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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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A Few Different Ways to Enter a Trade

By Ilan Levy-Mayer, VP and Broker

Today I decided to touch more on an educational feature rather than provide a certain market outlook.

Many of my clients and blog readers know that when it comes to short term trading I am a fan of adjusting your trading technique/ game plan according to your assessment of the type of trading day that is developing in front of you.

There are so many different aspects to trading. From financial, fundamental, and emotional aspects of when to enter a trade, when to exit a trade and SO MUCH more in between…..

An important part of trading is trade entry. Assuming a trader knows why he/she is about to enter a trade the next step sounds simple right? simply buy or sell the contract you wish to trade….

 

 

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

08-15-2018

 

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2864.17 7548.50 25484 1722.20 6662.20
Resistance 2 2853.83 7506.75 25409 1710.00 6474.40
Resistance 1 2846.42 7480.50 25342 1702.30 6272.06
Pivot 2836.08 7438.75 25267 1690.10 6084.26
Support 1 2828.67 7412.50 25200 1682.40 5881.92
Support 2 2818.33 7370.75 25125 1670.20 5694.12
Support 3 2810.92 7344.50 25058 1662.50 5491.78
Contract December Gold #GC_F Sept. Silver #SI-F Sept. Crude Oil #CL-F Sept.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1212.1 15.25 69.79 144 23/32 1.1534
Resistance 2 1208.9 15.18 69.08 144 18/32 1.1496
Resistance 1 1205.2 15.12 68.15 144 10/32 1.1434
Pivot 1202.0 15.05 67.44 144  5/32 1.1396
Support 1 1198.3 14.99 66.51 143 29/32 1.1334
Support 2 1195.1 14.92 65.80 143 24/32 1.1296
Support 3 1191.4 14.86 64.87 143 16/32 1.1234
Contract Dec.  Corn #ZC_F Sept. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Sept. Nat Gas #NG_F
Resistance 3 385.8 554.8 898.42 353.37 3.03
Resistance 2 381.5 548.4 889.58 346.13 3.00
Resistance 1 379.0 545.1 884.67 341.97 2.98
Pivot 374.8 538.7 875.83 334.73 2.95
Support 1 372.3 535.3 870.9 330.6 2.9
Support 2 368.0 528.9 862.08 323.33 2.90
Support 3 365.5 525.6 857.17 319.17 2.87

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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  • 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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