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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,

Intra-day as well as day to day volatility continues to be extremely high.

I hate sounding like a broken record but one must adjust their trading, money management and more to be able to survive in this high volatility period.

Review your trading, do some homework every day. be honest with yourself and adjust where you need to adjust.

Make sure you are trading the right size?

working with stops?

Reviewing your settings for targets and stops?

Keeping a journal?

Trading is not easy and if you don’t put the time and effort to try and be better the bottom line in your account will reflect this.

30 Minute chart of the NQ for your review below…..I marked the dollar value against you if you were wrong from high to low to make a point of the HUGE volatility. Over $3,000 per ONE contract…..

ENQ - E-mini NASDAQ-100, Equalized Active 30 Min Continuation 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

4-10-2018

Contract June 2018  SP500  Nasdaq100 Dow Jones  Mini Russell BitCoin Index
Resistance 3 2692.25 6747.33 24699 1556.93 7695.57
Resistance 2 2673.00 6682.67 24522 1547.17 7433.41
Resistance 1 2646.00 6589.33 24264 1533.13 7037.46
Pivot 2626.75 6524.67 24087 1523.37 6775.30
Support 1 2599.75 6431.33 23829 1509.33 6379.35
Support 2 2580.50 6366.67 23652 1499.57 6117.19
Support 3 2553.50 6273.33 23394 1485.53 5721.24
Contract  June Gold May Silver May Crude Oil June  Bonds  June  Euro
Resistance 3 1356.0 16.83 65.66 147 11/32 1.2481
Resistance 2 1348.7 16.69 64.64 146 26/32 1.2437
Resistance 1 1344.6 16.59 63.98 146 15/32 1.2410
Pivot 1337.3 16.44 62.96 145 30/32 1.2366
Support 1 1333.2 16.34 62.30 145 19/32 1.2338
Support 2 1325.9 16.20 61.28 145  2/32 1.2294
Support 3 1321.8 16.10 60.62 144 23/32 1.2267
Contract  May  Corn May Wheat May Beans May SoyMeal May Nat Gas
Resistance 3 396.0 513.4 1061.83 401.90 2.79
Resistance 2 394.3 503.6 1056.17 397.60 2.75
Resistance 1 392.5 497.2 1051.58 393.60 2.72
Pivot 390.8 487.3 1045.92 389.30 2.68
Support 1 389.0 480.9 1041.3 385.3 2.7
Support 2 387.3 471.1 1035.67 381.00 2.62
Support 3 385.5 464.7 1031.08 377.00 2.60

Economic Reports, source: 

Economic Reports - Tuesday, April 10th
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: Futures Trading  

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