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

Free eBook+Support & Resistance Levels 6.29.2018

Posted on by Ilan

____________________________________________________________________

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

____________________________________________________________________

Dear Traders,

Like us on Facebook!
Tomorrow is the last trading day for 2nd quarter of 2018! Be aware not just in stock indices but in other markets as well where the last trading day of the month is sometimes more volatile.
 Cannon Trading’s  eBook! Written by our very own staff of brokers, this eBook is designed as a guide to the commodities market for both beginners and veterans alike. Inside you can find:
  • A plan with steps for success
  • The top mistakes traders make daily
  • How to handle the market noise
  • And much more!
The futures industry is complex and risky, which is why you need someone to be forthright with you….
image005

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

06-29-2018

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2764.75 7223.67 24657 1676.77 6269.38
Resistance 2 2745.50 7150.08 24476 1664.53 6223.27
Resistance 1 2731.75 7103.17 24340 1656.97 6144.21
Pivot 2712.50 7029.58 24159 1644.73 6098.10
Support 1 2698.75 6982.67 24023 1637.17 6019.04
Support 2 2679.50 6909.08 23842 1624.93 5972.93
Support 3 2665.75 6862.17 23706 1617.37 5893.87
Contract August Gold #GC_F Sept. Silver #SI-F Aug. Crude Oil #CL-F Sept.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1263.2 16.39 76.00 145 26/32 1.1745
Resistance 2 1259.5 16.29 75.01 145 18/32 1.1707
Resistance 1 1254.6 16.17 74.17 145 12/32 1.1670
Pivot 1250.9 16.07 73.18 145  4/32 1.1632
Support 1 1246.0 15.95 72.34 144 30/32 1.1596
Support 2 1242.3 15.85 71.35 144 22/32 1.1558
Support 3 1237.4 15.73 70.51 144 16/32 1.1521
Contract Dec.  Corn #ZC_F Sept. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Aug. Nat Gas #NG_F
Resistance 3 357.8 499.9 900.33 337.27 3.10
Resistance 2 355.2 496.3 896.17 335.63 3.06
Resistance 1 350.1 489.9 889.83 333.47 3.01
Pivot 347.4 486.3 885.67 331.83 2.97
Support 1 342.3 479.9 879.3 329.7 2.9
Support 2 339.7 476.3 875.17 328.03 2.88
Support 3 334.6 469.9 868.83 325.87 2.82

Economic Reports, source: 

http://app.bettertrader.co 

 

0c2a9d7c 660e 4148 b1ab 1f151e0846ff

 

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.

OPEC Cuts & Levels for June 28th 2018

Posted on by Ilan

____________________________________________________________________

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

____________________________________________________________________

Dear Traders,

Like us on Facebook!
OPEC Decides to Raise Output: How Will U.S. Shale React? By Blu Putnam, Chief Economist, CME Group
Video Highlights
  • Post-OPEC price gains to encourage increased shale production
  • Production constraints could delay arrival of much of the shale oil until 2019
  • Fledgling trade war could put U.S. oil exports to China at risk
  • Expect more oil volatility post-OPEC, emerging trade wars

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

06-28-2018

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2781.33 7263.50 24920 1698.00 6365.59
Resistance 2 2764.67 7207.50 24742 1686.90 6262.95
Resistance 1 2734.33 7100.00 24435 1665.60 6201.56
Pivot 2717.67 7044.00 24257 1654.50 6098.92
Support 1 2687.33 6936.50 23950 1633.20 6037.53
Support 2 2670.67 6880.50 23772 1622.10 5934.89
Support 3 2640.33 6773.00 23465 1600.80 5873.50
Contract August Gold #GC_F July Silver #SI-F Aug. Crude Oil #CL-F Sept.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1269.2 16.65 75.95 146 10/32 1.1841
Resistance 2 1265.5 16.51 74.50 145 27/32 1.1793
Resistance 1 1259.5 16.31 73.45 145 17/32 1.1708
Pivot 1255.8 16.17 72.00 145  2/32 1.1660
Support 1 1249.8 15.97 70.95 144 24/32 1.1575
Support 2 1246.1 15.83 69.50 144  9/32 1.1527
Support 3 1240.1 15.63 68.45 143 31/32 1.1442
Contract July  Corn #ZC_F Sept. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F July Nat Gas #NG_F
Resistance 3 359.8 497.8 905.83 341.60 3.06
Resistance 2 358.2 495.0 901.67 339.10 3.03
Resistance 1 355.3 491.8 895.33 335.30 3.01
Pivot 353.7 489.0 891.17 332.80 2.97
Support 1 350.8 485.8 884.8 329.0 3.0
Support 2 349.2 483.0 880.67 326.50 2.92
Support 3 346.3 479.8 874.33 322.70 2.89

