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 10.02.2018 + 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.

Rollover notice +Levels for 9.13.18

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!
Rollover Notice for Stock Index Futures
Important notice: For those of you trading any stock index futures contracts, i.e., the E-mini S&P, E-mini NASDAQ, E-mini Dow Jones etc., it is extremely important to remember that we are now rolling over and trading the December contract.
Starting Sept. 13th, the December 2018 futures contracts will be the front month contracts. It is recommended that all new positions be placed in the December 2018 contract as of September 13th. Volume in the Sept. 2018 contracts will begin to drop off until its expiration on Friday September 21st.
The month code for December is Z8
Traders with electronic trading software should make sure that defaults reflect the proper contract as of Friday morning.
Please close any open Sept. Currency positions by the close on Friday the 14th.

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

09-13-2018

 

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2911.25 7657.67 26355 1744.63 6513.09
Resistance 2 2903.25 7599.33 26260 1733.57 6430.38
Resistance 1 2895.50 7541.67 26131 1724.23 6362.74
Pivot 2887.50 7483.33 26036 1713.17 6280.03
Support 1 2879.75 7425.67 25907 1703.83 6212.39
Support 2 2871.75 7367.33 25812 1692.77 6129.68
Support 3 2864.00 7309.67 25683 1683.43 6062.04
Contract December Gold #GC_F Dec. Silver #SI-F Oct. Crude Oil #CL-F Dec.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1234.0 14.58 72.95 142 20/32 1.1746
Resistance 2 1224.0 14.45 72.10 142 16/32 1.1700
Resistance 1 1217.7 14.37 71.19 142 12/32 1.1666
Pivot 1207.7 14.24 70.34 142  8/32 1.1620
Support 1 1201.4 14.16 69.43 142  4/32 1.1586
Support 2 1191.4 14.03 68.58 142 1.1540
Support 3 1185.1 13.95 67.67 141 28/32 1.1506
Contract Dec.  Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F
Resistance 3 377.3 552.9 873.33 330.80 2.91
Resistance 2 371.7 541.1 859.17 325.40 2.89
Resistance 1 362.1 523.9 849.58 321.90 2.86
Pivot 356.4 512.1 835.42 316.50 2.84
Support 1 346.8 494.9 825.8 313.0 2.8
Support 2 341.2 483.1 811.67 307.60 2.79
Support 3 331.6 465.9 802.08 304.10 2.76

Economic Reports, source: 

www.forexfactory.com

Date 4:08pm Currency Impact Detail Actual Forecast Previous Graph
ThuSep 13  2:00am EUR
German Final CPI m/m
 0.1% 0.1%
2:45am EUR
French Final CPI m/m
 0.5% 0.5%
7:45am EUR
Main Refinancing Rate
 0.00% 0.00%
8:30am EUR
ECB Press Conference
USD
CPI m/m
 0.3% 0.2%
USD
Core CPI m/m
 0.2% 0.2%
USD
Unemployment Claims
 210K 203K
10:00am USD
FOMC Member Quarles Speaks
10:30am USD
Natural Gas Storage
 65B 63B
1:01pm USD
30-y Bond Auction
 3.09|2.3
1:15pm USD
FOMC Member Bostic Speaks
2:00pm USD
Federal Budget Balance
 -169.8B -76.9B

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.

Grain Report tomorrow +Levels for Tuesday 9.12.18

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!
Grain report tomorrow will move the beans, wheat, corn, bean oil, oats and will also impact the cattle, hogs and feeders markets. Mark the time and do your research if you are trading these markets. Report comes out at 11 Am CDT.
If you are not a grain trader, it may be of interest for you to follow and observe price action tomorrow.
regardless, i thought the following image is educational by nature, from https://www.futuresfundamentals.org
4a45e9e2 e6ca 487f a7e9 af0b6c0408d4

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

09-12-2018

 

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2924.50 7675.92 26369 1743.97 6615.89
Resistance 2 2908.75 7600.33 26203 1734.63 6509.24
Resistance 1 2898.75 7555.67 26095 1727.47 6383.32
Pivot 2883.00 7480.08 25929 1718.13 6276.67
Support 1 2873.00 7435.42 25821 1710.97 6150.75
Support 2 2857.25 7359.83 25655 1701.63 6044.10
Support 3 2847.25 7315.17 25547 1694.47 5918.18
Contract December Gold #GC_F Dec. Silver #SI-F Oct. Crude Oil #CL-F Dec.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1216.3 14.60 72.21 143 16/32 1.1720
Resistance 2 1209.6 14.43 70.88 143  5/32 1.1685
Resistance 1 1206.0 14.30 70.14 142 19/32 1.1642
Pivot 1199.3 14.13 68.81 142  8/32 1.1606
Support 1 1195.7 14.00 68.07 141 22/32 1.1563
Support 2 1189.0 13.83 66.74 141 11/32 1.1528
Support 3 1185.4 13.70 66.00 140 25/32 1.1485
Contract Dec.  Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F
Resistance 3 370.9 527.0 853.92 325.10 2.90
Resistance 2 369.6 524.8 849.08 322.80 2.87
Resistance 1 368.2 521.8 840.42 319.50 2.85
Pivot 366.8 519.5 835.58 317.20 2.82
Support 1 365.4 516.5 826.9 313.9 2.8
Support 2 364.1 514.3 822.08 311.60 2.77
Support 3 362.7 511.3 813.42 308.30 2.75

Economic Reports, source: 

www.forexfactory.com

Date 2:34pm Currency Impact Detail Actual Forecast Previous Graph
WedSep 12  4:00am EUR
Italian Industrial Production m/m
 -0.4% 0.5%
5:00am EUR
Industrial Production m/m
 -0.5% -0.7%
EUR
Italian Quarterly Unemployment Rate
 10.8% 11.1%
Tentative EUR
German 30-y Bond Auction
 0.94|1.6
8:30am USD
PPI m/m
 0.2% 0.0%
USD
Core PPI m/m
 0.2% 0.1%
10:30am USD
Crude Oil Inventories
 -1.3M -4.3M
12:45pm USD
FOMC Member Brainard Speaks
1:01pm USD
10-y Bond Auction
 2.96|2.5
2:00pm USD
Beige Book

 

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.