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Support & Resistance Levels

This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.


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Dear Traders,

A Quick Review of Valuable  Reports Made Available by the C.F.T.C. for All Traders

By John Thorpe, Cannon Trading Senior Broker

A data source that escapes many futures traders and should be reviewed if you are a serious position trader are the reports compiled on a weekly basis by our chief regulator, The Commodity Futures Trading Commission CFTC. These reports offer insight into market imbalances, liquidity, and large bank, both domestic and international, participation. I encourage all traders, even day traders, to familiarize yourself with these reports as they provide a salient view of market structure given a particular futures contract as the structure changes over time.

There is:

1.) BPR’s “Bank Participation Rate” reports which, by open interest you can view market imbalances. Bank Participation Rate Webpage

Another report compiled by the CFTC is the:

2.) Net position changes. The Large Trader Net Position Changes and the Trading Account Net Position Changes data provides the public with a view of the amount of trading that results in net changes to positions at the trader level and at the account level. Net Position Changes Webpage


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 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2741.08 6956.58 25024 1608.53 8507.56
Resistance 2 2727.17 6911.42 24903 1599.77 8397.96
Resistance 1 2709.33 6845.58 24757 1587.73 8323.35
Pivot 2695.42 6800.42 24636 1578.97 8213.75
Support 1 2677.58 6734.58 24490 1566.93 8139.14
Support 2 2663.67 6689.42 24369 1558.17 8029.54
Support 3 2645.83 6623.58 24223 1546.13 7954.93
Contract June Gold #GC_F May Silver #SI-F June Crude Oil #CL-F June  Bonds  #ZB_F June  Euro #6E_F
Resistance 3 1371.2 17.65 70.74 146  8/32 1.2515
Resistance 2 1364.4 17.51 70.14 145 19/32 1.2484
Resistance 1 1356.7 17.38 69.19 144 22/32 1.2442
Pivot 1349.9 17.24 68.59 144  1/32 1.2411
Support 1 1342.2 17.11 67.64 143  4/32 1.2369
Support 2 1335.4 16.97 67.04 142 15/32 1.2338
Support 3 1327.7 16.84 66.09 141 18/32 1.2296
Contract July  Corn #ZC_F July Wheat #ZW_F July Beans #ZS_F July SoyMeal #ZM_F May Nat Gas #NG_F
Resistance 3 385.8 487.6 1061.58 381.63 2.82
Resistance 2 384.5 483.4 1057.17 379.77 2.79
Resistance 1 383.3 480.1 1053.08 376.53 2.73
Pivot 382.0 475.9 1048.67 374.67 2.69
Support 1 380.8 472.6 1044.6 371.4 2.6
Support 2 379.5 468.4 1040.17 369.57 2.60
Support 3 378.3 465.1 1036.08 366.33 2.54

Economic Reports, source: 


Economic Reports - April 20th

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 here in 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 judgement in trading.

Tags: > > Posted in: Future Trading News  
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