537
Support 3 1175.1 13.99 73.76 139 21/32 1.1502
Contract Dec.  Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Nov. Nat Gas #NG_F
Resistance 3 374.7 547.1 881.17 321.53 3.28
Resistance 2 371.8 535.9 873.83 318.57 3.24
Resistance 1 369.7 527.6 869.92 316.83 3.20
Pivot 366.8 516.4 862.58 313.87 3.15
Support 1 364.7 508.1 858.7 312.1 3.1
Support 2 361.8 496.9 851.33 309.17 3.07
Support 3 359.7 488.6 847.42 307.43 3.03

Economic Reports, source: 

www.forexfactory.com

 

Date 3:47pm Currency Impact Detail Actual Forecast Previous Graph
WedOct 3 All Day EUR
German Bank Holiday
3:15am EUR
Spanish Services PMI
 52.9 52.7
3:45am EUR
Italian Services PMI
 52.8 52.6
3:50am EUR
French Final Services PMI
 54.3 54.3
3:55am EUR
German Final Services PMI
 56.5 56.5
4:00am EUR
Final Services PMI
 54.7 54.7
4:30am GBP
Services PMI
 54.0 54.3
5:00am EUR
Retail Sales m/m
 0.2% -0.2%
8:05am USD
FOMC Member Barkin Speaks
8:15am USD
ADP Non-Farm Employment Change
 185K 163K
9:45am USD
Final Services PMI
 52.9 52.9
10:00am USD
ISM Non-Manufacturing PMI
 58.0 58.5
10:30am USD
Crude Oil Inventories
 1.1M 1.9M
2:00pm USD
FOMC Member Brainard Speaks
2:15pm USD
FOMC Member Mester Speaks
4:00pm USD
Fed Chair Powell Speaks

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.

Trading Levels for 10.02.2018 + FN, LT days for October

Posted on by Ilan

____________________________________________________________________

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

____________________________________________________________________

Dear Traders,

Like us on FaceBook!
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Below are the contracts which are entering First Notice or Last Trading Day for the upcoming month.  Be advised, for contracts that are deliverable, it is Cannon’s policy that all LONG positions be exited the day prior to First Notice and ALL positions be exited the day prior to Last Trading Day.  If you have any questions please contact the Trade Desk .
First Notice
Contract Month
Contract
1-Oct
October
ICE Sugar
8-Oct
October
Live Cattle
26-Oct
November
London Coffee
31-Oct
November
COMEX & ICE Metals
31-Oct
November
CBOT Soybeans
31-Oct
November
CBOT Rice
31-Oct
November
Canola
Last Trading Day
Contract Month
Contract
2-Oct-18
September
Milk III & Butter
9-Oct-18
October
Cotton
12-Oct-18
October
Lean Hogs
12-Oct-18
October
CBOT Soybean Meal & Oil
15-Oct-18
October
CME Eurodollar
22-Oct-18
November
NYMEX Crude Oil
25-Oct-18
October
Feeder Cattle
29-Oct-18
October
COMEX & ICE Metals
29-Oct-18
November
NYMEX Natural Gas
30-Oct-18
October
Milk III & Butter
31-Oct-18
October
30-Day Fed Funds
31-Oct-18
November
NYMEX RBOB & Heating Oil
31-Oct-18
December
ICE Brent Crude Oil
31-Oct-18
October
Live Cattle

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

10-02-2018

 

