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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.

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?”

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 10-Year US Note
Resistance Level 3——————————————Resistance Level 2

——————————————

Resistance Level 1

——————————————

Support Level 1

——————————————

Support Level 2

——————————————

Support Level 3

 1318.51308

 

1304

 

1290.75

 

1281

 

1278

 25562537

 

2511

 

2465

 

2444

 

2428

 1259812529

 

12451

 

12352

 

12318

 

12248

 768.6762.4

 

755.5

 

742.3

 

732.5

 

731.6

 14823 (all time high)14806

14727

 

14714

 

14624

 

14518

 13327 (all time high)13323

13320.5

 

13306

 

13226.5

 

13216.5

Continue reading “Monday Morning Support and Resistance Numbers”

Mini Russell 2000 Chart | Support & 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 21, 2012

Hello Traders,

Below is a screen shot from part of this morning volatile session in the mini Russell 2000 with my daytrading signals I share with clients/ prospects. If interested in viewing my intra-day charts on trial basis,please visit and register for a free trial online.

Mini Russell 2000 Chart

weekly gold

Continue reading “Mini Russell 2000 Chart | Support & 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

 13321323

1312.75

 

1303.25

 

1299.50

 

1296.00

 25562544

2532

 

2492

 

2481

 

2463

 1267212596

12512

 

12432

 

12401

 

12352

 770.8765.1

758.8

 

746.8

 

741.3

 

732.5

 14823 (all time high)14813

14807

 

14719

 

14708

 

14629

 13327 (all time high)13323

13320.5

 

13300

 

13222

 

13213

Continue reading “Friday Morning Support and Resistance Numbers”

Markets Pick Up Volatility | Support & 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 May 18, 2012

 

Hello Traders,

Markets have picked up some volatility. Indices, energies, metals, grains – are all experiencing some big moves and higher volatility.

Couple of tips I want to share:

1. Higher volatility requires SMALLER trading size, since the trading bands are now going to be wider.

2. It’s ok to “miss a trade” better than a bad trade, so don’t chase the market…

3. If you are daytrading, try the following: place your entry level very close to where you were originally going to place your stop order and place your stop order higher or lower than that. Yes you will “miss ” more than a few trades but this may help increase your chances of a good trades when you get in rather than get stopped out

Below you will see two charts of the GOLD market. Weekly and daily. Gold has hit a strong support level and may be due for a nice bounce. I think if tomorrow we can have a strong weekly and daily close, than chances for a strong bounce are higher, on the other hand failure to finish the week with momentum may trigger another run at the lows and perhaps breaking these lows.

“Plan your trade, trade your plan!”

GOLD WEEKLY

571

 

GOLD DAILY

572

Continue reading “Markets Pick Up Volatility | Support & 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

 1352.51336.75

 

1329.5

 

1315.75

 

1308.25

 

1296.00

 26242583

 

2569

 

2583

 

2563.75

 

2543

 1281912708

 

12647

 

12533

 

12460

 

12248

 780776.4

 

772.5

 

765

 

756.1

 

741.3

 1472914716

 

14706 (all time high)

14609

 

14526

 

14431

 13319.5 (all time high)13312.5 

13308

 

13300

 

13222

 

13213

Continue reading “Thursday Morning Support and Resistance Numbers”

Weekly Chart of the Mini NASDAQ | 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 17, 2012

 

Hello Traders,

Weekly chart of the mini NASDAQ with possible levels to watch for your review below.

Patience, discipline and ability to accept losses are some of the biggest keys for any trading, especially for day-trading.

Write your rules down, post them on the computer and make a conscious effort to follow them. I know when I follow my own rules, it helps me and sometimes the biggest battle is just staying disciplined.

Continue reading “Weekly Chart of the Mini NASDAQ | 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.