The Futures Trader's Destination for Over 25 Years

Open an Account
Call Us Free: 1-800-454-9572
Why Trade with Cannon?
  • USA
  • Canada
  • Mexico
  • United Kingdom
  • France
  • Italy
  • Spain
  • Germany
  • Australia
  • Netherlands
  • Romania
  • Belgium
  • Sweden
  • Czech Republic
  • Hungary
  • Switzerland
  • Austria
  • Portugal
  • Denmark
  • Greece
  • UAE
  • Israel
  • Jordan
  • Saudi Arabia
  • India
  • Argentina
  • Costa Rica
  • Peru
  • Chile
  • Brazil
  • China
  • Hong Kong
  • Japan
  • Russia
  • Thailand
  • South Korea
  • Taiwan
  • Philippines
  • Singapore
  • And Many More!
Countries We Accept Clients From | International Calls: 310-859-9572

Futures Market Trading Tip from Senior Broker Joe Easton 12.17.2015

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

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 December 17, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Voted #1 futures trading blog!

Here is some futures market insight from our Senior Broker, Joe Easton:

When Trading Markets around reports, having stop and limit orders in advance can be imperative due to the speed of the move can be faster than your finger can click.

Additionally, it is more important to have a plan in advance and levels to use while managing your trade.  By turning off the 24 hour function on the chart and showing only RTH (regular trading hours)  You can see how the spike low of 2031 was the same exact price as yesterday’s opening print.  This small tip can help weed out the Globex noise.

Many ways to trade any market, many ways to lose money in any market and only very few ways to lock in gainsIf you need help creating a trading plan, visit our broker assist services.

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.

If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

Futures Trading Levels

Contract March 2016 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2116.25 4788.92 18077 1169.07 99.88
Resistance 2 2092.50 4729.33 17891 1157.63 99.26
Resistance 1 2078.50 4694.17 17777 1150.37 98.86
Pivot 2054.75 4634.58 17591 1138.93 98.24
Support 1 2040.75 4599.42 17477 1131.67 97.84
Support 2 2017.00 4539.83 17291 1120.23 97.22
Support 3 2003.00 4504.67 17177 1112.97 96.82
Contract Feb. Gold March Silver Jan. Crude Oil Mar. Bonds March   Euro
Resistance 3 1098.3 14.98 38.96 157 2/32 1.1135
Resistance 2 1088.1 14.64 38.16 156 7/32 1.1087
Resistance 1 1080.6 14.41 36.90 155 9/32 1.1010
Pivot 1070.4 14.08 36.10 154 14/32 1.0962
Support 1 1062.9 13.85 34.84 153 16/32 1.0885
Support 2 1052.7 13.51 34.04 152 21/32 1.0837
Support 3 1045.2 13.28 32.78 151 23/32 1.0760
Contract Mar. Corn Mar. Wheat Jan Beans Jan. SoyMeal Jan. Nat Gas
Resistance 3 383.4 506.0 883.67 277.73 1.93
Resistance 2 380.6 501.5 876.83 275.37 1.89
Resistance 1 375.2 492.5 869.67 272.63 1.86
Pivot 372.3 488.0 862.83 270.27 1.82
Support 1 366.9 479.0 855.7 267.5 1.8
Support 2 364.1 474.5 848.83 265.17 1.74
Support 3 358.7 465.5 841.67 262.43 1.71
Economic Reports

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

All times are Eastern time Zone (EST)

Date 4:01pm Currency Impact Detail Actual Forecast Previous Graph
ThuDec 17  4:00am EUR German Ifo Business Climate 109.2 109.0
EUR ECB Economic Bulletin
EUR Italian Trade Balance 2.87B 2.19B
8:30am USD Philly Fed Manufacturing Index 2.1 1.9
USD Unemployment Claims 271K 282K
USD Current Account -123B -110B
10:00am USD CB Leading Index m/m 0.2% 0.6%
10:30am USD Natural Gas Storage -58B -76B

 

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 judgment in trading.

 

Tags: > > > > > Posted in: Future Trading News   | Futures Trading  

Comments are closed.

Download Cannon’s new eBook, “Futures Forthright” instantly.


Quick Tip: After registering you will be emailed login information, so be sure to use an email address you have access to. If you need assistance please call us at 1-800-454-9572, a professional broker will help you through the registration process.
________
Doing Business With
See more...
Loading
Loading

Loading