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.

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Top 3 Factors in Making a Good Trader + Trading Levels 5/18/18

Posted on by Ilan

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

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Dear Traders,
Not a busy Friday morning ahead with reports but more than a few fed Speakers schedules to speak tomorrow which can move the markets.
#CL_F Crude oil has traded more volume than the mini SP for the last few days!! heads up.
Keys to Successful Trading:
My colleagues and I were discussing trading methods, techniques and more today in the office. Each of us had an idea as to why such a small percent of traders “makes it ” in the trading business….
I decided to reach out to you and ask you: What do you think are the TOP 3 factors that separates the “men from the boys” in the field of trading?
Feel free to share if you were “able to turn around your trading”, still trying, surviving etc.
To make it easy, simply just hit reply and share your thoughts. We will tabulate and try to analyze the data in hopes of sharing some good insights with all of you.
Thank you in advance!

Continue reading “Top 3 Factors in Making a Good Trader + Trading Levels 5/18/18”

Gold Outlook + Trading Levels 5.17.2018

Posted on by Ilan

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

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Dear Traders,
Gold: At the Crossroads of Fiscal and Monetary Policies
Twice this year implied volatility in gold options spiked from 9% to around 13.5%. Proportionally, that represents a 50% rise and seems like a big move, at least by the standards of recent history. What is more remarkable, however, is how calm the gold market has generally been. For the past two years, implied volatility on gold options have been near the lowest levels in recent memory and are a far cry from the 17% average levels that prevailed in 2015 and 2016, much less the spikes above 30% in 2011 and 2013 (Figure 1). So why has the gold market been so placid and what will likely drive volatility?

Continue reading “Gold Outlook + Trading Levels 5.17.2018”

Energy Futures Outlook 5/15/2018

Posted on by Ilan

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

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Dear Traders,
Oil Market Dynamics in Play: What to Watch in Coming Weeks
By Blu Putnam, Chief Economist, CME Group
Oil: Will Mideast Risk Premium Rise Before Driving Season?
Highlights
  • U.S. shale oil production can respond faster to price changes
  • Ramp-up in U.S. production could be tempered by drilling challenges
  • U.S. oil exports have changed the dynamics of Brent-WTI price spread
 Unleaded Gasoline Daily Chart for your review below:
Unleaded Gasoline Daily Chart 

If you like to set up a time and chat with a licensed series 3 broker, pleasecontact us.

Continue reading “Energy Futures Outlook 5/15/2018”

Grain Futures Outlook 5.11.2018

Posted on by Ilan

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

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Dear Traders,

If you are trading grains and grain futures, the following link will provide you with some good insight into the near future of grain prices following today’s report:

https://www.dtnpf.com/agriculture/web/ag/news/article/2018/05/10/new-crop-corn-soybean-forecasts 

 Daily chart of Soybeans futures #ZS_F below: Daily chart of Soybeans futures #ZS_F

Continue reading “Grain Futures Outlook 5.11.2018”

BOE Rate Decision Tomorrow #6B_F 5.10.2018

Posted on by Ilan

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

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Dear Traders,
Thursday / May 10th / 07:00 EST / 11:00 GMT
BOE Interest Rate Decision:
Hawkish hold in the cards?
The Market Focus
No change in policy is expected. The recent run of disappointing economic data has forced the market to push out the next rate hike expectation until Q3. This has also substantially decreased the likelihood of further rises through the remainder of 2018. Nevertheless, analysts believe that the BOE is likely to signal that holding the policy rate steady in May would only be a delay in its gradual normalization scheme.
Only a few weeks ago a May rate hike seemed like a done deal but appears unlikely now. OIS now suggest the odds of a rate hike at 10% (down from 85% a month ago).
What the News Desk Says
In lieu of dovish comments and disappointing economic indicators, analysts believe a rate hike will be postponed until the August meeting.
If you like to set up a time and chat with a licensed series 3 broker, please contact us.

