Open An Account
Free Demo Account Subscribe Here

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.

Trading Levels for 9.20.18 & Top 50 Trading Rules

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!

Top 50 Trading Rules: The Most Common Pitfalls To Avoid When Trading Commodity Futures

Five hundred experienced futures brokers were asked what caused most futures traders to lose money. Their answers reflected the trading experience of more than 10,000 futures traders. You may recognize some of your strengths and weaknesses. Many of the reasons given are very similar from broker to broker. The repetitions stand to demonstrate that, alas, many futures traders lose money for many of the same reasons. Perhaps the statements of these experienced brokers can help you in the sometimes fickle, often intricate, and always interesting marketplace of futures trading.
Here is what they said. 
1. Many futures traders trade without a plan. They do not define specific risk and profit objectives before trading. Even if they establish a plan, they “second guess” it and don’t stick to it, particularly if the trade is a loss. Consequently, they overtrade and use their equity to the limit (are undercapitalized), which puts them in a squeeze and forces them to liquidate positions. Usually, they liquidate the good trades and keep the bad ones.
2. Many traders don’t realize the news they hear and read has, in many cases, already been discounted by the market.Download the PDF and find out what they said.

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

09-20-2018

 

Contract December 2018 SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2933.42 7631.00 26787 1741.20 6978.35
Resistance 2 2926.08 7588.50 26645 1732.70 6745.93
Resistance 1 2920.42 7555.75 26548 1720.30 6575.77
Pivot 2913.08 7513.25 26406 1711.80 6343.35
Support 1 2907.42 7480.50 26309 1699.40 6173.19
Support 2 2900.08 7438.00 26167 1690.90 5940.77
Support 3 2894.42 7405.25 26070 1678.50 5770.61
           
Contract December Gold #GC_F Dec. Silver #SI-F Nov. Crude Oil #CL-F Dec.  Bonds  #ZB_F Dec.  Euro #6E_F
Resistance 3 1220.8 14.57 72.73 141 20/32 1.1857
Resistance 2 1215.9 14.47 71.78 141  6/32 1.1827
Resistance 1 1212.0 14.37 71.27 140 20/32 1.1791
Pivot 1207.1 14.27 70.32 140  6/32 1.1761
Support 1 1203.2 14.17 69.81 139 20/32 1.1725
Support 2 1198.3 14.07 68.86 139  6/32 1.1695
Support 3 1194.4 13.97 68.35 138 20/32 1.1659
           
Contract Dec.  Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F
Resistance 3 351.1 535.4 850.92 317.73 2.98
Resistance 2 348.9 529.3 840.83 313.87 2.96
Resistance 1 347.3 525.9 835.42 311.53 2.93
Pivot 345.2 519.8 825.33 307.67 2.92
Support 1 343.6 516.4 819.9 305.3 2.9
Support 2 341.4 510.3 809.83 301.47 2.87
Support 3 339.8 506.9 804.42 299.13 2.84

Economic Reports, source: 

www.forexfactory.com

Date 3:22pm Currency Impact Detail Actual Forecast Previous Graph
ThuSep 20  4:30am GBP
Retail Sales m/m
 -0.2% 0.7%
Tentative EUR
Spanish 10-y Bond Auction
 1.43|1.4
Tentative GBP
10-y Bond Auction
 1.46|2.2
8:30am USD
Philly Fed Manufacturing Index
 17.5 11.9
USD
Unemployment Claims
 210K 204K
10:00am EUR
Consumer Confidence
 -2 -2
USD
CB Leading Index m/m
 0.5% 0.6%
USD
Existing Home Sales
 5.36M 5.34M
10:30am USD
Natural Gas Storage
 81B 69B
11:15am EUR
German Buba President Weidmann 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 9.19.18

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!
Commitments of Traders: What are the Big Boys Up To? 
By Jim Wyckoff
I have discussed in past articles how volume and open interest can be used to help identify and confirm market situations and trading opportunities. I’ll take open interest one step farther in this column by examining the Commitments of Traders (C.O.T.) report, issued by the Commodity Futures Trading Commission (CFTC).
The C.O.T. report is released bi-weekly–every other Friday afternoon. There is also a C.O.T. report issued on the following Mondays that includes futures and options data. However, this report is not as closely followed as the Friday afternoon report that covers only futures, because the combined futures and options report has less history.
What is most important for the individual trader (you)…. click here to read more

