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.
Friday, January 13
CME Group (Floor)
Regular Close
NYMEX (Floor)
Regular Close
GLOBEX
3:15 pm Close: Interest Rate, Foreign Exchange, GSCI, Wood Pulp, Crude Palm Oil and Green Exchange products
*All other products regular close
ICE
Regular Close
EUREX
Regular Close
OneChicago
Regular Close
NYSE
Regular Close
Nadex
Regular Close
Forex
Regular Close
Sunday, January 15 Continue reading “Martin Luther King Jr Day Futures Trading Hours and Holiday Trading Schedule”
| Contract (Dec. 2011) | Mini S&P 500 | Mini Nasdaq 100 | Dow Jones | Mini Russell 2000 | 30-Year US Bond | 10-Year US Note |
| Resistance Level 3——————————————Resistance Level 2
—————————————— Resistance Level 1 —————————————— Support Level 1 —————————————— Support Level 2 —————————————— Support Level 3 |
1309.751301.50
1297.5
1278.75
1272
1258.5 |
24092399
2387
2365
2355
2335 |
1274912600
12465
12341
12323
12262 |
781.6773.7
771
761.4
756.3
747.3 |
1442614418
14407
14323
14309
14217 |
1313013114
13112
13102
13028.5
13018.5 |
Continue reading “Friday Morning Support and Resistance Levels”
Jump to a section in this post:
1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – March Corn, March Wheat, Jan Beans, March Silver
5. Economic Reports for Friday, January 13, 2012
View the Holiday Trading Schedule Here
| Contract (Dec. 2011) | SP500 (big & Mini) |
Nasdaq100 (big & Mini) |
Dow Jones (big & Mini) |
Mini Russell |
| Resistance Level 3 | 1307.67 | 2414.33 | 12543 | 785.53 |
| Resistance Level 2 | 1300.08 | 2397.67 | 12482 | 778.27 |
| Resistance Level 1 | 1296.17 | 2388.33 | 12448 | 773.13 |
| Pivot Point | 1288.58 | 2371.67 | 12387 | 765.87 |
| Support Level 1 | 1284.67 | 2362.33 | 12353 | 760.73 |
| Support Level 2 | 1277.08 | 2345.67 | 12292 | 753.47 |
| Support Level 3 | 1273.17 | 2336.33 | 12258 | 748.33 |
| Contract | Feb. Gold | Dec. Euro | Jan. Crude Oil | March. Bonds |
| Resistance Level 3 | 1676.0 | 1.3029 | 106.34 | 144 30/32 |
| Resistance Level 2 | 1669.4 | 1.2939 | 104.66 | 144 19/32 |
| Resistance Level 1 | 1660.1 | 1.2883 | 101.86 | 144 4/32 |
| Pivot Point | 1653.5 | 1.2793 | 100.18 | 143 25/32 |
| Support Level 1 | 1644.2 | 1.2737 | 97.38 | 143 10/32 |
| Support Level 2 | 1637.6 | 1.2647 | 95.70 | 142 31/32 |
| Support Level 3 | 1628.3 | 1.2591 | 92.90 | 142 16/32 |
| Contract | March Corn | March Wheat | Jan. Beans | March. Silver |
| Resistance Level 3 | 616.5 | 618.8 | 1232.00 | 3144.5 |
| Resistance Level 2 | 615.5 | 614.2 | 1209.50 | 3106.0 |
| Resistance Level 1 | 613.5 | 609.6 | 1196.00 | 3064.0 |
| Pivot Point | 612.5 | 604.9 | 1173.50 | 3025.5 |
| Support Level 1 | 610.5 | 600.3 | 1160.0 | 2983.5 |
| Support Level 2 | 609.5 | 595.7 | 1137.50 | 2945.0 |
| Support Level 3 | 607.5 | 591.1 | 1124.00 | 2903.0 |
Continue reading “Market Commentary – Support and Resistance Levels”
| Contract (Dec. 2011) | Mini S&P 500 | Mini Nasdaq 100 | Dow Jones | Mini Russell 2000 | 30-Year US Bond | 10-Year US Note |
| Resistance Level 3——————————————Resistance Level 2
—————————————— Resistance Level 1 —————————————— Support Level 1 —————————————— Support Level 2 —————————————— Support Level 3 |
1309.751301.50
1297.5
1288
1283
1274.25 |
24092399
2383
2363
2352
2333 |
1274912600
12463
12341
12312
12262 |
781.6773.7
771
761.2
756
746.7 |
1442614418
14407
14316
14303
14214 |
13130 (all time high)13114
13110
13100.5
13027
13018 |
Continue reading “Thursday Morning Support and Resistance Levels”
Jump to a section in this post:
1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – March Corn, March Wheat, Jan Beans, March Silver
5. Economic Reports for Thursday, January 12, 2012
Cannon Trading Education
8 Steps to Successful Futures Day Trading
Introduction
My name is Ilan Levy-Mayer and I am the Vice President and Senior Broker at Cannon Trading. I came up with the following personal observations after serving online traders worldwide for more than 14 years. The following steps are guides to progress, and are not necessarily in sequential order. Some of them are always required, but each trader is different and will relate to these stages in their own ways. While attempting to learn and progress, one must keep in mind that futures trading is risky and can involve significant losses.
