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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.

Trade With Caution, FOMC Day Tomorrow | Support and Resistance Levels

Posted on by Ilan

In this post:

1. Market Commentary
2. Support and Resistance Levels
3. Daily Mini S&P 500 Futures Chart
4. Economic Reports
5. Earnings Releases

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1. Market Commentary

 

Front month for Equities (eminis), currencies, bonds and financials and many other markets is now December. You should not be trading almost any September contract of any market.

Note to our clients who are trading with TransactAT:

The latest version is now TransactAT 5.2.2 (download). The newer version can be installed over the older version. Please contact you broker if you need any help.

FOMC tomorrow and before that more than a few economic numbers.

FOMC days have different characteristics than other trading days. If you have traded for a while, check your trading notes from past FOMC days that may help you prepare for tomorrow.

If you are a newcomer, take a more conservative approach and make sure you understand that the news can really move the market- FAST.

My observations suggest choppy, low volume up until announcement, followed by some some sharp volatile moves right during and after the announcement. However, with tomorrow early morning reports, we may see more volatility during first couple of hours as well.

My SWING trading model is currently short the mini Russell from 693 ( target around 672, stop around 716) which may not suite everyone’s stomach ahead of the what maybe volatile overnight and tomorrows FOMC session, but chart for your review below.

If you would like to be included on my SWING trade ideas, send me an email. Continue reading “Trade With Caution, FOMC Day Tomorrow | Support and Resistance Levels”

Fed Chairman Bernanke Speaks Tomorrow | Support and Resistanec Levels

Posted on by Ilan

In this post:

1. Market Commentary
2. Support and Resistance Levels
3. Economic Reports

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1. Market Commentary

FRONT MONTH FOR EQUITIES AND BONDS IS DECEMBER

SYMBOL FOR DECEMBER IS Z

Good article on our weekly futures newsletter regarding “knowing your risk” Continue reading “Fed Chairman Bernanke Speaks Tomorrow | Support and Resistanec Levels”

Gaps in the Underlying Asset for the Mini S&P 500 | Support and Resistance Levels

Posted on by Ilan

In this post:

1. Market Commentary
2. Support and Resistance Levels
3. December Mini S&P 500 Continuous Futures chart
4. Economic Reports

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1. Market Commentary

FRONT MONTH FOR EQUITIES AND BONDS IS DECEMBER

SYMBOL FOR DECEMBER IS Z

When looking at the pit SP 500 ( or what some call the “big SP” as each point is $250 or one big SP = 5 emini sp….) what we see is plenty of GAPS.

These GAPS are a result of overnight moves ( the PIT SP follows the cash stock index of SP500, which is the underlying asset for the future contracts. It is one of the reasons that GAPS on the SP are watched by certain traders and there is a saying ” all GAPS get filled” and if I may add, the question is really when….

Below is an SP500, pit session, hourly chart for your review. I marked the few gaps we had recently with circles. The diamonds that appear are my condition/ ALGO that I have programmed and in this case, the red diamond alerts me for a potential sell for the night session/ early trading tomorrow. Continue reading “Gaps in the Underlying Asset for the Mini S&P 500 | Support and Resistance Levels”

NYMEX Energy Futures Margin Requirements Changes – Heating Oil Futures and RBOB Gasoline Futures

Posted on by Ilan

Please be aware of margin requirement changes for selected energy futures contracts starting after the close of business on Monday, September 12, 2011. Below we provided a few selected contract changes.

NYMEX Heating Oil Futures Margin Requirement Changes

CC Rate Type Description Change ISO Current Initial Current Maintenance New Initial New Maintenance
HO Spec Tier 1 Decr. USD 9,788 7,250 8.775 6,500
HO Hedge/Member Tier 1 Decr. USD 7,250 7,250 6,500 6,500
HO Spec Tier 2 Decr. USD 9.788 7,250 8,775 6,500
HO Hedge/Member Tier 2 Decr. USD 7.250 7,250 6,500 6,500
HO Spec Tier 3 Decr. USD 9,788 7,250 8,775 6,500
HO Hedge/Member Tier 3 Decr. USD 7,250 7,250 6,500 6,500
HO Spec Tier 4 Decr. USD 9,450 7,000 8,438 6,250
HO Hedge/Member Tier 4 Decr. USD 7,000 7,000 6,250 6,250

 

NYMEX RBOB Gasoline Futures Margin Requirement Changes

CC Rate Type Description Change ISO Current Initial Current Maintenance New Initial New Maintenance
RT Spec Tier 1 Decr. USD 11,475 8,500 10,463 7,750
RT Hedge/Member Tier 1 Decr. USD 8,500 8,500 7,750 7,750
RT Spec Tier 2 Decr. USD 11,475 8,500 10,463 7,750
RT Hedge/Member Tier 2 Decr. USD 8,500 8,500 7,750 7,750
RT Spec Tier 3 Decr. USD 11,138 8,500 10,125 7,750
RT Hedge/Member Tier 3 Decr. USD 8,250 8,500 7,500 7,750
RT Spec Tier 4 Decr. USD 10,125 7,500 9,113 6,750
RT Hedge/Member Tier 4 Decr. USD 7,500 7,500 6,750 6,750

