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.

Practical Tips for Trading (Videos) & Future Trading Levels 6-02-2020

 

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Dear Traders,
Trading Videos 101: Curious on an indicator that can help you with EXITS? How about using a certain indicator as a trailing stop?
Watch the latest trading videos we have posted and see if you can pick a tip or two on trading smarter!
In this week’s newsletter we are sharing four videos, each a few minutes long. The videos discuss practical tips for trading and sharing our experience with you. Learn more about the following future option trading tips:
1. Using bollinger Bands as a possible tool for exiting trades
2. One way you can use the Parabolics study ( also known as PSAR) to manage current positions, possibly as a trailing stop
3. Different ways traders can utilize support and resistance levels in their trading.
4. Entering trades on a stop, using “price confirmation”.
5. Utilizing Range Bar charts for shorter term trading as a way to try and filter out some noise.

Good Trading

Trading Futures, Options on Futures, Gold Futures, Future Option Trading Tips, 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

06-02-2020

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Did you know?
Cannon offers over 12 TRADING PLATFORMS CLICK HERE for a demo


Economic Reports, source: 

 

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.

Entry Signals & Trade Management & Futures Levels 5.29.2020

 

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Dear Traders,
1. Day Trading 202: Tight Stops? Wide Stops? Which One Should I Use?
Entry Signals Are Very Important But Just As Important If Not More Is Futures Trade Management.
By: Ilan Levy-Mayer, Cannon Trading Commodities Broker & VP
Today I decided to touch more on an educational feature rather than provide a certain market outlook. Many of my clients and blog readers know that when it comes to short term trading I am a fan of adjusting your trading technique/ game plan according to your assessment of the type of trading day that is developing in front of you.
Many new and advanced traders spend HOURS on looking for entry signals. Back testing historical data, creating algorithms to use and much more. I know. I am one of these traders.
Trade management consists of many factors. Some are psychological and some are more mathematical and many are in between. Some of the basic elements of futures trade management before even entering the trade are: What will my stop loss be**? will I use a stop loss**? What will my target be? will I use a target or just trail the trade if it goes my way?

Good Trading

Trading Futures, Options on Futures, Gold 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

05-29-2020

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Did you know?
Cannon offers over 12 TRADING PLATFORMS CLICK HERE for a demo


Economic Reports, source: 

 

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.

The Small Exchange Coming Soon! & Trading Levels 5.28.2020

 

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Dear Traders,
The Small Exchange is (almost) here with an official launch June 1st!
SMALL – The Size
Each product has smaller proportions than existing futures and more efficient margining than traditional stocks and ETFs.
STANDARD – The Construction
The build behind all Small Exchange products is standard, so you can focus on trading, not studying.
SIMPLE – The Products
The concept at the center of each product is simple, making your trip from inspiration to execution as short as possible.
Or Contact your Cannon Broker for more information!
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Good Trading

Trading Futures, Options on Futures, Gold 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

05-28-2020

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Did you know?
Cannon offers over 12 TRADING PLATFORMS CLICK HERE for a demo


Economic Reports, source: 

 

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.

Short Videos on Different Trading Techniques & Futures Levels 5.27.2020

 

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Dear Traders,
Short week ahead with some reports. Pay attention that crude oil numbers will be out Thursday and not the usual Wednesday.
Some nice short videos on different trading techniques one can explore at:
  • Ever wondered when to exit a trade? Take a look at what Ilan has to share on Bollinger Bands and a study called PARABOLICS
  • Some common uses you can make of support and resistance levels.
  • Filter out the noise with range bar charts
  • “Price Confirmation”

Good Trading

Trading Futures, Options on Futures, Gold 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

05-27-2020

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Did you know?
Cannon offers over 12 TRADING PLATFORMS CLICK HERE for a demo


Economic Reports, source: 

 

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.

