High Market Volatility & Futures Levels 9.06.2016 - Support & Resistance Levels

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.

High Market Volatility & Futures Levels 9.06.2016


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Dear Traders,

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China trade War is moving the markets in a very volatile way.
One day traders could not buy silver/gold fast enough, the next day silver sells off over 80 cents and more than a $1 move from high to low ( approx. 4.2% move!)
The same with stock indices, one day traders can’t sell it fast enough and the next day buying volume dominates.
If you are a day-trader, be aware, adjust technique and know what the news are and if there is a certain directional bias.
If you are a swing trader, I recommend using options as a tool to either speculate or hedge futures positions.
we are here to assist if you need a second opinion/feedback or just a second pair of eyes to look over some trades.

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



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.

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