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

09-19-2018

 

Contract December 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2958.58 7725.08 26797 1741.57 6539.09
Resistance 2 2938.17 7644.67 26577 1731.13 6461.00
Resistance 1 2924.33 7583.08 26431 1723.57 6383.63
Pivot 2903.92 7502.67 26211 1713.13 6305.54
Support 1 2890.08 7441.08 26065 1705.57 6228.17
Support 2 2869.67 7360.67 25845 1695.13 6150.08
Support 3 2855.83 7299.08 25699 1687.57 6072.71
Contract December Gold #GC_F Dec. Silver #SI-F Oct. Crude Oil #CL-F Dec.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1215.3 14.42 72.57 142 28/32 1.1867
Resistance 2 1211.7 14.34 71.49 142 14/32 1.1837
Resistance 1 1207.4 14.26 70.68 141 17/32 1.1794
Pivot 1203.8 14.18 69.60 141  3/32 1.1764
Support 1 1199.5 14.10 68.79 140  6/32 1.1720
Support 2 1195.9 14.02 67.71 139 24/32 1.1690
Support 3 1191.6 13.94 66.90 138 27/32 1.1647
Contract Dec.  Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F
Resistance 3 350.5 520.7 827.17 309.57 3.09
Resistance 2 348.8 517.3 823.83 307.63 3.02
Resistance 1 346.0 513.9 818.92 305.47 2.97
Pivot 344.3 510.6 815.58 303.53 2.89
Support 1 341.5 507.2 810.7 301.4 2.8
Support 2 339.8 503.8 807.33 299.43 2.76
Support 3 337.0 500.4 802.42 297.27 2.72

Economic Reports, source: 

www.forexfactory.com

Date 3:39pm Currency Impact Detail Actual Forecast Previous Graph
WedSep 19 4:00am EUR
Current Account
 22.4B 23.5B
GBP
MPC Member Haldane Speaks
4:30am GBP
CPI y/y
 2.4% 2.5%
GBP
PPI Input m/m
 0.4% 0.5%
GBP
RPI y/y
 3.2% 3.2%
GBP
Core CPI y/y
 1.8% 1.9%
GBP
HPI y/y
 2.8% 3.0%
GBP
PPI Output m/m
 0.2% 0.0%
Tentative EUR
German 10-y Bond Auction
 0.33|1.2
8:30am USD
Building Permits
 1.31M 1.31M
USD
Housing Starts
 1.24M 1.17M
USD
Current Account
 -104B -124B
9:00am EUR
ECB President Draghi Speaks
10:30am USD
Crude Oil Inventories
 -2.7M -5.3M

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 9.18.18

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!
Start trading December indices, eminis, and currencies along with financials and most metals.
Any questions on which month you need to trade, please feel free to contact us.

 Educational 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….

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

09-18-2018

 

Contract December 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2927.25 7659.00 26359 1746.27 6837.39
Resistance 2 2919.25 7617.00 26290 1737.63 6709.18
Resistance 1 2908.25 7542.00 26204 1724.17 6476.78
Pivot 2900.25 7500.00 26135 1715.53 6348.57
Support 1 2889.25 7425.00 26049 1702.07 6116.17
Support 2 2881.25 7383.00 25980 1693.43 5987.96
Support 3 2870.25 7308.00 25894 1679.97 5755.56
Contract December Gold #GC_F Dec. Silver #SI-F Oct. Crude Oil #CL-F Dec.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1223.0 14.53 70.65 142 22/32 1.1879
Resistance 2 1216.4 14.41 70.19 142  9/32 1.1830
Resistance 1 1210.8 14.31 69.46 142  1/32 1.1798
Pivot 1204.2 14.19 69.00 141 20/32 1.1749
Support 1 1198.6 14.09 68.27 141 12/32 1.1718
Support 2 1192.0 13.97 67.81 140 31/32 1.1669
Support 3 1186.4 13.87 67.08 140 23/32 1.1637
Contract Dec.  Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F
Resistance 3 351.8 523.1 836.58 311.30 2.90
Resistance 2 351.0 519.4 833.17 309.90 2.86
Resistance 1 349.5 512.8 828.33 307.80 2.84
Pivot 348.8 509.2 824.92 306.40 2.81
Support 1 347.3 502.6 820.1 304.3 2.8
Support 2 346.5 498.9 816.67 302.90 2.75
Support 3 345.0 492.3 811.83 300.80 2.72

