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

Weekly Directional Bias – Support & Resistance Levels 8.7.2018

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!
Every Monday morning (actually, Sunday night most of the time), I run a scan of the major commodities’ weekly charts using some indicators I have learned to trust.
The scan produces a list of markets that will meet certain criteria and point to the chances that any of those commodities will continue moving in a certain direction.
This week’s results revealed the following:
Above a 60% chance to see a continued higher trend:
Wheat
Mini SP
Mini Dow
Above 60% to see a continued lower trend:
British Pound
Japanese Yen
Gold
Ten year notes

We would be more than happy to assist you and go over more details and possible strategies, if interested.  Feel free to contact us any time.

 

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

08-07-2018

 

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2875.83 7529.92 25700 1709.20 8087.45
Resistance 2 2864.67 7489.83 25604 1698.40 7829.58
Resistance 1 2857.33 7467.67 25538 1692.60 7389.64
Pivot 2846.17 7427.58 25442 1681.80 7131.77
Support 1 2838.83 7405.42 25376 1676.00 6691.83
Support 2 2827.67 7365.33 25280 1665.20 6433.96
Support 3 2820.33 7343.17 25214 1659.40 5994.02
Contract December Gold #GC_F Sept. Silver #SI-F Sept. Crude Oil #CL-F Sept.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1234.1 15.65 71.09 144  5/32 1.1650
Resistance 2 1230.1 15.58 70.51 143 27/32 1.1628
Resistance 1 1222.5 15.44 69.67 143 15/32 1.1609
Pivot 1218.5 15.37 69.09 143  5/32 1.1587
Support 1 1210.9 15.24 68.25 142 25/32 1.1568
Support 2 1206.9 15.17 67.67 142 15/32 1.1546
Support 3 1199.3 15.03 66.83 142  3/32 1.1527
Contract Dec.  Corn #ZC_F Sept. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Sept. Nat Gas #NG_F
Resistance 3 389.3 597.4 904.00 338.30 2.92
Resistance 2 387.8 586.8 899.50 335.30 2.89
Resistance 1 386.5 580.7 896.50 332.40 2.87
Pivot 385.0 570.1 892.00 329.40 2.85
Support 1 383.8 563.9 889.0 326.5 2.8
Support 2 382.3 553.3 884.50 323.50 2.80
Support 3 381.0 547.2 881.50 320.60 2.79

Economic Reports, source: 

https://app.bettertrader.com

 

db8f431e 407f 47c2 b354 015fa2439e3a

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.

Jobs Report – Support & Resistance Levels 8.3.2018

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!
Job Report Video Click Below
f3479327 138b 4702 b528 2c9c774309da
The monthly job report, also known as non farm payroll comes out on the first Friday of every month and is a market mover report across the board!
Watch the video above for more insight and feel free to reach out directly with any questions or if you want to chat trading.

 

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

08-03-2018

 

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2879.50 7618.25 25633 1722.07 7920.84
Resistance 2 2854.50 7504.25 25482 1703.53 7813.09
Resistance 1 2841.00 7442.25 25390 1693.87 7675.66
Pivot 2816.00 7328.25 25239 1675.33 7567.91
Support 1 2802.50 7266.25 25147 1665.67 7430.48
Support 2 2777.50 7152.25 24996 1647.13 7322.73
Support 3 2764.00 7090.25 24904 1637.47 7185.30
Contract December Gold #GC_F Sept. Silver #SI-F Sept. Crude Oil #CL-F Sept.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1239.3 15.64 72.35 143 14/32 1.1762
Resistance 2 1234.7 15.57 70.86 143  4/32 1.1733
Resistance 1 1225.8 15.45 69.91 142 24/32 1.1678
Pivot 1221.2 15.38 68.42 142 14/32 1.1649
Support 1 1212.3 15.26 67.47 142  2/32 1.1594
Support 2 1207.7 15.19 65.98 141 24/32 1.1565
Support 3 1198.8 15.07 65.03 141 12/32 1.1510
Contract Dec.  Corn #ZC_F Sept. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Sept. Nat Gas #NG_F
Resistance 3 391.9 616.0 919.33 339.90 2.94
Resistance 2 389.6 604.5 910.17 337.80 2.88
Resistance 1 385.4 582.5 903.83 335.20 2.85
Pivot 383.1 571.0 894.67 333.10 2.79
Support 1 378.9 549.0 888.3 330.5 2.8
Support 2 376.6 537.5 879.17 328.40 2.71
Support 3 372.4 515.5 872.83 325.80 2.67

