Posted By: Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
Take the CME Group Gold Challenge
Gold futures at CME Group are one of the most traded futures contracts today. Many traders use Gold futures as a safe-haven contract during times of economic uncertainty.Now CME Group invites you to put your knowledge of their Gold markets to the test.The winner will walk away with a 1 oz. gold bar.Playing is simple: Between May 22 – June 1, 2017, enter your prediction for the June 30, 2017 closing price of the August Gold futures contract (GCQ7). Closest without going over wins.Good Luck!
Futures trading is not suitable for all investors, and involves risk of loss. Futures are a leverage instrument, and because only a percentage of a contract’s value is required to trade, it is possible to lose more than the amount of money initially deposited for a futures product.
Swaps trading is not suitable for all investors, involves the risk of loss and should only be undertaken by investors who are eligible contract participants (ECPs). Swaps are a leveraged investment, and because only a percentage of a contract’s value is required to trade, it is possible to lose more than the amount of money deposited for a swaps position. Therefore, traders should only use funds that they can afford to lose without affecting their lifestyles. And only a portion of those funds should be devoted to any one trade because they cannot expect to profit on every trade.CME Group is the trademark of CME Group, Inc.The Globe logo, Globex® and CME® are trademarks of Chicago Mercantile Exchange, Inc.CBOT® is the trademark of the Board of Trade of the City of Chicago.NYMEX, New York Mercantile Exchange, and ClearPort are trademarks of New York Mercantile Exchange. Inc.
COMEX is a trademark of Commodity Exchange, IncCopyright © 2017 CME Group. All rights reserved.Mailing Address: 20 South Wacker Drive, Chicago, Illinois 60606
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
|Contract June 2017||SP500||Nasdaq100||Dow Jones||Mini Russell||Dollar Index|
|Contract||June Gold||July Silver||July Crude Oil||June Bonds||June Euro|
|Resistance 3||1273.3||17.52||52.85||155 3/32||1.1349|
|Resistance 2||1268.5||17.41||52.20||154 24/32||1.1316|
|Resistance 1||1260.0||17.24||51.87||153 31/32||1.1256|
|Support 1||1246.7||16.97||50.89||152 27/32||1.1163|
|Support 2||1241.9||16.86||50.24||152 16/32||1.1130|
|Support 3||1233.4||16.69||49.91||151 23/32||1.1070|
|Contract||July Corn||July Wheat||July Beans||July SoyMeal||July Nat Gas|
Economic Reports, Source:
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.