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.

Quick Links: Commissions | Day Margins | Contact Us
Open An Account
Free Demo Account Subscribe Here

Trading Levels for 10.04.2018

Posted on by Ilan

____________________________________________________________________

Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

____________________________________________________________________

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!
No commentary today. Have a great trading day, Thursday Oct. 4th!

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

10-04-2018

 

Contract December 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2961.42 7760.92 27152 1709.63 6657.61
Resistance 2 2953.08 7732.33 27059 1695.97 6598.44
Resistance 1 2942.17 7698.67 26962 1686.43 6513.47
Pivot 2933.83 7670.08 26869 1672.77 6454.30
Support 1 2922.92 7636.42 26772 1663.23 6369.33
Support 2 2914.58 7607.83 26679 1649.57 6310.16
Support 3 2903.67 7574.17 26582 1640.03 6225.19
Contract December Gold #GC_F Dec. Silver #SI-F Nov. Crude Oil #CL-F Dec.  Bonds  #ZB_F Dec.  Euro #6E_F
Resistance 3 1221.2 15.02 79.87 142 13/32 1.1721
Resistance 2 1216.8 14.94 78.39 141 14/32 1.1691
Resistance 1 1209.7 14.81 77.27 140 1.1636
Pivot 1205.3 14.73 75.79 139  1/32 1.1606
Support 1 1198.2 14.61 74.67 137 19/32 1.1551
Support 2 1193.8 14.53 73.19 136 20/32 1.1521
Support 3 1186.7 14.40 72.07 135  6/32 1.1466
Contract Dec.  Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Nov. Nat Gas #NG_F
Resistance 3 371.3 529.9 877.42 320.13 3.40
Resistance 2 369.9 526.6 873.83 318.27 3.33
Resistance 1 367.3 520.9 867.67 314.73 3.29
Pivot 365.9 517.6 864.08 312.87 3.22
Support 1 363.3 511.9 857.9 309.3 3.2
Support 2 361.9 508.6 854.33 307.47 3.12
Support 3 359.3 502.9 848.17 303.93 3.08

Economic Reports, source: 

www.forexfactory.com

 

Date 4:16pm Currency Impact Detail Actual Forecast Previous Graph
ThuOct 4  4:30am GBP
Housing Equity Withdrawal q/q
 -6.5B -6.7B
Tentative EUR
Spanish 10-y Bond Auction
 1.49|1.5
Tentative EUR
French 10-y Bond Auction
 0.71|1.9
Tentative GBP
10-y Bond Auction
7:30am USD
Challenger Job Cuts y/y
 13.7%
8:30am USD
Unemployment Claims
 214K 214K
9:15am USD
FOMC Member Quarles Speaks
10:00am USD
Factory Orders m/m
 2.2% -0.8%
10:30am USD
Natural Gas Storage
 47B 46B

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.

Trading Levels for 10.03.2018 + Survivor DayTrading

Posted on by Ilan

____________________________________________________________________

Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

____________________________________________________________________

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!
Survivor Day Trading: Taking a Look at Day Traders Money Management From a Different Angle.
I started as a commodity broker back in 1998, when commissions of $25 per round turn for the E-minis were considered a deep discount. I had the luxury of observing many types of day traders and saw things from the sidelines that most traders could not see during the heat of battle, one of which is the importance of solid money management for the long-term survival of day traders.
84ed7e45 9d87 4182 ac9a 5b675b331a0e

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

10-03-2018

 

