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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.


Good Friday Trading Schedule & Support and Resistance Levels 4.02.2021

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

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Dear Traders,

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Good Friday this week. A bit different than most Good Fridays:
Heads up: usually, on Good Friday, ALL markets are closed. One of the few holidays when that happens. This year with NFP report ( unemployment) taking place on Good Friday, April 2nd, the CME modified the schedule and equity index futures, currency futures (Bitcoin included) and rate futures will be open for a limited amount of time to allow for hedging/ risk etc., see below:

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.

 

Futures Trading Levels

4-02-2021

Economic Reports, source: 

 www.BetterTrader.co

 

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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Good Friday Holiday Trading Schedule & Support and Resistance Levels 4.01.2021

_________________________________________________

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!
Get Real Time updates and more on our private FB group!
Good Friday this week. A bit different than most Good Fridays:
Heads up: usually, on Good Friday, ALL markets are closed. One of the few holidays when that happens. This year with NFP report ( unemployment) taking place on Good Friday, April 2nd, the CME modified the schedule and equity index futures, currency futures (Bitcoin included) and rate futures will be open for a limited amount of time to allow for hedging/ risk etc., see below:

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.

 

Futures Trading Levels

4-01-2021

Economic Reports, source: 

 www.BetterTrader.co

 

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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Good Friday Trading Schedule + Dollar Index Chart Review & Support and Resistance Levels 3.31.2021

_________________________________________________

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!
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Last trading day of the month is tomorrow. The trading day is also FULL of reports. Be ready, know when reports are out. I use a tool I really like, called BetterTrader.co Free trial available.
Good Friday this week. A bit different than most Good Fridays:
Heads up: usually, on Good Friday, ALL markets are closed. One of the few holidays when that happens. This year with NFP report ( unemployment) taking place on Good Friday, April 2nd, the CME modified the schedule and equity index futures, currency futures (Bitcoin included) and rate futures will be open for a limited amount of time to allow for hedging/ risk etc., see below:
Dollar Index Chart for your review below. The DX has been a driving force behind moves in many commodities as most commodity futures are US$ based.
To access a free trial to the ALGOS shown in the chart along with other tools? (Slanted arrows possible buy, pink squares = possible exit/ tighten stops) visit and sign up for a free trial for 21 days with real-time data.

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.

 

Futures Trading Levels

3-31-2021

Economic Reports, source: 

 www.BetterTrader.co

 

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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Good Friday 2021 Holiday Schedule for CME / Globex and ICE Exchange

Good Friday 2021 Holiday Schedule for CME / Globex and ICE Exchange

*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® Good Friday 2021 Holiday Schedule for CME / Globex and ICE Exchange

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

ICE Futures Good Friday 2021 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.

Posted in: Future Trading News  

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EMini Dow (YM) Chart Review & Support and Resistance Levels 3.30.2020

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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!
Get Real Time updates and more on our private FB group!
Friday and today we saw “extra erratic” behavior in stock index futures.
Some attribute this to the liquidation of hedge funds on the equities side.
Others voiced their opinion to me that while in points the moves are erratic, if you translate the moves into PERCENT % of change, it is not too much different than a 18 months ago or so…we are simply trading much higher so the same % move equals more in terms of points.
Either way, for me personally it has been tough to read the markets as of lately, especially the indices. Couple of things that have helped are: using the MICROS so I can place stops/ entries and targets based on the chart and NOT my fear index. The other is diversifying with other markets, for example my read with 30 yr bonds and crude oil have been better.( I also started using the mini crude with some clients pending account size for the same reason above: “reduce the heart attack index”) . Last but not least, I PERSONALLY found out that with recent volatility the Emini Dow YM or MYM ( micro Dow) as well as the RTY and M2K ( mini and micro Russell) have been easier for me to read than trying to make sense of ES and NQ.
30 minutes chart of the Emini Dow YM below for illustration of the above comments.

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.

 

Futures Trading Levels

3-30-2021

Economic Reports, source: 

 www.BetterTrader.co

 

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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