Commodity Trading Daily Levels


Futures & Commodity Trading Levels and Charts for October 15th 2010

October 14th, 2010 Filed under Commodity Trading, Future Trading News, Futures Trading | Comment (0)

Screen shot from today’s session during our “live charts” service where one can see realtime trade set ups below.

For a free trial please visit:

https://www.cannontrading.com/tools/intraday-futures-trading-signals

SP 500 Day Trading

SP 500 Day Trading

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Futures Trading Levels & Economic Reports for October 14th 2010

October 13th, 2010 Filed under Commodity Trading, Future Trading News, Futures Trading | Comment (0)

The FED keeps pumping money through its “Quantitative Easing” and the market continues to bounce higher.

Not sure how long this “game” will continue but a technical overview of the mini Russell (which I feel is the leader amongst indicies) is below for your information.

SP 500 Day Trading

SP 500 Day Trading

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Commodities and Futures Trading Levels, September 16th 2010

September 15th, 2010 Filed under Commodity Brokers, Commodity Trading, Futures Trading | Comment (0)

Well by now this is the 3rd or 4th time we are knocking on 1122.75…..that means one out of two (in my opinion): Tomorrow morning reports help this market break this level and start another leg up towards 1157.00

OR…..

Market fails one more time against this level, fills the gap below ( 1105.75) before giving us some additional clues.

I would love to have the “correct answer” to give you but only time and price action will tell….

SP 500 Day Trading

SP 500 Day Trading

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Futures Market & Commodity Trading Daily Levels August 6th 2010

August 5th, 2010 Filed under Commodity Trading, Futures Trading, Index Futures | Comment (0)

“The Futures Market is possibly over bought”

Monthly unemployment numbers tomorrow before the cash open will provide the futures market with some direction and may get us out of this ‘summer low volume’ type of trading.

Plan your trade, trade your plan. Stay focused and ONLY try to day-trade when you are focused. Remember to stay disciplined and know that no one trade or trading day will determine your trading fate. Even when day-trading (which is a short term action), the end results is of long term progress effort and the sum of many trades.

On a different note, below is a daily chart of the Mini Dow Jones. I got a red diamond ahead of tomorrows session. For me, that means that ‘the futures market is possibly over bought ‘. The way I like to play this set up is that if we break below 10550, we have a chance for a stronger move down. On the other hand, if we can keep above it, we may see 10720 soon.

YM - E-Mini Dow Futures - $5 Multiplier, Equalized Active Daily Continuation

YM – E-Mini Dow Futures – $5 Multiplier, Equalized Active Daily Continuation

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Mini Dow Jones Futures Contract and Resistance Levels August 4th 2010

August 3rd, 2010 Filed under Commodity Trading, Future Trading News, Futures Trading, Index Futures | Comment (0)

“The Current Uptrend is Strong”

Daily chart of Mini Dow Jones futures contract for your review below with possible Elliot Wave scenarios. The 82 reading suggest the current uptrend is strong. If the 3rd wave we are in will continue than next target will be 10723. If the market pulls back first to possible 4th wave, support is at 10490. Of course, when its all said and done what matters most is price action and not what we want or hope the market will do.

YM - E-Mini Dow Futures - $5 Multiplier, Equalized Active Daily Continuation

YM – E-Mini Dow Futures – $5 Multiplier, Equalized Active Daily Continuation

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