Contract December 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2955.67 7783.92 27194 1698.67 6744.15
Resistance 2 2945.83 7748.33 27016 1689.53 6670.21
Resistance 1 2937.17 7701.42 26909 1674.87 6599.93
Pivot 2927.33 7665.83 26731 1665.73 6525.99
Support 1 2918.67 7618.92 26624 1651.07 6455.71
Support 2 2908.83 7583.33 26446 1641.93 6381.77
Support 3 2900.17 7536.42 26339 1627.27 6311.49
Contract December Gold #GC_F Dec. Silver #SI-F Nov. Crude Oil #CL-F Dec.  Bonds  #ZB_F Dec.  Euro #6E_F
Resistance 3 1235.4 15.43 76.70 141 11/32 1.1730
Resistance 2 1223.9 15.19 76.30 141  1/32 1.1689
Resistance 1 1215.3 14.95 75.72 140 25/32 1.1654
Pivot 1203.8 14.71 75.32 140 15/32 1.1613
Support 1 1195.2 14.47 74.74 140  7/32 1.1578
Support 2 1183.7 14.23 74.34 139 29/32 1.1537
Support 3 1175.1 13.99 73.76 139 21/32 1.1502
Contract Dec.  Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Nov. Nat Gas #NG_F
Resistance 3 374.7 547.1 881.17 321.53 3.28
Resistance 2 371.8 535.9 873.83 318.57 3.24
Resistance 1 369.7 527.6 869.92 316.83 3.20
Pivot 366.8 516.4 862.58 313.87 3.15
Support 1 364.7 508.1 858.7 312.1 3.1
Support 2 361.8 496.9 851.33 309.17 3.07
Support 3 359.7 488.6 847.42 307.43 3.03

Economic Reports, source: 

www.forexfactory.com

 

Date 3:47pm Currency Impact Detail Actual Forecast Previous Graph
WedOct 3 All Day EUR
German Bank Holiday
3:15am EUR
Spanish Services PMI
 52.9 52.7
3:45am EUR
Italian Services PMI
 52.8 52.6
3:50am EUR
French Final Services PMI
 54.3 54.3
3:55am EUR
German Final Services PMI
 56.5 56.5
4:00am EUR
Final Services PMI
 54.7 54.7
4:30am GBP
Services PMI
 54.0 54.3
5:00am EUR
Retail Sales m/m
 0.2% -0.2%
8:05am USD
FOMC Member Barkin Speaks
8:15am USD
ADP Non-Farm Employment Change
 185K 163K
9:45am USD
Final Services PMI
 52.9 52.9
10:00am USD
ISM Non-Manufacturing PMI
 58.0 58.5
10:30am USD
Crude Oil Inventories
 1.1M 1.9M
2:00pm USD
FOMC Member Brainard Speaks
2:15pm USD
FOMC Member Mester Speaks
4:00pm USD
Fed Chair Powell Speaks

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.

Trading Levels for 10.02.2018 + FN, LT days for October

Posted on by Ilan

____________________________________________________________________

Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

____________________________________________________________________

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!
Below are the contracts which are entering First Notice or Last Trading Day for the upcoming month.  Be advised, for contracts that are deliverable, it is Cannon’s policy that all LONG positions be exited the day prior to First Notice and ALL positions be exited the day prior to Last Trading Day.  If you have any questions please contact the Trade Desk .
First Notice
Contract Month
Contract
1-Oct
October
ICE Sugar
8-Oct
October
Live Cattle
26-Oct
November
London Coffee
31-Oct
November
COMEX & ICE Metals
31-Oct
November
CBOT Soybeans
31-Oct
November
CBOT Rice
31-Oct
November
Canola
Last Trading Day
Contract Month
Contract
2-Oct-18
September
Milk III & Butter
9-Oct-18
October
Cotton
12-Oct-18
October
Lean Hogs
12-Oct-18
October
CBOT Soybean Meal & Oil
15-Oct-18
October
CME Eurodollar
22-Oct-18
November
NYMEX Crude Oil
25-Oct-18
October
Feeder Cattle
29-Oct-18
October
COMEX & ICE Metals
29-Oct-18
November
NYMEX Natural Gas
30-Oct-18
October
Milk III & Butter
31-Oct-18
October
30-Day Fed Funds
31-Oct-18
November
NYMEX RBOB & Heating Oil
31-Oct-18
December
ICE Brent Crude Oil
31-Oct-18
October
Live Cattle

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

10-02-2018

 

