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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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Free Trial to Trading Signals and Indicators

Cannon Trading is pleased to present a  3 weeks FREE trial to LEVEX family of indicators and ALGO:

To start the trial is very easy and once you are set you will see indicators such in the screen shot below ( taken from today’s action in the crude oil market) which produce possible buy and sell signals based on the two main ALGOS below:

Diamonds:

DIAMONDS is an algorithm that was created while designing different trading systems. It is a proprietary algorithm that tries to measure exhaustion in selling or buying and possible chance of short term reversal.

The ALGO calculates recent highs/lows, consecutive highs/lows, RSI, volatility and then the formula outputs; a number that either meet certain criteria or not.

RED diamonds suggest possible short term top. GREEN or BLUE diamonds suggest possible short term bottoms.

The term “suggested” is used because like any other indicator or trading strategy, the future for the next few minutes or sometimes seconds cannot be predicted.

ILM:
ILM produces arrows on the charts that signal potential change in direction and momentum since ILM is based on moving average and a volatility system.

Simply review the information,  fill out the form below to instantly download our trading platform, and then view the indicators on the charts

Start your FREE trial here or simply reply back to this email with the following:

  1. Are you a client of Cannon Trading?
  2. Are you currently trading futures?
  3. Charting software you use?
  4. If you use sierra or ATcharts, please let me know the user name so I can enable you
  5. Markets you currently trading?

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.

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Futures Trading Levels

Levels for Trade Date of 12.08.2016

Contract Dec. 2016 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2284.58 4969.25 19983 1390.80 100.96
Resistance 2 2262.92 4912.00 19770 1379.00 100.80
Resistance 1 2250.08 4878.00 19643 1370.50 100.51
Pivot 2228.42 4820.75 19430 1358.70 100.35
Support 1 2215.58 4786.75 19303 1350.20 100.06
Support 2 2193.92 4729.50 19090 1338.40 99.90
Support 3 2181.08 4695.50 18963 1329.90 99.61
Contract Feb. Gold March Silver Jan. Crude Oil Mar. Bonds Dec.   Euro
Resistance 3 1197.2 18.02 52.30 152 8/32 1.0846
Resistance 2 1189.8 17.66 51.75 151 27/32 1.0810
Resistance 1 1182.1 17.42 50.82 151 16/32 1.0788
Pivot 1174.7 17.06 50.27 151 3/32 1.0751
Support 1 1167.0 16.83 49.34 150 24/32 1.0729
Support 2 1159.6 16.47 48.79 150 11/32 1.0693
Support 3 1151.9 16.23 47.86 150 1.0671
Contract March Corn March Wheat Jan. Beans March SoyMeal Jan. Nat Gas
Resistance 3 363.6 411.3 1068.00 329.50 3.88
Resistance 2 361.7 408.7 1060.50 326.30 3.81
Resistance 1 359.8 404.8 1054.75 323.40 3.69
Pivot 357.9 402.2 1047.25 320.20 3.63
Support 1 356.1 398.3 1041.5 317.3 3.5
Support 2 354.2 395.7 1034.00 314.10 3.44
Support 3 352.3 391.8 1028.25 311.20 3.31

All times are Eastern time Zone (EST)

source:http://www.forexfactory.com/calendar.php

Date 3:34pm Currency Impact Detail Actual Forecast Previous Graph
ThuDec 8 1:30am EUR
French Final Non-Farm Payrolls q/q
0.3% 0.3%
All Day EUR
Italian Bank Holiday
7:45am EUR
Minimum Bid Rate
0.00% 0.00%
8:30am EUR
ECB Press Conference
USD
Unemployment Claims
272K 268K
10:30am USD
Natural Gas Storage
-50B

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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