Economic Reports, source: 

www.forexfactory.com 

Date 3:59pm Currency Impact Detail Actual Forecast Previous Graph
FriAug 3  2:45am EUR
French Gov Budget Balance
 -55.1B
3:15am EUR
Spanish Services PMI
 54.4 55.4
3:45am EUR
Italian Services PMI
 53.6 54.3
3:50am EUR
French Final Services PMI
 55.3 55.3
3:55am EUR
German Final Services PMI
 54.4 54.4
4:00am EUR
Final Services PMI
 54.4 54.4
EUR
Italian Industrial Production m/m
 0.4% 0.7%
4:30am GBP
Services PMI
 54.7 55.1
5:00am EUR
Italian Retail Sales m/m
 0.1% 0.8%
EUR
Retail Sales m/m
 0.4% 0.0%
8:30am USD
Average Hourly Earnings m/m
 0.3% 0.2%
USD
Non-Farm Employment Change
 191K 213K
USD
Unemployment Rate
 3.9% 4.0%
USD
Trade Balance
 -46.5B -43.1B
9:45am USD
Final Services PMI
 56.2 56.2
10:00am USD
ISM Non-Manufacturing PMI
 58.6 59.1

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 Contest – Support & Resistance Levels 8.2.2018

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!
contest logo

Trading Competition

Start: August 19th at 5 PM CT

End: August 31st at 4 PM CT

Prizes (Commission Credits)

First Place: $1,000

Second Place: $500

Third Place: $250

Competition Details

  • All trades will be completed in the GAIN Trader Simulated Trading Environment using the white-labeled Contest Trader application
  • All traders will begin with a virtual account of $100,000. Your goal: increase the balance to as much as possible by the conclusion of the competition
  • Choose to trade from CME Group’s Gold(GGC), Crude Oil(GCL), Corn(ZC), Wheat(ZW), Soybean(ZS) products, and the 10-year treasury note(ZN)
  • Top three traders with the highest P&L balance at the end will get commission credits towards their live account trading post the contest
  • Contestants do not need to have a current live or active account, but the commission credits to the winners will only be credited to live trading on GAIN Capital Futures accounts

Rules/Guidelines

  • This trading completion is limited to non-professional individuals only. Entities and NFA registered persons are not eligible
  • Simulated commission charges set at $5.00 per side inclusive of fees
  • Only 1 demo account is permitted per client for the contest
  • Futures only will be traded
  • Top 10 rankings will be updated prior to the next trading day on https://gainfutures.com/ at close of market, with the winners announced Tuesday September 4, 2018
  • Using the Contest Trader front-end trading application will be mandatory amongst all contestants

 

24828127 8b10 4845 bf66 9d0405a6dbef

 

Do you have what it takes?

 

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

08-02-2018

 

