The Difference Between Commodities And Equities Trading 5.2.018

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Dear Traders,

The Difference Between Commodities And Equities Trading

A Commodity: What is a legal contractual agreement to make or take delivery of a particular product?
An Equity or Common Stock: What is a legal contractual ownership in a company?
Similarities.
  • Both have regulated markets
  • Both can utilize the same/identical indicators, charting conventions to identify, trends and trade set-ups.
  • Order mechanics: Market, Stops, Stop limits, OCO’s, OSO’s GTC’s
  • Fees: Less than $7.00 per order/contract

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

5-2-2018

Contract June 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2692.92 6834.42 24675 1586.73 9622.24
Resistance 2 2673.33 6761.58 24431 1570.07 9434.12
Resistance 1 2662.42 6724.42 24240 1560.53 9205.96
Pivot 2642.83 6651.58 23996 1543.87 9017.84
Support 1 2631.92 6614.42 23805 1534.33 8789.68
Support 2 2612.33 6541.58 23561 1517.67 8601.56
Support 3 2601.42 6504.42 23370 1508.13 8373.40
Contract June Gold #GC_F May Silver #SI-F June Crude Oil #CL-F June  Bonds  #ZB_F June  Euro #6E_F
Resistance 3 1329.7 16.65 70.65 144  6/32 1.2203
Resistance 2 1323.5 16.51 69.78 143 29/32 1.2164
Resistance 1 1314.6 16.35 68.60 143 17/32 1.2099
Pivot 1308.4 16.21 67.73 143  8/32 1.2061
Support 1 1299.5 16.05 66.55 142 28/32 1.1996
Support 2 1293.3 15.91 65.68 142 19/32 1.1957
Support 3 1284.4 15.75 64.50 142  7/32 1.1892
Contract July  Corn #ZC_F July Wheat #ZW_F July Beans #ZS_F July SoyMeal #ZM_F May Nat Gas #NG_F
Resistance 3 411.5 557.5 1070.33 424.43 2.89
Resistance 2 408.8 543.8 1062.92 415.27 2.85
Resistance 1 407.3 536.5 1058.08 409.83 2.83
Pivot 404.5 522.8 1050.67 400.67 2.79
Support 1 403.0 515.5 1045.8 395.2 2.8
Support 2 400.3 501.8 1038.42 386.07 2.73
Support 3 398.8 494.5 1033.58 380.63 2.71

Economic Reports

 Source: http://forexfactory.com

Date 3:54pm Currency Impact Detail Actual Forecast Previous Graph
WedMay 2 3:15am EUR
Spanish Manufacturing PMI
54.2 54.8
3:45am EUR
Italian Manufacturing PMI
54.4 55.1
3:50am EUR
French Final Manufacturing PMI
53.4 53.4
3:55am EUR
German Final Manufacturing PMI
58.1 58.1
4:00am EUR
Final Manufacturing PMI
56.0 56.0
EUR
Italian Monthly Unemployment Rate
10.9% 10.9%
4:30am GBP
Construction PMI
50.5 47.0
5:00am EUR
Prelim Flash GDP q/q
0.4% 0.6%
EUR
Italian Prelim GDP q/q
0.3% 0.3%
EUR
Unemployment Rate
8.5% 8.5%
8:15am USD
ADP Non-Farm Employment Change
200K 241K
10:30am USD
Crude Oil Inventories
1.0M 2.2M
11:30am EUR
German Buba President Weidmann Speaks
2:00pm USD
FOMC Statement
USD
Federal Funds Rate
<1.75% <1.75%

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: Commodity Trading   | Future Trading News  

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