Contract December 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2958.67 7790.75 27009 1741.67 7067.50
Resistance 2 2950.33 7759.75 26882 1726.73 6927.85
Resistance 1 2939.17 7714.00 26771 1702.47 6736.62
Pivot 2930.83 7683.00 26644 1687.53 6596.97
Support 1 2919.67 7637.25 26533 1663.27 6405.74
Support 2 2911.33 7606.25 26406 1648.33 6266.09
Support 3 2900.17 7560.50 26295 1624.07 6074.86
Contract December Gold #GC_F Dec. Silver #SI-F Nov. Crude Oil #CL-F Dec.  Bonds  #ZB_F Dec.  Euro #6E_F
Resistance 3 1205.4 15.03 79.40 140 20/32 1.1746
Resistance 2 1201.0 14.88 77.58 140 15/32 1.1721
Resistance 1 1197.0 14.70 76.58 140  5/32 1.1684
Pivot 1192.6 14.55 74.76 140 1.1659
Support 1 1188.6 14.37 73.76 139 22/32 1.1622
Support 2 1184.2 14.22 71.94 139 17/32 1.1597
Support 3 1180.2 14.04 70.94 139  7/32 1.1560
Contract Dec.  Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Nov. Nat Gas #NG_F
Resistance 3 376.0 524.4 884.50 325.57 3.26
Resistance 2 371.3 519.8 874.25 321.13 3.19
Resistance 1 368.5 514.7 866.00 317.47 3.15
Pivot 363.8 510.1 855.75 313.03 3.08
Support 1 361.0 504.9 847.5 309.4 3.0
Support 2 356.3 500.3 837.25 304.93 2.96
Support 3 353.5 495.2 829.00 301.27 2.92

 Economic Reports, source: 

www.forexfactory.com

 

Date 4:01pm Currency Impact Detail Actual Forecast Previous Graph
TueOct 2  2:00am GBP
Nationwide HPI m/m
 0.2% -0.5%
3:00am EUR
Spanish Unemployment Change
 28.2K 47.0K
4:30am GBP
Construction PMI
 52.8 52.9
5:00am EUR
PPI m/m
 0.2% 0.4%
All Day EUR
ECOFIN Meetings
10:00am USD
FOMC Member Quarles Speaks
All Day USD
Total Vehicle Sales
 16.8M 16.7M
12:45pm USD
Fed Chair Powell Speaks
7:01pm GBP
BRC Shop Price Index y/y
 0.1%

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.

Trading Levels for 9.27.2018 + A look at Grains Report

Posted on by Ilan

____________________________________________________________________

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

____________________________________________________________________

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!
Market Movers Video
Looking ahead to the September 28 Grain Stocks Report
What does building inflation potential mean for the grain markets?

In this video, Dave Hightower, Founding Principal of The Hightower Report, and Dan Basse, President of AgResource Company discuss this and more in their preview of the September 28Grain Stocks report. Are there signs that we’re stepping into a demand-led market?

  • USDA recently adjusted wheat and corn stocks down, but the new trend points USDA revising demand upward again.
  • Wheat stocks are projected at 935 million bushels for the 2018 and 2019 season, higher than normal – how will that impact pricing going forward?
69adddc1 caf6 4b29 8bb8 ad77bb3e9855

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

09-27-2018

 

Contract December 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2957.17 7735.50 26828 1737.53 6722.75
Resistance 2 2946.58 7701.75 26728 1728.47 6631.26
Resistance 1 2928.67 7645.00 26570 1711.13 6560.66
Pivot 2918.08 7611.25 26470 1702.07 6469.17
Support 1 2900.17 7554.50 26312 1684.73 6398.57
Support 2 2889.58 7520.75 26212 1675.67 6307.08
Support 3 2871.67 7464.00 26054 1658.33 6236.48
Contract December Gold #GC_F Dec. Silver #SI-F Nov. Crude Oil #CL-F Dec.  Bonds  #ZB_F Dec.  Euro #6E_F
Resistance 3 1218.2 14.72 73.37 141 27/32 1.1932
Resistance 2 1212.5 14.63 72.87 141 10/32 1.1904
Resistance 1 1205.9 14.51 72.46 141 1.1858
Pivot 1200.2 14.43 71.96 140 15/32 1.1830
Support 1 1193.6 14.31 71.55 140  5/32 1.1784
Support 2 1187.9 14.22 71.05 139 20/32 1.1756
Support 3 1181.3 14.10 70.64 139 10/32 1.1710
Contract Dec.  Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Nov. Nat Gas #NG_F
Resistance 3 368.3 534.3 861.58 315.27 3.13
Resistance 2 366.5 530.7 857.67 313.83 3.10
Resistance 1 364.8 524.1 853.83 312.37 3.04
Pivot 363.0 520.4 849.92 310.93 3.00
Support 1 361.3 513.8 846.1 309.5 2.9
Support 2 359.5 510.2 842.17 308.03 2.91
Support 3 357.8 503.6 838.33 306.57 2.85

