high volatility


VERY VOLATILE Trading Day in the Futures Markets & Support and Resistance Levels 12.02.2021

December 1st, 2021 Filed under Future Trading News, futures trading education | Comment (0)

Dear Futures Trader,

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If the first day of December is any indication of what’s to come….then watch out because it was a VERY VOLATILE day.

While risking sounding like a broken record,.. I must share the below once again – you need to adjust your thinking , action and discipline or risk blowing up your account if caught in any of the following:
Not being focused
not using stops
revenge trading
hoping
doubling down
etc.
  1. Learn to reduce trading size. Perhaps trade smaller contracts like the micros.
  2. Adjust stops and entries based on volatility ( ATR/ Parabolics).
  3. Be extra picky on entries without chasing trades.
  4. Understand that loses are part of trading and this is definitely not a good time to “fight the markets”.
  5. Focus more on risk management and ways to protect certain positions as needed. Survive to trade another day.
  6. Consider possibly utilizing short term options rather than futures.
Useful link, just in case – LIMIT PRICE MOVES

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

12-02-2021

Support and Resistance Levels 12.02.2021


Economic Reports, source: 

https://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.


Futures Trading Levels and Economic Reports for April 18,2013

April 17th, 2013 Filed under Future Trading News | Comments Off on Futures Trading Levels and Economic Reports for April 18,2013

 

Jump to a section in this post:

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Thursday April 18, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

The higher volatility in stock index futures continued today as well. If one looks at the ATR ( avg. True range) in the daily chart below, you can see how the daily ranges have expanded over the past few days.

PERSONALLY, I like it. I prefer day-trading futures when there is a bit more range and volatility but then again every trader is different and one must know what risks and opporunities different market enviroments present.

 

As far as market outlook, almost a flip of a coin at the time I am writing this but my speculation leans towards lower prices, especially if we can break 1534.

 

mini sp daily chart

 

 

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

Contract June 2013  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell Dollar Index
Resistance 3 1598.00 2893.17 14877 943.27 84.02
Resistance 2 1583.75 2861.83 14784 931.83 83.42
Resistance 1 1566.50 2820.92 14680 918.17 83.09
Pivot 1552.25 2789.58 14587 906.73 82.49
Support 1 1535.00 2748.67 14483 893.07 82.17
Support 2 1520.75 2717.33 14390 881.63 81.57
Support 3 1503.50 2676.42 14286 867.97 81.24
Contract June Gold May Silver May Crude Oil June Bonds  June Euro
Resistance 3 1421.3 2457.8 91.62 149 26/32 1.3360
Resistance 2 1408.3 2415.2 90.35 149  7/32 1.3282
Resistance 1 1391.1 2368.8 88.59 148 19/32 1.3161
Pivot 1378.1 2326.2 87.32 148 1.3083
Support 1 1360.9 2279.8 85.56 147 12/32 1.2962
Support 2 1347.9 2237.2 84.29 146 25/32 1.2884
Support 3 1330.7 2190.8 82.53 146  5/32 1.2763
Contract July Corn July Wheat July Beans July SoyMeal July bean Oil
Resistance 3 647.8 716.2 1408.00 408.80 50.78
Resistance 2 645.9 713.1 1398.00 405.10 50.22
Resistance 1 643.6 710.2 1389.00 402.20 49.83
Pivot 641.7 707.1 1379.00 398.50 49.27
Support 1 639.3 704.2 1370.0 395.6 48.9
Support 2 637.4 701.1 1360.00 391.90 48.32
Support 3 635.1 698.2 1351.00 389.00 47.93
For complete contract specifications for the futures markets listed above click here!