Economic Reports, source: 

www.forexfactory.com

Date 4:21pm Currency Impact Detail Actual Forecast Previous Graph
TueSep 18  3:15am EUR
ECB President Draghi Speaks
10:00am USD
NAHB Housing Market Index
 66 67
4:00pm USD
TIC Long-Term Purchases
 65.1B -36.5B

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.

Rollover notice +Levels for 9.13.18

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!
Rollover Notice for Stock Index Futures
Important notice: For those of you trading any stock index futures contracts, i.e., the E-mini S&P, E-mini NASDAQ, E-mini Dow Jones etc., it is extremely important to remember that we are now rolling over and trading the December contract.
Starting Sept. 13th, the December 2018 futures contracts will be the front month contracts. It is recommended that all new positions be placed in the December 2018 contract as of September 13th. Volume in the Sept. 2018 contracts will begin to drop off until its expiration on Friday September 21st.
The month code for December is Z8
Traders with electronic trading software should make sure that defaults reflect the proper contract as of Friday morning.
Please close any open Sept. Currency positions by the close on Friday the 14th.

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

09-13-2018

 

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2911.25 7657.67 26355 1744.63 6513.09
Resistance 2 2903.25 7599.33 26260 1733.57 6430.38
Resistance 1 2895.50 7541.67 26131 1724.23 6362.74
Pivot 2887.50 7483.33 26036 1713.17 6280.03
Support 1 2879.75 7425.67 25907 1703.83 6212.39
Support 2 2871.75 7367.33 25812 1692.77 6129.68
Support 3 2864.00 7309.67 25683 1683.43 6062.04
Contract December Gold #GC_F Dec. Silver #SI-F Oct. Crude Oil #CL-F Dec.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1234.0 14.58 72.95 142 20/32 1.1746
Resistance 2 1224.0 14.45 72.10 142 16/32 1.1700
Resistance 1 1217.7 14.37 71.19 142 12/32 1.1666
Pivot 1207.7 14.24 70.34 142  8/32 1.1620
Support 1 1201.4 14.16 69.43 142  4/32 1.1586
Support 2 1191.4 14.03 68.58 142 1.1540
Support 3 1185.1 13.95 67.67 141 28/32 1.1506
Contract Dec.  Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F
Resistance 3 377.3 552.9 873.33 330.80 2.91
Resistance 2 371.7 541.1 859.17 325.40 2.89
Resistance 1 362.1 523.9 849.58 321.90 2.86
Pivot 356.4 512.1 835.42 316.50 2.84
Support 1 346.8 494.9 825.8 313.0 2.8
Support 2 341.2 483.1 811.67 307.60 2.79
Support 3 331.6 465.9 802.08 304.10 2.76

Economic Reports, source: 

www.forexfactory.com

Date 4:08pm Currency Impact Detail Actual Forecast Previous Graph
ThuSep 13  2:00am EUR
German Final CPI m/m
 0.1% 0.1%
2:45am EUR
French Final CPI m/m
 0.5% 0.5%
7:45am EUR
Main Refinancing Rate
 0.00% 0.00%
8:30am EUR
ECB Press Conference
USD
CPI m/m
 0.3% 0.2%
USD
Core CPI m/m
 0.2% 0.2%
USD
Unemployment Claims
 210K 203K
10:00am USD
FOMC Member Quarles Speaks
10:30am USD
Natural Gas Storage
 65B 63B
1:01pm USD
30-y Bond Auction
 3.09|2.3
1:15pm USD
FOMC Member Bostic Speaks
2:00pm USD
Federal Budget Balance
 -169.8B -76.9B

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.

