Support & Resistance Levels


30 Year Treasury Notes (ZB) 120min Chart & Futures Levels 12.03.2020

December 2nd, 2020 Filed under Future Trading News, Futures Broker | Comment (0)

_________________________________________________

Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

_________________________________________________

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!
Each market has a different personality, different behavior along with different times of the day when it is most active. If you are finding that the ES (mini SP) is not giving you enough risk/opportunities then start monitoring a couple of other markets and perhaps explore them in demo / simulated mode.
I think that there are more than a few markets that are suitable for day-trading. Below you will find some observations, tips along with what are unique about these markets, personality and most active trading hours (interest rates, mostly the ten year and 30 year).
In most platforms, the symbols are ZB for 30 year bonds and ZN for 10 year notes.
Product Symbol
ZB
Contract Size
The unit of trading shall be U.S. Treasury Bonds having a face value at maturity of one hundred thousand dollars ($100,000) or multiples thereof
Price Quotation
Points ($1,000) and 1/32 of a point. For example, 134-16 represents 134 16/32. Par is on the basis of 100 points.
Product Symbol
ZN
Underlying Unit
One U.S. Treasury note having a face value at maturity of $100,000.
Deliverable Grades
U.S. Treasury notes with a remaining term to maturity of at least six and a half years, but not more than 10 years, from the first day of the delivery month. The invoice price equals the futures settlement price times a conversion factor, plus accrued interest. The conversion factor is the price of the delivered note ($1 par value) to yield 6 percent.
Price Quote
Points ($1,000) and halves of 1/32 of a point. For example, 126-16 represents 126 16/32 and 126-165 represents 126 16.5/32. Par is on the basis of 100 points.
Tick Size
(minimum fluctuation)
One-half of one thirty-second (1/32) of one point ($15.625, rounded up to the nearest cent per contract), except for intermonth spreads, where the minimum price fluctuation shall be one-quarter of one thirty-second of one point ($7.8125 per contract).
Contract Months
The first five consecutive contracts in the March, June, September, and December quarterly cycle.
These contracts are often affected by many of the economic reports that come out at 8:30 AM Eastern and there is very active volume between the hours of 8 AM EST and 3 PM EST
Volume on both contracts is very good. Ten years will often have 1 million contracts traded per day (might be the second most active US futures market after the mini SP 500) and the bonds will avg. around 300,000 contracts.
These markets can experience very volatile movements during and right after different reports but then will often trade smooth or in an intraday trend the rest of the day.
Spread traders may find some interesting strategies trading the ZB/ZN spread or what I refer to as the 30/10 and some call NOB spread ( notes over bonds).
120 minute chart of the ZB or 30 yr bonds for observation below.

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

12-03-2020

Economic Reports, source: 

 www.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.


Support & Resistance Levels 5.3.018

May 2nd, 2018 Filed under Future Trading News | Comment (0)

____________________________________________________________________

Voted #1 Blog and #1 Brokerage Services on  TraderPlanet   for 2016!!

____________________________________________________________________

Dear Traders,
There will be no market commentary today. Read full article to see trading levels and economic reports for Thursday, May 3rd 2018.

Read the rest of this entry »


Mini NASDAQ Chart 7.25.2017

July 24th, 2017 Filed under Future Trading News | Comment (0)

____________________________________________________________

Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!! 

_____________________________________________________________

Earning season is in full affect. Most earnings report after close usually.

In between NASDAQ made a new high, again….and stock index futures are some what back to lower volatility, summer type of trading.

On the other hand Crude Oil, gold, grains and few other markets are experiencing good ranges and above average volatility.

My opinion is that if you are a day trader primarily, you need to follow minimum of 2 markets, I like following 3 markets.

Certain days, different markets will offer different opportunities as well as risks. Some days one of the markets might be “dead” while others are moving and according to your preferred style and market environment you like, you can focus on those markets.

Read the rest of this entry »


Unleaded Gasoline Chart for Review 7.14.2017

July 13th, 2017 Filed under Future Trading News | Comment (0)

____________________________________________________________

Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!! 

_____________________________________________________________

The following information published by the CME is quite interesting and may offer some longer term insight for those who are not too lazy to explore…..

https://www.cmegroup.com/education/monthly-options-review/june-options-review.html

On a different note:

Unleaded Gasoline is at decision point between the longer term downtrend and the shorter term bounce. Daily chart for your review below:

Read the rest of this entry »


Trading Video: Using Overbought Oversold Indicators 7.13.2017

July 12th, 2017 Filed under Future Trading News | Comment (0)

____________________________________________________________

Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!! 

_____________________________________________________________

Trading 101: Using overbought/oversold indicators to day trade crude oil ( video)

I recorded this video a couple years ago, using one of our trading platforms, our charts and a few indicators/ALGOS I use.

Read the rest of this entry »

________
Doing Business With
See more...
Loading
Loading

Loading