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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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Dear Traders,

Read our guide which outlines some important futures day trading concepts. It may be beneficial to read this guide before trading commodities on the futures market.

My name is Ilan Levy-Mayer and I am the Vice President and Senior Futures Broker at Cannon Trading.  

I came up with the following personal observations after serving online traders worldwide for more than 20 years.

The following steps are guides to progress, and are not necessarily in sequential order. Some of them are always required, but each futures trader is different and will relate to these stages in their own ways. While attempting to learn and progress, one must keep in mind that futures trading is risky and can involve significant losses.

  1. Education

Hopefully if you are already trading you have completed your initial education: contract specs, trading hours, futures brokers, platforms, the opportunities as well as the risk and need to use risk capital in futures, and so on. Understanding this information is essential to futures commodities trading. The second type of education is ongoing: learning about trading techniques, the evolution of futures markets, different trading tools, and more.

Read More

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

4-11-2018

Contract June 2018  SP500  Nasdaq100 Dow Jones  Mini Russell BitCoin Index
Resistance 3 2730.08 6873.92 25113 1593.80 7130.16
Resistance 2 2698.17 6762.83 24798 1572.50 6998.28
Resistance 1 2676.08 6693.92 24578 1557.90 6918.70
Pivot 2644.17 6582.83 24263 1536.60 6786.82
Support 1 2622.08 6513.92 24043 1522.00 6707.24
Support 2 2590.17 6402.83 23728 1500.70 6575.36
Support 3 2568.08 6333.92 23508 1486.10 6495.78
Contract  June Gold May Silver May Crude Oil June  Bonds  June  Euro
Resistance 3 1360.6 16.90 69.35 146 29/32 1.2523
Resistance 2 1353.4 16.77 67.61 146 18/32 1.2481
Resistance 1 1348.6 16.67 66.69 146  8/32 1.2447
Pivot 1341.4 16.54 64.95 145 29/32 1.2405
Support 1 1336.6 16.44 64.03 145 19/32 1.2372
Support 2 1329.4 16.31 62.29 145  8/32 1.2330
Support 3 1324.6 16.21 61.37 144 30/32 1.2296
Contract  May  Corn May Wheat May Beans May SoyMeal May Nat Gas
Resistance 3 395.3 509.0 1077.33 396.00 2.79
Resistance 2 393.8 501.5 1070.67 393.50 2.76
Resistance 1 391.5 496.8 1060.33 388.70 2.71
Pivot 390.0 489.3 1053.67 386.20 2.68
Support 1 387.8 484.5 1043.3 381.4 2.6
Support 2 386.3 477.0 1036.67 378.90 2.59
Support 3 384.0 472.3 1026.33 374.10 2.54

http://app.bettertrader.co 

Economic Reports, source: 

Economic Reports - Wednesday, April 11th

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

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Watch 4 short videos on the topics of:
  • Using Bollinger Bands and Parabolics
  • Using range Bars for Day-Trading
  • The concept of Price Confirmation
  • How to Use Support & Resistance Levels
  • License 3 Broker at your Fingertips
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