Economic Reports, source: 

www.forexfactory.com

Date 4:10pm Currency Impact Detail Actual Forecast Previous Graph
ThuSep 27  2:00am EUR
German GfK Consumer Climate
 10.6 10.5
All Day EUR
German Prelim CPI m/m
 0.1% 0.1%
4:00am EUR
M3 Money Supply y/y
 3.8% 4.0%
EUR
ECB Economic Bulletin
EUR
Private Loans y/y
 3.1% 3.0%
Tentative EUR
Italian 10-y Bond Auction
 3.25|1.4
8:30am USD
Core Durable Goods Orders m/m
 0.4% 0.1%
USD
Final GDP q/q
 4.2% 4.2%
USD
Durable Goods Orders m/m
 1.9% -1.7%
USD
Final GDP Price Index q/q
 3.0% 3.0%
USD
Goods Trade Balance
 -70.6B -72.0B
USD
Prelim Wholesale Inventories m/m
 0.3% 0.6%
USD
Unemployment Claims
 208K 201K
9:30am EUR
ECB President Draghi Speaks
10:00am USD
Pending Home Sales m/m
 -0.2% -0.7%
10:30am USD
Natural Gas Storage
 64B 86B
4:30pm USD
Fed Chair Powell Speaks
7:01pm GBP
GfK Consumer Confidence
 -8 -7

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.

Trading Levels for 9.26.2018 + A look at Grains Report

Posted on by Ilan

____________________________________________________________________

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

____________________________________________________________________

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!
FOMC Tomorrow.
We speculate there is over 90% chance the Fed will raise interest rates by 0.25% based on the Fed funds Futures contract.
FOMC days are quite different in their behavior:
** The FOMC interest rate decision is due at 2:00 ET in the US tomorrow. This is followed by the conference which will provide more clues ( volatility).
FOMC days have different characteristics than other trading days. If you have traded for a while, check your trading notes from past FOMC days that may help you prepare for tomorrow.
If you are a newcomer, take a more conservative approach and make sure you understand that the news can really move the market.
The following are suggestions on trading during FOMC days:
  • Reduce trading size
  • Be extra picky = no trade is better than a bad trade
  • Choose entry points wisely. Look at longer time frame support and resistance for entry. Take the approach of entering at points where you normally would have placed protective stops. Example, trader x looking to go long the mini SP at 2925.00 with a stop at 2919.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 2919.75 and place a stop a few points below in this hypothetical example ( consider current volatility along with support and resistance levels).
  • Expect the higher volatility during and right after the announcement
  • Expect to see some “vacuum” ( low volume, big zigzags) right before the number.
  • Consider using automated stops and limits attached to your entry order as the market can move very fast at times.
  • Know what the market was expecting, learn what came out and observe market reaction for clues
  • Be patient and be disciplined
  • If in doubt, stay out!!

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

09-26-2018

 