Contract December 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2958.67 7790.75 27009 1741.67 7067.50
Resistance 2 2950.33 7759.75 26882 1726.73 6927.85
Resistance 1 2939.17 7714.00 26771 1702.47 6736.62
Pivot 2930.83 7683.00 26644 1687.53 6596.97
Support 1 2919.67 7637.25 26533 1663.27 6405.74
Support 2 2911.33 7606.25 26406 1648.33 6266.09
Support 3 2900.17 7560.50 26295 1624.07 6074.86
Contract December Gold #GC_F Dec. Silver #SI-F Nov. Crude Oil #CL-F Dec.  Bonds  #ZB_F Dec.  Euro #6E_F
Resistance 3 1205.4 15.03 79.40 140 20/32 1.1746
Resistance 2 1201.0 14.88 77.58 140 15/32 1.1721
Resistance 1 1197.0 14.70 76.58 140  5/32 1.1684
Pivot 1192.6 14.55 74.76 140 1.1659
Support 1 1188.6 14.37 73.76 139 22/32 1.1622
Support 2 1184.2 14.22 71.94 139 17/32 1.1597
Support 3 1180.2 14.04 70.94 139  7/32 1.1560
Contract Dec.  Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Nov. Nat Gas #NG_F
Resistance 3 376.0 524.4 884.50 325.57 3.26
Resistance 2 371.3 519.8 874.25 321.13 3.19
Resistance 1 368.5 514.7 866.00 317.47 3.15
Pivot 363.8 510.1 855.75 313.03 3.08
Support 1 361.0 504.9 847.5 309.4 3.0
Support 2 356.3 500.3 837.25 304.93 2.96
Support 3 353.5 495.2 829.00 301.27 2.92

 Economic Reports, source: 

www.forexfactory.com

 

Date 4:01pm Currency Impact Detail Actual Forecast Previous Graph
TueOct 2  2:00am GBP
Nationwide HPI m/m
 0.2% -0.5%
3:00am EUR
Spanish Unemployment Change
 28.2K 47.0K
4:30am GBP
Construction PMI
 52.8 52.9
5:00am EUR
PPI m/m
 0.2% 0.4%
All Day EUR
ECOFIN Meetings
10:00am USD
FOMC Member Quarles Speaks
All Day USD
Total Vehicle Sales
 16.8M 16.7M
12:45pm USD
Fed Chair Powell Speaks
7:01pm GBP
BRC Shop Price Index y/y
 0.1%

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.

Trading Levels for 9.27.2018 + A look at Grains Report

Posted on by Ilan

____________________________________________________________________

Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

____________________________________________________________________

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!
Market Movers Video
Looking ahead to the September 28 Grain Stocks Report
What does building inflation potential mean for the grain markets?

In this video, Dave Hightower, Founding Principal of The Hightower Report, and Dan Basse, President of AgResource Company discuss this and more in their preview of the September 28Grain Stocks report. Are there signs that we’re stepping into a demand-led market?

  • USDA recently adjusted wheat and corn stocks down, but the new trend points USDA revising demand upward again.
  • Wheat stocks are projected at 935 million bushels for the 2018 and 2019 season, higher than normal – how will that impact pricing going forward?
69adddc1 caf6 4b29 8bb8 ad77bb3e9855

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

09-27-2018

 

Contract December 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2957.17 7735.50 26828 1737.53 6722.75
Resistance 2 2946.58 7701.75 26728 1728.47 6631.26
Resistance 1 2928.67 7645.00 26570 1711.13 6560.66
Pivot 2918.08 7611.25 26470 1702.07 6469.17
Support 1 2900.17 7554.50 26312 1684.73 6398.57
Support 2 2889.58 7520.75 26212 1675.67 6307.08
Support 3 2871.67 7464.00 26054 1658.33 6236.48
Contract December Gold #GC_F Dec. Silver #SI-F Nov. Crude Oil #CL-F Dec.  Bonds  #ZB_F Dec.  Euro #6E_F
Resistance 3 1218.2 14.72 73.37 141 27/32 1.1932
Resistance 2 1212.5 14.63 72.87 141 10/32 1.1904
Resistance 1 1205.9 14.51 72.46 141 1.1858
Pivot 1200.2 14.43 71.96 140 15/32 1.1830
Support 1 1193.6 14.31 71.55 140  5/32 1.1784
Support 2 1187.9 14.22 71.05 139 20/32 1.1756
Support 3 1181.3 14.10 70.64 139 10/32 1.1710
Contract Dec.  Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Nov. Nat Gas #NG_F
Resistance 3 368.3 534.3 861.58 315.27 3.13
Resistance 2 366.5 530.7 857.67 313.83 3.10
Resistance 1 364.8 524.1 853.83 312.37 3.04
Pivot 363.0 520.4 849.92 310.93 3.00
Support 1 361.3 513.8 846.1 309.5 2.9
Support 2 359.5 510.2 842.17 308.03 2.91
Support 3 357.8 503.6 838.33 306.57 2.85

