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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.

Monday Morning Support and Resistance Numbers

Posted on by Ilan

If you would like these numbers before the market opens, make sure you SIGN UP with your email above.

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

divider black 190

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

Contract (June) Mini S&P 500 Mini Nasdaq 100 Dow Jones Mini Russell 2000 30-Year US Bond Sep ’12 10-Year US Note Sep ’12
Resistance Level 3 ——————————————Resistance Level 2

——————————————

Resistance Level 1

——————————————

Support Level 1

——————————————

Support Level 2

——————————————

Support Level 3

 1298.251289.75

 

1280

 

1272.75

 

1268.5

 

1261

 25022485

 

2467

 

2453

 

2445

 

2429

 1236412219

 

12138

 

12073

 

12039

 

11985

 756.9751.8

 

746.2

 

735.4

 

731.6

 

723.9

 15219 (all time high)15206

15130

 

15104

 

15011

 

14830

 13430.5 (all time high)13422.5

13417.5

 

13407

 

13331.5

 

13324

Continue reading “Monday Morning Support and Resistance Numbers”

Monthly Unemployment Report Ahead + Trading Levels for June 1st

Posted on by Ilan

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Friday June 1, 2012

Hello Traders,

Heads up traders! front month for bonds, ten years and other financials is now September.

Front month for gold is August.

June is still front month for indices and currencies.

Monthly employment figures are out tomorrow at 8:30 Am Eastern Time! This is a market moving report, so be prepared!

May is officially behind us ( trading wise) and with the new trading month starting, I decided to share monthly chart of mini SP 500 below for your longer term overview.

May June be a trading month filled with patience and discipline!

 

Monthly chart of the mini S&P for your review below:

mini S&P futures monthly chart Continue reading “Monthly Unemployment Report Ahead + Trading Levels for June 1st”

Long Term Traders to Follow Futures Indices Prices on Last Trading Day of May

Posted on by Ilan

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Thursday May 31, 2012

Hello Traders,

Heads up traders! front month for bonds, ten years and other financials is now September.

Front month for gold is August.

June is still front month for indices and currencies.

Mini Russell daily chart for your review below. An attempt to rally off the lows fizzled today and tomorrow can provide some clues for future direction. Tomorrow being the last day in May will provide some longer term traders with a fresh look at the weekly and monthly charts, so the close tomorrow may be significant.

Close below 760 may suggest new lows to follow, close above 780 may signal continued bounce higher.

Trade with patience, trade with discipline and good trading to all.

 

Daily chart of the mini Russell 2000 Index for your review below for your review:

mini Russell 2000 Index daily Continue reading “Long Term Traders to Follow Futures Indices Prices on Last Trading Day of May”

Tuesday Morning Support and Resistance Numbers

Posted on by Ilan

We hope our local clients had a fantastic Memorial Day weekend!

If you would like these numbers before the market opens, make sure you SIGN UP with your email above.

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

divider black 190

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

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

——————————————

Resistance Level 1

——————————————

Support Level 1

——————————————

Support Level 2

——————————————

Support Level 3

 1349.51334.5

 

1329.75

 

1315

 

1308.5

 

1303.5

 25752563

 

2555

 

2520

 

2511

 

2498

 1272212639

 

12586

 

12471

 

12436

 

12400

 785.7783.1

 

775

 

766.8

 

762.5

 

754.8

 14823 (all time high)14817 

14807

 

14701

 

14618

 

14513

 1341613406.5

 

13400 (all time high)

13310.5

 

13307

 

13302

Continue reading “Tuesday Morning Support and Resistance Numbers”

Friday Morning Support and Resistance Numbers

Posted on by Ilan

If you would like these numbers before the market opens, make sure you SIGN UP with your email above.

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

divider black 190

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

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

——————————————

Resistance Level 1

——————————————

Support Level 1

——————————————

Support Level 2

——————————————

Support Level 3

 1334.51328.75

 

1326.5

 

1318

 

1312.25

 

1305.25

 25752563

 

2555

 

2520

 

2511

 

2498

 1272212639

 

12586

 

12471

 

12436

 

12400

 775.4769.4

 

767.3

 

765.6

 

761.5

 

754.2

 14823 (all time high)14803

14725

 

14701

 

14618

 

14513

 13328.5 (all time high)13325.5

13323

 

13310.5

 

13307

 

13302

Continue reading “Friday Morning Support and Resistance Numbers”

Trading Levels and Reports for May 25th – Memorial Day Trading Schedule

Posted on by Ilan

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Friday May 25, 2012

Hello Traders,

Just a heads up!  This weekend is Memorial Day weekend and of course we are on a Holiday Schedule.  Please pay attention below to the Memorial Day Trading Schedule.