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2841.92 7365.08 25643 1697.23 8039.01
Resistance 2 2833.83 7334.42 25558 1687.27 7906.56
Resistance 1 2821.67 7302.33 25418 1677.53 7728.14
Pivot 2813.58 7271.67 25333 1667.57 7595.69
Support 1 2801.42 7239.58 25193 1657.83 7417.27
Support 2 2793.33 7208.92 25108 1647.87 7284.82
Support 3 2781.17 7176.83 24968 1638.13 7106.40
Contract December Gold #GC_F Sept. Silver #SI-F Sept. Crude Oil #CL-F Sept.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1240.4 15.67 69.65 144 17/32 1.1769
Resistance 2 1237.1 15.62 69.09 143 29/32 1.1754
Resistance 1 1231.1 15.51 68.44 143  3/32 1.1726
Pivot 1227.8 15.46 67.88 142 15/32 1.1711
Support 1 1221.8 15.35 67.23 141 21/32 1.1684
Support 2 1218.5 15.30 66.67 141  1/32 1.1669
Support 3 1212.5 15.19 66.02 140  7/32 1.1641
Contract Dec.  Corn #ZC_F Sept. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Sept. Nat Gas #NG_F
Resistance 3 394.1 573.5 916.67 346.47 2.82
Resistance 2 390.7 569.8 912.58 343.73 2.80
Resistance 1 385.1 564.0 907.17 339.87 2.78
Pivot 381.7 560.3 903.08 337.13 2.76
Support 1 376.1 554.5 897.7 333.3 2.7
Support 2 372.7 550.8 893.58 330.53 2.73
Support 3 367.1 545.0 888.17 326.67 2.70

Economic Reports, source: 

www.forexfactory.com 

Date 3:38pm Currency Impact Detail Actual Forecast Previous Graph
ThuAug 2  3:00am EUR
Spanish Unemployment Change
 -87.6K -90.0K
4:30am GBP
Construction PMI
 52.8 53.1
5:00am EUR
PPI m/m
 0.3% 0.8%
Tentative EUR
Spanish 10-y Bond Auction
 1.31|1.5
Tentative EUR
French 10-y Bond Auction
 0.67|1.9
7:00am GBP
BOE Inflation Report
GBP
MPC Official Bank Rate Votes
 7-0-2 3-0-6
GBP
Monetary Policy Summary
GBP
Official Bank Rate
 0.75% 0.50%
GBP
Asset Purchase Facility
 435B 435B
GBP
MPC Asset Purchase Facility Votes
 0-0-9 0-0-9
7:30am GBP
BOE Gov Carney Speaks
USD
Challenger Job Cuts y/y
 19.6%
8:30am USD
Unemployment Claims
 220K 217K
10:00am USD
Factory Orders m/m
 0.7% 0.4%
10:30am USD
Natural Gas Storage
 39B 24B

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.

First Notice and Last Trading Days for August 8.01.2018

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 our policy that all LONG positions be exited the day prior to First Notice Day and ALL positions be exited the day prior to Last Trading Day.  If you have any questions please contact the Trade Desk @ 800-454-9572 or + 1 310 859 9572.  If contracts are carried past that, there may be a liquidation fee, delivery fees and other penalties.
First Notice
Contract Month
Contract
6-Aug
August
Live Cattle
20-Aug
September
ICE Cocoa
23-Aug
September
ICE Coffee
28-Aug
September
London Coffee
30-Aug
September
2-Yr. & 5-Yr. Notes
30-Aug
September
10-Yr. Notes & 30-Yr. Bonds
30-Aug
September
Long Gilt (Liffe)
31-Aug
September
COMEX & ICE Metals
31-Aug
September
Wheat (CBOT, KC, MN)
31-Aug
September
CBOT Corn & Oats
31-Aug
September
CBOT Soybeans
31-Aug
September
CBOT Soybean Meal & Oil
31-Aug
September
CBOT Rice
Last Trading Day
Contract Month
Contract
13-Aug-18
August
CME Eurodollar
14-Aug-18
August
Lean Hogs
14-Aug-18
August
CBOT Soybeans
14-Aug-18
August
CBOT Soybean Meal & Oil
21-Aug-18
September
NYMEX Crude Oil
28-Aug-18
August
Milk III & Butter
29-Aug-18
August
COMEX & ICE Metals
29-Aug-18
September
NYMEX Natural Gas
30-Aug-18
August
Feeder Cattle
31-Aug-18
August
30-Day Fed Funds
31-Aug-18
September
NYMEX RBOB & Heating Oil
31-Aug-18
October
ICE Brent Crude Oil
31-Aug-18
August
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

08-01-2018

 

