NEW Micro Ethereum Futures & Futures Support and Resistance Levels 12.07.2021 - Support & Resistance Levels

Support & Resistance Levels

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NEW Micro Ethereum Futures & Futures Support and Resistance Levels 12.07.2021

Dear Futures Trader,

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A note about MICRO Ethereum by John Thorpe, Senior Broker:

Today, the CME has launched a new Cryptocurrency futures contract.
We currently have Bitcoin, Ethereum, Micro Bitcoin and Now Micro Ethereum futures.
The New Micro Ether contract is 1/10th the size of the full-sized Ethereum futures contract.
The current price for the full-sized is $4160.00 per contract, so it follows that the micro, full contract value is 416.00. ( as of Dec. 6th noon central)
This contract will trade the first 6 months consecutively, on it’s first day today , trades have occurred in the first two months, Dec and Jan 22 respectively
METZ21, and METF22
The margin would be 416..
Last week I registered for a CoinDesk/CME webinar that some of you may have seen. I invite you to watch the replay where the viability of not only crypto’s but also new futures launches now and in the future are discussed in addition to a look forward at the end of the webinar.
Enjoy and make it a profitable week.

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.


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Futures Support and Resistance Levels 12.07.2021


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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.

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