Economic Reports, source: 

www.forexfactory.com

Date 4:10pm Currency Impact Detail Actual Forecast Previous Graph
ThuSep 27  2:00am EUR
German GfK Consumer Climate
 10.6 10.5
All Day EUR
German Prelim CPI m/m
 0.1% 0.1%
4:00am EUR
M3 Money Supply y/y
 3.8% 4.0%
EUR
ECB Economic Bulletin
EUR
Private Loans y/y
 3.1% 3.0%
Tentative EUR
Italian 10-y Bond Auction
 3.25|1.4
8:30am USD
Core Durable Goods Orders m/m
 0.4% 0.1%
USD
Final GDP q/q
 4.2% 4.2%
USD
Durable Goods Orders m/m
 1.9% -1.7%
USD
Final GDP Price Index q/q
 3.0% 3.0%
USD
Goods Trade Balance
 -70.6B -72.0B
USD
Prelim Wholesale Inventories m/m
 0.3% 0.6%
USD
Unemployment Claims
 208K 201K
9:30am EUR
ECB President Draghi Speaks
10:00am USD
Pending Home Sales m/m
 -0.2% -0.7%
10:30am USD
Natural Gas Storage
 64B 86B
4:30pm USD
Fed Chair Powell Speaks
7:01pm GBP
GfK Consumer Confidence
 -8 -7

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.

Trading Levels for 9.26.2018 + A look at Grains Report

Posted on by Ilan

____________________________________________________________________

Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

____________________________________________________________________

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!
FOMC Tomorrow.
We speculate there is over 90% chance the Fed will raise interest rates by 0.25% based on the Fed funds Futures contract.
FOMC days are quite different in their behavior:
** The FOMC interest rate decision is due at 2:00 ET in the US tomorrow. This is followed by the conference which will provide more clues ( volatility).
FOMC days have different characteristics than other trading days. If you have traded for a while, check your trading notes from past FOMC days that may help you prepare for tomorrow.
If you are a newcomer, take a more conservative approach and make sure you understand that the news can really move the market.
The following are suggestions on trading during FOMC days:
  • Reduce trading size
  • Be extra picky = no trade is better than a bad trade
  • Choose entry points wisely. Look at longer time frame support and resistance for entry. Take the approach of entering at points where you normally would have placed protective stops. Example, trader x looking to go long the mini SP at 2925.00 with a stop at 2919.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 2919.75 and place a stop a few points below in this hypothetical example ( consider current volatility along with support and resistance levels).
  • Expect the higher volatility during and right after the announcement
  • Expect to see some “vacuum” ( low volume, big zigzags) right before the number.
  • Consider using automated stops and limits attached to your entry order as the market can move very fast at times.
  • Know what the market was expecting, learn what came out and observe market reaction for clues
  • Be patient and be disciplined
  • If in doubt, stay out!!

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

09-26-2018

 

Contract December 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2947.08 7668.58 26855 1727.90 6841.00
Resistance 2 2940.67 7635.92 26780 1722.80 6723.06
Resistance 1 2931.08 7615.83 26652 1718.60 6563.76
Pivot 2924.67 7583.17 26577 1713.50 6445.82
Support 1 2915.08 7563.08 26449 1709.30 6286.52
Support 2 2908.67 7530.42 26374 1704.20 6168.58
Support 3 2899.08 7510.33 26246 1700.00 6009.28
Contract December Gold #GC_F Dec. Silver #SI-F Nov. Crude Oil #CL-F Dec.  Bonds  #ZB_F Dec.  Euro #6E_F
Resistance 3 1215.1 14.99 73.66 140 14/32 1.1936
Resistance 2 1211.5 14.79 73.22 140  7/32 1.1903
Resistance 1 1208.5 14.64 72.77 140  3/32 1.1874
Pivot 1204.9 14.45 72.33 139 28/32 1.1840
Support 1 1201.9 14.30 71.88 139 24/32 1.1811
Support 2 1198.3 14.10 71.44 139 17/32 1.1778
Support 3 1195.3 13.95 70.99 139 13/32 1.1749
Contract Dec.  Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F
Resistance 3 371.3 535.1 871.83 324.77 3.12
Resistance 2 367.8 530.4 864.92 320.53 3.09
Resistance 1 365.8 525.6 855.33 314.87 3.07
Pivot 362.3 520.9 848.42 310.63 3.04
Support 1 360.3 516.1 838.8 305.0 3.0
Support 2 356.8 511.4 831.92 300.73 2.99
Support 3 354.8 506.6 822.33 295.07 2.97