Economic Reports, source: 

http://app.bettertrader.co 

 

4a7562fe 8742 4143 9c1b 72e022738518

 

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.

Independence Day 2018 Holiday Schedule for CME / Globex and ICE Exchange

Posted on by Ilan

Independence Day 2018 Holiday Schedule for CME / Globex and ICE Exchange

fc13d0aa b69f 4740 b9c2 f55be8d489af

*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®  Independence Day 2018 Holiday Schedule

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

Ice Futures Independence Day 2018 Holiday Trading Schedule

Detailed holiday hours: 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.

Crude Oil daily chart +Support & Resistance Levels 6.27.2018

Posted on by Ilan

____________________________________________________________________

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

____________________________________________________________________

Dear Traders,

Like us on Facebook!
Crude oil……leading the way in volatility, volume and more!
In my opinion a good market for day-trading:
Recent article:
Daily chart for your review:
091e2eed ed65 464b af8e 4cdfee520921

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

06-27-2018

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2758.08 7231.83 24538 1702.73 6402.19
Resistance 2 2746.67 7180.92 24457 1690.27 6337.71
Resistance 1 2737.58 7142.33 24379 1682.53 6260.52
Pivot 2726.17 7091.42 24298 1670.07 6196.04
Support 1 2717.08 7052.83 24220 1662.33 6118.85
Support 2 2705.67 7001.92 24139 1649.87 6054.37
Support 3 2696.58 6963.33 24061 1642.13 5977.18
Contract August Gold #GC_F July Silver #SI-F Aug. Crude Oil #CL-F Sept.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1280.7 16.66 74.46 145 1.1863
Resistance 2 1275.0 16.55 72.55 144 24/32 1.1829
Resistance 1 1267.7 16.45 71.54 144 17/32 1.1776
Pivot 1262.0 16.34 69.63 144  9/32 1.1742
Support 1 1254.7 16.24 68.62 144  2/32 1.1689
Support 2 1249.0 16.13 66.71 143 26/32 1.1655
Support 3 1241.7 16.03 65.70 143 19/32 1.1602
Contract July  Corn #ZC_F Sept. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F July Nat Gas #NG_F
Resistance 3 363.5 508.3 915.42 341.87 3.00
Resistance 2 359.5 502.2 907.83 339.13 2.97
Resistance 1 356.0 492.6 897.67 335.87 2.96
Pivot 352.0 486.4 890.08 333.13 2.93
Support 1 348.5 476.8 879.9 329.9 2.9
Support 2 344.5 470.7 872.33 327.13 2.89
Support 3 341.0 461.1 862.17 323.87 2.88

Economic Reports, source: 

http://app.bettertrader.co 

4ffffe97 34ba 4d9d 8824 f2cd64936f5d

 

 

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.

NQ daily chart +Support & Resistance Levels 6.26.2018

Posted on by Ilan

____________________________________________________________________

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

____________________________________________________________________

Dear Traders,

Like us on FaceBook!
Strong sell off on Wall St. today with Trade War cited as main reason.
A bit more insight into the techincal picture is included below with a daily chart of the mini NASDAQ 100 for your review:
c9503b1d 48b1 4494 9824 8e6d3db9a6db
Would you like to get access to the indicators/ALGOS like the arrow you see in the chart above which was a “sell suggestion” on June 21st ?
These ALGOS along with a 15 minutes one on one session is available for a free trial.