Grain Report tomorrow +Levels for Tuesday 9.12.18

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!
Grain report tomorrow will move the beans, wheat, corn, bean oil, oats and will also impact the cattle, hogs and feeders markets. Mark the time and do your research if you are trading these markets. Report comes out at 11 Am CDT.
If you are not a grain trader, it may be of interest for you to follow and observe price action tomorrow.
regardless, i thought the following image is educational by nature, from https://www.futuresfundamentals.org
4a45e9e2 e6ca 487f a7e9 af0b6c0408d4

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

09-12-2018

 

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2924.50 7675.92 26369 1743.97 6615.89
Resistance 2 2908.75 7600.33 26203 1734.63 6509.24
Resistance 1 2898.75 7555.67 26095 1727.47 6383.32
Pivot 2883.00 7480.08 25929 1718.13 6276.67
Support 1 2873.00 7435.42 25821 1710.97 6150.75
Support 2 2857.25 7359.83 25655 1701.63 6044.10
Support 3 2847.25 7315.17 25547 1694.47 5918.18
Contract December Gold #GC_F Dec. Silver #SI-F Oct. Crude Oil #CL-F Dec.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1216.3 14.60 72.21 143 16/32 1.1720
Resistance 2 1209.6 14.43 70.88 143  5/32 1.1685
Resistance 1 1206.0 14.30 70.14 142 19/32 1.1642
Pivot 1199.3 14.13 68.81 142  8/32 1.1606
Support 1 1195.7 14.00 68.07 141 22/32 1.1563
Support 2 1189.0 13.83 66.74 141 11/32 1.1528
Support 3 1185.4 13.70 66.00 140 25/32 1.1485
Contract Dec.  Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F
Resistance 3 370.9 527.0 853.92 325.10 2.90
Resistance 2 369.6 524.8 849.08 322.80 2.87
Resistance 1 368.2 521.8 840.42 319.50 2.85
Pivot 366.8 519.5 835.58 317.20 2.82
Support 1 365.4 516.5 826.9 313.9 2.8
Support 2 364.1 514.3 822.08 311.60 2.77
Support 3 362.7 511.3 813.42 308.30 2.75

Economic Reports, source: 

www.forexfactory.com

Date 2:34pm Currency Impact Detail Actual Forecast Previous Graph
WedSep 12  4:00am EUR
Italian Industrial Production m/m
 -0.4% 0.5%
5:00am EUR
Industrial Production m/m
 -0.5% -0.7%
EUR
Italian Quarterly Unemployment Rate
 10.8% 11.1%
Tentative EUR
German 30-y Bond Auction
 0.94|1.6
8:30am USD
PPI m/m
 0.2% 0.0%
USD
Core PPI m/m
 0.2% 0.1%
10:30am USD
Crude Oil Inventories
 -1.3M -4.3M
12:45pm USD
FOMC Member Brainard Speaks
1:01pm USD
10-y Bond Auction
 2.96|2.5
2:00pm USD
Beige Book

 

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.

Webinar: Who is Cannon Trading +Levels for Tuesday 9.11.18

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!
We remember 9.11.2001!! Our thoughts and prayers to the victims and their families.
 Tomorrow we will be presenting a guest webinar over at our friends www.futures.io
For those of you who are not as familiar with our company, this can be a good opportunity to get to to know Cannon trading, our services and how can Cannon HELP YOU THE TRADER regardless if you are a beginner, advanced trader, options seller, day-trader or anything in between.
Sept. 11th at 4:30 EST, register at:
8c78d0bc a126 4970 9512 f7f9c32e55d4

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

09-11-2018

 

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2902.08 7559.33 26200 1738.70 6842.85
Resistance 2 2895.17 7521.42 26131 1732.40 6683.78
Resistance 1 2887.08 7489.83 26013 1725.60 6481.73
Pivot 2880.17 7451.92 25944 1719.30 6322.66
Support 1 2872.08 7420.33 25826 1712.50 6120.61
Support 2 2865.17 7382.42 25757 1706.20 5961.54
Support 3 2857.08 7350.83 25639 1699.40 5759.49
Contract December Gold #GC_F Dec. Silver #SI-F Oct. Crude Oil #CL-F Dec.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1211.9 14.47 69.44 143  9/32 1.1732
Resistance 2 1207.8 14.38 68.98 143  2/32 1.1677
Resistance 1 1204.3 14.29 68.25 142 29/32 1.1640
Pivot 1200.2 14.20 67.79 142 22/32 1.1585
Support 1 1196.7 14.12 67.06 142 17/32 1.1548
Support 2 1192.6 14.03 66.60 142 10/32 1.1493
Support 3 1189.1 13.94 65.87 142  5/32 1.1456
Contract Dec.  Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F
Resistance 3 372.5 549.8 856.25 325.90 2.89
Resistance 2 370.3 539.4 853.75 322.80 2.85
Resistance 1 368.8 533.8 849.50 320.70 2.83
Pivot 366.5 523.4 847.00 317.60 2.79
Support 1 365.0 517.8 842.8 315.5 2.8
Support 2 362.8 507.4 840.25 312.40 2.73
Support 3 361.3 501.8 836.00 310.30 2.70

