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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.

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

 

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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.

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

 

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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.

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.

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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

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.

Labor Day Trading Schedule + Trading Levels for 8.30.2018

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 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

08-30-2018

 

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2942.33 7790.92 26334 1754.43 7317.37
Resistance 2 2929.92 7731.58 26260 1746.37 7219.30
Resistance 1 2922.33 7699.67 26199 1741.03 7110.54
Pivot 2909.92 7640.33 26125 1732.97 7012.47
Support 1 2902.33 7608.42 26064 1727.63 6903.71
Support 2 2889.92 7549.08 25990 1719.57 6805.64
Support 3 2882.33 7517.17 25929 1714.23 6696.88
Contract December Gold #GC_F Sept. Silver #SI-F Oct. Crude Oil #CL-F Sept.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1221.1 15.01 71.56 145 10/32 1.1796
Resistance 2 1217.0 14.93 70.66 145  1/32 1.1760
Resistance 1 1214.8 14.87 70.18 144 26/32 1.1740
Pivot 1210.7 14.79 69.28 144 17/32 1.1704
Support 1 1208.5 14.74 68.80 144 10/32 1.1684
Support 2 1204.4 14.66 67.90 144  1/32 1.1648
Support 3 1202.2 14.60 67.42 143 26/32 1.1628
Contract Dec.  Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F
Resistance 3 362.3 561.5 850.25 311.60 2.93
Resistance 2 360.7 553.3 847.00 309.80 2.90
Resistance 1 358.6 547.5 841.50 307.50 2.89
Pivot 356.9 539.3 838.25 305.70 2.86
Support 1 354.8 533.5 832.8 303.4 2.8
Support 2 353.2 525.3 829.50 301.60 2.81
Support 3 351.1 519.5 824.00 299.30 2.80

Economic Reports, source: 

www.forexfactory.com

 

Date 4:18pm Currency Impact Detail Actual Forecast Previous Graph
ThuAug 30  2:00am EUR
German Import Prices m/m
 0.0% 0.5%
All Day EUR
German Prelim CPI m/m
 0.1% 0.3%
3:00am EUR
Spanish Flash CPI y/y
 2.2% 2.2%
3:55am EUR
German Unemployment Change
 -8K -6K
4:30am GBP
M4 Money Supply m/m
 0.2% -0.3%
GBP
Mortgage Approvals
 65K 66K
GBP
Net Lending to Individuals m/m
 5.5B 5.4B
Tentative EUR
Italian 10-y Bond Auction
 2.87|1.4
8:30am USD
Core PCE Price Index m/m
 0.2% 0.1%
USD
Personal Spending m/m
 0.4% 0.4%
USD
Personal Income m/m
 0.3% 0.4%
USD
Unemployment Claims
 214K 210K
10:30am USD
Natural Gas Storage
 58B 48B
1:30pm EUR
German Buba President Weidmann Speaks
7:01pm GBP
GfK Consumer Confidence
 -10 -10

 

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 2018 Holiday Schedule for CME / Globex and ICE Exchange

Posted on by Ilan

Labor Day 2018 Holiday Schedule for CME / Globex and ICE Exchange

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*Dates and times are subject to change

If you have any questions, please call the CME Global Command Center at +1 800 438 8616, in Europe at +44 800 898 013 or in Asia at +65 6532 5010

Globex®  Labor Day 2018 Holiday Schedule

More details at: http://www.cmegroup.com/tools-information/holiday-calendar.html 

Ice Futures Labor Day 2018 Holiday Trading Schedule

Detailed holiday hours: https://www.theice.com/holiday-hours

The above sources were compiled from sources believed to be reliable. Cannon Trading assumes no responsibility for any errors or omissions.  It is meant as an alert to events that may affect trading strategies and is not necessarily complete.  The closing times for certain contracts may have been rescheduled.