To sign up and more info visit: https://www.cannontrading.com/tools/intraday-futures-trading-signals  

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

06-26-2018

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2813.58 7451.33 25098 1744.67 6891.58
Resistance 2 2799.42 7404.92 24947 1732.73 6839.48
Resistance 1 2775.33 7319.08 24706 1713.07 6781.63
Pivot 2761.17 7272.67 24555 1701.13 6729.53
Support 1 2737.08 7186.83 24314 1681.47 6671.68
Support 2 2722.92 7140.42 24163 1669.53 6619.58
Support 3 2698.83 7054.58 23922 1649.87 6561.73
Contract August Gold #GC_F July Silver #SI-F Aug. Crude Oil #CL-F Sept.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1283.4 16.55 68.46 144 25/32 1.1859
Resistance 2 1277.9 16.46 67.34 144 15/32 1.1784
Resistance 1 1273.5 16.38 66.58 144  6/32 1.1732
Pivot 1268.0 16.29 65.46 143 28/32 1.1657
Support 1 1263.6 16.21 64.70 143 19/32 1.1606
Support 2 1258.1 16.12 63.58 143  9/32 1.1531
Support 3 1253.7 16.04 62.82 143 1.1479
Contract July  Corn #ZC_F Sept. Wheat #ZW_F July Beans #ZS_F July SoyMeal #ZM_F July Nat Gas #NG_F
Resistance 3 364.7 505.8 895.33 340.83 3.08
Resistance 2 361.8 502.3 892.17 338.47 3.05
Resistance 1 359.4 498.8 886.33 335.13 3.01
Pivot 356.6 495.3 883.17 332.77 2.98
Support 1 354.2 491.8 877.3 329.4 2.9
Support 2 351.3 488.3 874.17 327.07 2.92
Support 3 348.9 484.8 868.33 323.73 2.88

Economic Reports, source: 

http://app.bettertrader.co 

 

7d002cab a270 447c ad7b 25eb8ca39ccf

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.

Benefits of trading with a broker +Support & Resistance Levels 6.22.2018

Posted on by Ilan

____________________________________________________________________

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

____________________________________________________________________

Dear Traders,

Most traders nowadays trade online utilizing what we call self directed, online trading.
However, some traders may benefit from a service called broker assisted trading
Traders who are not able to watch the screen all day, traders who are swing or longer term traders, traders who sell options are just some examples of clients who may benefit from working one on one with a broker.
The broker can alert the client for diff. price levels, developments and be a second pair of eyes as well as another voice to reason with and consult with.
You can read more on this type of service at:
And you can also read the following 2 reviews by broker assisted clients:

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

06-22-2018

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2801.25 7461.33 25029 1737.83 7109.66
Resistance 2 2789.75 7398.92 24944 1725.87 6961.28
Resistance 1 2780.25 7351.58 24803 1718.83 6857.81
Pivot 2768.75 7289.17 24718 1706.87 6709.43
Support 1 2759.25 7241.83 24577 1699.83 6605.96
Support 2 2747.75 7179.42 24492 1687.87 6457.58
Support 3 2738.25 7132.08 24351 1680.83 6354.11
Contract August Gold #GC_F July Silver #SI-F Aug. Crude Oil #CL-F Sept.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1284.9 16.48 67.89 144 27/32 1.1749
Resistance 2 1281.7 16.43 67.12 144 19/32 1.1713
Resistance 1 1276.7 16.36 66.33 143 31/32 1.1685
Pivot 1273.5 16.31 65.56 143 23/32 1.1649
Support 1 1268.5 16.24 64.77 143  3/32 1.1622
Support 2 1265.3 16.19 64.00 142 27/32 1.1586
Support 3 1260.3 16.12 63.21 142  7/32 1.1558
Contract July  Corn #ZC_F July Wheat #ZW_F July Beans #ZS_F July SoyMeal #ZM_F July Nat Gas #NG_F
Resistance 3 367.0 509.2 917.00 348.10 3.04
Resistance 2 361.8 499.6 906.50 343.00 3.01
Resistance 1 358.0 493.9 898.00 338.10 2.98
Pivot 352.8 484.3 887.50 333.00 2.95
Support 1 349.0 478.7 879.0 328.1 2.9
Support 2 343.8 469.1 868.50 323.00 2.89
Support 3 340.0 463.4 860.00 318.10 2.87

Economic Reports, source: 

http://app.bettertrader.co 

f9f245ad c1d4 435d 8460 6a55b5e3db2e

 

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.