You can view the rest of the NYMEX energy futures margin requirements changes here: http://www.cmegroup.com/tools-information/lookups/advisories/clearing/files/Chadv11-317.pdf

CME Group Moment of Silence During Futures Market Hours | Support and Resistance Levels

Posted on by Ilan

In this post:

1. Market Commentary
2. Support and Resistance Levels
3. December Mini S&P 500 Continuous Futures chart
4. Economic Reports
5. Highlighted Earnings Releases

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1. Market Commentary

FRONT MONTH FOR EQUITIES AND BONDS IS DECEMBER

SYMBOL FOR DECEMBER IS Z

On a different note:

On Friday, September 9, 2011, CME Group will observe the tenth anniversary of the attacks on the World Trade Center. As a result, NYMEX/COMEX markets on CME Globex will observe voluntary moments of silence at: 07:46 CT/08:46 ET, 08:03 CT/09:03 ET, 08:59 CT/09:59 ET and 09:29 CT/10:29 ET. We request that all electronic market participants refrain from trading NYMEX and COMEX products on CME Globex and CME ClearPort during these moments of silence

December mini SP continuous chart for your review below: Continue reading “CME Group Moment of Silence During Futures Market Hours | Support and Resistance Levels”

More Volatitity after Holiday Weekend | Support and Resistance Levels

Posted on by Ilan

In this post:

1. Market Commentary
2. Support and Resistance Levels
3. Hourly Futures chart of PIT big S&P500
4. Economic Reports
5. Highlighted Earnings Releases

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1. Market Commentary

Market came back from a long weekend with extra energy and extra volatility.

We gaped lower to start the session and then bounced most of the day after better than expected ISM.

At this point, there more than a few gaps on the daily chart to be filled in both directions.

I am looking at a “band” between 1183 and 1136 as we go into tonight’s and tomorrow session.

To be honest, I don’t have a feel on which way to play the market outside of day-trading set ups right now.

I share these set ups, like the one below using the hourly chart in my daily, live signals service.

Hourly chart of PIT (big SP500) for your review below: Continue reading “More Volatitity after Holiday Weekend | Support and Resistance Levels”

Bearish Close for the Mini Russell 2000 | Support and Resistance Levels

Posted on by Ilan

In this post:
1. Market Commentary
2. Support and Resistance Levels
3. Daily Futures Chart for Mini Russell 2000
4a. Economic Reports Monday September 5th
4b. Economic Reports Tuesday September 6th

1. Market Commentary

I wrote the following yesterday:
I am getting mixed signals from the chart perspective and there is a case both for the bulls and the bears.

The bulls need to hold above 1183.00 and break above 1215.75

The bears need to break below 1183.00 to have a shot at the 1142.50 level.

Well we broke below 1183 and closed right around 1172, which to me is a bearish close. However to keep things in perspective, this is pretty much the same price we traded at last Friday…..The next level the bulls must defend is 1132.75.

It will be interesting to see which direction this market takes after the long weekend.

Wishing all of you a great, long Labor Day weekend. recharge, relax, enjoy and see you next week! You can view the Labor Day 2011 futures trading hours below.

View Labor Day 2011 Holiday Futures Trading Hours

Daily chart of Mini Russell 2000 including a sell signal I got yesterday after the close for your review below.

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2. Support and Resistance Levels!

Contract (Sept. 2011) SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1198.23 2274.25 11745 730.13
Resistance 2 1191.62 2248.00 11631 719.77
Resistance 1 1181.93 2208.25 11426 700.33
Pivot 1175.32 2182.00 11312 689.97
Support 1 1165.63 2142.25 11107 670.53
Support 2 1159.02 2116.00 10993 660.17
Support 3 1149.33 2076.25 10788 640.73

 

Contract Dec. Gold Sept. Euro Oct. Crude Oil Dec. Bonds
Resistance 3 1916.9 1.4365 92.26 145 2/32
Resistance 2 1900.7 1.4326 90.62 142 23/32
Resistance 1 1892.7 1.4258 88.69 141 16/32
Pivot 1876.5 1.4219 87.05 139 5/32
Support 1 1868.5 1.4151 85.12 137 30/32
Support 2 1852.3 1.4112 83.48 135 19/32
Support 3 1844.3 1.4044 81.55 134 12/32

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3. Daily Futures chart for Mini Russell 2000 from September 2nd, 2011

Daily Futures chart for Mini Russell 2000 from September 2nd, 2011

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4a. Economic Reports Monday September 5th, 2011

Bank Holiday
8:30am USD

4b. Economic Reports Tuesday September 6th, 2011

ISM Non-Manufacturing PMI
10:00am USD

Economics Report Source: http://www.forexfactory.com/calendar.php

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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 herein 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 judgment in trading!

