Support & Resistance Levels Daily 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.


Commitment of Traders report + Trading Levels for 10.10.2018

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Dear Traders,

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Trading 102: Commitment of Traders Report – What Lies beneath

In this 24 page PDF booklet, Gary Kamen of Trends in Futures reviews the commitment of traders report, what it means, how traders can utilize it and much more.
Sign up and instantly download the booklet and learn about:

* History of the COT report
* Why is this report important?
* The new COT report
* How can you use the information in this report?
* And much 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

10-10-2018

 

Contract December 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2924.17 7566.58 26785 1654.60 6676.81
Resistance 2 2912.08 7511.17 26674 1648.00 6646.29
Resistance 1 2898.67 7447.83 26560 1636.70 6614.35
Pivot 2886.58 7392.42 26449 1630.10 6583.83
Support 1 2873.17 7329.08 26335 1618.80 6551.89
Support 2 2861.08 7273.67 26224 1612.20 6521.37
Support 3 2847.67 7210.33 26110 1600.90 6489.43
Contract December Gold #GC_F Dec. Silver #SI-F Nov. Crude Oil #CL-F Dec.  Bonds  #ZB_F Dec.  Euro #6E_F
Resistance 3 1206.4 14.69 76.70 138 29/32 1.1657
Resistance 2 1201.1 14.58 75.99 138 11/32 1.1611
Resistance 1 1197.2 14.50 75.42 138  3/32 1.1585
Pivot 1191.9 14.39 74.71 137 17/32 1.1539
Support 1 1188.0 14.32 74.14 137  9/32 1.1513
Support 2 1182.7 14.21 73.43 136 23/32 1.1467
Support 3 1178.8 14.13 72.86 136 15/32 1.1441
Contract Dec.  Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Nov. Nat Gas #NG_F
Resistance 3 371.3 525.5 878.00 323.57 3.48
Resistance 2 369.7 523.0 873.50 321.73 3.43
Resistance 1 367.1 519.0 868.25 319.77 3.35
Pivot 365.4 516.5 863.75 317.93 3.30
Support 1 362.8 512.5 858.5 316.0 3.2
Support 2 361.2 510.0 854.00 314.13 3.16
Support 3 358.6 506.0 848.75 312.17 3.09

Economic Reports, source: 

www.forexfactory.com

 

Date 4:25pm Currency Impact Detail Actual Forecast Previous Graph
WedOct 10 2:45am EUR
French Industrial Production m/m
0.1% 0.7%
4:00am EUR
Italian Industrial Production m/m
0.7% -1.8%
4:30am GBP
GDP m/m
0.1% 0.3%
GBP
Manufacturing Production m/m
0.1% -0.2%
GBP
Construction Output m/m
-0.4% 0.5%
GBP
Goods Trade Balance
-10.9B -10.0B
GBP
Index of Services 3m/3m
0.6% 0.6%
GBP
Industrial Production m/m
0.1% 0.1%
5:00am GBP
MPC Member Haldane Speaks
Tentative EUR
German 10-y Bond Auction
0.49|2.5
Tentative GBP
NIESR GDP Estimate
0.6%
8:30am USD
PPI m/m
0.2% -0.1%
USD
Core PPI m/m
0.2% -0.1%
10:00am USD
Final Wholesale Inventories m/m
0.8% 0.8%
1:01pm USD
10-y Bond Auction
2.96|2.6
Tentative USD
Treasury Currency Report
6:00pm USD
FOMC Member Bostic Speaks
7:01pm GBP
RICS House Price Balance
2% 2%
Day 1 All
G20 Meetings

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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NFP tomorrow + Trading Levels for 10.05.2018