5. Economic Reports

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

All times are Eastern time Zone (EST)

Date 3:51pm Currency Impact Detail Actual Forecast Previous Graph
ThuApr 18 Tentative EUR Spanish 10-y Bond Auction 4.48|2.1
8:30am USD Unemployment Claims 349K 346K
10:00am USD Philly Fed Manufacturing Index 2.7 2.0
USD CB Leading Index m/m 0.1% 0.5%
10:30am USD Natural Gas Storage 35B -14B
Day 1 ALL G20 Meetings
12:00pm USD FOMC Member Raskin Speaks

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 herein 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 judgment in trading


Futures Trading Levels and Economic Reports for April 16,2013

April 15th, 2013 Filed under Future Trading News, Metal Futures | Comments Off on Futures Trading Levels and Economic Reports for April 16,2013

 

Jump to a section in this post:

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Tuesday April 16, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

Some extreme volatility in the markets to start the week. Historical price moves in gold and silver as well as big moves in crude oil as well as stock indices.

I have been mentioning over the past few weeks that the volatility cycle, which has been very low is due to move into higher volatility. It seems from the action in the markets that this may be the start.

My opinion is that if you are a day-trader you need to understand that we are starting a higher volatility period. I recommend adjusting accordingly and I think the wise thing to do is lower the number of contracts you buy/sell per trade and be aware of the higher time frames on the charts.

Be prepared for wider swings which may require wider stops and probably being a little more selective on entry points.

Weekly chart of the June SP500 mini below for your review. I think that 1543 and 1524 stick out as near term important levels.

 

 weekly mini sp 500 chart

 

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

Contract June 2013  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell Dollar Index
Resistance 3 1609.00 2896.17 14990 968.00 82.98
Resistance 2 1596.00 2873.58 14894 953.90 82.76
Resistance 1 1572.50 2834.92 14723 929.30 82.62
Pivot 1559.50 2812.33 14627 915.20 82.41
Support 1 1536.00 2773.67 14456 890.60 82.27
Support 2 1523.00 2751.08 14360 876.50 82.05
Support 3 1499.50 2712.42 14189 851.90 81.91
Contract June Gold May Silver May Crude Oil June Bonds  June Euro
Resistance 3 1599.4 2835.8 93.20 149 22/32 1.3172
Resistance 2 1547.2 2720.2 92.09 149 1.3143
Resistance 1 1452.9 2504.3 90.08 148 18/32 1.3093
Pivot 1400.7 2388.7 88.97 147 28/32 1.3064
Support 1 1306.4 2172.8 86.96 147 14/32 1.3014
Support 2 1254.2 2057.2 85.85 146 24/32 1.2985
Support 3 1159.9 1841.3 83.84 146 10/32 1.2935
Contract May Corn May Wheat May Beans May SoyMeal May bean Oil
Resistance 3 661.2 714.2 1433.00 409.13 50.11
Resistance 2 657.6 708.6 1425.00 405.57 49.71
Resistance 1 652.2 701.2 1410.00 399.43 48.94
Pivot 648.6 695.6 1402.00 395.87 48.54
Support 1 643.2 688.2 1387.0 389.7 47.8
Support 2 639.6 682.6 1379.00 386.17 47.37
Support 3 634.2 675.2 1364.00 380.03 46.60
For complete contract specifications for the futures markets listed above click here!

5. Economic Reports

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

All times are Eastern time Zone (EST)

Date 4:00pm Currency Impact Detail Actual Forecast Previous Graph
TueApr 16  4:00am EUR Italian Trade Balance -1.41B -1.62B
5:00am EUR German ZEW Economic Sentiment 41.5 48.5
EUR CPI y/y 1.7% 1.7%
EUR Core CPI y/y 1.4% 1.3%
EUR ZEW Economic Sentiment 31.5 33.4
8:00am USD FOMC Member Dudley Speaks
8:30am USD Building Permits 0.94M 0.94M
USD Core CPI m/m 0.2% 0.2%
USD CPI m/m 0.0% 0.7%
USD Housing Starts 0.93M 0.92M
9:00am EUR ECB President Draghi Speaks
9:15am USD Capacity Utilization Rate 78.4% 79.6%
USD Industrial Production m/m 0.3% 0.7%
10:00am USD Treasury Sec Lew Speaks
12:00pm USD FOMC Member Duke Speaks
3:00pm USD FOMC Member Yellen Speaks
USD Treasury Sec Lew Speaks

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 herein 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 judgment in trading

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