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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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Tomorrow is going to be one of the busiest days we have seen in months on the reports front.
Plenty of economic reports and numbers in the US and in Europe.
We have the monthly unemployment.
We have both crude oil and natural gas numbers that been pushed due to New year’s.
We have PMI.
We have Fed governors speaking…..
Scroll down to the report section of this email to make sure you are aware of all the numbers coming out and which ones may affect the markets you trade.
It should be an interesting day to say the least…..
In between, weekly chart of the SP 500 below for your review. The way I see it, the market is once again at a junction. Either we hold support at 2378 and have a short covering rally OR we break it and start making our ways towards new lows…..
Risk and Opportunities of Futures and Options Trading
This 93 page booklet includes a variety of topics related to trading futures, options, hedging, regulation, spreads, strategies, the exchanges. and much 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

01-04-2019

 


Economic Reports, source: 

BetterTrader.co

 

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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