Contract December 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2947.08 7668.58 26855 1727.90 6841.00
Resistance 2 2940.67 7635.92 26780 1722.80 6723.06
Resistance 1 2931.08 7615.83 26652 1718.60 6563.76
Pivot 2924.67 7583.17 26577 1713.50 6445.82
Support 1 2915.08 7563.08 26449 1709.30 6286.52
Support 2 2908.67 7530.42 26374 1704.20 6168.58
Support 3 2899.08 7510.33 26246 1700.00 6009.28
Contract December Gold #GC_F Dec. Silver #SI-F Nov. Crude Oil #CL-F Dec.  Bonds  #ZB_F Dec.  Euro #6E_F
Resistance 3 1215.1 14.99 73.66 140 14/32 1.1936
Resistance 2 1211.5 14.79 73.22 140  7/32 1.1903
Resistance 1 1208.5 14.64 72.77 140  3/32 1.1874
Pivot 1204.9 14.45 72.33 139 28/32 1.1840
Support 1 1201.9 14.30 71.88 139 24/32 1.1811
Support 2 1198.3 14.10 71.44 139 17/32 1.1778
Support 3 1195.3 13.95 70.99 139 13/32 1.1749
Contract Dec.  Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F
Resistance 3 371.3 535.1 871.83 324.77 3.12
Resistance 2 367.8 530.4 864.92 320.53 3.09
Resistance 1 365.8 525.6 855.33 314.87 3.07
Pivot 362.3 520.9 848.42 310.63 3.04
Support 1 360.3 516.1 838.8 305.0 3.0
Support 2 356.8 511.4 831.92 300.73 2.99
Support 3 354.8 506.6 822.33 295.07 2.97

Economic Reports, source: 

www.forexfactory.com

 

Date 3:52pm Currency Impact Detail Actual Forecast Previous Graph
WedSep 26  4:30am GBP
High Street Lending
 39.7K 39.6K
6:00am GBP
CBI Realized Sales
 18 29
10:00am USD
New Home Sales
 630K 627K
10:30am USD
Crude Oil Inventories
 -0.7M -2.1M
2:00pm USD
FOMC Economic Projections
USD
FOMC Statement
USD
Federal Funds Rate
 <2.25% <2.00%
2:30pm USD
FOMC Press Conference

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.

Trading Levels for 9.25.2018 + Day-Trading Alerts

Posted on by Ilan

____________________________________________________________________

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

____________________________________________________________________

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!
December is front month for most commodities.

Would you like to try a unique day-trading newsletter?

Day Trading Alerts and Newsletter via Email The Edge, daily trading signals newsletter FREE 3 months trial

A veteran client and trader once remarked “Just tell me WHICH market to trade on any specific day and WHAT direction and I can trade the heck out of it….” Well, the Edge by ExitPoints.com does exactly that. The ExitPoints EDGE email will let you know the night before what markets to focus on and which direction the market is expected to move. From that point you can more confidently create your trading plan and utilize your trading prowess to capture opportunities. (*Futures Trading is Risky)
The newsletter can also be used as “semi automated trading system” with specific rules you can apply, monitor and trade. You will receive the rules along with explanation upon signing up.
Complete the simple form below and you will receive the daily email within one business day. You will receive it for the next 3 months FREE! you can unsubscribe at any time and as always, you will have direct access to a Cannon Trading professional with any questions. Don’t wait… sign up NOW!

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

09-25-2018

 

Contract December 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2943.92 7738.25 26868 1735.90 7085.62
Resistance 2 2937.08 7663.00 26803 1726.60 6930.55
Resistance 1 2931.42 7624.25 26706 1718.00 6776.20
Pivot 2924.58 7549.00 26641 1708.70 6621.13
Support 1 2918.92 7510.25 26544 1700.10 6466.78
Support 2 2912.08 7435.00 26479 1690.80 6311.71
Support 3 2906.42 7396.25 26382 1682.20 6157.36
Contract December Gold #GC_F Dec. Silver #SI-F Nov. Crude Oil #CL-F Dec.  Bonds  #ZB_F Dec.  Euro #6E_F
Resistance 3 1218.8 14.60 74.54 141 1.1972
Resistance 2 1213.8 14.51 73.64 140 24/32 1.1933
Resistance 1 1208.6 14.40 72.94 140 14/32 1.1881
Pivot 1203.6 14.31 72.04 140  6/32 1.1841
Support 1 1198.4 14.20 71.34 139 28/32 1.1789
Support 2 1193.4 14.11 70.44 139 20/32 1.1750
Support 3 1188.2 14.00 69.74 139 10/32 1.1698
Contract Dec.  Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F
Resistance 3 368.7 538.8 850.92 312.57 3.15
Resistance 2 365.3 535.0 840.83 311.03 3.10
Resistance 1 362.9 531.0 835.42 309.27 3.07
Pivot 359.6 527.3 825.33 307.73 3.01
Support 1 357.2 523.3 819.9 306.0 3.0
Support 2 353.8 519.5 809.83 304.43 2.92
Support 3 351.4 515.5 804.42 302.67 2.89