Continue reading “BOE Rate Decision Tomorrow #6B_F 5.10.2018”

Trade Systems Results 5.09.2018

Posted on by Ilan

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

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Dear Traders,
The Iran nuclear agreement “event” caused quite a bit of intraday volatility in the markets, mostly in crude oil and related energies but also in equities and gold.
As a trader, you must know which reports, events are scheduled and the possible effects they may have on the markets you trade.
keeping a trade journal WILL help.
On a different note:
Browse and view ACTUAL trading results from different trading systems offered at Cannon Trading Co, Inc.
If you like to set up a time and chat/ evaluate any system with a licensed series 3 broker, please contact us.

Continue reading “Trade Systems Results 5.09.2018”

List of First Notice and Last Trading Days for May 5.08.2018

Posted on by Ilan

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

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Dear Traders,
Heads up with upcoming first notice and last trading days for various commodities below. Please contact us with any questions:
 
First Notice Day
Contract Month
Contract
1-May
May
ICE Sugar
1-May
May
Orange Juice
1-May
May
London Coffee
30-May
June
Long Gilt (Liffe)
31-May
June
2-Yr. & 5-Yr. Notes
31-May
June
10-Yr. Notes & 30-Yr. Bonds
31-May
June
COMEX & ICE Metals
Last Trading Day
Contract Month
Contract
1-May-18
April
Milk III & Butter
8-May-18
May
Cotton
10-May-18
May
Orange Juice
14-May-18
May
CME Eurodollar
14-May-18
May
Wheat (CBOT, KC, MN)
14-May-18
May
CBOT Corn & Oats
14-May-18
May
Lean Hogs
14-May-18
May
CBOT Soybeans
14-May-18
May
CBOT Soybean Meal & Oil
14-May-18
May
CBOT Rice
14-May-18
May
Canola
15-May-18
May
ICE Cocoa
15-May-18
May
Lumber
15-May-18
May
London Cocoa
18-May-18
May
ICE Coffee
22-May-18
June
NYMEX Crude Oil
24-May-18
May
Feeder Cattle
29-May-18
May
COMEX & ICE Metals
29-May-18
June
NYMEX Natural Gas
29-May-18
June
Live Cattle
30-May-18
May
Milk III & Butter
31-May-18
May
30-Day Fed Funds
31-May-18
June
NYMEX RBOB & Heating Oil
31-May-18
July
ICE Brent Crude Oil
31-May-18
May
London Coffee

Continue reading “List of First Notice and Last Trading Days for May 5.08.2018”

API for Developers 5.7.018

Posted on by Ilan

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

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Dear Traders,

Check out our API section for developers, traders who need customized applications, auto trading and much more:

https://www.cannontrading.com/software/futures-trading-api

Continue reading “API for Developers 5.7.018”

5 Fact about Brent Crude 5.4.018

Posted on by Ilan

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

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Dear Traders,
5 Facts about Brent Crude 
By Senior Broker, Mark O’ Brien

Brent crude is a primary classification of crude oil used as a reference price for trading crude oil around the world. It is also known as London Brent and Brent Blend.

It was first extracted in 1976 from a small area in the North Sea called the Brent field by Shell U.K. Limited (now Royal Dutch Shell), which made it a practice of naming oil fields after water birds.  For this particular area, the name comes from a small water bird called the Brent goose.

While the Brent field is now no longer economically viable, Brent crude is now comprised of oil extracted from fifteen later-developed oil fields located throughout the North Sea, an area of roughly 220,000 square miles.  This area comprises by far the largest oil reserves in western Europe – land or sea.

Read more at

http://www.stockhouse.com/opinion/independent-reports/2018/05/01/5-facts-about-brent-crude#aPaDiqdofoX4VG2J.99

Continue reading “5 Fact about Brent Crude 5.4.018”

Support & Resistance Levels 5.3.018

Posted on by Ilan

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

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Dear Traders,
There will be no market commentary today. Read full article to see trading levels and economic reports for Thursday, May 3rd 2018.

Continue reading “Support & Resistance Levels 5.3.018”

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.