Cannon Trading / E-Futures.com
Excellent reading material about the psychology behind trading in our weekly futures trading newsletter. Continue reading “Futures Trading Levels, Bernanke Testifies Tomorrow”
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.
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Futures Trading Levels, Dow Jones Update Day 3
Cannon Trading / E-Futures.com
On Friday and yesterday I wrote the following below:
Friday: Looking at the Mini Dow Jones daily chart below, i will need to see a break below 12528 in order to get more confidence that the trend is starting to reverse and that odds prefer the down side.
Monday: Now that we broke this level, the next question is possible targets on the down side as well as protection on the top….Updated chart for your review below. I am looking at 126.05 as resistance above and 12374 as initial target below:
Today ( Tuesday, July 12th 2011)
With recent price action and looking at updated chart below, I would look for failed rallies against today’s high at 12516 and possible test of next target at 12267
Daily Chart of the Mini Dow Jones from July 12th 2011
Would you like to have access to my DIAMOND ALGO as shown above and be able to apply for any market and any time frame? The screen shot above is of the Mini Dow from today.
If so, please send me an email with the following information:
- Are you currently trading futures?
- Charting software you use?
- If you use sierra or ATcharts, please let me know the user name so I can enable you.
- Markets you currently trading? Continue reading “Futures Trading Levels, Dow Jones Update Day 3”
Futures Trading Levels, Dow Jones Update
Cannon Trading / E-Futures.com
On Friday I wrote the paragraph below:
Looking at the Mini Dow Jones daily chart below, i will need to see a break below 12528 in order to get more confidence that the trend is starting to reverse and that odds prefer the down side.
Now that we broke this level, the next question is possible targets on the down side as well as protection on the top….
Updated chart for your review below. I am looking at 126.05 as resistance above and 12374 as initial target below:
Daily Chart of the Mini Dow Jones from July 11th 2011
Would you like to have access to my DIAMOND ALGO as shown above and be able to apply for any market and any time frame? The screen shot above is of the Mini Dow from today.
If so, please send me an email with the following information:
- Are you currently trading futures?
- Charting software you use?
- If you use sierra or ATcharts, please let me know the user name so I can enable you.
- Markets you currently trading? Continue reading “Futures Trading Levels, Dow Jones Update”
Futures Trading Levels, Mini Dow Jones Affected by Bearish Job Data
Cannon Trading / E-Futures.com
Market sold off on bearish jobs data earlier this morning. We saw a good bounce in the last half of the trading session.
Looking at the Mini Dow Jones daily chart below, I will need to see a break below 12528 in order to get more confidence that the trend is starting to reverse and that odds prefer the down side.
Daily Chart of the Mini Dow Jones from July 8th 2011
Would you like to have access to my DIAMOND ALGO as shown aboveand be able to apply for any market and any time frame? The screen shot above is of the Mini Dow from today.
If so, please send me an email with the following information:
- Are you currently trading futures?
- Charting software you use?
- If you use sierra or ATcharts, please let me know the user name so I can enable you.
- Markets you currently trading? Continue reading “Futures Trading Levels, Mini Dow Jones Affected by Bearish Job Data”
Futures Trading Levels, Watch for Monthly Unemployment Numbers Tomorrow
Cannon Trading / E-Futures.com
Would you like to have access to my DIAMOND ALGO as shown below and be able to apply for any market and any time frame? The screen shot below is of the Mini Russell from earlier today.
If so, please send me an email with the following information:
- Are you currently trading futures?
- Charting software you use?
- If you use sierra or ATcharts, please let me know the user name so I can enable you.
- Markets you currently trading?
Daily Chart of the Mini Russell from July 7th 2011
Monthly Unemployment numbers tomorrow before the cash market open…..
Continue reading “Futures Trading Levels, Watch for Monthly Unemployment Numbers Tomorrow”
Futures Trading Levels, Recommended Trading Psychology Reading
Cannon Trading / E-Futures.com
Good reading/Articles in our weekly newsletter about trading psychology. I recommend reading to further your trading education. Continue reading “Futures Trading Levels, Recommended Trading Psychology Reading”
Futures Trading Levels, Lower Volume After Weekend
Cannon Trading / E-Futures.com
Lower volume to resume trading after the fourth of July long weekend.
Summer season sometimes have different characteristics than other times of the year. Pay attention to reports and trading volume.
Daily chart of the mini Russell for your review below. I think if market can take out 833.00 we may see a deeper correction, otherwise the path of less resistance will continue to be to the upside.
Daily Mini Russell Chart from July 5, 2011
Continue reading “Futures Trading Levels, Lower Volume After Weekend”
Futures Trading Levels, Holiday Trading Hours
Cannon Trading / E-Futures.com
HAPPY 4TH OF JULY!!