1.Education
Hopefully if you are already trading you have completed your initial education: contract specs, trading hours, brokers, platforms, the opportunities as well as the risk and need to use risk capital in futures, and so on. Understanding this information is essential to trading. The second type of education is ongoing: learning about trading techniques, the evolution of markets, different trading tools, and more.
2.Find a System
I am definitely not advising you to go on the web and subscribe to a “black box” system (using buy/sell triggers if don’t know why they are being generated). What I am advising is developing a trading technique: a general set of rules and a trading concept. As you progress, you may want to put the different rules and indicators into a computerized system, but the most important factor is to have a focus and a plan. Don’t just wake up in the morning and trade “blank.” Continue reading “8 Steps to Successful Futures Day Trading | Support and Resistance Levels”
| Contract (Dec. 2011) | Mini S&P 500 | Mini Nasdaq 100 | Dow Jones | Mini Russell 2000 | 30-Year US Bond | 10-Year US Note |
| Resistance Level 3——————————————
Resistance Level 2 —————————————— Resistance Level 1 —————————————— Support Level 1 —————————————— Support Level 2 —————————————— Support Level 3 |
1309.75
1392.00
1289
1279.75
1272
1267.75 |
2409
2399
2375
2349
2334.5
2312 |
12749
12600
12463
12341
12312
12262 |
768.4
767
763.8
751.5
743.9
731.6 |
14426
14331
14324
14231
14219
14201 |
13107.5
13104
13101.5
13022
13013
13014.5 |
Jump to a section in this post:
1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – March Corn, March Wheat, Jan Beans, March Silver
5. Economic Reports for Wednesday, January 11, 2012
So after periods of high volatility towards the end of last year, the last few weeks we saw very tight and narrow ranges.
I am still hoping that this is due to the holidays and end of the year trading and not a market environment that is here to stay with us…..
Last few days ranges on the mini SP have been quite narrow in comparison to November and October of 2011.
Every trader is different and some prefer the “quieter, slower” trading environment, while others prefer “instant gratification or punishment” = volatility.
The crude oil market definitely falls into the second category and below is an intraday chart from part of this morning trading.
I am using 180 tick chart and you can see that in approximately 18 minutes time frame the crude market had a range of about 60 cents which equals to $600 per one contract, against you or in your favor….but the point is, this market has higher volatility and ranges.
Continue reading “Intraday Chart | Support and Resistance Levels”
| Contract (Dec. 2011) | Mini S&P 500 | Mini Nasdaq 100 | Dow Jones | Mini Russell 2000 | 30-Year US Bond | 10-Year US Note |
| Resistance Level 3——————————————
Resistance Level 2 —————————————— Resistance Level 1 —————————————— Support Level 1 —————————————— Support Level 2 —————————————— Support Level 3 |
1309.75
1301.50
1289
1282.5
1278.5
1271.25 |
2409
2399
2375
2354.25
2345
2328 |
12749
12600
12463
12402
12369
12312 |
768.4
767
761.5
754
750
743 |
14324
14303
14222
14208
14110
14025 |
13104
13028
13023
13019
13013
13003 |
Continue reading “Tuesday Morning Support and Resistance Numbers”
Jump to a section in this post:
1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – March Corn, March Wheat, Jan Beans, March Silver
5. Economic Reports for Tuesday, January 10, 2012
Still lighter volume than normal today….Choppy action.
Weekly chart for longer term view below:
Continue reading “Weekly Chart for Long Term Review | Support and Resistance Levels”
| Contract (Dec. 2011) | Mini S&P 500 | Mini Nasdaq 100 | Dow Jones | Mini Russell 2000 | 30-Year US Bond | 10-Year US Note |
| Resistance Level 3——————————————
Resistance Level 2 —————————————— Resistance Level 1 —————————————— Support Level 1 —————————————— Support Level 2 —————————————— Support Level 3 |
1289
1282.25
1279
1260.5
1249
1239 |
2409
2375
2364
2348
2340
2325 |
12600
12498
12415
12226
12127
12038 |
768.4
759
752.6
747.6
745
740.30 |
14324
14309
14229
14217
14202
14025 |
13114 (all time high)13107.5
13029
13019
13013
13003 |
Continue reading “Monday Morning Support and Resistance Numbers”