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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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Dear Traders,

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I have been telling clients that with recent volatility, one of the biggest adjustments a trader has to make is the trading size. With NQ moving 400-500 points per day and ES sometimes moving 100 points per day, there is nothing wrong with using the MICRO contracts to allow you a bit more staying power, ability to trade smaller because of the wider bands etc.
I have been recently using MICRO NQ, MICRO ES, mini crude, MICRO gold, mini Silver ( SIL) and a few other smaller contracts with good volume simply because I want o base my trading on the chart, price action, support levels etc. and many don’t have the ability to risk 500 NQ points on a swing trade for example ( $10,000) but with a MICRO NQ the risk now becomes a $1000 which allows for better sleep and decision making in my eyes.
Want to learn more about the MICROS and which markets have MICROS that are liquid, the symbols etc? – CONTACT a SERIES 3 broker.
PS: Crude numbers are tomorrow at 11 AM EST ( since today was Veterans Day

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 when it comes to Futures Trading.

 

Futures Trading Levels

11-12-2020

Economic Reports, source: 

https://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: Future Trading News  

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Watch 4 short videos on the topics of:
  • Using Bollinger Bands and Parabolics
  • Using range Bars for Day-Trading
  • The concept of Price Confirmation
  • How to Use Support & Resistance Levels
  • License 3 Broker at your Fingertips
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