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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.

Futures Trading Levels and Economic Reports for April 16,2013

Posted on by Ilan

 

Jump to a section in this post:

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Tuesday April 16, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

Some extreme volatility in the markets to start the week. Historical price moves in gold and silver as well as big moves in crude oil as well as stock indices.

I have been mentioning over the past few weeks that the volatility cycle, which has been very low is due to move into higher volatility. It seems from the action in the markets that this may be the start.

My opinion is that if you are a day-trader you need to understand that we are starting a higher volatility period. I recommend adjusting accordingly and I think the wise thing to do is lower the number of contracts you buy/sell per trade and be aware of the higher time frames on the charts.

Be prepared for wider swings which may require wider stops and probably being a little more selective on entry points.

Weekly chart of the June SP500 mini below for your review. I think that 1543 and 1524 stick out as near term important levels.

 

 weekly mini sp 500 chart

 

GOOD TRADING

 

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.

 

Futures Trading Levels

Contract June 2013  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell Dollar Index
Resistance 3 1609.00 2896.17 14990 968.00 82.98
Resistance 2 1596.00 2873.58 14894 953.90 82.76
Resistance 1 1572.50 2834.92 14723 929.30 82.62
Pivot 1559.50 2812.33 14627 915.20 82.41
Support 1 1536.00 2773.67 14456 890.60 82.27
Support 2 1523.00 2751.08 14360 876.50 82.05
Support 3 1499.50 2712.42 14189 851.90 81.91
Contract June Gold May Silver May Crude Oil June Bonds  June Euro
Resistance 3 1599.4 2835.8 93.20 149 22/32 1.3172
Resistance 2 1547.2 2720.2 92.09 149 1.3143
Resistance 1 1452.9 2504.3 90.08 148 18/32 1.3093
Pivot 1400.7 2388.7 88.97 147 28/32 1.3064
Support 1 1306.4 2172.8 86.96 147 14/32 1.3014
Support 2 1254.2 2057.2 85.85 146 24/32 1.2985
Support 3 1159.9 1841.3 83.84 146 10/32 1.2935
Contract May Corn May Wheat May Beans May SoyMeal May bean Oil
Resistance 3 661.2 714.2 1433.00 409.13 50.11
Resistance 2 657.6 708.6 1425.00 405.57 49.71
Resistance 1 652.2 701.2 1410.00 399.43 48.94
Pivot 648.6 695.6 1402.00 395.87 48.54
Support 1 643.2 688.2 1387.0 389.7 47.8
Support 2 639.6 682.6 1379.00 386.17 47.37
Support 3 634.2 675.2 1364.00 380.03 46.60
For complete contract specifications for the futures markets listed above click here!

5. Economic Reports

source:http://www.forexfactory.com/calendar.php

All times are Eastern time Zone (EST)

Date 4:00pm Currency Impact Detail Actual Forecast Previous Graph
TueApr 16  4:00am EUR Italian Trade Balance -1.41B -1.62B
5:00am EUR German ZEW Economic Sentiment 41.5 48.5
EUR CPI y/y 1.7% 1.7%
EUR Core CPI y/y 1.4% 1.3%
EUR ZEW Economic Sentiment 31.5 33.4
8:00am USD FOMC Member Dudley Speaks
8:30am USD Building Permits 0.94M 0.94M
USD Core CPI m/m 0.2% 0.2%
USD CPI m/m 0.0% 0.7%
USD Housing Starts 0.93M 0.92M
9:00am EUR ECB President Draghi Speaks
9:15am USD Capacity Utilization Rate 78.4% 79.6%
USD Industrial Production m/m 0.3% 0.7%
10:00am USD Treasury Sec Lew Speaks
12:00pm USD FOMC Member Duke Speaks
3:00pm USD FOMC Member Yellen Speaks
USD Treasury Sec Lew Speaks

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

Futures Trading Levels and Economic Reports for April 12, 2013

Posted on by Ilan

 

Jump to a section in this post:

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Friday April 12, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

 

Not much to write today but two excellent articles about trading which you can read at:

https://www.cannontrading.com/community/man-vs-markets-futures-trading-blog

Trading Levels and Reports for May 24th – Gold Futures Leading General Market Direction

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, Dollar Index
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 24, 2012

Hello Traders,

I think the leader of the markets these past few trading sessions, have been gold – an example is from today’s trading session when SP lows followed Gold lows by minutes…. Below you will see an hourly chart of the gold market with potential, very short term targets on both a continued bounce as well as in case the longer term down trend resumes.

Personally, I think gold will be trading between 1523 to 1625 for a while , which by itself is a very wide range if I am right and I have been wrong many times before.

When you feel the “heat of the markets” is affecting you and you are in a position, take a step back and ask yourself, “what would I do if I was not in a position currently…”? the answer should help you manage your current position while in a trade.

 

Hourly chart of Gold Futures below for your review:

gce hourly

Continue reading “Trading Levels and Reports for May 24th – Gold Futures Leading General Market Direction”

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

divider black 190

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!

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

 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

divider black 190

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

divider black 190

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

divider black 190

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)

divider black 190

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”

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.