Future Trading Tools, Memorial Day Trading Schedule & Futures Levels 5.25.2020

 

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Dear Traders,
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Good Trading

Trading Futures, Options on Futures, Gold 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

05-25-2020

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Weekly Levels for May 25th – 29th
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Did you know?
Cannon offers over 12 TRADING PLATFORMS CLICK HERE for a demo

 

Reports, First Notice (FN), Last trading (LT) Days for the Week:
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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.

Futures Trading Levels 5.21.2020 – Memorial Day Schedule

 

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Dear Traders,
This coming Monday is Memorial Day here in the US.
Memorial Day Trading Schedule. Visit our website for more details.
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Good Trading

Trading Futures, Options on Futures, Gold 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

05-22-2020

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Did you know?
Cannon offers over 12 TRADING PLATFORMS CLICK HERE for a demo


Economic Reports, source: 

 

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.

Memorial Day Trading Schedule & Levels 5.21.2020

 

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Get Real Time updates and market alerts on Twitter!
Dear Traders,
Memorial Day Trading Schedule below. Visit our website for more details.
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Good Trading

Trading Futures, Options on Futures, Gold 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

05-21-2020

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Did you know?
Cannon offers over 12 TRADING PLATFORMS CLICK HERE for a demo


Economic Reports, source: 

 

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.

Memorial Day 2020 Holiday Schedule for CME / Globex and ICE Exchange

Memorial Day 2020 Holiday Schedule for CME / Globex and ICE Exchange

Memorial Day

 

*Dates and times are subject to change

If you have any questions, please call the CME Global Command Center at +1 800 438 8616, in Europe at +44 800 898 013 or in Asia at +65 6532 5010

Globex® Memorial Day 2020 Holiday Schedule for CME / Globex and ICE Exchange

More details at: http://www.cmegroup.com/tools-information/holiday-calendar.html 

ICE Futures Memorial Day 2020 Holiday Schedule for CME / Globex and ICE Exchange

Detailed holiday hours for ICE Futures: https://www.theice.com/holiday-hours

The above sources were compiled from sources believed to be reliable. Cannon Trading assumes no responsibility for any errors or omissions.  It is meant as an alert to events that may affect trading strategies and is not necessarily complete.  The closing times for certain contracts may have been rescheduled.

Simpler Approach To Day Trading, ES Chart & Trading Levels 5.20.2020

 

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Dear Traders,
Trading Video: How I like to day-trade futures using either counter trend or trend following concepts ( or what I call simpler approach to day trading)
In This 25 Minutes Video You Will Learn he Following:
1. Possible advantages of using range bar charts over time charts for day trading
2. Trade set ups using counter trend indicators
3. Trade set ups using trend following indicators
4. The concept of price confirmation
5. Tips and insights from Ilan’s observations of different markets
6. You will be able to install the indicators/concepts mentioned and practice right away with your own demo!
Mini SP 500, 120 minutes chart ( ES) below for your review along with a recent short term sell signal.
Sign up for the Trading indicators shown in the chart her! ( red arrow/square = potential sell, blue arrow/ square=potential buy etc.))
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Good Trading

Trading Futures, Options on Futures, Gold 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

05-20-2020

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Did you know?
Cannon offers over 12 TRADING PLATFORMS CLICK HERE for a demo


Economic Reports, source: 

 

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.

Emini NQ Chart, Weekly Options reading & Trading Levels 5.19.2020

 

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Dear Traders,
No commentary today. A good read on using weekly options at:
I personally like using weekly options rather than using a stop loss – better staying power in my opinion.
Mini NASDAQ 100 chart ( NQ) below for your review…Amazing what TEN TRILLION FED JUICE can do…($10,000,000,000,000)
Sign up for the Trading indicators shown in the chart her! ( red arrow/square = potential sell, blue arrow/ square=potential buy etc.))
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Good Trading

Trading Futures, Options on Futures, Gold 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

05-19-2020

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Did you know?
Cannon offers over 12 TRADING PLATFORMS CLICK HERE for a demo


Economic Reports, source: 

 

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.