Gold weekly chart +Support & Resistance Levels 6.21.2018

Posted on by Ilan

____________________________________________________________________

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

____________________________________________________________________

Dear Traders,

Follow us on Twitter and receive real time trade updates, market developments and breaking news!!
Gold WEEKLY chart for your review below.
This Sunday night I got the first weekly sell signal since the end of 2017. You can see the little red arrow along with the current bar marked in red. Just because a signal happened, does not mean we will see a sell off but for me personally it is a good probability that the pressure is stronger to the downside. I like some of the option plays one can do using vertical put spreads.
c2bdd324 236d 47a6 9507 0e70710e478b
The chart above includes some proprietary studies/ALGOS.
These ALGOS along with a 15 minutes one on one session is available for a free trial.

To sign up and more info visit: https://www.cannontrading.com/tools/intraday-futures-trading-signals 

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

06-21-2018

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2801.25 7461.33 25029 1737.83 7109.66
Resistance 2 2789.75 7398.92 24944 1725.87 6961.28
Resistance 1 2780.25 7351.58 24803 1718.83 6857.81
Pivot 2768.75 7289.17 24718 1706.87 6709.43
Support 1 2759.25 7241.83 24577 1699.83 6605.96
Support 2 2747.75 7179.42 24492 1687.87 6457.58
Support 3 2738.25 7132.08 24351 1680.83 6354.11
Contract August Gold #GC_F July Silver #SI-F Aug. Crude Oil #CL-F Sept.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1284.9 16.48 67.89 144 27/32 1.1749
Resistance 2 1281.7 16.43 67.12 144 19/32 1.1713
Resistance 1 1276.7 16.36 66.33 143 31/32 1.1685
Pivot 1273.5 16.31 65.56 143 23/32 1.1649
Support 1 1268.5 16.24 64.77 143  3/32 1.1622
Support 2 1265.3 16.19 64.00 142 27/32 1.1586
Support 3 1260.3 16.12 63.21 142  7/32 1.1558
Contract July  Corn #ZC_F July Wheat #ZW_F July Beans #ZS_F July SoyMeal #ZM_F July Nat Gas #NG_F
Resistance 3 367.0 509.2 917.00 348.10 3.04
Resistance 2 361.8 499.6 906.50 343.00 3.01
Resistance 1 358.0 493.9 898.00 338.10 2.98
Pivot 352.8 484.3 887.50 333.00 2.95
Support 1 349.0 478.7 879.0 328.1 2.9
Support 2 343.8 469.1 868.50 323.00 2.89
Support 3 340.0 463.4 860.00 318.10 2.87

Economic Reports, source: 

http://app.bettertrader.co 

 

f9f245ad c1d4 435d 8460 6a55b5e3db2e

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.

Factors to shape FED rate moves +Support & Resistance Levels 6.20.2018

Posted on by Ilan

____________________________________________________________________

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

____________________________________________________________________

Dear Traders,

Follow us on Twitter and receive real time trade updates, market developments and breaking news!!
Factors Likely to Shape Fed’s Interest Rate Path in H2 2018
By Blu Putnam, Chief Economist, CME Group

Video Highlights
  • Fed could hike rates at least once in H2 2018 as core inflation edges up
  • A second rate increase in H2 is possible but dependent on inflation data
  • Fed aiming for ‘rate neutrality,’ when fed funds rate equals core inflation
  • 10-Year Treasury Note at 3% could be a floor, not ceiling, if inflation strengthens
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