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2852.33 7391.08 25690 1712.83 8576.68
Resistance 2 2838.67 7337.67 25576 1696.27 8381.76
Resistance 1 2830.08 7296.08 25499 1686.43 8053.14
Pivot 2816.42 7242.67 25385 1669.87 7858.22
Support 1 2807.83 7201.08 25308 1660.03 7529.60
Support 2 2794.17 7147.67 25194 1643.47 7334.68
Support 3 2785.58 7106.08 25117 1633.63 7006.06
Contract August Gold #GC_F Sept. Silver #SI-F Sept. Crude Oil #CL-F Sept.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1255.3 15.93 71.55 144  2/32 1.1833
Resistance 2 1246.5 15.78 70.89 143 25/32 1.1812
Resistance 1 1240.1 15.67 69.81 143 13/32 1.1773
Pivot 1231.3 15.53 69.15 143  4/32 1.1751
Support 1 1224.9 15.42 68.07 142 24/32 1.1712
Support 2 1216.1 15.27 67.41 142 15/32 1.1691
Support 3 1209.7 15.16 66.33 142  3/32 1.1652
Contract Dec.  Corn #ZC_F Sept. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Sept. Nat Gas #NG_F
Resistance 3 395.2 584.8 945.08 355.87 2.88
Resistance 2 391.8 574.9 933.67 349.53 2.85
Resistance 1 389.2 564.3 926.33 345.47 2.82
Pivot 385.8 554.4 914.92 339.13 2.79
Support 1 383.2 543.8 907.6 335.1 2.8
Support 2 379.8 533.9 896.17 328.73 2.74
Support 3 377.2 523.3 888.83 324.67 2.70

Economic Reports, source: 

www.forexfactory.com 

 

Date 4:26pm Currency Impact Detail Actual Forecast Previous Graph
WedAug 1 2:00am GBP
Nationwide HPI m/m
 0.1% 0.5%
3:15am EUR
Spanish Manufacturing PMI
 53.1 53.4
3:45am EUR
Italian Manufacturing PMI
 53.0 53.3
3:50am EUR
French Final Manufacturing PMI
 53.1 53.1
3:55am EUR
German Final Manufacturing PMI
 57.3 57.3
4:00am EUR
Final Manufacturing PMI
 55.1 55.1
4:30am GBP
Manufacturing PMI
 54.2 54.4
Tentative EUR
German 10-y Bond Auction
 0.36|1.6
8:15am USD
ADP Non-Farm Employment Change
 186K 177K
9:45am USD
Final Manufacturing PMI
 55.5 55.5
10:00am USD
ISM Manufacturing PMI
 59.4 60.2
USD
Construction Spending m/m
 0.3% 0.4%
USD
ISM Manufacturing Prices
 75.5 76.8
10:30am USD
Crude Oil Inventories
 -2.6M -6.1M
All Day USD
Total Vehicle Sales
 17.1M 17.5M
2:00pm USD
FOMC Statement
USD
Federal Funds Rate
 <2.00% <2.00%

 

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.

Using Range Bars for Day Trading – Support & Resistance Levels 7.27.2018

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!
I have mentioned before that I like range bar charts and volume charts better than time charts for day trading.
The main reason is that when you are using time charts, lets say 3 minute bars, you have to wait for the bar to close in order to confirm your signals. In today’s market environment there are times when 3 minutes can translate for big $$ against you or in your favor…
( like today right at the cash close 3 PM CDT, Amazon Earnings came out and sent the NQ futures up and down almost 70 points in minutes!!)
Range bar charts and volume charts will complete FAST when the market is moving and will take much longer to build when the market is dead ( hence helps filter out some of the noise in my opinion).
I shared more on this topic in a video that while it focuses on crude oil as an example, the concept can be used for many other markets.
Check out the video at ( it is the 3rd video on the list):

 

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

07-27-2018

 