Economic Reports, source: 

www.forexfactory.com

Date 4:00pm Currency Impact Detail Actual Forecast Previous Graph
TueSep 25  2:00am EUR
German WPI m/m
 0.2% 0.0%
4:40am GBP
MPC Member Vlieghe Speaks
9:00am USD
HPI m/m
 0.2% 0.2%
USD
S&P/CS Composite-20 HPI y/y
 6.2% 6.3%
10:00am USD
CB Consumer Confidence
 132.2 133.4
USD
Richmond Manufacturing Index
 22 24

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.

Trading Levels for 9.21.18 & Quadruple witching tomorrow!

Posted on by Ilan

____________________________________________________________________

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

____________________________________________________________________

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!
Quadruple witching tomorrow!

We are making new highs on stock indices.

Trade with confidence, Trade with a plan, Trade with discipline!

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

09-21-2018

 

Contract December 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2975.42 7741.17 27088 1750.30 6545.46
Resistance 2 2958.08 7677.33 26911 1738.60 6497.48
Resistance 1 2947.92 7641.67 26812 1732.60 6463.77
Pivot 2930.58 7577.83 26635 1720.90 6415.79
Support 1 2920.42 7542.17 26536 1714.90 6382.08
Support 2 2903.08 7478.33 26359 1703.20 6334.10
Support 3 2892.92 7442.67 26260 1697.20 6300.39
Contract December Gold #GC_F Dec. Silver #SI-F Nov. Crude Oil #CL-F Dec.  Bonds  #ZB_F Dec.  Euro #6E_F
Resistance 3 1223.3 14.60 72.29 141 19/32 1.2018
Resistance 2 1218.3 14.49 71.82 141  3/32 1.1941
Resistance 1 1215.2 14.42 70.97 140 24/32 1.1901
Pivot 1210.2 14.32 70.50 140  8/32 1.1824
Support 1 1207.1 14.25 69.65 139 29/32 1.1784
Support 2 1202.1 14.14 69.18 139 13/32 1.1707
Support 3 1199.0 14.07 68.33 139  2/32 1.1667
Contract Dec.  Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F
Resistance 3 367.4 537.6 891.50 327.00 3.11
Resistance 2 361.8 531.7 873.25 321.40 3.05
Resistance 1 357.2 527.8 861.75 317.90 3.01
Pivot 351.6 521.9 843.50 312.30 2.95
Support 1 346.9 518.1 832.0 308.8 2.9
Support 2 341.3 512.2 813.75 303.20 2.84
Support 3 336.7 508.3 802.25 299.70 2.80

Economic Reports, source: 

www.forexfactory.com

 

Date 4:11pm Currency Impact Detail Actual Forecast Previous Graph
FriSep 21  3:15am EUR
French Flash Manufacturing PMI
 53.3 53.5
EUR
French Flash Services PMI
 55.2 55.4
3:30am EUR
German Flash Manufacturing PMI
 55.7 55.9
EUR
German Flash Services PMI
 55.1 55.0
4:00am EUR
Flash Manufacturing PMI
 54.4 54.4
EUR
Flash Services PMI
 54.5 54.5
4:30am GBP
Public Sector Net Borrowing
 2.9B -2.9B
7:00am GBP
BOE Quarterly Bulletin
9:45am USD
Flash Manufacturing PMI
 55.1 54.7
USD
Flash Services PMI
 54.9 54.8

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.

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.