This blog provides daily support and resistance levels for major commodities, indices, and financial futures contracts, along with market outlooks and insights.
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...
Cannon Trading / E-Futures.com Daily chart of the mini SP500 along with potential levels below and above for you review below. I think the current level we are at, 1267 is a pivot level. It is a 76.4% Fibonacci level between the lows made back...
Cannon Trading / E-Futures.com Daily chart of the Mini Sp 500 along with possible support and resistance levels for your review below. My technical opinion is that we should visit 1272.50 soon. OPEC MEETING TOMORROW Daily mini S&P trading chart screenshot from today June 7th,...
Cannon Trading / E-Futures.com Wishing everyone a nice weekend. Below is a daily chart of the mini SP 500. We had good volume over last few days and the key level to watch early next week is 1290- 1292. If you like to view my...
Cannon Trading / E-Futures.com Market will be waiting monthly un employment numbers , tomorrow morning before the open of cash market. Since we started a new month, I figured I will share a monthly chart for your review. From MY TECHNICAL perspective, if we can...
Cannon Trading / E-Futures.com Yesterday I wrote: “If we break todays low of 1310.75, I will favor a move down to 1290. On the other hand if we can hold this level, we may see a bounce to 1326”. Well…..we had an inside day trading...
Cannon Trading / E-Futures.com Energy Markets Move Little May crude contracts rose 83 cents, or 0.8%, to reach $107.91 a barrel on the futures trading floor of the NYMEX after starting the day off negative. Gasoline contracts for May delivery lost 1 cent, or...
Cannon Trading / E-Futures.com The following is taken from a guide I have written that helps subscribers to my daily chart service. You can have a 2 week free trial to the daily live charts service along with buy/sell triggers and get the full guide...
Cannon Trading / E-Futures.com Hourly chart of mini SP 500 for review below. price action in the last hour of trading today was bearish so it will be interesting to watch the 1300 level ahead of tomorrows session.
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.