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Category: Metal Futures

Trading metal futures? If you are planning to, then it is important to know that in this kind of trading you always have to come prepared. Do your homework and track the indices daily. Take out time and check how metals are doing in different parts of the world.

Take a look at the Eastward market every day. The first markets to open are the Asian ones. Begin your tracking of indices from here. Apart from this you will also have to be regular with reading the business reports. There is much work for you to do before you put your money in metals futures.

Because trading requires one to take out a considerable amount of time for studying and analyzing, and because a lot of people have everything but time, there are traders and brokers. We at Cannon Trading can assist you with trading. If you want to trade yourself, we give you the advice. In short, we are there to help you with whatever you have got. Here we have a category archive that lists some informative blogs on metal futures and trading. Go through these valuable posts to increase your knowledge of metal futures.

Mini Russell 2000, Mini SP 500, Crude Oil, Gold futures Chart | Support and Resistance

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 Wednesday May 9, 2012

 

Hello Traders,

Below is a screen shot of my desktop charting from today, which I share with interested clients and prospects on a trial basis and subscription basis.

What you see below are my intra-day charts for the : ( from left to right)

Mini Russell 2000, Mini SP 500, Crude Oil ( top right), Gold futures, (bottom right)

If you have not had the trial before,

 

 

1336509475703

Continue reading “Mini Russell 2000, Mini SP 500, Crude Oil, Gold futures Chart | Support and Resistance”

Daily Chart of the Mini SP 500 | 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 Reports for Thursday, January 4, 2012

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1. Market Commentary

The New year started but seems that some trades are still away from the markets as volume is still considerably lower than average. Today’s trading in mini SP is a good example, choppy trade, less than 1.4 Mil contracts and market end up pretty much unchanged….

I am including a daily chart of the mini SP 500 for your review. I suspect that more volume and volatility will return to the markets in the next few days.

514 Continue reading “Daily Chart of the Mini SP 500 | Support and Resistance Levels”

Wednesday Morning Support and Resistance Levels

Posted on by Ilan

Here’s a morning cup o’ joe for all you futures traders, our morning support and resistance levels. Good trading!

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Support and Resistance Levels – S&P 500, Nasdaq 100, Dow Jones, Mini Russell 2000, 30-Year US Bond, 10-Year US Note

Contract (Dec. 2011) 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

 1289.25 

1280

 

1276

 

1266

 

1261.5

 

1257

 2375 

2345

 

2328

 

2297

 

2281

 

2266

 12603 

12458

 

12415

 

12226

 

12127

 

12038

 768.4 

759

 

753.3

 

745.3

 

742

 

731.60

 14411 

14325

 

14315

 

14228

 

14220

 

14113

 13107.5 

13030.5

 

13025

 

13016.5

 

13011

 

12925.5

divider black 190 Continue reading “Wednesday Morning Support and Resistance Levels”

Tuesday Morning Support and Resistance Numbers –Welcome Back!

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 (Dec. 2011) 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

 1289.25 

1280

 

1276

 

1266

 

1261.5

 

1257

 2345 

2324

 

2317

 

2295

 

2278

 

2250

 12603 

12458

 

12388

 

12206

 

12110

 

12024

 768.4 

763.8

 

759

 

752.2

 

748.50

 

742.00

 14415 

14400

 

14323

 

14306

 

14213

 

14128

 13107.5 

13030.5

 

13025

 

13016.5

 

13011

 

12925.5

Continue reading “Tuesday Morning Support and Resistance Numbers –Welcome Back!”

Daily Chart of Feb Gold | 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 Reports for Friday, December 16, 2011

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1. Market Commentary

Gold has been the leader of the general markets last few days.
I tried sending a chart of gold yesterday but the wrong chart went out, so lets try this again:
Daily chart of Feb Gold for your review below –
468

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 1230.17 2275.33 11965 737.93
Resistance Level 2 1224.83 2262.67 11925 727.07
Resistance Level 1 1218.67 2245.33 11870 719.83
Pivot Point 1213.33 2232.67 11830 708.97
Support Level 1 1207.17 2215.33 11775 701.73
Support Level 2 1201.83 2202.67 11735 690.87
Support Level 3 1195.67 2185.33 11680 683.63

Continue reading “Daily Chart of Feb Gold | Support and Resistance Levels”

Gold in the Markets | 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. Daily Chart of February Gold Futures
6. Economic Reports for Thursday, December 15, 2011

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1. Market Commentary and Daily Mini S&P 500 Chart

Today’s big mover was gold. While we had big moves in many markets, currencies getting weaker against the dollar, energies lower, stock indices lower, it was the metals lead by gold which experienced some of the bigger % moves.

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 1230.33 2295.00 11968 734.27
Resistance Level 2 1224.27 2277.00 11917 726.83
Resistance Level 1 1215.13 2252.00 11833 715.57
Pivot Point 1209.07 2234.00 11782 708.13
Support Level 1 1199.93 2209.00 11698 696.87
Support Level 2 1193.87 2191.00 11647 689.43
Support Level 3 1184.73 2166.00 11563 678.17

Continue reading “Gold in the Markets | Support and Resistance Levels”

Daily Chart Gold Market | 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. Daily Gold Market Chart
5. Economic Reports for Thursday November 10, 2011

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1. Market Commentary

First it was Greece, now Italy who helped send the market sharply lower.

Outlook for stock indices does not look good from technical standpoint but in today’s blog I actually wanted to share the daily chart for the gold market. (see below)

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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 1269.33 2394.67 12138 778.13
Resistance Level 2 1259.17 2373.33 12037 765.67
Resistance Level 1 1243.83 2344.67 11898 741.63
Pivot Point 1233.67 2323.33 11797 729.17
Support Level 1 1218.33 2294.67 11658 705.13
Support Level 2 1208.17 2273.33 11557 692.67
Support Level 3 1192.83 2244.67 11418 668.63

Continue reading “Daily Chart Gold Market | Support and Resistance Levels”

Futures Trading Levels and Mental Tips for October 29th 2010

Posted on by Ilan

To be honest I don’t have any feel for the medium term outlook of stock indices.

I do like some of the intraday set ups we get in different markets such as Crude, Euro and the Mini SP.

We do have some reports tomorrow and it is the last trading day of the month so we should see some interesting price action.

As far as “mental tip”: keep reminding yourself that the hardest battle for a trader is waiting, patience and fighting ones own demons that normally appear when losing trades happen. Try to be among the tough ones who can control the negative emotions losing trades bring out and your trading will progress. Continue reading “Futures Trading Levels and Mental Tips for October 29th 2010”

Commodity Trading Levels for October 5th 2010

Posted on by Ilan

Not an easy market to read right now in my opinion.

It is showing signs like it would like to visit some lower levels, yet there is enough buying interest to keep it above 1127.

This Friday monthly unemployment levels will be watched closely.
If the market breaks below 1127, it has a chance of picking some more speed to the downside.
On the flip side, bulls will need to see new highs in order to get back in control of price action.
Daily chart with some price levels to watch for your review below:

Commodity Futures Trading Charts
Commodity Futures Trading Charts

Continue reading “Commodity Trading Levels for October 5th 2010”

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.