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NFP – Non Farm Payrolls report is due tomorrow at 8:30 Am EST. This is  market moving report. I personally like to look for breakouts, retracements and then a signal that the first brekaout was valid and go with that direction but obviously this is just a general frame and the actual trading is much riskier / complicated than that.
What is NFP? Non-Farm Payrolls ( credit: www.nasdaq.com )
The US economic calendar is stacked with many events throughout the month but none is more anticipated that the release of Non-Farm Payroll figures. Non-Farm Payrolls also known as NFP, is reported monthly by the US Bureau of Labor Statistics to give a timely glimpse into employment changes inside of the United States. Ultimately this report can give traders insight into whether the US economy is expanding or contracting while directly influences the decisions of policy makers such as the US Federal Reserve. With this in mind let’s take a closer at this news event, so we can better understand NFP and its potential impact on marks.
First, NFP looks specifically at net changes in employment as jobs are created or subtracted in an economy in any given month. The term Non-Farm is used since farm / agricultural workers are not included in the employment count. The decision to not include agricultural jobs lies in these jobs being largely seasonal that could possibly produce small temporary shifts in labor reporting. For this reason certain government employees, private household employees and nonprofit organization are also not included in the count.
NFP reports affect interest rate futures, forex futures, indices, metals and even the energy sector to name some of the markets moved by this report.
Plan your trade, trade your plan and stay nimble along the way……

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

10-05-2018

 

Contract December 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2965.25 7822.67 27182 1699.80 6812.99
Resistance 2 2945.75 7736.83 27007 1687.80 6704.88
Resistance 1 2926.75 7628.17 26833 1669.50 6637.76
Pivot 2907.25 7542.33 26658 1657.50 6529.65
Support 1 2888.25 7433.67 26484 1639.20 6462.53
Support 2 2868.75 7347.83 26309 1627.20 6354.42
Support 3 2849.75 7239.17 26135 1608.90 6287.30
Contract December Gold #GC_F Dec. Silver #SI-F Nov. Crude Oil #CL-F Dec.  Bonds  #ZB_F Dec.  Euro #6E_F
Resistance 3 1220.6 15.00 78.64 138 26/32 1.1694
Resistance 2 1215.6 14.90 77.56 138 18/32 1.1650
Resistance 1 1209.5 14.76 76.05 138  8/32 1.1614
Pivot 1204.5 14.66 74.97 138 1.1570
Support 1 1198.4 14.51 73.46 137 22/32 1.1534
Support 2 1193.4 14.41 72.38 137 14/32 1.1490
Support 3 1187.3 14.27 70.87 137  4/32 1.1454
Contract Dec.  Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Nov. Nat Gas #NG_F
Resistance 3 371.5 528.3 875.67 319.33 3.37
Resistance 2 370.0 524.5 872.08 317.27 3.31
Resistance 1 368.8 521.3 865.67 314.73 3.25
Pivot 367.3 517.5 862.08 312.67 3.19
Support 1 366.0 514.3 855.7 310.1 3.1
Support 2 364.5 510.5 852.08 308.07 3.07
Support 3 363.3 507.3 845.67 305.53 3.00

Economic Reports, source: 

www.forexfactory.com

 

Date 3:39pm Currency Impact Detail Actual Forecast Previous Graph
FriOct 5  2:00am EUR
German Factory Orders m/m
0.7% -0.9%
EUR
German PPI m/m
0.2% 0.2%
2:45am EUR
French Gov Budget Balance
-82.8B
EUR
French Trade Balance
-4.5B -3.5B
3:30am GBP
Halifax HPI m/m
0.2% 0.1%
4:00am EUR
Italian Retail Sales m/m
0.2% -0.1%
8:30am USD
Average Hourly Earnings m/m
0.3% 0.4%
USD
Non-Farm Employment Change
185K 201K
USD
Unemployment Rate
3.8% 3.9%
USD
Trade Balance
-53.4B -50.1B
12:40pm USD
FOMC Member Bostic Speaks
3:00pm USD
Consumer Credit m/m
14.9B 16.6B

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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Trading Levels for 10.04.2018

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Dear Traders,

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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.

Posted in: Future Trading News  

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Trading Levels for 10.03.2018 + Survivor DayTrading

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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.

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.

Posted in: Future Trading News  

-


Trading Levels for 10.02.2018 + FN, LT days for October

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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.

Posted in: Future Trading News  

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