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Category: Futures Broker

The futures market comprises mainly of two players, namely, the hedgers and the speculators. While the former use futures as a safety or protection blanket, the latter is a group of traders who handle the trading accounts of those investing in the futures.

Futures trading can be arisky business that can require guidance and consultancy. Whether you are an individual or a firm, you need to be well-versed with the rules of the game. Futures brokers are always there to help you with advice and help you in matters related to futures trading. A rule of futures trading is that one canonly use those funds that have been termed as risk capital.

We at Cannon Trading help your understanding of the big and small things about futures brokers and trading. Apart from that, we also aid you in making the most out of the market; and, no matter how volatile and risky it is we offer the best advice we possibly can on trading. Under this category of futures broker, we write about the latest and informative articles that you should read to get equipped on the recent events in the futures markets.

Martin Luther King Futures Trading Schedule

Posted on by Ilan

 

Martin Luther King, Jr.HolidaySchedule

 

Monday, January 21 is Martin Luther King,  Jr. Day.  CME Group, The ICE Exchange and other U.S.exchanges observe this U.S.recognized holiday. Open outcry markets, markets traded by CME Group / CME Globex, The ICE Exchange and other electronic markets observe different opening and closing times, depending on markets traded.  Opening and closing times are also affected on days prior to the holiday.

 

The following link will take you to the Globex Martin Luther King Holiday Schedule, including for CME & CBOT equity products, interest rate & FX products, NYMEX & COMEX products, CBOT, KCBT, grain & agricultural products and others (PDF file):

 

http://www.cmegroup.com/tools-information/holiday-calendar/files/2013-martin-luther-king.pdf Continue reading “Martin Luther King Futures Trading Schedule”

Wednesday 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 (September) Mini S&P 500 Mini Nasdaq 100 Dow Jones Mini Russell 2000 30-Year US Bond Sep ’12 10-Year US Note Sep ’12
Resistance Level 3 ——————————————Resistance Level 2

——————————————

Resistance Level 1

——————————————

Support Level 1

——————————————

Support Level 2

——————————————

Support Level 3

 1424.751418

 

1413.5

 

1403.25

 

1395.25

 

1387

 28232802.5

 

2795

 

2778

 

2768

 

2750.5

 1330813215

 

13194

 

13063

 

13011

 

12945

 826.8821.40

 

817.2

 

810.3

 

806.6

 

800.70

 1501515004

 

14930

 

14909

 

14821

 

14803

 1330013228

 

13226

 

13216.5

 

13208.5

 

13201.5

Continue reading “Wednesday 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

Posted on by Ilan

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 Mini S&P 500 (Mar) Mini Nasdaq 100 (Mar) Dow Jones (Mar) Mini Russell 2000 (Mar) 30-Year US Bond (June) 10-Year US Note (June)
Resistance Level 3—————————————— Resistance Level 2——————————————Resistance Level 1

——————————————

Support Level 1

——————————————

Support Level 2

——————————————

Support Level 3

 1385.251381.75 

1376

 

1366.5

 

1360.75

 

1355.5

 26632653.25 

2645

 

2619

 

2607

 

2619

 1313313078 

13042

 

12956

 

12913

 

12871

 824.20820.70 

817.1

 

806.5

 

801.4

 

783.20

 1421314129 

14112

 

13924

 

13914

 

13505

 13104.513030.5 

13024

 

13012

 

13001.5

 

12926

Continue reading “Thursday Morning Support and Resistance”

Monday Morning Support and Resistance Numbers

Posted on by Ilan

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 (Mar. 2012) 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

 1373.51369.5

 

1363.5

 

1353

 

1350.5

 

1347.5

 2622.52609.5

 

2602

 

2584

 

2576

 

2568

 1302413969

 

12941

 

12895

 

12859

 

12826

 835.80832

 

825.6

 

817.5

 

812.4

 

806.5

 1443014408

 

14327

 

14304

 

14224

 

14213

 13203.513126

 

13124.5

 

13111.5

 

13106

 

13101

Continue reading “Monday Morning Support and Resistance Numbers”

Webinar Videos | 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 – March Corn, March Wheat, Jan Beans, March Silver
5.Economic Report for February 23, 2012

Two videos from the webinar:
Using auto trailing stops to day-trade crude oil futures

Using overbought/oversold ALGORITHM along with preset exits to day trade Mini S&P 500 Futures

To learn more about our FREE charting package and other information presented in these videos, please visit us at:
https://www.cannontrading.com/contact-info.php

2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000

Contract (Dec. 2011) SP500
(big & Mini)		 Nasdaq100
(big & Mini)		 Dow Jones
(big & Mini)		 Mini Russell
Resistance Level 3 1378.27 2637.67 13122 848.37
Resistance Level 2 1370.28 2618.83 13049 838.13
Resistance Level 1 1366.27 2607.67 13007 832.87
Pivot Point 1358.28 2588.83 12934 822.63
Support Level 1 1354.27 2577.67 12892 817.37
Support Level 2 1346.28 2558.83 12819 807.13
Support Level 3 1342.27 2547.67 12777 801.87

Continue reading “Webinar Videos | Support and Resistance Levels”

Thursday Morning Support and Resistance

Posted on by Ilan

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 (Mar. 2012) 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

 1373.51369.5

 

1363.25

 

1353

 

1351.75

 

1347.5

 2622.52611

 

2602

 

2575

 

2560

 

2543

 1315313101

 

13024

 

12891

 

12864

 

12700

 835.80827.6

 

822.5

 

814.3

 

810.2

 

806.5

 1422414213

 

14202

 

14117

 

14031

 

14023

 13111.513107.5

 

13029

 

13021

 

13012

 

13007.5

Continue reading “Thursday Morning Support and Resistance”

Wednesday Morning Support and Resistance

Posted on by Ilan

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 (Mar. 2012) 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

 1381.51373.5

 

1369.5

 

1355.75

 

1351.75

 

1347.5

 2622.52611

 

2602

 

2585

 

2576

 

2560

 1315313101

 

13024

 

12944

 

12901

 

12864

 835.80829

 

824.8

 

821.1

 

817.6

 

806.5

 1421314202

 

14122

 

14031

 

14023

 

13924

 13107.513029

 

13023

 

13012

 

13007.5

 

12926

Continue reading “Wednesday Morning Support and Resistance”

Presidents Day Futures Trading Hours and Holiday Trading Schedule

Posted on by Ilan

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

Friday, February 17 Trading Hours

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

Nadex
Regular Close

Forex
Regular Close

Sunday, February 19 Continue reading “Presidents Day Futures Trading Hours and Holiday Trading Schedule”

Friday Morning Support and Resistance Numbers

Posted on by Ilan

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 (Mar. 2012) 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

 13751363.75

 

1359.5

 

1356

 

1352

 

1345.25

 2622.52611

 

2600

 

2583

 

2576

 

2563

 1302713001

 

12931

 

12873

 

12842

 

12788

 848.50843.4

 

832

 

824.9

 

821.6

 

818.70

 1430114216

 

14207

 

14122

 

14117

 

14023

 1310513101.5

 

13028.5

 

13018

 

13007.5

 

12926

Continue reading “Friday Morning Support and Resistance Numbers”

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.