New Home Sales Tomorrow + Futures Trading Levels 6.24.2022 - Support & Resistance Levels

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.

New Home Sales Tomorrow + Futures Trading Levels 6.24.2022

Get Real Time updates and more on our private FB group!

What You Need to Know Before Trading June 24th:

Energy: Crude oil prices, natural gas, heating oil and unleaded ( RBOB) all finished lower today after the weekly reports and entered a short term downtrend pattern according to to our indicators.
Crypto: Last Trading Day for June Bitcoin futures is this Friday, June 24th. These are financially settled (no physical delivery), but if you’re holding longer-term positions in the June contract, you need to roll your position over/forward to the new front month contract – July.
Financials/Stocks: New Home Sales tomorrow. Stocks been choppy with high intraday volatility.
Grains: Strong sell off ahead of July OPTIONS expiration tomorrow.
First Notice Day for grains is next Thursday, June 30. Avoid delivery and roll your positions! Front month for most grains is now September. U
Softs: Time to trade September Coffee, Cocoa, OJ. October Sugar and the most liquid month for cotton seems to be December!
Metals: Multiple “sell signals” across gold, silver, copper, platinum and palladium turned the sector into short term bearish. Be careful as these markets tend to be “moody”. Daily chart of Copper(in my opinion was the leader in the directional change in the complex ) below for your review.
Copper Futures Daily Chart

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


Futures Support Resistance Levels 6.24.2022



Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here

Economic Reports, Source:



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.

Click to rate this post!
[Total: 0 Average: 0]
Posted in: Future Trading News   | futures trading education   | Metal Futures  

Trading Expertise As Featured In

Trading Tips You Can Use Right Away!

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