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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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One of the Most Important ( and often overlooked….) Aspects of Day Trading – Learn to Accept Losses
By: Ilan Levy-Mayer, Cannon Trading Commodities Broker & VP
I am frequently asked, (and many times I ask myself) about the keys to trading success in general and futures trading in specific. The list is long and, to be honest, it is not an exact science
Successful trading is a mix of art and math, personality and discipline and much more in between. also be honest, I have seen many different ways to make money in the futures and commodities world. I saw and still see clients trade and make money.
To read the remaining article please click here

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

07-06-2018

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2776.67 7273.17 24675 1713.10 6897.17
Resistance 2 2758.08 7200.08 24520 1699.20 6796.36
Resistance 1 2747.92 7161.17 24425 1691.80 6648.72
Pivot 2729.33 7088.08 24270 1677.90 6547.91
Support 1 2719.17 7049.17 24175 1670.50 6400.27
Support 2 2700.58 6976.08 24020 1656.60 6299.46
Support 3 2690.42 6937.17 23925 1649.20 6151.82
Contract August Gold #GC_F Sept. Silver #SI-F Aug. Crude Oil #CL-F Sept.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1272.8 16.41 76.79 146 24/32 1.1884
Resistance 2 1267.6 16.30 75.84 146  8/32 1.1833
Resistance 1 1262.6 16.19 74.42 145 29/32 1.1793
Pivot 1257.4 16.08 73.47 145 13/32 1.1742
Support 1 1252.4 15.96 72.05 145  2/32 1.1702
Support 2 1247.2 15.85 71.10 144 18/32 1.1651
Support 3 1242.2 15.74 69.68 144  7/32 1.1611
Contract Dec.  Corn #ZC_F Sept. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Aug. Nat Gas #NG_F
Resistance 3 376.3 522.5 876.17 331.53 2.95
Resistance 2 373.2 515.5 871.58 329.77 2.92
Resistance 1 368.8 510.5 863.67 326.83 2.88
Pivot 365.7 503.5 859.08 325.07 2.85
Support 1 361.3 498.5 851.2 322.1 2.8
Support 2 358.2 491.5 846.58 320.37 2.78
Support 3 353.8 486.5 838.67 317.43 2.73

Economic Reports, source: 

https://www.forexfactory.com

Date 3:07pm Currency Impact Detail Actual Forecast Previous Graph
FriJul 6  2:00am EUR
German Industrial Production m/m
0.3% -1.0%
2:45am EUR
French Trade Balance
-5.1B -5.0B
3:30am GBP
Halifax HPI m/m
0.3% 1.5%
4:00am EUR
Italian Retail Sales m/m
0.4% -0.7%
8:30am USD
Average Hourly Earnings m/m
0.3% 0.3%
USD
Non-Farm Employment Change
195K 223K
USD
Unemployment Rate
3.8% 3.8%
USD
Trade Balance
-43.6B -46.2B
10:30am USD
Natural Gas Storage
76B 66B

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.

Posted in: Future Trading News  

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