Economic Reports, source: 

www.forexfactory.com

Date 4:09pm Currency Impact Detail Actual Forecast Previous Graph
TueSep 11  1:30am EUR
French Final Private Payrolls q/q
 0.2% 0.2%
5:00am EUR
German ZEW Economic Sentiment
 -13.4 -13.7
EUR
Employment Change q/q
 0.4% 0.4%
EUR
ZEW Economic Sentiment
 -10.9 -11.1
6:00am USD
NFIB Small Business Index
 108.2 107.9
10:00am USD
Final Wholesale Inventories m/m
 0.7% 0.7%
USD
JOLTS Job Openings
 6.68M 6.66M

 

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 report tomorrow + Levels for 9.7.2018

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!
NFP ( non farm payroll) also known as monthly employment numbers is  a market moving report and released at 7:30 AM central time.
Be aware as this report affects variety of markets across the board, starting with bonds, stock indices, metals, currencies and energies.

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

09-06-2018

 

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2916.67 7668.50 26321 1748.70 7463.66
Resistance 2 2904.83 7606.50 26210 1741.50 7189.13
Resistance 1 2891.67 7531.75 26115 1727.90 6815.94
Pivot 2879.83 7469.75 26004 1720.70 6541.41
Support 1 2866.67 7395.00 25909 1707.10 6168.22
Support 2 2854.83 7333.00 25798 1699.90 5893.69
Support 3 2841.67 7258.25 25703 1686.30 5520.50
Contract December Gold #GC_F Dec. Silver #SI-F Oct. Crude Oil #CL-F Dec.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1224.3 14.53 70.99 144 24/32 1.1716
Resistance 2 1218.5 14.43 70.00 144  7/32 1.1691
Resistance 1 1212.1 14.32 68.97 143 30/32 1.1662
Pivot 1206.3 14.22 67.98 143 13/32 1.1637
Support 1 1199.9 14.11 66.95 143  4/32 1.1608
Support 2 1194.1 14.01 65.96 142 19/32 1.1583
Support 3 1187.7 13.90 64.93 142 10/32 1.1554
Contract Dec.  Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F
Resistance 3 372.4 527.1 851.08 322.43 2.83
Resistance 2 370.1 523.9 846.92 318.87 2.81
Resistance 1 368.2 518.8 843.08 316.43 2.80
Pivot 365.8 515.7 838.92 312.87 2.78
Support 1 363.9 510.6 835.1 310.4 2.8
Support 2 361.6 507.4 830.92 306.87 2.75
Support 3 359.7 502.3 827.08 304.43 2.73

Economic Reports, source: 

https://app.bettertrader.co

58ac85e4 199d 4ea3 a392 a6c3258a8a96

 

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.