More Hikes on the Way? Trading Levels for 8.29.2018

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!
Fed’s Fork in the Road: Even Higher Rates or Pause?
By Blu Putnam, Chief Economist and Erik Norland, Senior Economist, CME Group
Highlights:
  • Markets skeptical of Fed’s signal for seven more rate hikes by 2020
  • Our base case is for two more increases before Fed goes on hold
  • Rate hikes based on ‘dot plot’ could raise risks of debt defaults, recession
  • Our analysis shows probability of a recession in 2020 is at 33% and rising
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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

08-29-2018

 

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2917.92 7630.08 26257 1751.20 7622.07
Resistance 2 2912.08 7613.67 26207 1743.40 7368.94
Resistance 1 2905.92 7597.08 26145 1737.20 7230.94
Pivot 2900.08 7580.67 26095 1729.40 6977.81
Support 1 2893.92 7564.08 26033 1723.20 6839.81
Support 2 2888.08 7547.67 25983 1715.40 6586.68
Support 3 2881.92 7531.08 25921 1709.20 6448.68
Contract December Gold #GC_F Sept. Silver #SI-F Oct. Crude Oil #CL-F Sept.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1231.7 15.33 70.13 145 26/32 1.1818
Resistance 2 1226.2 15.20 69.67 145 16/32 1.1784
Resistance 1 1216.8 14.99 69.14 144 31/32 1.1747
Pivot 1211.3 14.86 68.68 144 21/32 1.1713
Support 1 1201.9 14.66 68.15 144  4/32 1.1676
Support 2 1196.4 14.53 67.69 143 26/32 1.1642
Support 3 1187.0 14.32 67.16 143  9/32 1.1605
Contract Dec.  Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F
Resistance 3 367.0 532.0 856.92 315.80 2.91
Resistance 2 364.8 529.8 852.08 313.50 2.89
Resistance 1 360.5 526.5 842.67 309.10 2.87
Pivot 358.3 524.3 837.83 306.80 2.85
Support 1 354.0 521.0 828.4 302.4 2.8
Support 2 351.8 518.8 823.58 300.10 2.81
Support 3 347.5 515.5 814.17 295.70 2.79

Economic Reports, source: 

www.forexfactory.com

Date 4:06pm Currency Impact Detail Actual Forecast Previous Graph
WedAug 29 2:00am EUR
German GfK Consumer Climate
 10.6 10.6
2:45am EUR
French Consumer Spending m/m
 0.3% 0.1%
EUR
French Prelim GDP q/q
 0.2% 0.2%
8:30am USD
Prelim GDP q/q
 4.0% 4.1%
USD
Prelim GDP Price Index q/q
 3.0% 3.0%
10:00am USD
Pending Home Sales m/m
 0.3% 0.9%
10:30am USD
Crude Oil Inventories
 -0.7M -5.8M

 

 

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.

Range Bar Chart Example & Trading Levels for 8.28.2018

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!
Traditionally, the week before labor Day Weekend is slow….This is when many large traders and professional traders take their vacations with the plans of coming back to full speed trading after Labor day. Today was a perfect example of that. Slow, low energy trading. Obviously, if major news come out, this can change things rather quickly but today’s slow type of trading, low energy markets brings me to share with you once more why I like using range bar, Renko charts and volume charts rather than time charts for day trading.
Below you will see 2 charts.
Same markets, same time of the day and SAME INDICATORS….I think you will be able to see the advantages of using the range bar and volume charts in this examples:
Gold chart from today ( Aug. 27th) using 10 minutes time frame:
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As you can see on the 10 minute chart, while we did get the blue buy arrow signal earlier, we also got two “fake” sell signals in the form of the red diamonds SIMPLY because time has passed, there was not much action in the market and the studies take on values as the bar closes.
Now look below , same time frame from today as well, using 24 tick RANGE bar chart:
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No “fake” signals on this one…The ONLY signal we got today using this type of chart is the circled BLUE diamond. The range bars only completed 10 bars today as the market was simple slow….But were able to catch the nice up move early in the morning. If you look back in the same chart ( going back to the 23 of the month) you actually see that out of 7 signals, 6 were what I consider legit.
If you like to use the same indicators I am sharing in the charts above, you can try these proprietary indicators and ALGO for 3 weeks. This comes with a 15 minutes one on one remote session explaining the concept ( if interested).