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2861.33 7554.00 25776 1729.70 8489.44
Resistance 2 2853.92 7502.00 25672 1718.70 8400.33
Resistance 1 2848.08 7466.00 25600 1709.50 8334.09
Pivot 2840.67 7414.00 25496 1698.50 8244.98
Support 1 2834.83 7378.00 25424 1689.30 8178.74
Support 2 2827.42 7326.00 25320 1678.30 8089.63
Support 3 2821.58 7290.00 25248 1669.10 8023.39
Contract August Gold #GC_F Sept. Silver #SI-F Sept. Crude Oil #CL-F Sept.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1244.8 15.92 71.07 143 19/32 1.1862
Resistance 2 1240.1 15.81 70.50 143 14/32 1.1825
Resistance 1 1231.2 15.62 70.07 143  1/32 1.1757
Pivot 1226.5 15.51 69.50 142 28/32 1.1720
Support 1 1217.6 15.32 69.07 142 15/32 1.1652
Support 2 1212.9 15.21 68.50 142 10/32 1.1615
Support 3 1204.0 15.02 68.07 141 29/32 1.1547
Contract Dec.  Corn #ZC_F Sept. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Sept. Nat Gas #NG_F
Resistance 3 384.0 571.3 910.67 342.00 2.80
Resistance 2 381.8 562.5 903.33 339.30 2.79
Resistance 1 378.8 549.5 889.67 335.50 2.77
Pivot 376.5 540.8 882.33 332.80 2.76
Support 1 373.5 527.8 868.7 329.0 2.7
Support 2 371.3 519.0 861.33 326.30 2.73
Support 3 368.3 506.0 847.67 322.50 2.71

Economic Reports, source: 

http://app.bettertrader.co 

 

f1b66da5 7e05 4d46 8d90 dabc99a41c19

 

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.

Support & Resistance Levels 7.26.2018

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!
Take a look at the mini NASDAQ chart…wow….Also below the chart, if you are NOT yet a Cannon client, see if you can improve your rates.
5ebd8139 b0ab 443e 8baf 6f8c3ca00806
If you are a not a Cannon client yet, we can lower your commission rates in less than 7 minutes.
Want to learn more and see if you qualify, please talk to one our Cannon Trading brokers. Call us now at (800) 454-9572.
Competitive Pricing with a Premium Service

Before contacting the discount futures brokers and opening an account, ask yourself the following: “What am I getting myself into?” Am I about to “get what I paid for?” Does your broker call you before taking you out of a position at the market close, or do they just go ahead and pull the trigger? Will they take the time to walk you through simple/complex brackets, trailing stops, iceberg orders, or GTC’s? Will they help you set up your charts and indicators? After all, you deserve GOOD SERVICE!

Cannon has multiple arrangements with different clearing firms, allowing us to “shop on your behalf” when it comes to high volume/large traders/ institutional accounts/ high frequency traders.

We can provide you with some of the LOWEST rates in the industry. Call us at +310-859-9572 or simply fill out this form.

 

 

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

07-26-2018

 

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2893.00 7677.17 25881 1711.50 8807.91
Resistance 2 2871.25 7603.58 25655 1701.20 8642.12
Resistance 1 2857.50 7544.17 25539 1695.40 8391.19
Pivot 2835.75 7470.58 25313 1685.10 8225.40
Support 1 2822.00 7411.17 25197 1679.30 7974.47
Support 2 2800.25 7337.58 24971 1669.00 7808.68
Support 3 2786.50 7278.17 24855 1663.20 7557.75
Contract August Gold #GC_F Sept. Silver #SI-F Sept. Crude Oil #CL-F Sept.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1247.6 15.89 71.43 143 16/32 1.1883
Resistance 2 1240.9 15.77 70.57 143 18/32 1.1834
Resistance 1 1236.5 15.71 69.93 143  4/32 1.1807
Pivot 1229.8 15.59 69.07 143  6/32 1.1758
Support 1 1225.4 15.52 68.43 142 24/32 1.1731
Support 2 1218.7 15.40 67.57 142 26/32 1.1682
Support 3 1214.3 15.34 66.93 142 12/32 1.1655
Contract Dec.  Corn #ZC_F Sept. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Sept. Nat Gas #NG_F
Resistance 3 380.5 573.6 887.17 334.40 2.81
Resistance 2 377.3 559.4 882.58 331.90 2.79
Resistance 1 375.3 551.1 879.17 330.20 2.77
Pivot 372.0 536.9 874.58 327.70 2.75
Support 1 370.0 528.6 871.2 326.0 2.7
Support 2 366.8 514.4 866.58 323.50 2.71
Support 3 364.8 506.1 863.17 321.80 2.69

