Support & Resistance Levels 6.5.2018 #ES_F #GC_F #CL_F

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

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Dear Traders,

Volatility is a key ingredient to ANY market you trade…….It shapes the type of trading environment you are in. It determines the type of trading strategies that may fit better than others.
Some traders and models work better in high volatility markets. Others perform better in low volatility situations.
Do you know if you ( your trading method) work better in market conditions with lower or higher volatility?
Do you know what is the current volatility measure in the markets you trade?
On a different topic: heads up, gold front month is now AUGUST = Q
Front month for bonds and other financials is September.

 

 

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

05-30-2018

Contract June 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2774.08 7255.17 25211 1673.43 8165.97
Resistance 2 2761.67 7203.33 25037 1664.77 7973.31
Resistance 1 2753.83 7175.42 24919 1658.93 7734.52
Pivot 2741.42 7123.58 24745 1650.27 7541.86
Support 1 2733.58 7095.67 24627 1644.43 7303.07
Support 2 2721.17 7043.83 24453 1635.77 7110.41
Support 3 2713.33 7015.92 24335 1629.93 6871.62
Contract August Gold #GC_F July Silver #SI-F July Crude Oil #CL-F June  Bonds  #ZB_F June  Euro #6E_F
Resistance 3 1309.4 16.71 67.23 144 16/32 1.1835
Resistance 2 1305.8 16.63 66.64 144  7/32 1.1795
Resistance 1 1300.9 16.53 65.76 143 22/32 1.1751
Pivot 1297.3 16.45 65.17 143 13/32 1.1712
Support 1 1292.4 16.35 64.29 142 28/32 1.1668
Support 2 1288.8 16.27 63.70 142 19/32 1.1628
Support 3 1283.9 16.17 62.82 142  2/32 1.1584
Contract July  Corn #ZC_F July Wheat #ZW_F July Beans #ZS_F July SoyMeal #ZM_F July Nat Gas #NG_F
Resistance 3 392.8 525.0 1019.92 378.63 3.02
Resistance 2 390.3 520.3 1016.08 376.57 3.00
Resistance 1 385.5 512.8 1008.92 372.73 2.96
Pivot 383.0 508.0 1005.08 370.67 2.94
Support 1 378.3 500.5 997.9 366.8 2.9
Support 2 375.8 495.8 994.08 364.77 2.89
Support 3 371.0 488.3 986.92 360.93 2.85

Economic Reports, source: 

http://app.bettertrader.co 

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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.

Job report tomorrow along with trading levels for the market moving report 6.01.2018

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

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Dear Traders,

Job Report Tomorrow from the CMEGroup.com
Jim and Scott discuss trading E-mini S&P 500 weekly options as a way to hedge or increase exposure in the markets ahead of the US Jobs Report coming out.  Watch Video to learn more.
On a different topic: heads up, gold front month is now AUGUST = Q
Front month for bonds and other financials is September.
Stocks will rollover next week and we will send out a  notice.

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

06-01-2018

Contract June 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2783.25 7089.08 25199 1691.87 7768.17
Resistance 2 2756.25 7041.92 24957 1672.33 7662.39
Resistance 1 2739.75 7012.83 24809 1659.87 7485.36
Pivot 2712.75 6965.67 24567 1640.33 7379.58
Support 1 2696.25 6936.58 24419 1627.87 7202.55
Support 2 2669.25 6889.42 24177 1608.33 7096.77
Support 3 2652.75 6860.33 24029 1595.87 6919.74
Contract August Gold #GC_F July Silver #SI-F July Crude Oil #CL-F Sept.  Bonds  #ZB_F June  Euro #6E_F
Resistance 3 1319.1 16.89 71.30 147 21/32 1.1892
Resistance 2 1313.9 16.73 69.90 146 25/32 1.1792
Resistance 1 1310.3 16.63 69.14 145 23/32 1.1734
Pivot 1305.1 16.48 67.74 144 27/32 1.1634
Support 1 1301.5 16.38 66.98 143 25/32 1.1576
Support 2 1296.3 16.22 65.58 142 29/32 1.1476
Support 3 1292.7 16.12 64.82 141 27/32 1.1418
Contract July  Corn #ZC_F July Wheat #ZW_F July Beans #ZS_F July SoyMeal #ZM_F July Nat Gas #NG_F
Resistance 3 403.8 542.7 1041.50 387.60 2.95
Resistance 2 400.7 536.3 1034.50 383.90 2.93
Resistance 1 397.1 529.2 1028.75 380.40 2.91
Pivot 393.9 522.8 1021.75 376.70 2.89
Support 1 390.3 515.7 1016.0 373.2 2.9
Support 2 387.2 509.3 1009.00 369.50 2.85
Support 3 383.6 502.2 1003.25 366.00 2.83

Economic Reports, source: 

http://app.bettertrader.co 

e042daaf 51b7 45e4 a5d4 32c814fc5b45

 

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.

