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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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Big day tomorrow!! we have FOMC rate decision, we have crude oil numbers and more in between….
Be ready!
CoronaVirus down, oversold up….what a difference a day makes.
One note/ hint is to watch the price action on US bonds, gold and dollar index. it may provide you with hints in regards to the money flowing from one asset class to another.
When we sold off Sunday night and Monday, gold and bonds were up sharply to signal the money flow. the opposite happened today.
Mini SP 500 daily chart for your visual pleasure below….Notice the gap.

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 when it comes to Futures Trading.

 

Futures Trading Levels

01-29-2020

Options on Futures

Futures Trading


Economic Reports, source: 

Options on Futures

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc, A Options on Futures Company. 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
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