06-20-2018

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2828.92 7419.50 25392 1730.20 7006.01
Resistance 2 2804.58 7349.25 25205 1715.00 6923.22
Resistance 1 2784.42 7298.00 24944 1706.00 6831.86
Pivot 2760.08 7227.75 24757 1690.80 6749.07
Support 1 2739.92 7176.50 24496 1681.80 6657.71
Support 2 2715.58 7106.25 24309 1666.60 6574.92
Support 3 2695.42 7055.00 24048 1657.60 6483.56
Contract August Gold #GC_F July Silver #SI-F Aug. Crude Oil #CL-F Sept.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1299.5 16.80 67.21 145 11/32 1.1835
Resistance 2 1293.1 16.68 66.47 145  2/32 1.1779
Resistance 1 1285.3 16.49 65.70 144 20/32 1.1720
Pivot 1278.9 16.37 64.96 144 11/32 1.1665
Support 1 1271.1 16.18 64.19 143 29/32 1.1606
Support 2 1264.7 16.06 63.45 143 20/32 1.1550
Support 3 1256.9 15.87 62.68 143  6/32 1.1491
Contract July  Corn #ZC_F July Wheat #ZW_F July Beans #ZS_F July SoyMeal #ZM_F July Nat Gas #NG_F
Resistance 3 380.4 503.1 961.08 357.60 3.02
Resistance 2 369.1 493.9 927.67 347.30 2.99
Resistance 1 361.4 485.8 908.33 340.90 2.95
Pivot 350.1 476.7 874.92 330.60 2.92
Support 1 342.4 468.6 855.6 324.2 2.9
Support 2 331.1 459.4 822.17 313.90 2.85
Support 3 323.4 451.3 802.83 307.50 2.81

Economic Reports, source: 

http://app.bettertrader.co 

 

52fcc1ba d648 4d6c a0ea 49ce58809058

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.

Range bar and volume charts may be a better solution for day trading & Support & Resistance Levels 6.19.2018

Posted on by Ilan

____________________________________________________________________

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

____________________________________________________________________

Dear Traders,

Why I Like to Use Tick and Volume Charts for Scalping

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 using volume charts, tick charts, range bar charts and Renko charts rather than the traditional time charts like the 1 minutes, 5 minutes etc.
My rule of thumb is that if you as a trader who makes decisions based on charts that are less than 15 minutes time frame, it may be worth your time to research, back test and do some homework as to potentially using other type of charts like volume charts, Range charts etc.
Volume charts will draw a new bar once a user defined number of contracts traded. An example is the mini SP 10,000 volume chart which will draw a new bar once 10,000 contracts are traded.
Range bar charts will draw new charts once price action has exceeded a user’s pre-defined price or ticks range. An example might be an 18 ticks range bar chart on crude oil.
While volume charts rely ONLY on volume, the range bar charts rely ONLY on price action.
Their main advantage over traditional time charts is twofold in my opinion:
If the market is moving fast, reports have come out or there is heavy volume in the market, the traditional 5 minute chart will need 5 minutes to complete the next bar before it provides you with a signal…if you have day traded futures before you know what 5 minutes can do to these markets….The volume charts or range bar charts in this case will complete the bars MUCH faster because there is strong price action and strong volume and will be able to provide a signal faster than the time charts.
On the flip side, there are times when the market is dead…low volume, sideways, choppy action. If you are using the 3 minute chart and a moving avg. cross over, you may get a signal simply because time has passed and the moving averages crossed even though the market is pretty dead….If you are using a volume chart and the market is slow…it will take a while for the bars to complete and hence it may filter out some “noise” in the market.
For some screen shots as well as a free trial to trading signals:

 