Memorial Day Trading Schedule

Friday, May 25

CME Group (Floor)
12:00 pm Close: Foreign Exchange and Interest Rate products
* All other products regular close

NYMEX (Floor)
Regular Close

GLOBEX
3:15 pm Close: Interest Rate, Foreign Exchange, CBOT/KCBT/MGEX Grain, GSCI, Wood Pulp, Crude Palm Oil and Green Exchange products
* All other products regular close

ICE
3:15 pm Close: Financial and Index products
* All other products regular close

EUREX
Regular Close

OneChicago
Regular Close

NYSE
Regular Close

Nadex
Regular Close

Forex
Regular Close

Sunday, May 27

CME Group (Floor)
Closed

NYMEX (Floor)
Closed

GLOBEX
Regular Open
* Exceptions – Dairy, Crude Palm Oil, Weather, Livestock, GSCI, Lumber, CBOT/KCBT/MGEX Grains and Dow UBS ER products closed

ICE
Regular Open
* Exceptions – Soft and Open outcry products closed

EUREX
Regular Open
* Exceptions – Swiss fixed income as well as equity and equity index derivatives, Hurricane Futures, Austrian, Norwegian, Brazilian, Canadian and U.S. equity derivatives and Eurex KOSPI Products (No cash payment in USD, CHF, KRW)

OneChicago
Closed

NYSE
Closed

Nadex
Closed

Forex
Regular Open

Monday, May 28

CME Group (Floor)
Closed

NYMEX (Floor)
Closed

GLOBEX
Closed: Dairy, Crude Palm Oil, Livestock, GSCI, Lumber, Weather, CBOT/KCBT/MGEX Grains, KOSPI 200 and Dow UBS ER products
10:30 am Close: Equity products
12:00 pm Close: Interest Rate, Foreign Exchange, Real Estate and Wood Pulp products
12:15 pm Close: NYMEX/COMEX/DME and Green Exchange products

*Trading Resumes at the times listed below*
5:00 pm Open: Equity, Interest Rate, Foreign Exchange, Dairy, Crude Palm Oil, GSCI, Weather, Real Estate, Wood Pulp, NYMEX/COMEX/DME and Green Exchange products
7:00 pm Open: CBOT/KCBT/MGEX Grain products (pre-open begins at 4:15 pm on Sunday, May 27th)

ICE
Closed: Soft and Open outcry products
10:30 am Close: Index products
12:00 pm Close: Financial products

EUREX
Closed: Swiss fixed income as well as equity and equity index derivatives, Hurricane Futures, Austrian, Norwegian, Brazilian, Canadian and U.S. equity derivatives and Eurex KOSPI Products
*No cash payment in USD, CHF, KRW

OneChicago
Closed

NYSE
Closed

Nadex
Closed
*Regular evening open at 5:00 pm

Forex
Regular Close

 

CME Group  Schedule

ICE Schedule

 

 

*All times listed in Central Time

The above calendar is compiled from sources believed to be reliable. Cannon Trading Co, Inc.  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.

If you have any questions please contact our Customer Service Continue reading “Trading Levels and Reports for May 25th – Memorial Day Trading Schedule”

Thursday Morning Support and Resistance Numbers

Posted on by Ilan

If you would like these numbers before the market opens, make sure you SIGN UP with your email above.

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

divider black 190

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

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

——————————————

Resistance Level 1

——————————————

Support Level 1

——————————————

Support Level 2

——————————————

Support Level 3

 1334.51328.75

 

1326.5

 

1316.25

 

1312.25

 

1305.25

 25962575

 

2563

 

2534

 

2520

 

2498

 1272212639

 

12553

 

12463

 

12431

 

12376

 775.4769.4

 

764

 

762.3

 

759.4

 

754.2

 14823 (all time high)14803 

14725

 

14713

 

14618

 

14513

 13328.5 (all time high)13323 

13319.5

 

13311.5

 

13307

 

13302

Continue reading “Thursday Morning Support and Resistance Numbers”

Hourly Chart Mini S&P 500 for May 23, 2012

Posted on by Ilan

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Tuesday May 23, 2012

Hello Traders,

Good ranges on many markets I follow intra day, which most day-traders look for.

As I said many times before , volatility and wide ranges can be a double edge sword….

Below you will see an hourly chart of the mini SP 500 along with some potential Elliott Wave targets for either pull backs or continued bounce.

Trade with patience, trade with discipline and good trading to all.

 

Hourly chart of Mini S&P 500 below for your review:

mini sp hourly Continue reading “Hourly Chart Mini S&P 500 for May 23, 2012”

Tuesday Morning Support and Resistance Numbers

Posted on by Ilan

If you would like these numbers before the market opens, make sure you SIGN UP with your email above.

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

divider black 190

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

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

——————————————

Resistance Level 1

——————————————

Support Level 1

——————————————

Support Level 2

——————————————

Support Level 3

 1334.81328.75

 

1318.5

 

1312

 

1307.5

 

1299.75

 26092575

 

2557

 

2532

 

2521

 

2499

 1267812567

 

12549

 

12467

 

12438

 

12387

 775.4768.6

 

764

 

759.8

 

756.7

 

751.2

 1480014717

 

14709

 

14624

 

14605

 

14511

 13319.513314.5

 

13312

 

13303.5

 

13223

 

13212

Continue reading “Tuesday Morning Support and Resistance Numbers”

Crude Oil and Stock Index Futures: Small Bounce or Short-Term Bottom?

Posted on by Ilan

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Tuesday May 22, 2012

Hello Traders,

We started the week with nice bounce on stock indices, crude oil  and gold continue to hold.

The big question: Is this a small correction/ bounce after the strong sell off last week or is this a short term bottom?

 

My opinion is that it is just a normal bounce after strong sell off and that there is more room on the downside but we will need to see the market reaction if we can climb up to 1320 and 1337 on the SP and  94.50 on the crude oil

 

Daily charts of both below for your review:

 


Mini SP daily Chart

mini sp daily

 

Crude Oil Futures Daily chart 
crude oil futures daily chart

 

Continue reading “Crude Oil and Stock Index Futures: Small Bounce or Short-Term Bottom?”

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.