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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.

Daily Support & Resistance and Economic Data to be Released, October 22nd 2010

Posted on by Ilan

 

 

 

Daily Support & Résistance Levels Mini-S&P 500 Futures
Dec. 10		 Mini-Nasdaq 100 Futures
Dec. 10		 Mini-Dow Futures
Dec. 10		 Mini Russell 2000 Futures
Dec.10		 30-year US Bond Futures
Dec. 10		 10-Year US Note
Futures Dec. 10
Support 3 1167.25 2051.50 11014 688.10 12926 12528
Support 2 1172.00 2066.00 11053 692.70 13025 12602
Support 1 1175.00 2076.00 11077 695.60 13109 12610
Resistance 1 1186.25 2104.75 11164 709.50 13129 12621
Resistance 2 1189.50 2118.00 11213 711.70 13210 12628
Resistance 3 1196.75 2133.00 11289 719.70 13230 12707
Daily Support & Resistance Levels
 Gold Futures
Dec.2010		 Silver Futures
Dec. 2010		 Copper Futures
Dec. 2010		 Crude Oil Futures
Nov. 2010		 Euro Curr.
Dec. 2010		 Dollar Index
Dec. 2010
Support 3 1273.7 21.36 3.695 79.90 1.3763 .7634
Support 2 1300.7 22.21 3.720 80.72 1.3819 .7706
Support 1 1315.6 23.16 3.752 81.11 1.3850 .7740
Resistance 1 1334.0 23.37 3.850 81.87 1.4042 .7795
Resistance 2 1343.0 23.65 3.868 82.49 1.4100 .7802
Resistance 3 1360.0 24.15 3.880 83.10 1.4156 .7861

Updated: 22-Oct-10 07:55 ET

This Week’s Calendar

Date ET Release For Actual Briefing.com Consensus Prior Revised From
Oct 25 10:00 Existing Home Sales Sep NA NA 4.25M 4.13M NA
Oct 26 09:00 Case-Shiller 20-city Index Aug NA NA NA 3.18% NA
Oct 26 10:00 Consumer Confidence Oct NA NA NA -0.5% NA
Oct 26 10:00 FHFA Home Price Index Aug NA NA 1.4 -0.7 NA
Oct 27 7:00 MBA Mortgage Applications 10/22 NA NA NA -10.5% NA
Oct 27 8:30 Durable Orders Sep NA NA 0.8% 4.13M -1.3%
Oct 27 8:30 Durable Orders – ex transporation Aug NA -0.2% 4.25M 2.0% NA
Oct 27 10:00 New Home Sales Sep NA NA 297K 288K NA
Oct 27 10:30 Crude Inventories 10/23 NA NA NA 0.667M NA
Oct 28 8:30 Initial Claims 10/23 NA NA NA 452K NA
Oct 28 8:30 Continuing Claims 10/16 NA NA NA 4441K NA
Oct 29 8:30 GDP-Adv. Q3 NA NA 2.4% 1.7% NA
Oct 29 8:30 Chain Deflator-Adv. Q3 NA NA NA 1.9% NA
Oct 29 8:30 Employment Cost Index Q3 NA NA 0.5% 0.5% NA
Oct 29 9:45 Chicago PMI Oct NA NA NA 60.40 NA
Oct 29 9:55 Michigan Sentiment – Final Oct NA NA 68.0 67.9 NA

Continue reading “Daily Support & Resistance and Economic Data to be Released, October 22nd 2010”

Futures and Commodity Trading Blog, September 20th 2010

Posted on by Ilan

Market finally broke to the upside but like always “tries to make it harder” for us traders…. The upside breakout lacked momentum and / or continuation, at least today. However, I have shifted my swing trading stance to cautiously bullish as long as SP500 can hold above 1105.75….

FOMC next Tuesday along with busy Thursday / Friday economic and speaking schedule.

Have a great weekend, take time to recharge the brain and “clean it” from all the ” I should have placed a stop at this price and i should have taken that trade” etc….Once a trader has a concept they feel good about, the rest of the battle is mostly mental one with yourself.

Continue reading “Futures and Commodity Trading Blog, September 20th 2010”

Quadruple Witching to Provide S&P 500 with Clues, September 17th 2010

Posted on by Ilan

Same comments from yesterday and the day before still hold true….main difference is the tomorrow is quadruple witching day so I am hopeful that we finally break out one way or the other……

Well by now this is the 3rd or 4th time we are knocking on 1122.75…..that means one out of two (in my opinion): Tomorrow morning reports help this market break this level and start another leg up towards 1157.00

OR…..

Market fails one more time against this level, fills the gap below ( 1105.75) before giving us some additional clues.
I would love to have the “correct answer” to give you but only time and price action will tell….

SP 500 Day Trading
SP 500 Day Trading

Continue reading “Quadruple Witching to Provide S&P 500 with Clues, September 17th 2010”

Cannon Trading: A Full Service Futures and Commodities Brokerage Firm

Posted on by Ilan

“If we break down below 1078, my guess is we will resume selling pressure”

Yesterday I wrote the following:

“On a different note, I got a blue diamond for tomorrow’s session which can mean potential up day if the futures market can break above 1083.00 or….continued decline if it fails to gain some upside momentum. Well the market broke 1083 overnight and continued as high as 1098 which is right above the nearest FIB level.”

What’s next one might ask? If we can hold 1078 then there is more upside potential, if we break down below 1078, my guess is we will resume selling pressure. Daily chart for review below:

EP - E- Mini S&P 500, Equal Active Daily Continuation
EP – E- Mini S&P 500, Equal Active Daily Continuation

Continue reading “Cannon Trading: A Full Service Futures and Commodities Brokerage Firm”

Best Trading Practices: Always Ask Your Futures Broker July 30th 2010

Posted on by Ilan

“Last Trading day of the month tomorrow.”

At any time traders, especially self directed futures traders, must be aware of first notice day, last trading, economic reports etc.

Tomorrow is first notice day for August Gold futures contract – As your futures and commodity broker we try our best to keep many of you informed via this daily blog but always make sure you contact your futures broker with any questions you may have.

Daily chart of September e-mini Dow Jones below for review. I am not sure about direction to be honest. Both bulls and bears have a case and at this point we are trading in a band between 10293 and 10536, which is a wide trading range.

YM - E-Mini Dow Futures - $5 Multiplier, Equalized Active Daily Continuation
YM – E-Mini Dow Futures – $5 Multiplier, Equalized Active Daily Continuation

Continue reading “Best Trading Practices: Always Ask Your Futures Broker July 30th 2010”

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.