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

Support and Resistance Futures Levels 6.17.2016

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Friday June 17, 2016

Hello Traders,

Futures Levels 6.16.2016

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Thursday June 16, 2016

Hello Traders,

There will be no commentary today

Continue reading “Futures Levels 6.16.2016”

FOMC + Futures Levels & Economic Reports for June 15th 2016

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Wednesday June 15, 2016

Hello Traders,

Cannon Trading’s new eBook

FRONT MONTH for STOCK INDEX, CURRENCIES and FINANCIALS is September!!

The FOMC interest rate decision is due at 2:15 ET in the US tomorrow ( Wednesday, June 15th ). Also more than a few economic numbers ahead of the announcement.

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 2065.00 with a stop at 2059.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 2059.75 and place a stop a few points below in this hypothetical example.
  • 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

Continue reading “FOMC + Futures Levels & Economic Reports for June 15th 2016”

Free Futures Forthright eBook 6.14.2016

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Tuesday June 14, 2016

Hello Traders,

Cannon Trading’s new eBook

Fresh off the press is Cannon Trading’s new eBook! Written by our very own staff of brokers, this eBook is designed as a guide to the commodities market for both beginners and veterans alike.
Futures Forthright eBook

Inside you can find:

  • A plan with steps for success
  • The top mistakes traders make daily
  • How to handle the market noise
  • And much more!

The futures industry is complex and risky, which is why you need someone to be forthright with you….

Futures Forthright eBook -FREE INSTANT DOWNLOAD

Continue reading “Free Futures Forthright eBook 6.14.2016”

Front month for e-minis and currencies is now September 6.10.2016

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Friday June 10, 2016

Hello Traders,

For 2016 I would like to wish all of you discipline and patience in your trading!

Voted #1 futures trading blog! 

A Volume Weighted Average Price Spread tool to gauge the quarterly roll over activity in the Mini S&P market.:

http://www.cmegroup.com/trading/equity-index/paceofroll/main.html

September is now FRONT MONTH for index, currencies and financial futures. Examples are mini SP 500, Euro currency, Treasury bonds.

Should you have any further question please contact your broker.

Continue reading “Front month for e-minis and currencies is now September 6.10.2016”

Rollover Notice for the Emini Futures 6.09.2016

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Thursday June 09, 2016

Hello Traders,

For 2016 I would like to wish all of you discipline and patience in your trading!

Voted #1 futures trading blog! 

“Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria.” -Sir John Templeton
Weekly chart of Dow Jones Cash below for your review.

Dow Jones Cash Weekly Chart

Rollover notice!!

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, the “Big” pit-traded S&P 500, etc., it is extremely important to remember that tomorrow, Thursday, June 9th, at 8:30 am CDT  Time is rollover day.

Starting June 9th, the September 2016 futures contracts will be the front month contracts. It is recommended that all new positions be placed in the September 2016 contract as of June 9th. Volume in the June 2016 contracts will begin to drop off until its expiration on Friday June 17th.

The month code for September is U6.

Traders with electronic trading software should make sure that defaults reflect the proper contract as of Thursday morning.

Please close any open March Currency positions BEFORE the close on Friday the 10th.

Should you have any further question please contact your broker.

Continue reading “Rollover Notice for the Emini Futures 6.09.2016”

Day Trading Crude Oil Futures 6.08.2016

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Wednesday June 08, 2016

Hello Traders,

For 2016 I would like to wish all of you discipline and patience in your trading!

Voted #1 futures trading blog! 

Crude Oil numbers tomorrow morning. As of lately it has been one of the more followed reports by all markets…..

I wrote this piece about day trading crude oil futures a couple of years ago and it is still very valid in my opinion:

Trading 102: Day Trading Using fear and greed ( using Crude Oil futures as an example)

Crude Oil Futures volatility offers a “different market personality” than stock index futures. Here is some of the things you need to know about day trading crude oil futures:

By: Ilan Levy-Mayer, Cannon Trading Commodities Broker & VP

Crude Oil is one of MY favorite futures markets for day trading. Before I dive in and share with you how the volatility in crude oil fits my risk tolerance for day trading and provide a couple of chart examples, we should review some of the specifications of Crude Oil Futures.

Crude Oil Futures have monthly expiration. So each month we trade a different contract month, so one needs to know when the first notice day and last trading day for crude oil futures are, in order to always make sure we are trading the proper month with the most liquidity and avoid any chance of getting into a delivery situation.

Next is the contract size. Crude Oil futures are based on 1000 barrels. To be honest from a day trading perspective all I care is that each tick or 1 cent fluctuation is $10 against me or in my favor per contract. That means that a move from 92.94 to 92.74 = $200.

Continue reading “Day Trading Crude Oil Futures 6.08.2016”

Thursday June 2nd is full of market moving numbers!

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Thursday June 02, 2016

Hello Traders,

For 2016 I would like to wish all of you discipline and patience in your trading!

Voted #1 futures trading blog! 

Looking at the calendar of reports on section 3 below and I think we  may have a volatile, big day tomorrow across many markets.

We have OPEC meeting, Crude Oil numbers ( postponed from today due to memorial day ). Natural gas numbers, ECB rate, challenger job report here, UK exit or not to exit the EU vote and more…..Should be an interesting day.

Make sure you are aware of the different times of reports/news events and how they can affect the specific markets you are trading.

Continue reading “Thursday June 2nd is full of market moving numbers!”

Heikin-Ashi Gold Chart 6.01.2016

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Wednesday June 01, 2016

Hello Traders,

For 2016 I would like to wish all of you discipline and patience in your trading!

Voted #1 futures trading blog! 

Sell in May and go away…did not happen….at least so far. Stocks finished the month strong and markets overall were somewhat quiet today, considering this was the last trading day of the month. Perhaps tired from the long weekend we had here in the US.

Won’t stay quite for long. We have EU rate decision early Thursday and monthly unemployment here in the US on Friday so I do expect volatility and volume to pick up.

I wish all of you a great trading month in June!
Monthly chart of gold futures for your review below:

Heikin-Ashi Chart

Continue reading “Heikin-Ashi Gold Chart 6.01.2016”

iSystems: Plataformas de sistemas comerciale Levels and Reports 5.27.2016

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Friday May 27, 2016

Hello Traders,

For 2016 I would like to wish all of you discipline and patience in your trading!

Voted #1 futures trading blog!  

Dear Traders,

We are excited to announce that our new technology, iSystems is now available in Spanish!

This cutting edge platform allows you to browse, filter, select, monitor and when ready trade live many different systems based on different, tested algorithms.

We will be happy to assist or answer any questions.

Start your journey now! https://cannon.isystems.com 

Estimado Comerciante,

Estamos muy contentos de anunciar que nuestra nueva tecnologia de , Systems, ahora disponible en espanol !

Esta plataforma de vanguardia le permite navegar , filtrar , seleccionar,

controlar y , cuando este listo, podra comprar y vender en  vivo en linea
bajo varios sistemas basados en diferentes algoritmos comprobados.

Estaremos encantados de ayudarle o responder a cualquier pregunta .

Comience  ahora!  https://cannon.isystems.com 

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.