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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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Dear Traders,

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This week should be full of action!
OPEC meeting, Fed. officials speaking, important economic data as well as earning season in full affect.
It will be interesting to see market action across the board. Both Bitcoin and Gold enjoyed a nice up swing these past few days and bonds continue to price in lower rates/safe heaven factor.
As you are trading, perhaps short trading, pay attention to the current correlation of the market you are trading with other markets, as these other markets can at times provide an earlier clues for the direction of the market you are trading. Example may be crude oil and stock indices. There was a good period of time last year, where crude almost acted as a leading indicator to stock indices in a direct correlation.
Another example, may be the price of US $ index and gold futures. usually, reverse correlation, at times stronger correlation, at times less.
We have gathered a few articles on topics such as above and others and put it together into an eBook.

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



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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.

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