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Heads up: Front month for energies is now April. Both crude oil and Natural gas numbers are out tomorrow. Check reports section below.
Here is a screen shot from our trading platform, E-Futures Int’l along with enabled studies/ALGO I have created, which you can try on your own. it comes with a 15 minute remote session, 25 minute video and a 23 page PDF that explains the concept.
The screen shots are for Gold and Natural gas from yesterday’s session.
Red diamond = possible sell. Green diamond = possible buy.
Along with a few simple rules, one can use this another tool for day trading.
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.
ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NO INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS
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.
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Levels for Trade Date of 02.24.2017
| Contract March 2017 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2383.50 | 5409.25 | 20922 | 1430.73 | 101.89 |
| Resistance 2 | 2375.50 | 5385.25 | 20869 | 1419.17 | 101.66 |
| Resistance 1 | 2369.00 | 5358.75 | 20829 | 1406.93 | 101.31 |
| Pivot | 2361.00 | 5334.75 | 20776 | 1395.37 | 101.08 |
| Support 1 | 2354.50 | 5308.25 | 20736 | 1383.13 | 100.73 |
| Support 2 | 2346.50 | 5284.25 | 20683 | 1371.57 | 100.50 |
| Support 3 | 2340.00 | 5257.75 | 20643 | 1359.33 | 100.15 |
| Contract | Apr. Gold | March Silver | April Crude Oil | Mar. Bonds | March Euro |
| Resistance 3 | 1271.7 | 18.56 | 55.98 | 152 15/32 | 1.0672 |
| Resistance 2 | 1262.0 | 18.39 | 55.46 | 152 8/32 | 1.0637 |
| Resistance 1 | 1255.9 | 18.28 | 54.91 | 152 3/32 | 1.0614 |
| Pivot | 1246.2 | 18.10 | 54.39 | 151 28/32 | 1.0579 |
| Support 1 | 1240.1 | 17.99 | 53.84 | 151 23/32 | 1.0555 |
| Support 2 | 1230.4 | 17.82 | 53.32 | 151 16/32 | 1.0520 |
| Support 3 | 1224.3 | 17.71 | 52.77 | 151 11/32 | 1.0497 |
| Contract | March Corn | March Wheat | Mar. Beans | March SoyMeal | April Nat Gas |
| Resistance 3 | 376.3 | 464.7 | 1024.75 | 346.17 | 2.93 |
| Resistance 2 | 374.0 | 461.8 | 1021.50 | 343.73 | 2.87 |
| Resistance 1 | 369.8 | 457.7 | 1016.50 | 339.47 | 2.81 |
| Pivot | 367.5 | 454.8 | 1013.25 | 337.03 | 2.75 |
| Support 1 | 363.3 | 450.7 | 1008.3 | 332.8 | 2.7 |
| Support 2 | 361.0 | 447.8 | 1005.00 | 330.33 | 2.63 |
| Support 3 | 356.8 | 443.7 | 1000.00 | 326.07 | 2.57 |
All times are Eastern time Zone (EST)
source:http://www.forexfactory.com/calendar.php
| Date | 2:56pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| FriFeb 24 | 4:30am | GBP |
BBA Mortgage Approvals
|
41.9K | 43.2K | ||||
| 10:00am | USD |
New Home Sales
|
575K | 536K | |||||
| USD |
Revised UoM Consumer Sentiment
|
96.1 | 95.7 | ||||||
| USD |
Revised UoM Inflation Expectations
|
2.8% |
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.