The Futures Trader's Destination for Over 25 Years

Open an Account
Call Us Free: 1-800-454-9572
Why Trade with Cannon?
  • USA
  • Canada
  • Mexico
  • United Kingdom
  • France
  • Italy
  • Spain
  • Germany
  • Australia
  • Netherlands
  • Romania
  • Belgium
  • Sweden
  • Czech Republic
  • Hungary
  • Switzerland
  • Austria
  • Portugal
  • Denmark
  • Greece
  • UAE
  • Israel
  • Jordan
  • Saudi Arabia
  • India
  • Argentina
  • Costa Rica
  • Peru
  • Chile
  • Brazil
  • China
  • Hong Kong
  • Japan
  • Russia
  • Thailand
  • South Korea
  • Taiwan
  • Philippines
  • Singapore
  • And Many More!
Countries We Accept Clients From | International Calls: 310-859-9572

Look Before You Leap 3.18.2016

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Friday March 18, 2016

Hello Traders,

For 2016 I would like to wish all of you discipline and patience in your trading!


A great trading advice  by my colleague, Steven Nimerov who has over 25 years of experience starting on the floor of the CME.

“Look Before You Leap”

On the way to becoming a successful Futures trader you will incur many losses.
That I can attest to.

One way to guarantee you will never be a successful trader is by taking “out sized” losses.

There was a time, in my 40 year career, that I would get an idea, in my head, that I had to be in a market, jump in and then look at where a proper stop loss would have to be placed and panic because the loss would be too great if the stop loss was reached.
So being the rookie that I was, I would place what was known as a “money’ stop, which is one that is based on how much money I was willing to risk rather one that was based on support or resistance.

Because this type of stop level was arbitrary I kept getting stopped out and then watching as the market turn around and go the way I thought it would.

Then it dawned on me. Look before you leap! So before jumping into the fray, look at where the stop goes first and if it is too far away you can just pass on it or place your “resting” or limit order closer to where a stop can be placed based chart support or resistance, not on “how much you want to lose”

Of course you can still get stopped out but at least you might have a better chance of keeping your losses smaller.

Have you checked out iSystems?? This cutting edge technology allows you to select, activate, change and view in real time professionally designed trading systems! Check out live data at:

TRADE SMART / TRADE SYSTEMS — for the current rankings as well as actual performance of trading systems traded at Striker, click here.


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.

If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

Futures Trading Levels

Contract June 2016 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2074.25 4471.08 17776 1128.03 96.75
Resistance 2 2055.50 4441.92 17602 1109.27 96.31
Resistance 1 2043.25 4418.08 17495 1097.43 95.56
Pivot 2024.50 4388.92 17321 1078.67 95.12
Support 1 2012.25 4365.08 17214 1066.83 94.37
Support 2 1993.50 4335.92 17040 1048.07 93.93
Support 3 1981.25 4312.08 16933 1036.23 93.18
Contract Apr. Gold May Silver May Crude Oil June Bonds June   Euro
Resistance 3 1284.5 16.66 43.89 164 11/32 1.1536
Resistance 2 1278.2 16.37 42.80 163 26/32 1.1454
Resistance 1 1267.8 16.15 42.18 163 11/32 1.1398
Pivot 1261.5 15.86 41.09 162 26/32 1.1316
Support 1 1251.1 15.64 40.47 162 11/32 1.1260
Support 2 1244.8 15.35 39.38 161 26/32 1.1178
Support 3 1234.4 15.13 38.76 161 11/32 1.1122
Contract May Corn May Wheat May Beans May SoyMeal April Nat Gas
Resistance 3 377.0 488.0 914.67 275.33 2.10
Resistance 2 374.5 482.0 909.58 273.07 2.03
Resistance 1 371.5 472.3 903.67 270.03 1.98
Pivot 369.0 466.3 898.58 267.77 1.91
Support 1 366.0 456.5 892.7 264.7 1.9
Support 2 363.5 450.5 887.58 262.47 1.78
Support 3 360.5 440.8 881.67 259.43 1.74

Economic Reports


All times are Eastern time Zone (EST)

Date 4:19pm Currency Impact Detail Actual Forecast Previous Graph
FriMar 18  3:00am EUR German PPI m/m -0.2% -0.7%
8:00am GBP BOE Quarterly Bulletin
9:00am USD FOMC Member Dudley Speaks
10:00am USD Prelim UoM Consumer Sentiment 92.1 91.7
USD Prelim UoM Inflation Expectations 2.5%
11:00am USD FOMC Member Rosengren Speaks
2:00pm USD FOMC Member Bullard Speaks

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   | Futures Trading  

Comments are closed.

Download Cannon’s new eBook, “Futures Forthright” instantly.

Quick Tip: After registering you will be emailed login information, so be sure to use an email address you have access to. If you need assistance please call us at 1-800-454-9572, a professional broker will help you through the registration process.
Doing Business With
See more...