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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.

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”

Futures Trading Levels, July 4th weekend Trading Hours

Posted on by Ilan

Cannon Trading / E-Futures.com

Wishing all of you a great trading month in July and Happy 4th of July weekend!

Daily chart of Mini SP 500 for review below, followed by Holiday hours.

The 1321 to 1323 area may prove to be hard resistance to break. Also last few months I have noticed a rally the last day of the month, followed by a sell off the first or second trading of the month….**

Daily Mini S&P 500 Chart from June 30th, 2011

Daily Mini S&P 500 Chart from Thursday June 30th, 2011

Independence Day Trading Schedule

Friday, July 1

CME Group (Floor)
Regular Close

NYMEX (Floor)
Regular Close

GLOBEX
3:15 pm Close: Interest Rate, Foreign Exchange, 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

Forex
Regular Close

Sunday, July 3

CME Group (Floor)
ClosedNYMEX (Floor)
Closed

GLOBEX
Regular Open
* Exceptions – Dairy, Crude Palm Oil, Livestock, GSCI, Lumber, Weather, CBOT/KCBT/MGEX Grains, Ethanol, TRAKRS and Dow UBS ER 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, July 4

CME Group (Floor)
ClosedNYMEX (Floor)
Closed

GLOBEX
Closed: Dairy, Crude Palm Oil, Livestock, GSCI, Lumber, Weather, CBOT/KCBT/MGEX Grains, Ethanol, TRAKRS and Dow UBS ER products
10:30 am Close: Equity products
12:00 pm Close: Interest Rate, 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, GSCI, 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

*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.

Continue reading “Futures Trading Levels, July 4th weekend Trading Hours”

Futures Trading Levels, Crude Oil Tumbles in Light of OPEC and IEA News

Posted on by Ilan

Cannon Trading / E-Futures.com

Overnight news sent crude oil tumbling….I thought it would be interesting to share a weekly chart of Crude Oil futures for your review.

The International Energy Agency will release 60 million barrels of oil from strategic government stockpiles held by industrialized consumer nations in a bid to push down oil prices, the 28-member group announced on Thursday.

The announcement comes after OPEC failed to raise production at a meeting on June 8 and despite assurances from OPEC’s biggest producer Saudi Arabia that it would lift supplies unilaterally.

Weekly Crude Oil Futures Chart: June 23rd 2011

Weekly Crude Oil Futures Chart levels for Wednesday June 23rd, 2011

Continue reading “Futures Trading Levels, Crude Oil Tumbles in Light of OPEC and IEA News”

Futures Trading Levels, Looking at the Underlying Product of Futures

Posted on by Ilan

Cannon Trading / E-Futures.com

Once in a while I like to take a look at the actual underlying product for the future I am trading. In the case of the mini SP500, the actual product is the SP500 cash index. Below is a daily chart of the SP500 cash index, courtesy of CQG charting software.

Based on the tools I use and have confidence in, I will look for failure against the 1301 level and/ or a break back below 1284 as a sign that selling may resume towards the previous lows around 1258 cash basis. As always, use your own judgement in trading, know the time frame you like to trade, your risk tolerance etc.

Daily Chart of the S&P 500 Cash Index from June 22nd 2011

Daily S&P 500 Cash Index Chart levels for Wednesday June 22nd, 2011 Continue reading “Futures Trading Levels, Looking at the Underlying Product of Futures”

Futures Trading Levels, Unemployment Claims and Natural Gas Storage Reports Tomorrow

Posted on by Ilan

Cannon Trading / E-Futures.com

There is a good article available at the Cannon Trading Company Weekly Newsletter. Continue reading “Futures Trading Levels, Unemployment Claims and Natural Gas Storage Reports Tomorrow”

Futures Trading Levels, Diamond Algorithm by Ilan Levy-Mayer

Posted on by Ilan

Cannon Trading / E-Futures.com

I mentioned yesterday that 1266 can act as pivot level. Turns out it did, market was oversold and we got a buy signal after the close yesterday which hit the first target very quickly ( today….). Next target on the way up is 1300. Support below will be 1266 , , 1259.50 followed by 1235.

Daily chart of the mini SP500 along with potential levels below and above for you review below.

If you like to have a FREE TRIAL to my DIAMOND ALGORITHM using sierra charts, please send me an email with name, tel number and markets you trade.

This ALGO tries to identify turning points in the market and can be applied to variety of markets and time frames. Continue reading “Futures Trading Levels, Diamond Algorithm by Ilan Levy-Mayer”

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.