Economic Reports, source: 

www.forexfactory.com

 

Date 3:52pm Currency Impact Detail Actual Forecast Previous Graph
WedSep 26  4:30am GBP
High Street Lending
 39.7K 39.6K
6:00am GBP
CBI Realized Sales
 18 29
10:00am USD
New Home Sales
 630K 627K
10:30am USD
Crude Oil Inventories
 -0.7M -2.1M
2:00pm USD
FOMC Economic Projections
USD
FOMC Statement
USD
Federal Funds Rate
 <2.25% <2.00%
2:30pm USD
FOMC Press Conference

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.

Trading Levels for 9.25.2018 + Day-Trading Alerts

Posted on by Ilan

____________________________________________________________________

Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

____________________________________________________________________

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!
December is front month for most commodities.

Would you like to try a unique day-trading newsletter?

Day Trading Alerts and Newsletter via Email The Edge, daily trading signals newsletter FREE 3 months trial

A veteran client and trader once remarked “Just tell me WHICH market to trade on any specific day and WHAT direction and I can trade the heck out of it….” Well, the Edge by ExitPoints.com does exactly that. The ExitPoints EDGE email will let you know the night before what markets to focus on and which direction the market is expected to move. From that point you can more confidently create your trading plan and utilize your trading prowess to capture opportunities. (*Futures Trading is Risky)
The newsletter can also be used as “semi automated trading system” with specific rules you can apply, monitor and trade. You will receive the rules along with explanation upon signing up.
Complete the simple form below and you will receive the daily email within one business day. You will receive it for the next 3 months FREE! you can unsubscribe at any time and as always, you will have direct access to a Cannon Trading professional with any questions. Don’t wait… sign up NOW!

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

09-25-2018

 

Contract December 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2943.92 7738.25 26868 1735.90 7085.62
Resistance 2 2937.08 7663.00 26803 1726.60 6930.55
Resistance 1 2931.42 7624.25 26706 1718.00 6776.20
Pivot 2924.58 7549.00 26641 1708.70 6621.13
Support 1 2918.92 7510.25 26544 1700.10 6466.78
Support 2 2912.08 7435.00 26479 1690.80 6311.71
Support 3 2906.42 7396.25 26382 1682.20 6157.36
Contract December Gold #GC_F Dec. Silver #SI-F Nov. Crude Oil #CL-F Dec.  Bonds  #ZB_F Dec.  Euro #6E_F
Resistance 3 1218.8 14.60 74.54 141 1.1972
Resistance 2 1213.8 14.51 73.64 140 24/32 1.1933
Resistance 1 1208.6 14.40 72.94 140 14/32 1.1881
Pivot 1203.6 14.31 72.04 140  6/32 1.1841
Support 1 1198.4 14.20 71.34 139 28/32 1.1789
Support 2 1193.4 14.11 70.44 139 20/32 1.1750
Support 3 1188.2 14.00 69.74 139 10/32 1.1698
Contract Dec.  Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F
Resistance 3 368.7 538.8 850.92 312.57 3.15
Resistance 2 365.3 535.0 840.83 311.03 3.10
Resistance 1 362.9 531.0 835.42 309.27 3.07
Pivot 359.6 527.3 825.33 307.73 3.01
Support 1 357.2 523.3 819.9 306.0 3.0
Support 2 353.8 519.5 809.83 304.43 2.92
Support 3 351.4 515.5 804.42 302.67 2.89

Economic Reports, source: 

www.forexfactory.com

Date 4:00pm Currency Impact Detail Actual Forecast Previous Graph
TueSep 25  2:00am EUR
German WPI m/m
 0.2% 0.0%
4:40am GBP
MPC Member Vlieghe Speaks
9:00am USD
HPI m/m
 0.2% 0.2%
USD
S&P/CS Composite-20 HPI y/y
 6.2% 6.3%
10:00am USD
CB Consumer Confidence
 132.2 133.4
USD
Richmond Manufacturing Index
 22 24

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.

