Market Insight: Possible Trades in the Eminis & Crude Oil; BookMap Webinar Signup & Support and Resistance Levels 9.15.2021 - Support & Resistance Levels

Support & Resistance Levels

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Market Insight: Possible Trades in the Eminis & Crude Oil; BookMap Webinar Signup & Support and Resistance Levels 9.15.2021

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Tuesday Sept. 14th insight by Austin LaChapelle, Cannon Futures Broker:

It seems institutions are on the sidelines waiting for the fed announcement next week. Maybe the quad witching will give an opportunity to go long the index futures into the FOMC meeting.
I see an opportunity to go long the Nasdaq futures at 15150 – That is my personal bias. That being said I am waiting in the weeds for ES futures. We are nearing points in the ES that I am going to call very important pivotal areas.
We have 4437.50-4439 and 4426-4427. Offers below both of those levels could get things rolling for a real nice sell off. Will you be ready?
Another market that I am looking at, is crude oil futures. I am looking ( again this is my personal opinion) to get short around 71.20 hopefully the report tomorrow will be the catalyst to get into the trade.
Right now I prefer trading the December contract and sometimes you get a little squeeze into the expiration of the front month. We will see if we can get these to align to hit my target below 68.85.
Important: Trading commodity futures and options involves a substantial risk of loss.
The recommendations contained in this letter are of opinion only and do not guarantee any profits.
Past performances are not necessarily indicative of future results.



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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 when it comes to Futures Trading.


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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 as well as options on futures.

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