Labor Day 2011 Holiday Futures Trading Hours

Posted on by Ilan

Labor Day Holiday Trading Hours

The exchange holiday trading hours are listed below, please contact us if you have any questions!

Friday, September 2 Schedule

CME Group (Floor)

Regular Close

NYMEX (Floor)

Regular Close

GLOBEX

3:15 pm Close: CME Interest Rate, CBOT Financial, Foreign Exchange, GSCI, Wood Pulp, Crude Palm Oil and Green Exchange products

* All other products regular close

ICE

3:15 pm Close: Index and Financial products

* All other products regular close

EUREX

Regular Close

OneChicago

Regular Close

NYSE

Regular Close

Forex

Regular Close

Sunday, September 4 Schedule

CME Group (Floor)

Closed

NYMEX (Floor)

Closed

GLOBEX

Regular Open

* Exceptions – Dairy, Crude Palm Oil, GSCI, Lumber, Weather, CBOT/KCBT/MGEX Grains, MGEX Apple Juice, Ethanol, TRAKRS, Dow UBS ER and Livestock products closed

ICE

Regular Open

* Exceptions – Soft and Open outcry products closed

EUREX

Regular Open

* Exceptions – US, Brazilian, Canadian Equity Derivatives and Hurricane Futures closed

OneChicago

Closed

NYSE

Closed

Forex

Regular Open

Monday, September 5 Schedule

CME Group (Floor)

Closed

NYMEX (Floor)

Closed

GLOBEX

Closed: Dairy, Crude Palm Oil, GSCI, Lumber, Weather, CBOT/KCBT/MGEX Grains, MGEX Apple Juice, Ethanol, TRAKRS, Dow UBS ER and Livestock products

10:30 am Close: Equity products

12:00 pm Close: CME Interest Rate, CBOT Financial, 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, Livestock, GSCI, Lumber, Weather, Real Estate, Wood Pulp, NYMEX/COMEX/DME and Green Exchange products

5:30 pm Open: Financial products

6:00 pm Open: CBOT/KCBT/MGEX Grain and Ethanol products

ICE

Closed: Softs and Open outcry products

10:30 am Close: Index products

12:00 pm Close: Financial products

EUREX

Closed: US, Brazilian, Canadian Equity Derivatives and Hurricane Futures

*No cash payment in USD

OneChicago

Closed

NYSE

Closed

Forex

Regular Close

Download the PDF version of the CME Globex Labor Day Holiday Schedule.

Or you can visit The ICE Exchange Labor Day Holiday Calendar page.

*All hours listed in Central Time

The above calendar is 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.

If you have any questions please contact your broker.

Market Volatility During the Jackson Hole Symposium | Support and Resistance Levels

Posted on by Ilan

I am going to write exactly what I shared yesterday. VALID and worthy….but to add I also included a chart of the mini SP with some levels to watch for. 1197 is my resistance and 1141 is support. As mentioned below, we expect HIGH VOLATILITY!

We expect volatility to peak as we approach Friday, ahead of the weekend with Fed Chairman Bernanke speaking In Jackson Hole and Quarterly GDP numbers due early.

Plan for the unexpected. If you are a swing / position trader make sure you have enough “cushion” to sustain these volatile moves and make sure you understand your margin requirements and obligations.

On a different note, GREAT article about “Beliefs” and Trading by Dr. Janice Dorn in our weekly newsletter.

Daily Futures chart of the S&P 500 from August 25th, 2011

Daily Futures chart of the S&P 500 from August 25th, 2011

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. Continue reading “Market Volatility During the Jackson Hole Symposium | Support and Resistance Levels”

Futures Trading Levels, Watch for Monthly Unemployment Numbers Tomorrow

Posted on by Ilan

Cannon Trading / E-Futures.com

Would you like to have access to my DIAMOND ALGO as shown below and be able to apply for any market and any time frame? The screen shot below is of the Mini Russell from earlier today.

If so, please send me an email with the following information:

  1. Are you currently trading futures?
  2. Charting software you use?
  3. If you use sierra or ATcharts, please let me know the user name so I can enable you.
  4. Markets you currently trading?

Daily Chart of the Mini Russell from July 7th 2011

Daily Chart of the Mini Russell from July 7th 2011

Monthly Unemployment numbers tomorrow before the cash market open…..

Wild Ride

Continue reading “Futures Trading Levels, Watch for Monthly Unemployment Numbers Tomorrow”

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.