Trading Levels for 9.21.18 & Quadruple witching tomorrow!

Posted on by Ilan

____________________________________________________________________

Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

____________________________________________________________________

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!
Quadruple witching tomorrow!

We are making new highs on stock indices.

Trade with confidence, Trade with a plan, Trade with discipline!

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

09-21-2018

 

Contract December 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2975.42 7741.17 27088 1750.30 6545.46
Resistance 2 2958.08 7677.33 26911 1738.60 6497.48
Resistance 1 2947.92 7641.67 26812 1732.60 6463.77
Pivot 2930.58 7577.83 26635 1720.90 6415.79
Support 1 2920.42 7542.17 26536 1714.90 6382.08
Support 2 2903.08 7478.33 26359 1703.20 6334.10
Support 3 2892.92 7442.67 26260 1697.20 6300.39
Contract December Gold #GC_F Dec. Silver #SI-F Nov. Crude Oil #CL-F Dec.  Bonds  #ZB_F Dec.  Euro #6E_F
Resistance 3 1223.3 14.60 72.29 141 19/32 1.2018
Resistance 2 1218.3 14.49 71.82 141  3/32 1.1941
Resistance 1 1215.2 14.42 70.97 140 24/32 1.1901
Pivot 1210.2 14.32 70.50 140  8/32 1.1824
Support 1 1207.1 14.25 69.65 139 29/32 1.1784
Support 2 1202.1 14.14 69.18 139 13/32 1.1707
Support 3 1199.0 14.07 68.33 139  2/32 1.1667
Contract Dec.  Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F
Resistance 3 367.4 537.6 891.50 327.00 3.11
Resistance 2 361.8 531.7 873.25 321.40 3.05
Resistance 1 357.2 527.8 861.75 317.90 3.01
Pivot 351.6 521.9 843.50 312.30 2.95
Support 1 346.9 518.1 832.0 308.8 2.9
Support 2 341.3 512.2 813.75 303.20 2.84
Support 3 336.7 508.3 802.25 299.70 2.80

Economic Reports, source: 

www.forexfactory.com

 

Date 4:11pm Currency Impact Detail Actual Forecast Previous Graph
FriSep 21  3:15am EUR
French Flash Manufacturing PMI
 53.3 53.5
EUR
French Flash Services PMI
 55.2 55.4
3:30am EUR
German Flash Manufacturing PMI
 55.7 55.9
EUR
German Flash Services PMI
 55.1 55.0
4:00am EUR
Flash Manufacturing PMI
 54.4 54.4
EUR
Flash Services PMI
 54.5 54.5
4:30am GBP
Public Sector Net Borrowing
 2.9B -2.9B
7:00am GBP
BOE Quarterly Bulletin
9:45am USD
Flash Manufacturing PMI
 55.1 54.7
USD
Flash Services PMI
 54.9 54.8

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.

Trading Levels for 9.20.18 & Top 50 Trading Rules

Posted on by Ilan

____________________________________________________________________

Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

____________________________________________________________________

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!

Top 50 Trading Rules: The Most Common Pitfalls To Avoid When Trading Commodity Futures

Five hundred experienced futures brokers were asked what caused most futures traders to lose money. Their answers reflected the trading experience of more than 10,000 futures traders. You may recognize some of your strengths and weaknesses. Many of the reasons given are very similar from broker to broker. The repetitions stand to demonstrate that, alas, many futures traders lose money for many of the same reasons. Perhaps the statements of these experienced brokers can help you in the sometimes fickle, often intricate, and always interesting marketplace of futures trading.
Here is what they said. 
1. Many futures traders trade without a plan. They do not define specific risk and profit objectives before trading. Even if they establish a plan, they “second guess” it and don’t stick to it, particularly if the trade is a loss. Consequently, they overtrade and use their equity to the limit (are undercapitalized), which puts them in a squeeze and forces them to liquidate positions. Usually, they liquidate the good trades and keep the bad ones.
2. Many traders don’t realize the news they hear and read has, in many cases, already been discounted by the market.Download the PDF and find out what they said.