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

08-28-2018

 

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2927.92 7659.83 26438 1751.33 7154.15
Resistance 2 2913.58 7613.92 26260 1745.77 6958.79
Resistance 1 2905.42 7590.58 26161 1738.03 6844.69
Pivot 2891.08 7544.67 25983 1732.47 6649.33
Support 1 2882.92 7521.33 25884 1724.73 6535.23
Support 2 2868.58 7475.42 25706 1719.17 6339.87
Support 3 2860.42 7452.08 25607 1711.43 6225.77
Contract December Gold #GC_F Sept. Silver #SI-F Oct. Crude Oil #CL-F Sept.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1230.2 15.09 69.79 146 17/32 1.1837
Resistance 2 1224.5 14.99 69.38 146  7/32 1.1774
Resistance 1 1220.7 14.92 69.16 145 22/32 1.1737
Pivot 1215.0 14.82 68.75 145 12/32 1.1675
Support 1 1211.2 14.75 68.53 144 27/32 1.1638
Support 2 1205.5 14.65 68.12 144 17/32 1.1575
Support 3 1201.7 14.58 67.90 144 1.1538
Contract Dec.  Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Sept. Nat Gas #NG_F
Resistance 3 369.8 541.0 870.33 322.93 2.94
Resistance 2 366.5 537.0 861.92 319.47 2.93
Resistance 1 364.0 529.8 855.08 315.03 2.90
Pivot 360.8 525.8 846.67 311.57 2.89
Support 1 358.3 518.5 839.8 307.1 2.9
Support 2 355.0 514.5 831.42 303.67 2.85
Support 3 352.5 507.3 824.58 299.23 2.82

Economic Reports, source: 

www.forexfactory.com

Date 4:13pm Currency Impact Detail Actual Forecast Previous Graph
TueAug 28  4:00am EUR
M3 Money Supply y/y
 4.3% 4.4%
EUR
Private Loans y/y
 3.0% 2.9%
8:30am USD
Goods Trade Balance
 -68.6B -67.9B
USD
Prelim Wholesale Inventories m/m
 0.1% 0.1%
9:00am USD
S&P/CS Composite-20 HPI y/y
 6.4% 6.5%
10:00am USD
CB Consumer Confidence
 126.6 127.4
USD
Richmond Manufacturing Index
 18 20
7:01pm GBP
BRC Shop Price Index y/y
 -0.3%

 

 

 

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.

Mini NASDAQ & Support and Resistance Levels 8.24.2018

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 picture is worth a 1000 words….
Weekly chart of the mini NASDAQ for your review below.
This market ALMOST DOUBLED itself in 25 months…..
As you can see the ALGO I use has been signaling only longs during this time, starting with the BLUE SQUARE on June 2016 and continuing with the bars marked blue (= strong), bars marked blue along with green triangle ( =very strong) and an additional blue square ( = shift to long) this past May.
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PS:
All the ALGOs and signals in the world still cant make up for wise trade management and other factors that only look so easy in hindsight,. yet are so hard when you make decisions in live situations…..

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

08-24-2018

 

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2882.42 7526.67 25916 1739.63 6638.83
Resistance 2 2876.08 7500.83 25841 1732.97 6561.67
Resistance 1 2867.42 7462.92 25756 1726.03 6484.55
Pivot 2861.08 7437.08 25681 1719.37 6407.39
Support 1 2852.42 7399.17 25596 1712.43 6330.27
Support 2 2846.08 7373.33 25521 1705.77 6253.11
Support 3 2837.42 7335.42 25436 1698.83 6175.99
Contract December Gold #GC_F Sept. Silver #SI-F Oct. Crude Oil #CL-F Sept.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1213.3 14.97 69.01 146  4/32 1.1674
Resistance 2 1208.3 14.86 68.57 145 30/32 1.1646
Resistance 1 1200.1 14.67 68.21 145 25/32 1.1603
Pivot 1195.1 14.56 67.77 145 19/32 1.1576
Support 1 1186.9 14.37 67.41 145 14/32 1.1533
Support 2 1181.9 14.26 66.97 145  8/32 1.1505
Support 3 1173.7 14.07 66.61 145  3/32 1.1462
Contract Dec.  Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Sept. Nat Gas #NG_F
Resistance 3 370.1 560.1 880.58 330.23 3.04
Resistance 2 368.2 553.9 875.17 327.37 3.01
Resistance 1 364.6 547.8 864.58 321.93 2.99
Pivot 362.7 541.7 859.17 319.07 2.96
Support 1 359.1 535.6 848.6 313.6 2.9
Support 2 357.2 529.4 843.17 310.77 2.92
Support 3 353.6 523.3 832.58 305.33 2.90

Economic Reports, source: 

https://app.bettertrader.com

 

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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.

