Crude Oil Margin Increase, Gold Chart, & Trading Levels 12.05.2018 - Support & Resistance Levels

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.

Crude Oil Margin Increase, Gold Chart, & Trading Levels 12.05.2018


Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  


Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!
In observance of the passing of President George H. W. Bush , please review the updated trading schedules below for tomorrow:
Interest Rates:
Tuesday 12/4/18: Regular Schedule
Wednesday 12/5/18: Closed
Thursday 12/6/18: Regular Schedule
Equity Index:
Tuesday 12/4/18: Regular Schedule
Wednesday 12/5/18: Early 8:30am (CST) Close
Thursday 12/6/18: Regular Schedule
Tuesday 12/4/18: Regular Schedule
Wednesday 12/5/18: Early 8:30am (CST) Close
Thursday 12/6/18: Regular Schedule
Link to CME Trading Schedule Click Here
Link to CBOE/CFE Trading Schedule Click Here
 Grains, metals, energies, softs, currencies, meats all have NORMAL TRADING HOURS. Only equities, bonds and VIX are affected!!
Cannon Trading in the news again!
Our senior broker, John Thorpe provides his insight into the energy markets ahead of OPEC meeting:
While we talking energies:
Another CL margin increase:
CL, $4015 –> $4692 (about 17% increase!)
Gold Daily chart below. Is the yellow metal finally waking up or is this just an end of the year bounce???
Would you like access to trading ALGOS that try to identify market turning points? click here

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



Economic Reports, source:

Date 4:53pm Currency Impact Detail Actual Forecast Previous Graph
WedDec 5  3:15am EUR
Spanish Services PMI
53.9 54.0
3:30am EUR
ECB President Draghi Speaks
3:45am EUR
Italian Services PMI
49.2 49.2
3:50am EUR
French Final Services PMI
55.0 55.0
3:55am EUR
German Final Services PMI
53.3 53.3
4:00am EUR
Final Services PMI
53.1 53.1
4:30am GBP
Services PMI
52.5 52.2
FPC Meeting Minutes
5:00am EUR
Retail Sales m/m
0.2% 0.0%
Tentative EUR
Spanish 10-y Bond Auction
2:00pm USD
Beige Book
8:15pm USD
FOMC Member Quarles 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 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.

Posted in: Future Trading News  

Trading Expertise As Featured In

Trading Tips You Can Use Right Away!

Watch 4 short videos on the topics of:
  • Using Bollinger Bands and Parabolics
  • Using range Bars for Day-Trading
  • The concept of Price Confirmation
  • How to Use Support & Resistance Levels
  • License 3 Broker at your Fingertips