First Notice and Last Trading days for Sept. + Levels for 9.6.2018

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!
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 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 your broker.
First Notice
Contract Month
Contract
4-Sep
September
Orange Juice
24-Sep
October
Cotton
28-Sep
October
COMEX & ICE Metals
28-Sep
October
CBOT Soybean Meal & Oil
Last Trading Day
Contract Month
Contract
10-Sep-18
September
Orange Juice
13-Sep-18
September
CME Dollar Nikkei
13-Sep-18
September
ICE Cocoa
13-Sep-18
September
London Cocoa
14-Sep-18
September
Wheat (CBOT, KC, MN)
14-Sep-18
September
CBOT Corn & Oats
14-Sep-18
September
CBOT Soybeans
14-Sep-18
September
CBOT Soybean Meal & Oil
14-Sep-18
September
CBOT Rice
14-Sep-18
September
Lumber
14-Sep-18
October
London White Sugar
17-Sep-18
September
Dollar Index
17-Sep-18
September
Currencies
17-Sep-18
September
CME Eurodollar
18-Sep-18
September
Canadian Dollar
18-Sep-18
September
ICE Coffee
19-Sep-18
September
10-Yr. Notes & 30-Yr. Bonds
20-Sep-18
September
S&P 500
20-Sep-18
October
NYMEX Crude Oil
21-Sep-18
September
E-Mini Indices
24-Sep-18
September
London Coffee
26-Sep-18
September
Long Gilt (Liffe)
26-Sep-18
September
COMEX & ICE Metals
26-Sep-18
October
NYMEX Natural Gas
27-Sep-18
September
Feeder Cattle
28-Sep-18
September
2-Yr. & 5-Yr. Notes
28-Sep-18
September
30-Day Fed Funds
28-Sep-18
October
NYMEX RBOB & Heating Oil
28-Sep-18
November
ICE Brent Crude Oil
28-Sep-18
October
ICE Sugar

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

09-06-2018

 

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2921.83 7752.75 26227 1761.47 7790.62
Resistance 2 2911.17 7698.00 26126 1748.93 7588.74
Resistance 1 2898.83 7612.75 26042 1738.17 7255.18
Pivot 2888.17 7558.00 25941 1725.63 7053.30
Support 1 2875.83 7472.75 25857 1714.87 6719.74
Support 2 2865.17 7418.00 25756 1702.33 6517.86
Support 3 2852.83 7332.75 25672 1691.57 6184.30
Contract December Gold #GC_F Dec. Silver #SI-F Oct. Crude Oil #CL-F Dec.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1213.4 14.42 70.46 144  7/32 1.1776
Resistance 2 1208.8 14.34 70.02 143 29/32 1.1713
Resistance 1 1205.6 14.28 69.46 143 17/32 1.1677
Pivot 1201.0 14.20 69.02 143  7/32 1.1615
Support 1 1197.8 14.14 68.46 142 27/32 1.1579
Support 2 1193.2 14.06 68.02 142 17/32 1.1516
Support 3 1190.0 14.00 67.46 142  5/32 1.1480
Contract Dec.  Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F
Resistance 3 372.8 540.8 849.42 316.37 2.89
Resistance 2 370.8 536.8 846.83 314.43 2.86
Resistance 1 368.0 529.3 842.42 312.07 2.83
Pivot 366.0 525.3 839.83 310.13 2.81
Support 1 363.3 517.8 835.4 307.8 2.8
Support 2 361.3 513.8 832.83 305.83 2.75
Support 3 358.5 506.3 828.42 303.47 2.71

Economic Reports, source: 

https://app.bettertrader.co

 

a39982a1 d397 4152 8e5c d377a4206274

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.

Short trading week ahead + Trading Levels for 9.5.2018

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!
Labor Day is behind us and the summer is officially over according to the trading world…..

Short trading week ahead and keep in mind that the crude oil numbers, which usually come out on Wednesday, will come out on Thursday instead at 10 AM central time.

Also the front month for bonds, metals, financials and most of grains is now December – if you are wondering or need ANY help, feel free to contact us.
I read the following quote over the long weekend and I have been thinking about it off and on and believe the quote is correct:
“Successful traders don’t think on how much they can possibly make from a trade but rather look at the potential risk first”.

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

08-31-2018

 

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2939.33 7800.58 26369 1772.90 7595.82
Resistance 2 2925.92 7747.17 26225 1759.60 7499.68
Resistance 1 2912.33 7693.58 26106 1747.20 7422.53
Pivot 2898.92 7640.17 25962 1733.90 7326.39
Support 1 2885.33 7586.58 25843 1721.50 7249.24
Support 2 2871.92 7533.17 25699 1708.20 7153.10
Support 3 2858.33 7479.58 25580 1695.80 7075.95
Contract December Gold #GC_F Dec. Silver #SI-F Oct. Crude Oil #CL-F Dec.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1220.9 15.05 73.11 145  2/32 1.1743
Resistance 2 1215.3 14.82 72.26 144 20/32 1.1691
Resistance 1 1206.3 14.49 70.79 143 30/32 1.1644
Pivot 1200.7 14.26 69.94 143 16/32 1.1592
Support 1 1191.7 13.94 68.47 142 26/32 1.1545
Support 2 1186.1 13.71 67.62 142 12/32 1.1493
Support 3 1177.1 13.38 66.15 141 22/32 1.1446
Contract Dec.  Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F
Resistance 3 378.3 550.4 866.33 322.07 2.97
Resistance 2 373.4 541.8 858.92 317.93 2.94
Resistance 1 370.8 536.7 851.58 314.57 2.88
Pivot 365.9 528.1 844.17 310.43 2.84
Support 1 363.3 522.9 836.8 307.1 2.8
Support 2 358.4 514.3 829.42 302.93 2.75
Support 3 355.8 509.2 822.08 299.57 2.69

