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

Watch Videos on Using Support and Resistance Levels and Other Trading Tools! 5.31.2018

Posted on by Ilan

____________________________________________________________________

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

____________________________________________________________________

Dear Traders,

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….

Continue reading “Watch Videos on Using Support and Resistance Levels and Other Trading Tools! 5.31.2018”

What Makes Gold Move? – Resistance Levels 5.29.2018

Posted on by Ilan

____________________________________________________________________

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

____________________________________________________________________

Dear Traders,

What are the Best Approaches for Long-Term Gold Futures Price Forecasting?

Author: Mark O’Brien, Senior Broker at Cannon Trading Co, Inc.

There is no easy answer to what the best strategy is to predicting price movement in gold futures, much less any other commodity. Given that rather glum starting point, there are approaches that analysts and economists use to forecast prices. One most commonly employed is the use of broad-based commodity indexes – in which prices of food, energy, other metals, lumber, etc. are aggregated to gauge overall commodity price inflation – or the lack thereof.

Continue reading “What Makes Gold Move? – Resistance Levels 5.29.2018”

What are the Best Approaches for Long-Term Gold Futures Price Forecasting?

Posted on by Ilan

Author: Mark O’Brien, Senior Broker at Cannon Trading Co, Inc.

There is no easy answer to what the best strategy is to predicting price movement in gold futures, much less any other commodity.  Given that rather glum starting point, there are approaches that analysts and economists use to forecast prices.  One most commonly employed is the use of broad-based commodity indexes – in which prices of food, energy, other metals, lumber, etc. are aggregated to gauge overall commodity price inflation – or the lack thereof.

Another strategy is to look for trends in the economic measurements of major developed and developing countries, such as business and consumer confidence, retail sales, interest rates, production of energy products (unleaded gas, heating oil, jet fuel, natural gas) and industrial metals (steel, aluminum).  These can also be aggregated to provide a broader reflection of global inflation. Continue reading “What are the Best Approaches for Long-Term Gold Futures Price Forecasting?”

View Live Results of Trading Systems & Resistance Levels 5.25.2018.. #ZW_F #ES_F #NQ_F #RTY_F #SI_F #GC_F #CL_F

Posted on by Ilan

____________________________________________________________________

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

____________________________________________________________________

Dear Traders,

Check out our featured systems! Results are based on actual, live trades and you can browse and see the different systems and results on our website.

Cannon Trading Co, Inc. is member of the NFA and registered with the CFTC.

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

Continue reading “View Live Results of Trading Systems & Resistance Levels 5.25.2018.. #ZW_F #ES_F #NQ_F #RTY_F #SI_F #GC_F #CL_F”

Support & Resistance Levels 5.24.2018.. #ZW_F #ES_F #NQ_F #RTY_F #SI_F #GC_F #CL_F

Posted on by Ilan

____________________________________________________________________

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

____________________________________________________________________

Dear Traders,

Memorial Day 2018 Holiday Schedule for CME / Globex and ICE Exchange
 
Memorial Day 2018 Holiday Schedule for CME / Globex and ICE Exchanges

Continue reading “Support & Resistance Levels 5.24.2018.. #ZW_F #ES_F #NQ_F #RTY_F #SI_F #GC_F #CL_F”

Memorial Day 2018 Holiday Schedule for CME / Globex and ICE Exchanges

Posted on by Ilan

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

Memorial Day 2018 Holiday Schedule for CME / Globex and ICE Exchanges

Continue reading “Memorial Day 2018 Holiday Schedule for CME / Globex and ICE Exchanges”

Trading ALGO Free Trial + Support & Resistance Levels 5.23.2018.. #ZW_F #ES_F #NQ_F #RTY_F #SI_F #GC_F #CL_F

Posted on by Ilan

____________________________________________________________________

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

____________________________________________________________________

Dear Traders,
Free trial to REAL TIME trading ALGO Signals
Below you will see a crude oil chart from last two days sessions.
In the chart you will see red and green marks. Green mark suggest a possible buy signal ( need to confirm with a couple of other rules) and red square = sell signal once confirmed with 2 other rules.
Crude Oil Chart From Last two Days Sessions

These ALGOS along with a 15 minutes one on one session is available for a free trial.

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

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

Continue reading “Trading ALGO Free Trial + Support & Resistance Levels 5.23.2018.. #ZW_F #ES_F #NQ_F #RTY_F #SI_F #GC_F #CL_F”

Which Market Should I (day) Trade? + Support & Resistance Levels 5.21.2018.. #ZW_F #ES_F #NQ_F #RTY_F #SI_F #GC_F #CL_F

Posted on by Ilan

____________________________________________________________________

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

____________________________________________________________________

Dear Traders,
Which Market Should I be (day) Trading?
1. Know and follow more than one market. I think one should have familiarity and follow about 5 different markets ( or more depending account size and time) in general.
2. Understand what type of market conditions you trade better in? Volatile? “dead”, choppy or perhaps trending?
3. Have a view of these markets from longer term outlook and behavior.
4. Trade the markets that fit your strengths.
 
Example: If I am following gold, crude, bonds, mini nasdaq and mini SP for educational purposes….If I know that I trade better in markets that have larger intraday swings and volatility than lets say trending markets or “quiet markets” I would be focusing on the mini NASDAQ as my primary market now days as it is the one fitting my profile the best.
 
If “choppy” markets suits my trading style better, I would probably look at gold as of recently.
 
This will change as markets go through different cycles, from lower volatility to higher volatility. Trending to choppy etc. 
 
Etc. etc. etc. 

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

Continue reading “Which Market Should I (day) Trade? + Support & Resistance Levels 5.21.2018.. #ZW_F #ES_F #NQ_F #RTY_F #SI_F #GC_F #CL_F”

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

Posted on by Ilan

____________________________________________________________________

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

____________________________________________________________________

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

____________________________________________________________________

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

____________________________________________________________________

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”

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.