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!!  

____________________________________________________________________

Dear Traders,

Like us on FaceBook!
My colleague, John Thorpe, just shared a good post discussing interest rates futures, how it affects your mortgage and more. You can read the full post here.
Reading the post reminded me how much I personally like both the 30 yr bonds and 10 yr bonds for shorter term and medium term trading.
If you are a day-trader, read below and start following the bonds or 10 years and let us know if we can assist you in any way!
The ZB or the 30 year offers a different type of personality than the mini SP and other indices. It is more sensitive to certain economic reports and trades differently than other markets, just a total different personality.
The tick size on the ZB is 1/32 or $31.50 per one point/ tick.
I included some contract specs on the T Bonds futures below as well as an intra-day chart for your review.
The 10 yr notes or the ZN are very similar to the 30 yr except it does trade in half points, so minimum fluctuation is $15.625 and the 10 years will have smaller moves than the 30 yr although 99% in the same direction ( opens the door for spread trading on a daytrading basis).
If you like to have access to the trading signals like shown in the chart below, click on the get started now.
30 yr Treasury Bond Futures Specs
Hours: 05:00 PM previous day to 4:00 PM Central Time
Margins: $2530 initial, $2300 Maint. ( as of the date of this newsletter)
Point Value: full point = $1000 ( Example: 144.16 to 145.16 ). Min fluctuation is 0.01 = $31.25 ( Example: 144.16-144.17) Settlement: Physical Delivery
Months: Quarterly (March,June,Sep,Dec)
Weekly Options:YES
Some of the basic fundamentals to keep in mind when you are considering trading the U.S. 30yr Treasury Bonds for this matter:
1. Interest Rates.
2. FOMC Rate decisions and Language
3. Focus in macroeconomics
4. Bond Prices have an inverse relationship to Interest rates
5. Correlation to US Dollar prices
6. Inflationary prospects
7. Geopolitical Stability
8. U.S. Fiscal and Monetary Stability
Our brokers here at Cannon will be happy to chat about the Bond market, other interest rate products, other futures, options, futures spreads and much more! Feel free to contact us at any time.
Feel free to click on the chart below to view on larger scale.

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

07-18-2019

 

 

try free demo account


Economic Reports, source: 

bettertrader.co

 

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: Commodity Brokers   | Day Trading   | Financial Futures  

Trading Expertise As Featured In

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.

Partners

Loading
Loading

Loading