Watch Videos on Using Support and Resistance Levels and Other Trading Tools! 5.31.2018

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

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Dear Traders,

Trading 102: Educational Trading 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….

Continue reading “Watch Videos on Using Support and Resistance Levels and Other Trading Tools! 5.31.2018”

What Makes Gold Move? – Resistance Levels 5.29.2018

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

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Dear Traders,

What are the Best Approaches for Long-Term Gold Futures Price Forecasting?

Author: Mark O’Brien, Senior Broker at Cannon Trading Co, Inc.

There is no easy answer to what the best strategy is to predicting price movement in gold futures, much less any other commodity. Given that rather glum starting point, there are approaches that analysts and economists use to forecast prices. One most commonly employed is the use of broad-based commodity indexes – in which prices of food, energy, other metals, lumber, etc. are aggregated to gauge overall commodity price inflation – or the lack thereof.

Continue reading “What Makes Gold Move? – Resistance Levels 5.29.2018”

Support & Resistance Levels 5.24.2018.. #ZW_F #ES_F #NQ_F #RTY_F #SI_F #GC_F #CL_F

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

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Dear Traders,

Memorial Day 2018 Holiday Schedule for CME / Globex and ICE Exchange
 
Memorial Day 2018 Holiday Schedule for CME / Globex and ICE Exchanges

Continue reading “Support & Resistance Levels 5.24.2018.. #ZW_F #ES_F #NQ_F #RTY_F #SI_F #GC_F #CL_F”

Trading ALGO Free Trial + Support & Resistance Levels 5.23.2018.. #ZW_F #ES_F #NQ_F #RTY_F #SI_F #GC_F #CL_F

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

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Dear Traders,
Free trial to REAL TIME trading ALGO Signals
Below you will see a crude oil chart from last two days sessions.
In the chart you will see red and green marks. Green mark suggest a possible buy signal ( need to confirm with a couple of other rules) and red square = sell signal once confirmed with 2 other rules.
Crude Oil Chart From Last two Days Sessions

These ALGOS along with a 15 minutes one on one session is available for a free trial.

To sign up and more info visit: https://www.cannontrading.com/tools/intraday-futures-trading-signals

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.
If you like to set up a time and chat with a licensed series 3 broker, please contact us.

Continue reading “Trading ALGO Free Trial + Support & Resistance Levels 5.23.2018.. #ZW_F #ES_F #NQ_F #RTY_F #SI_F #GC_F #CL_F”

Which Market Should I (day) Trade? + Support & Resistance Levels 5.21.2018.. #ZW_F #ES_F #NQ_F #RTY_F #SI_F #GC_F #CL_F

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

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Dear Traders,
Which Market Should I be (day) Trading?
1. Know and follow more than one market. I think one should have familiarity and follow about 5 different markets ( or more depending account size and time) in general.
2. Understand what type of market conditions you trade better in? Volatile? “dead”, choppy or perhaps trending?
3. Have a view of these markets from longer term outlook and behavior.
4. Trade the markets that fit your strengths.
 
Example: If I am following gold, crude, bonds, mini nasdaq and mini SP for educational purposes….If I know that I trade better in markets that have larger intraday swings and volatility than lets say trending markets or “quiet markets” I would be focusing on the mini NASDAQ as my primary market now days as it is the one fitting my profile the best.
 
If “choppy” markets suits my trading style better, I would probably look at gold as of recently.
 
This will change as markets go through different cycles, from lower volatility to higher volatility. Trending to choppy etc. 
 
Etc. etc. etc. 

If you like to set up a time and chat with a licensed series 3 broker, please contact us.

Continue reading “Which Market Should I (day) Trade? + Support & Resistance Levels 5.21.2018.. #ZW_F #ES_F #NQ_F #RTY_F #SI_F #GC_F #CL_F”

Top 3 Factors in Making a Good Trader + Trading Levels 5/18/18

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

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Dear Traders,
Not a busy Friday morning ahead with reports but more than a few fed Speakers schedules to speak tomorrow which can move the markets.
#CL_F Crude oil has traded more volume than the mini SP for the last few days!! heads up.
Keys to Successful Trading:
My colleagues and I were discussing trading methods, techniques and more today in the office. Each of us had an idea as to why such a small percent of traders “makes it ” in the trading business….
I decided to reach out to you and ask you: What do you think are the TOP 3 factors that separates the “men from the boys” in the field of trading?
Feel free to share if you were “able to turn around your trading”, still trying, surviving etc.
To make it easy, simply just hit reply and share your thoughts. We will tabulate and try to analyze the data in hopes of sharing some good insights with all of you.
Thank you in advance!

Continue reading “Top 3 Factors in Making a Good Trader + Trading Levels 5/18/18”