Economic Reports, source: 

http://app.bettertrader.co 

 

64f9189b 7051 4941 91bc 3331162a6326

 

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 Triangles & Support & Resistance Levels 7.25.2018

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!
Trading Triangles – An educational trading video by Joseph Easton, Cannon Senior Broker for your viewing at:

 

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

07-25-2018

 

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2852.08 7576.58 25559 1739.47 9154.93
Resistance 2 2841.67 7533.17 25413 1725.63 8754.81
Resistance 1 2831.08 7473.58 25313 1703.77 8492.49
Pivot 2820.67 7430.17 25167 1689.93 8092.37
Support 1 2810.08 7370.58 25067 1668.07 7830.05
Support 2 2799.67 7327.17 24921 1654.23 7429.93
Support 3 2789.08 7267.58 24821 1632.37 7167.61
Contract August Gold #GC_F Sept. Silver #SI-F Sept. Crude Oil #CL-F Sept.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1242.2 15.94 70.67 143 31/32 1.1827
Resistance 2 1235.9 15.78 69.86 143 19/32 1.1795
Resistance 1 1230.6 15.65 69.18 143 12/32 1.1764
Pivot 1224.3 15.49 68.37 143 1.1732
Support 1 1219.0 15.36 67.69 142 25/32 1.1701
Support 2 1212.7 15.20 66.88 142 13/32 1.1669
Support 3 1207.4 15.07 66.20 142  6/32 1.1638
Contract Dec.  Corn #ZC_F Sept. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Aug. Nat Gas #NG_F
Resistance 3 374.5 526.9 902.83 333.23 2.79
Resistance 2 372.5 521.6 890.42 330.57 2.77
Resistance 1 369.3 515.9 881.83 328.63 2.75
Pivot 367.3 510.6 869.42 325.97 2.73
Support 1 364.0 504.9 860.8 324.0 2.7
Support 2 362.0 499.6 848.42 321.37 2.70
Support 3 358.8 493.9 839.83 319.43 2.69

Economic Reports, source: 

http://app.bettertrader.co 

 

64f9189b 7051 4941 91bc 3331162a6326

 

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.

Earnings are out & Support & Resistance Levels 7.24.2018

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!
This could be a VOLATILE week in stock index futures, with some moves taking place after the CASH close when earnings usually come out.
About a third of the S&P 500 companies will report quarterly results, including three FANG stocks – Facebook (NASDAQ:FB), Amazon (NASDAQ:AMZN) and Google parent Alphabet (GOOG, GOOGL)- as well as oil majors Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX). So far, 87% of corporations that have reported earnings have exceeded Wall Street estimates, with FactSet now forecasting Q2 profits will be up 20.8% from a year earlier.

 

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

07-24-2018

 