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

09-20-2018

 

Contract December 2018 SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2933.42 7631.00 26787 1741.20 6978.35
Resistance 2 2926.08 7588.50 26645 1732.70 6745.93
Resistance 1 2920.42 7555.75 26548 1720.30 6575.77
Pivot 2913.08 7513.25 26406 1711.80 6343.35
Support 1 2907.42 7480.50 26309 1699.40 6173.19
Support 2 2900.08 7438.00 26167 1690.90 5940.77
Support 3 2894.42 7405.25 26070 1678.50 5770.61
           
Contract December Gold #GC_F Dec. Silver #SI-F Nov. Crude Oil #CL-F Dec.  Bonds  #ZB_F Dec.  Euro #6E_F
Resistance 3 1220.8 14.57 72.73 141 20/32 1.1857
Resistance 2 1215.9 14.47 71.78 141  6/32 1.1827
Resistance 1 1212.0 14.37 71.27 140 20/32 1.1791
Pivot 1207.1 14.27 70.32 140  6/32 1.1761
Support 1 1203.2 14.17 69.81 139 20/32 1.1725
Support 2 1198.3 14.07 68.86 139  6/32 1.1695
Support 3 1194.4 13.97 68.35 138 20/32 1.1659
           
Contract Dec.  Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F
Resistance 3 351.1 535.4 850.92 317.73 2.98
Resistance 2 348.9 529.3 840.83 313.87 2.96
Resistance 1 347.3 525.9 835.42 311.53 2.93
Pivot 345.2 519.8 825.33 307.67 2.92
Support 1 343.6 516.4 819.9 305.3 2.9
Support 2 341.4 510.3 809.83 301.47 2.87
Support 3 339.8 506.9 804.42 299.13 2.84

Economic Reports, source: 

www.forexfactory.com

Date 3:22pm Currency Impact Detail Actual Forecast Previous Graph
ThuSep 20  4:30am GBP
Retail Sales m/m
 -0.2% 0.7%
Tentative EUR
Spanish 10-y Bond Auction
 1.43|1.4
Tentative GBP
10-y Bond Auction
 1.46|2.2
8:30am USD
Philly Fed Manufacturing Index
 17.5 11.9
USD
Unemployment Claims
 210K 204K
10:00am EUR
Consumer Confidence
 -2 -2
USD
CB Leading Index m/m
 0.5% 0.6%
USD
Existing Home Sales
 5.36M 5.34M
10:30am USD
Natural Gas Storage
 81B 69B
11:15am EUR
German Buba President Weidmann Speaks

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.

Trading Levels for 9.19.18

Posted on by Ilan

____________________________________________________________________

Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

____________________________________________________________________

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!
Commitments of Traders: What are the Big Boys Up To? 
By Jim Wyckoff
I have discussed in past articles how volume and open interest can be used to help identify and confirm market situations and trading opportunities. I’ll take open interest one step farther in this column by examining the Commitments of Traders (C.O.T.) report, issued by the Commodity Futures Trading Commission (CFTC).
The C.O.T. report is released bi-weekly–every other Friday afternoon. There is also a C.O.T. report issued on the following Mondays that includes futures and options data. However, this report is not as closely followed as the Friday afternoon report that covers only futures, because the combined futures and options report has less history.
What is most important for the individual trader (you)…. click here to read more

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

09-19-2018

 

Contract December 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2958.58 7725.08 26797 1741.57 6539.09
Resistance 2 2938.17 7644.67 26577 1731.13 6461.00
Resistance 1 2924.33 7583.08 26431 1723.57 6383.63
Pivot 2903.92 7502.67 26211 1713.13 6305.54
Support 1 2890.08 7441.08 26065 1705.57 6228.17
Support 2 2869.67 7360.67 25845 1695.13 6150.08
Support 3 2855.83 7299.08 25699 1687.57 6072.71
Contract December Gold #GC_F Dec. Silver #SI-F Oct. Crude Oil #CL-F Dec.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1215.3 14.42 72.57 142 28/32 1.1867
Resistance 2 1211.7 14.34 71.49 142 14/32 1.1837
Resistance 1 1207.4 14.26 70.68 141 17/32 1.1794
Pivot 1203.8 14.18 69.60 141  3/32 1.1764
Support 1 1199.5 14.10 68.79 140  6/32 1.1720
Support 2 1195.9 14.02 67.71 139 24/32 1.1690
Support 3 1191.6 13.94 66.90 138 27/32 1.1647
Contract Dec.  Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F
Resistance 3 350.5 520.7 827.17 309.57 3.09
Resistance 2 348.8 517.3 823.83 307.63 3.02
Resistance 1 346.0 513.9 818.92 305.47 2.97
Pivot 344.3 510.6 815.58 303.53 2.89
Support 1 341.5 507.2 810.7 301.4 2.8
Support 2 339.8 503.8 807.33 299.43 2.76
Support 3 337.0 500.4 802.42 297.27 2.72

