Day Trading Video, Trading Levels for 8.23.2018 - 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.

Day Trading Video, Trading Levels for 8.23.2018

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I have been asked before many times on how I like to day trade. While I definitely DON’T have a crystal ball, one method I like to use is looking for overbought and oversold conditions and try to play the counter trend set up.
Trading 101: Using overbought/oversold indicators to day trade crude oil ( video)

I recorded this video a few years ago, using one of our trading platforms, our charts and a few indicators/ALGOS I use.
After you watch the video, feel free to sign up for a free trial of the indicators/algos I use in the video  ( The ALGO is available for a trial using either sierra charts or e-futures Int’l ( OEC trader).
In the next few weeks I will share more on using breakoutstrend following and looking for pullbacks to get in with the trend and more.

 

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

08-23-2018

 

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2893.42 7562.75 25977 1747.53 7233.50
Resistance 2 2880.83 7503.75 25907 1736.67 7056.36
Resistance 1 2871.42 7470.00 25818 1730.13 6743.41
Pivot 2858.83 7411.00 25748 1719.27 6566.27
Support 1 2849.42 7377.25 25659 1712.73 6253.32
Support 2 2836.83 7318.25 25589 1701.87 6076.18
Support 3 2827.42 7284.50 25500 1695.33 5763.23
Contract December Gold #GC_F Sept. Silver #SI-F Oct. Crude Oil #CL-F Sept.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1217.3 15.06 70.77 146  9/32 1.1724
Resistance 2 1212.8 14.97 69.43 146 1.1684
Resistance 1 1208.1 14.86 68.67 145 25/32 1.1654
Pivot 1203.6 14.76 67.33 145 16/32 1.1614
Support 1 1198.9 14.65 66.57 145  9/32 1.1583
Support 2 1194.4 14.56 65.23 145 1.1543
Support 3 1189.7 14.45 64.47 144 25/32 1.1513
Contract Dec.  Corn #ZC_F Sept. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Sept. Nat Gas #NG_F
Resistance 3 375.0 564.3 885.83 330.90 3.03
Resistance 2 373.3 558.4 882.42 329.20 3.01
Resistance 1 370.0 551.8 876.33 326.20 2.99
Pivot 368.3 545.9 872.92 324.50 2.97
Support 1 365.0 539.3 866.8 321.5 2.9
Support 2 363.3 533.4 863.42 319.80 2.93
Support 3 360.0 526.8 857.33 316.80 2.91

Economic Reports, source: 

https://app.bettertrader.com

 

 

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  

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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
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