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2838.83 7592.58 25229 1722.63 8456.79
Resistance 2 2825.67 7512.67 25159 1714.17 8126.84
Resistance 1 2818.83 7471.33 25093 1708.83 7934.30
Pivot 2805.67 7391.42 25023 1700.37 7604.35
Support 1 2798.83 7350.08 24957 1695.03 7411.81
Support 2 2785.67 7270.17 24887 1686.57 7081.86
Support 3 2778.83 7228.83 24821 1681.23 6889.32
Contract August Gold #GC_F Sept. Silver #SI-F Sept. Crude Oil #CL-F Sept.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1245.5 15.77 70.58 145 16/32 1.1856
Resistance 2 1240.4 15.68 69.94 144 30/32 1.1828
Resistance 1 1232.5 15.54 68.87 143 29/32 1.1786
Pivot 1227.4 15.45 68.23 143 11/32 1.1759
Support 1 1219.5 15.31 67.16 142 10/32 1.1717
Support 2 1214.4 15.22 66.52 141 24/32 1.1689
Support 3 1206.5 15.08 65.45 140 23/32 1.1647
Contract Dec.  Corn #ZC_F Sept. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Aug. Nat Gas #NG_F
Resistance 3 375.9 529.3 874.67 331.80 2.76
Resistance 2 374.1 525.9 872.08 330.00 2.75
Resistance 1 372.7 519.8 867.42 327.70 2.74
Pivot 370.8 516.4 864.83 325.90 2.72
Support 1 369.4 510.3 860.2 323.6 2.7
Support 2 367.6 506.9 857.58 321.80 2.70
Support 3 366.2 500.8 852.92 319.50 2.68

Economic Reports, source: 

http://app.bettertrader.co 

 

b0d0025b ba18 46f6 a5de f6618c6d7962

 

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.

Technical Analysis Videos & Support & Resistance Levels 7.20.2018

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!
Trading 102: Educational Trading 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

07-20-2018

 

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2833.00 7459.17 25342 1733.20 7776.97
Resistance 2 2825.50 7437.58 25276 1720.20 7643.94
Resistance 1 2815.25 7397.92 25167 1713.00 7549.82
Pivot 2807.75 7376.33 25101 1700.00 7416.79
Support 1 2797.50 7336.67 24992 1692.80 7322.67
Support 2 2790.00 7315.08 24926 1679.80 7189.64
Support 3 2779.75 7275.42 24817 1672.60 7095.52
Contract August Gold #GC_F Sept. Silver #SI-F Sept. Crude Oil #CL-F Sept.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1249.9 15.95 71.14 146 29/32 1.1839
Resistance 2 1239.7 15.77 69.96 146  8/32 1.1784
Resistance 1 1231.0 15.55 68.97 145 25/32 1.1734
Pivot 1220.8 15.37 67.79 145  4/32 1.1678
Support 1 1212.1 15.14 66.80 144 21/32 1.1628
Support 2 1201.9 14.96 65.62 144 1.1573
Support 3 1193.2 14.74 64.63 143 17/32 1.1523
Contract Dec.  Corn #ZC_F Sept. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Aug. Nat Gas #NG_F
Resistance 3 373.3 519.1 875.50 332.20 2.87
Resistance 2 369.7 512.4 869.00 329.90 2.82
Resistance 1 367.3 508.3 865.25 328.00 2.80
Pivot 363.7 501.7 858.75 325.70 2.75
Support 1 361.3 497.6 855.0 323.8 2.7
Support 2 357.7 490.9 848.50 321.50 2.68
Support 3 355.3 486.8 844.75 319.60 2.65

Economic Reports, source: 

http://app.bettertrader.co 

 

40acf209 9952 4a2a b78d 9c65dd128f12

 

 

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.

