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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.

No Trade is Better Than a Bad Trade | Support and Resistance Levels

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 Thursday May 3, 2012

 

Hello Traders

I was thinking of what I can share with you today and I really didn’t have any valuable thoughts to share and that’s when I remembered that sometimes clients tell me they took a trade when there is really no trade to take BECAUSE…

They felt they “must” take a trade…

because if they didn’t take a trade , they were not doing their job as a trader…

Because they were bored….

and the list goes on…

I think that a big, big part of trading is mental. there many different methods to lose and make money…..but in order to make any method/ approach work, one needs DISCIPLINE and PATIENCE and if you are a day-trader especially, sometimes not taking a trade is the right decision and is more important than where to enter, the stop, targets etc.

Continue reading “No Trade is Better Than a Bad Trade | Support and Resistance Levels”

Significant Gains Today Followed by Fizzling of Market | Support and Resistance Levels

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 Wednesday May 2, 2012

 

Hello Traders,

Interesting action today. Strong start after better than expected ISM and construction spending reports. Markets made significant gains but fizzled during the last hour with NASDAQ and RUSSELL finishing negative for the day – some what bearish close. Should be interesting ahead of Friday’s unemployment report.

On a a different note, screen shot below is from my daily live chart service where I share few markets in real-time with interested clients and prospects. 

If you would like to come and “visit” and try the service for yourself, please visit:

Continue reading “Significant Gains Today Followed by Fizzling of Market | Support and Resistance Levels”

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

 1414.251408.75

 

1398

 

1389.75

 

1384.25

 

1378.5

 27632746

 

2734

 

2715

 

2699

 

2686

 1332513245

 

13211

 

13104

 

13048

 

12998

 831.5827.2

 

821.8

 

813.5

 

809.8

 

804.5

 1432614316

 

14304

 

14211

 

14201

 

14103

 13223.513217 (all time high)

13214

 

13206

 

13127.5

 

13122.5

Continue reading “Tuesday Morning Support and Resistance Numbers”

Patience While Trading in May! | Support and Resistance Levels

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 1, 2012

 

Hello Traders,

Wishing all of you a great trading month in May!

With the new trading month starting tomorrow, I am sharing with you a monthly chart of the SP 500 CASH INDEX for your review.

In May, make PATIENCE a priority in your trading!

563 Continue reading “Patience While Trading in May! | Support and Resistance Levels”

Monday Morning Support and Resistance Levels

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

 1414.251408.75

 

1403

 

1390.75

 

1384.25

 

1378.5

 27922763

 

2746

 

2715

 

2699

 

2686

 1332513245

 

13211

 

13104

 

13048

 

12998

 839.2831.5

 

827.2

 

815.8

 

809.8

 

804.5

 1432614316

 

14304

 

14211

 

14201

 

14103

 13217 (all time high)13214

13211

 

13200

 

13127.5

 

13122.5

Continue reading “Monday Morning Support and Resistance Levels”

Have a Great Weekend! | Support and Resistance Levels

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 Monday May 1, 2012

 

Hello Traders,

Our weekly newsletter is now available for your review.

Have a great weekend!

 

Continue reading “Have a Great Weekend! | Support and Resistance Levels”

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

 1414.251408.75

 

1401.5

 

1390.75

 

1384.25

 

1378.5

 27922763

 

2742

 

2708

 

2693

 

2680

 1318913070

 

13017

 

13093

 

13038

 

12990

 823.7815.30

 

814.70

 

810.4

 

805.3

 

800.80

 1432614316

 

14304

 

14211

 

14201

 

14103

 13217 (all time high)13210.5

13205.5

 

13200

 

13127.5

 

13122.5

Continue reading “Friday Morning Support and Resistance Numbers”

Crude Oil Futures Market Opportunities | Support and Resistance Levels

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 Friday April 27, 2012

 

Hello Traders,

I spend a lot of time talking about stock index futures like mini SP, mini Russell etc.

However there more than a few other markets that have enough volume and volatility to attract daytraders. One of them is Crude oil.

I personally like Crude Oil futures because the “punishment or fulfillment” are pretty fast…and by that i mean that Crude Oil prices are volatile enough most of the times, that day-traders get stopped out with losses or exit with profits much quicker than other markets….Now if you are one of these daytraders who does not believe in stops…Crude Oil futures is not for you.

Each point on Crude Oil futures is $10, so a full $1 move or 100 cents is $1000 against you or in your favor.

We also have the mini Crude which is half the size.


If you have not traded crude before I recommend following it in demo mode, simulating some trades in demo mode before attempting to trade it live. As I said before, this is a volatile market which can work against you pretty fast if you are not disciplined.

Below you will see my daily chart of crude oil futures where I think we may head lower unless we break above 105.50 ( That is $105.50 per barrel)

Friday is statistically better for SHORTS….

Below the daily chart of crude oil you will see an INTRA DAY chart from todays sessions, where you can get a feel for the market behavior.

Daily chart of June Crude Oil Futures:,

562

 

Intra day chart of Crude oil futures from today, April 26th 2012

1335471444446

Continue reading “Crude Oil Futures Market Opportunities | Support and Resistance Levels”

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

 1397.751394

 

1387.5

 

1377.75

 

1373

 

1368.75

 27282708

 

2688.5

 

2691

 

2680

 

2659

 1318913070

 

13017

 

12975

 

12918

 

12866

 823.7815.30

 

814.70

 

806.50

 

802.10

 

798.20

 1432614316

 

14304

 

14213

 

14206

 

13124

 1321713210.5

 

13204.5

 

13128.5

 

13124.5

 

13117.5

Continue reading “Thursday Morning Support and Resistance Numbers”

FOMC Report and Market Rally | Support and Resistance Levels

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 Thursday April 26, 2012

 

Hello Traders,

FOMC came and market continues to rally based on AAPL  (Apple) earnings yesterday…

I shared a good hourly chart of the mini NASDAQ yesterday right before the close with a buy signal that turned out to be a good one….Here is an updated mini NASDAQ 100 hourly chart, with potential targets as well as possible pull backs along with two sell signals that were NOT confirmed by price action
(break below or above dashes):,

kL1V0LBl74cAAAAASUVORK5CYII=

 

Continue reading “FOMC Report and Market Rally | Support and Resistance Levels”

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.