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

06-14-2018

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2815.42 7387.42 25471 1727.77 7279.78
Resistance 2 2801.08 7338.33 25309 1713.33 7036.56
Resistance 1 2789.92 7306.92 25162 1706.07 6872.55
Pivot 2775.58 7257.83 25000 1691.63 6629.33
Support 1 2764.42 7226.42 24853 1684.37 6465.32
Support 2 2750.08 7177.33 24691 1669.93 6222.10
Support 3 2738.92 7145.92 24544 1662.67 6058.09
Contract August Gold #GC_F July Silver #SI-F Aug. Crude Oil #CL-F Sept.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1289.5 16.82 68.93 144 21/32 1.1778
Resistance 2 1287.2 16.73 67.38 144 12/32 1.1741
Resistance 1 1284.1 16.61 66.51 144 1.1719
Pivot 1281.8 16.52 64.96 143 23/32 1.1682
Support 1 1278.7 16.40 64.09 143 11/32 1.1659
Support 2 1276.4 16.31 62.54 143  2/32 1.1622
Support 3 1273.3 16.19 61.67 142 22/32 1.1600
Contract July  Corn #ZC_F July Wheat #ZW_F July Beans #ZS_F July SoyMeal #ZM_F July Nat Gas #NG_F
Resistance 3 363.3 502.2 928.08 345.50 3.13
Resistance 2 361.0 498.8 919.67 343.10 3.09
Resistance 1 358.5 494.4 914.08 339.30 3.03
Pivot 356.3 491.1 905.67 336.90 2.99
Support 1 353.8 486.7 900.1 333.1 2.9
Support 2 351.5 483.3 891.67 330.70 2.88
Support 3 349.0 478.9 886.08 326.90 2.81

Economic Reports, source: 

http://app.bettertrader.co 

 

d6eb5e4d a92b 426d 995d 5d86e750feea

 

 

 

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.

How Discount Futures Brokers Saves Your Time and Money

Posted on by Ilan

You’ve just decided that it’s time to open a trading account. Maybe you’ve already spent time studying the markets and mapping out your trade strategy – or you’ve put it on your to-do list.

However much time you plan on devoting to this task, or how intently you plan on concentrating on it, you’ll also have another important thing to consider – seriously: who to use as your futures broker. At the most basic level, trading is putting your money at risk – in the hands of a brokerage house responsible for handling your funds and executing/clearing your trades. Those trades will incur commissions and require margin to hold in your account – and all these components call for their own analysis.

If you’ve decided to open an account with a discount broker, it’s presumed you’ll be selecting a trading platform with which you’ll place your own trades, unassisted. As the name implies, commissions for trades placed through a discount broker are less – often meaningfully – than full-service brokers. Commissions are that main fixed cost of trading, so the more trades you make, the higher your fixed costs, the greater the impact on your account’s bottom line. So, certainly you want to be mindful of this aspect of your trading. And to that end, make sure you understand how commissions are quoted, the several elements of a commission and how they’re presented to you overall.

Futures commissions are almost always charged on a per-trade basis and are quoted as “per side.” Two sides – a buy and a sell (in either order) constitute a “round turn. ”The elements of a commission include the exchange fee, the National Futures Association (NFA) fee, the brokerage fee and possibly other fees (routing fees, platform fees, etc.) The bottom line when you’re doing your shopping: understand the total per side / per round turn commission – not leaving out any of its elements – so that you have an accurate assessment of this cost to your trading, so you can compare among those firms with which you’re considering opening your account.

To quote Warren Buffet, “Price is what you pay; value is what you get.” When opening a futures trading account, this translates to: know what you want/need to be the trader you want to be: the features of your trading platform, the availability of your broker, the support the clearing firm provides, the clearing firm’s day-trading margins, whether the clearing firm is staffed with an overnight desk, etc. Find what you want, become comfortable with its costs, open your account, plan your trade and trade your plan.

One last word regarding trading platforms: there’s no argument that placing trades via an online trading platform with instantaneous access to the futures markets is by far the most efficient means of trade execution – compared to dialing up a futures broker, providing verbal trade instructions that the broker needs to listen to, repeat back to you to make sure the order is understood and then place the trade on your behalf. So, look for a trading platform you’re comfortable using. There is a fairly wide range of choices available for you to single out for yourself. Almost all FCM’s offer their own proprietary platforms and they support the many third-party ones available as well.


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.

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.