Economic Reports, source: 

www.forexfactory.com

Date 3:39pm Currency Impact Detail Actual Forecast Previous Graph
WedSep 19 4:00am EUR
Current Account
 22.4B 23.5B
GBP
MPC Member Haldane Speaks
4:30am GBP
CPI y/y
 2.4% 2.5%
GBP
PPI Input m/m
 0.4% 0.5%
GBP
RPI y/y
 3.2% 3.2%
GBP
Core CPI y/y
 1.8% 1.9%
GBP
HPI y/y
 2.8% 3.0%
GBP
PPI Output m/m
 0.2% 0.0%
Tentative EUR
German 10-y Bond Auction
 0.33|1.2
8:30am USD
Building Permits
 1.31M 1.31M
USD
Housing Starts
 1.24M 1.17M
USD
Current Account
 -104B -124B
9:00am EUR
ECB President Draghi Speaks
10:30am USD
Crude Oil Inventories
 -2.7M -5.3M

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.

Trading Levels for 9.18.18

Posted on by Ilan

____________________________________________________________________

Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

____________________________________________________________________

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!
Start trading December indices, eminis, and currencies along with financials and most metals.
Any questions on which month you need to trade, please feel free to contact us.

 Educational Videos

by: Cannon Trading Brokers
Cannon Trading is happy to share with you a few videos focusing on trading techniques, ideas and tools you can add to your trading arsenal. In this week’s newsletter we are sharing the following 3 videos, about 5 minutes each, ready for immediate viewing on the following topics:
1. Identifying Support And Resistance Using A Line Chart.
2. Finding Levels of Support Resistance
3. Day Trading crude oil futures using fear and greed….

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

09-18-2018

 

Contract December 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2927.25 7659.00 26359 1746.27 6837.39
Resistance 2 2919.25 7617.00 26290 1737.63 6709.18
Resistance 1 2908.25 7542.00 26204 1724.17 6476.78
Pivot 2900.25 7500.00 26135 1715.53 6348.57
Support 1 2889.25 7425.00 26049 1702.07 6116.17
Support 2 2881.25 7383.00 25980 1693.43 5987.96
Support 3 2870.25 7308.00 25894 1679.97 5755.56
Contract December Gold #GC_F Dec. Silver #SI-F Oct. Crude Oil #CL-F Dec.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1223.0 14.53 70.65 142 22/32 1.1879
Resistance 2 1216.4 14.41 70.19 142  9/32 1.1830
Resistance 1 1210.8 14.31 69.46 142  1/32 1.1798
Pivot 1204.2 14.19 69.00 141 20/32 1.1749
Support 1 1198.6 14.09 68.27 141 12/32 1.1718
Support 2 1192.0 13.97 67.81 140 31/32 1.1669
Support 3 1186.4 13.87 67.08 140 23/32 1.1637
Contract Dec.  Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F
Resistance 3 351.8 523.1 836.58 311.30 2.90
Resistance 2 351.0 519.4 833.17 309.90 2.86
Resistance 1 349.5 512.8 828.33 307.80 2.84
Pivot 348.8 509.2 824.92 306.40 2.81
Support 1 347.3 502.6 820.1 304.3 2.8
Support 2 346.5 498.9 816.67 302.90 2.75
Support 3 345.0 492.3 811.83 300.80 2.72

Economic Reports, source: 

www.forexfactory.com

Date 4:21pm Currency Impact Detail Actual Forecast Previous Graph
TueSep 18  3:15am EUR
ECB President Draghi Speaks
10:00am USD
NAHB Housing Market Index
 66 67
4:00pm USD
TIC Long-Term Purchases
 65.1B -36.5B

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.

RISK DISCLOSURE: Past results are not necessarily indicative of future results. The risk of loss in futures trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.