Day Trading Video, Trading Levels for 8.23.2018

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!
I have been asked before many times on how I like to day trade. While I definitely DON’T have a crystal ball, one method I like to use is looking for overbought and oversold conditions and try to play the counter trend set up.
Trading 101: Using overbought/oversold indicators to day trade crude oil ( video)

I recorded this video a few years ago, using one of our trading platforms, our charts and a few indicators/ALGOS I use.
After you watch the video, feel free to sign up for a free trial of the indicators/algos I use in the video  ( The ALGO is available for a trial using either sierra charts or e-futures Int’l ( OEC trader).
In the next few weeks I will share more on using breakouts, trend following and looking for pullbacks to get in with the trend and 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

08-23-2018

 

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2893.42 7562.75 25977 1747.53 7233.50
Resistance 2 2880.83 7503.75 25907 1736.67 7056.36
Resistance 1 2871.42 7470.00 25818 1730.13 6743.41
Pivot 2858.83 7411.00 25748 1719.27 6566.27
Support 1 2849.42 7377.25 25659 1712.73 6253.32
Support 2 2836.83 7318.25 25589 1701.87 6076.18
Support 3 2827.42 7284.50 25500 1695.33 5763.23
Contract December Gold #GC_F Sept. Silver #SI-F Oct. Crude Oil #CL-F Sept.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1217.3 15.06 70.77 146  9/32 1.1724
Resistance 2 1212.8 14.97 69.43 146 1.1684
Resistance 1 1208.1 14.86 68.67 145 25/32 1.1654
Pivot 1203.6 14.76 67.33 145 16/32 1.1614
Support 1 1198.9 14.65 66.57 145  9/32 1.1583
Support 2 1194.4 14.56 65.23 145 1.1543
Support 3 1189.7 14.45 64.47 144 25/32 1.1513
Contract Dec.  Corn #ZC_F Sept. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Sept. Nat Gas #NG_F
Resistance 3 375.0 564.3 885.83 330.90 3.03
Resistance 2 373.3 558.4 882.42 329.20 3.01
Resistance 1 370.0 551.8 876.33 326.20 2.99
Pivot 368.3 545.9 872.92 324.50 2.97
Support 1 365.0 539.3 866.8 321.5 2.9
Support 2 363.3 533.4 863.42 319.80 2.93
Support 3 360.0 526.8 857.33 316.80 2.91

Economic Reports, source: 

https://app.bettertrader.com

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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.

FOMC minutes tomorrow along with Energies report & Trading Levels for 8.22.2018

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!
October crude oil is front month.
We have FOMC minutes tomorrow along with home sales early on and the weekly energy report.
Check the reports schedule in section 3 of this newsletter and know what reports are coming, when they are out and if they have impact on the markets you trade specifically.

 

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

08-21-2018

 

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2895.33 7535.58 26064 1759.90 6780.22
Resistance 2 2884.67 7493.92 25975 1742.40 6628.93
Resistance 1 2875.08 7452.33 25903 1730.90 6529.94
Pivot 2864.42 7410.67 25814 1713.40 6378.65
Support 1 2854.83 7369.08 25742 1701.90 6279.66
Support 2 2844.17 7327.42 25653 1684.40 6128.37
Support 3 2834.58 7285.83 25581 1672.90 6029.38
Contract December Gold #GC_F Sept. Silver #SI-F Oct. Crude Oil #CL-F Sept.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1213.3 14.95 67.62 146  5/32 1.1761
Resistance 2 1208.2 14.89 67.05 145 27/32 1.1692
Resistance 1 1204.5 14.82 66.44 145 15/32 1.1644
Pivot 1199.4 14.76 65.87 145  5/32 1.1575
Support 1 1195.7 14.69 65.26 144 25/32 1.1527
Support 2 1190.6 14.63 64.69 144 15/32 1.1458
Support 3 1186.9 14.56 64.08 144  3/32 1.1410
Contract Dec.  Corn #ZC_F Sept. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Sept. Nat Gas #NG_F
Resistance 3 381.3 564.4 902.25 333.60 3.04
Resistance 2 379.3 560.6 898.50 332.20 3.01
Resistance 1 376.8 554.2 892.25 329.70 3.00
Pivot 374.8 550.3 888.50 328.30 2.98
Support 1 372.3 543.9 882.3 325.8 3.0
Support 2 370.3 540.1 878.50 324.40 2.94
Support 3 367.8 533.7 872.25 321.90 2.93

Economic Reports, source: 

https://app.bettertrader.com

 

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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.

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.