Economic Reports, source: 

https://app.bettertrader.co

 

9d911b2a 0bcb 410f 948a 05f26348036c

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.

Labor Day Trading Schedule + Trading Levels for 8.31.2018

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!
A few notes as we head into the last unofficial trading day of the summer…..
Traditionally, in the trading world, the last day before Labor day is considered the last summer trading day…Traders expect more volatility after Labor Day. and for the lower volume we usually experience in August to turn into higher volume when traders return from the long weekend on Tuesday.
Along the way keep in mind:
Tomorrow is also the last trading day of the month, which can get interesting at times.
Front month for Silver, bonds, ten years, grains is now DECEMBER.
We will send a separate note when it is time to rollover the equities which is towards the middle of September.
Next blog will be sent Tuesday afternoon so we would like to wish you a great, relaxing and safe Labor Day!
Labor Day Summary below and full details available here.

52d9c330 bf93 496f 9fb6 17abdc9866dc

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

08-31-2018

 

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2934.42 7759.67 26360 1756.80 7252.50
Resistance 2 2925.33 7728.33 26264 1749.80 7155.20
Resistance 1 2913.67 7688.92 26138 1742.30 6987.61
Pivot 2904.58 7657.58 26042 1735.30 6890.31
Support 1 2892.92 7618.17 25916 1727.80 6722.72
Support 2 2883.83 7586.83 25820 1720.80 6625.42
Support 3 2872.17 7547.42 25694 1713.30 6457.83
Contract December Gold #GC_F Dec. Silver #SI-F Oct. Crude Oil #CL-F Dec.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1224.8 15.05 71.52 144 23/32 1.1804
Resistance 2 1219.4 14.94 71.01 144 16/32 1.1768
Resistance 1 1212.9 14.77 70.57 144 10/32 1.1727
Pivot 1207.5 14.66 70.06 144  3/32 1.1690
Support 1 1201.0 14.49 69.62 143 29/32 1.1649
Support 2 1195.6 14.38 69.11 143 22/32 1.1613
Support 3 1189.1 14.21 68.67 143 16/32 1.1572
Contract Dec.  Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F
Resistance 3 360.9 555.4 846.08 309.70 2.95
Resistance 2 359.8 549.3 842.17 308.10 2.92
Resistance 1 358.2 542.2 836.83 305.80 2.90
Pivot 357.1 536.1 832.92 304.20 2.87
Support 1 355.4 528.9 827.6 301.9 2.9
Support 2 354.3 522.8 823.67 300.30 2.82
Support 3 352.7 515.7 818.33 298.00 2.81

Economic Reports, source: 

www.forexfactory.com

 

Date 4:04pm Currency Impact Detail Actual Forecast Previous Graph
FriAug 31 2:00am EUR
German Retail Sales m/m
 -0.1% 1.2%
GBP
Nationwide HPI m/m
 0.1% 0.6%
2:45am EUR
French Prelim CPI m/m
 0.5% -0.1%
4:00am EUR
Italian Monthly Unemployment Rate
 10.8% 10.9%
5:00am EUR
CPI Flash Estimate y/y
 2.1% 2.1%
EUR
Core CPI Flash Estimate y/y
 1.1% 1.1%
EUR
Italian Prelim CPI m/m
 0.2% 0.3%
EUR
Unemployment Rate
 8.2% 8.3%
9:45am USD
Chicago PMI
 63.0 65.5
10:00am USD
Revised UoM Consumer Sentiment
 95.5 95.3
USD
Revised UoM Inflation Expectations
 2.9%

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.