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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.

We started out the week with slow trading day and narrow range on stock index futures.

I got a “small sell signal” on mini Dow, which I would like to see a bit more down move before acting on it, simply because volume was not sufficient enough to confirm a good probability of a correction. However, while the probability for down move is not big, the risk reward with a stop above the previous high is not bad….

SP-500-Day-Trading-2010-11-09

Trading commodity futures and options involves substantial risk of loss. The recommendations contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results.

GOOD TRADING!

TRADING LEVELS

futures-trading-levels-20101109

This Week’s Calendar from Econoday.Com
All reports are EST time

Another great source for economic reports around the globe with “report importance indicator” at: http://www.forexfactory.com/calendar.php

Tuesday November 9th 2010 – http://mam.econoday.com/byweek.asp?cust=mam

NFIB Small Business Optimism Index
7:30 AM ET

ICSC-Goldman Store Sales
7:45 AM ET

Redbook
8:55 AM ET

Wholesale Trade
10:00 AM ET

4-Week Bill Auction
11:30 AM ET

10-Yr Note Auction
1:00 PM ET

Disclaimer:
Trading commodity futures and options involves substantial risk of loss. The recommendations contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results. This is not a solicitation of any order to buy or sell, but a current futures 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!

Tags: > > > > > > > > > Posted in: Future Trading News   | Future Trading Platform   | Futures Broker   | Futures Exchange   | Futures Trading   | Trading Guide  

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