Short insight to trading psychology & Support & Resistance Levels 7.18.2018

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!
How I like to day-(trade) by Ilan Levy-Mayer, VP
Often I get asked the question above: How do you trade (day trade)?
The answer includes a few different way as i either assist clients with their trading, trade on behalf of clients or design some automated trading systems to do the trading on my behalf.
First and most important to understand is that we are brokers first and traders second. Our job is to assist our clients, if it is a simple customer service topic with online traders or advice and execution to broker assisted and full service futures traders, we will stay focused on your needs.
I don’t have the desire to actively day-trade or be glued to the screen as I feel it will hinder my job as a broker.
With that in mind I personally use the following strategies/ methods in which I mostly assist clients with and for some execute trades on their behalf:
1. End of day swing trading
2. Weekly analysis for options trades
3. “Structured intraday set ups” that are easy to monitor and implement during the day
4. Automated trading.
1. End of day swing trading: This is done via analysis of the markets at the end of the day and using the daily chart as my main source of technical analysis. I use studies and indicators I have created over the years along with support and resistance levels. I scan a list of about 20 different futures markets and I look for certain conditions that are one of two, either a signal that market is extremely overbought/oversold with good potential to reverse OR conditions that try to predict a short to medium term trend is developing. I will then look for what I call “price confirmation” and will normally try to enter with a STOP order once a certain level is broken. Once in a trade I have initial stop and initial target that I place as GTC orders.
I will then do my best to ONLY update these orders on end of day basis.
2. Weekly options trades: I like to run a scan of 20 liquid markets and look for certain signals that suggest the market is in a trend based on the WEEKLY chart. Based on that I will recommend either options spreads to sell/ write and collect premium OR at certain times, I may recommend buying options or options spreads.
The thought behind SELLING option spreads/premium is that as long as the market does 3 of 4 scenarios, i should be able to collect and keep most of the premium. Example: If my ALGO says gold is in a downtrend on the weekly chart and I choose ( with client) to sell vertical call spread, the trade should succeed as long as gold did one of the following: confirmed signal and continued lower, traded range bound, went higher but not in a strong magnitude. As long as gold in this hypothetical example did NOT make a sharp violent move up, i would keep the premium collected as the options will expire worthless. Of course there is more to that and time value, specific strikes, values of the options GREEKS and more come into play but this is why you have access to a professional series 3 broker, so you can discuss and ask the right questions.
3. “Structured intraday set ups” For this I like to use the Edge Newsletter by ExitPoints.com. More on that as well as a free trial here.
 4. Automated trading: We have access to quite a few trading systems created by different professionals from around the world including a few I created myself. You as a client or potential client can browse quite a few of these systems and select your criteria: day trading versus swing trading, certain markets you prefer, required capital criteria and much more! you can then browse results and see which results are backtested, which are forward tested and which ones are LIVE trading results. You can start browsing right this second…..
The above is just a brief summary of some of the methods/concepts my colleagues and I like to use. Each broker has their own preferred methods. Some will lean towards seasonal spreads, other towards longer term trend following and more.
Feel free to reach out and fill out your trader’s profile at any time.

 

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

07-18-2018

 

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2832.42 7489.42 25341 1714.07 7843.89
Resistance 2 2825.33 7463.58 25269 1704.63 7713.03
Resistance 1 2820.92 7433.17 25225 1698.97 7539.68
Pivot 2813.83 7407.33 25153 1689.53 7408.82
Support 1 2809.42 7376.92 25109 1683.87 7235.47
Support 2 2802.33 7351.08 25037 1674.43 7104.61
Support 3 2797.92 7320.67 24993 1668.77 6931.26
Contract August Gold #GC_F Sept. Silver #SI-F Sept. Crude Oil #CL-F Sept.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1239.1 15.87 70.01 145 24/32 1.1786
Resistance 2 1234.1 15.75 68.95 145 17/32 1.1752
Resistance 1 1230.9 15.66 68.40 145  4/32 1.1722
Pivot 1225.9 15.53 67.34 144 29/32 1.1688
Support 1 1222.7 15.44 66.79 144 16/32 1.1658
Support 2 1217.7 15.32 65.73 144  9/32 1.1624
Support 3 1214.5 15.23 65.18 143 28/32 1.1594
Contract Dec.  Corn #ZC_F Sept. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Aug. Nat Gas #NG_F
Resistance 3 365.9 509.3 874.50 333.93 2.78
Resistance 2 364.3 506.2 868.25 331.87 2.77
Resistance 1 362.7 500.3 863.00 328.73 2.75
Pivot 361.1 497.2 856.75 326.67 2.74
Support 1 359.4 491.3 851.5 323.5 2.7
Support 2 357.8 488.2 845.25 321.47 2.70
Support 3 356.2 482.3 840.00 318.33 2.68

Economic Reports, source: 

http://app.bettertrader.co 

 

73515a8e 661e 4597 bac8 2d0ab7820f29

 

 

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.