1-800-454-9572 info@cannontrading.com

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.

____________________________________________________________

Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!! 

_____________________________________________________________

Choosing the Best Futures Trading Platform:

Charts are a trader’s best friend, so good charting is a must when deciding what platform to use. After that it depends on style. If you are a day trader you need the ability to trade with one click, because you are trying to capture quick moves in the market. If you are holding for a period of days this is obviously less important. Everyone should have risk management in their trades, so having a platform that allows you to place stop orders the way you like, (limit, market, trailing, OCO’s) is extremely important. Finally, if you are trading multiple markets, or just watching other markets that effect the one you are trading, having the ability to have multiple charts and DOMs on one screen is nice. Everyone has different style and nuances to trading, so finding what works for you will help make the experience much more enjoyable.

Other factors to consider:

  • Cost
  • Order desk back up
  • Mobile access
  • MAC compatibility
  • Do orders sit server side or client side?

Good news is that you can utilize our experience and familiarity with over 10 platforms to help you choose and decide based on your specific trading needs.

Our brokers are our strongest asset, feel free to utilize this asset!

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

10-06-2017

Contract December 2017  SP500 Nasdaq100 Dow Jones Mini Russell BitCoin Index
Resistance 3 2570.92 6148.25 22896 1526.20 4629.39
Resistance 2 2560.58 6106.50 22811 1521.80 4492.79
Resistance 1 2555.17 6084.50 22767 1518.20 4422.14
Pivot 2544.83 6042.75 22682 1513.80 4285.54
Support 1 2539.42 6020.75 22638 1510.20 4214.89
Support 2 2529.08 5979.00 22553 1505.80 4078.29
Support 3 2523.67 5957.00 22509 1502.20 4007.64
Contract December Gold Dec. Silver Nov. Crude Oil Dec.  Bonds Dec.  Euro
Resistance 3 1290.2 16.91 52.72 153 23/32 1.1881
Resistance 2 1285.9 16.84 51.97 153 10/32 1.1852
Resistance 1 1278.4 16.73 51.35 152 26/32 1.1801
Pivot 1274.1 16.66 50.60 152 13/32 1.1772
Support 1 1266.6 16.55 49.98 151 29/32 1.1721
Support 2 1262.3 16.48 49.23 151 16/32 1.1692
Support 3 1254.8 16.37 48.61 151 1.1641
Contract Dec.  Corn Dec. Wheat November Beans Dec. SoyMeal Nov. Nat Gas
Resistance 3 355.1 449.8 981.83 327.57 3.06
Resistance 2 353.2 446.9 976.42 323.03 3.03
Resistance 1 351.3 443.8 972.33 319.97 2.96
Pivot 349.4 440.9 966.92 315.43 2.93
Support 1 347.6 437.8 962.8 312.4 2.9
Support 2 345.7 434.9 957.42 307.83 2.83
Support 3 343.8 431.8 953.33 304.77 2.77

Economic Reports, source: 

http://app.bettertrader.co

Economic Reports - Friday, October 2017

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  

Trading Expertise As Featured In

Real Time Text Alerts.


Directly to your Phone!
  • You will receive a text and email each time there is an entry or exit in a simple language along with the current price for that specific market.
  • A licensed series 3 broker at your fingertips
  • Text alerts available to US and Canada residents. Int'l clients will receive the alerts via email. No obligation

Partners

Loading
Loading

Loading