Click for a PDF of the CME Group Holiday Calendar
Independence Day Trading Schedule
Friday, July 1
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
3:15 pm Close: Financial and Index products
* All other products regular close
EUREX
Regular Close
OneChicago
Regular Close
NYSE
Regular Close
Forex
Regular Close
Sunday, July 3
CME Group (Floor)
ClosedNYMEX (Floor)
Closed
GLOBEX
Regular Open
* Exceptions – Dairy, Crude Palm Oil, Livestock, GSCI, Lumber, Weather, CBOT/KCBT/MGEX Grains, Ethanol, TRAKRS and Dow UBS ER products closed
ICE
Regular Open
* Exceptions – Soft and Open outcry products closed
EUREX
Regular Open
* Exceptions – US, Brazilian, Canadian Equity Derivatives and Hurricane Futures closed
OneChicago
Closed
NYSE
Closed
Forex
Regular Open
Monday, July 4
CME Group (Floor)
ClosedNYMEX (Floor)
Closed
GLOBEX
Closed: Dairy, Crude Palm Oil, Livestock, GSCI, Lumber, Weather, CBOT/KCBT/MGEX Grains, Ethanol, TRAKRS and Dow UBS ER products
10:30 am Close: Equity products
12:00 pm Close: Interest Rate, Financial, Foreign Exchange, Real Estate, and Wood Pulp products
12:15 pm Close: NYMEX/COMEX/DME and Green Exchange products
*Trading Resumes at the times listed below*
5:00 pm Open: Equity, Interest Rate, Foreign Exchange, Dairy, Crude Palm Oil, GSCI, Weather, Real Estate, Wood Pulp, NYMEX/COMEX/DME and Green Exchange products
5:30 pm Open: Financial products
6:00 pm Open: CBOT/KCBT/MGEX Grain and Ethanol products
ICE
Closed: Softs and Open outcry products
10:30 am Close: Index products
12:00 pm Close: Financial products
EUREX
Closed: US, Brazilian, Canadian Equity Derivatives and Hurricane Futures
*No cash payment in USD
OneChicago
Closed
NYSE
Closed
Forex
Regular Close
*All hours listed in Central Time
The above calendar is compiled from sources believed to be reliable. Cannon Trading assumes no responsibility for any errors or omissions. It is meant as an alert to events that may affect trading strategies and is not necessarily complete. The closing times for certain contracts may have been rescheduled.
If you have any questions please contact your broker.
Continue reading “Futures Trading Levels, Holiday Trading Hours”
Futures Trading Levels, July 4th weekend Trading Hours
Cannon Trading / E-Futures.com
Wishing all of you a great trading month in July and Happy 4th of July weekend!
Daily chart of Mini SP 500 for review below, followed by Holiday hours.
The 1321 to 1323 area may prove to be hard resistance to break. Also last few months I have noticed a rally the last day of the month, followed by a sell off the first or second trading of the month….**
Daily Mini S&P 500 Chart from June 30th, 2011
Independence Day Trading Schedule
Friday, July 1
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
3:15 pm Close: Financial and Index products
* All other products regular close
EUREX
Regular Close
OneChicago
Regular Close
NYSE
Regular Close
Forex
Regular Close
Sunday, July 3
CME Group (Floor)
ClosedNYMEX (Floor)
Closed
GLOBEX
Regular Open
* Exceptions – Dairy, Crude Palm Oil, Livestock, GSCI, Lumber, Weather, CBOT/KCBT/MGEX Grains, Ethanol, TRAKRS and Dow UBS ER products closed
ICE
Regular Open
* Exceptions – Soft and Open outcry products closed
EUREX
Regular Open
* Exceptions – US, Brazilian, Canadian Equity Derivatives and Hurricane Futures closed
OneChicago
Closed
NYSE
Closed
Forex
Regular Open
Monday, July 4
CME Group (Floor)
ClosedNYMEX (Floor)
Closed
GLOBEX
Closed: Dairy, Crude Palm Oil, Livestock, GSCI, Lumber, Weather, CBOT/KCBT/MGEX Grains, Ethanol, TRAKRS and Dow UBS ER products
10:30 am Close: Equity products
12:00 pm Close: Interest Rate, Financial, Foreign Exchange, Real Estate, and Wood Pulp products
12:15 pm Close: NYMEX/COMEX/DME and Green Exchange products
*Trading Resumes at the times listed below*
5:00 pm Open: Equity, Interest Rate, Foreign Exchange, Dairy, Crude Palm Oil, GSCI, Weather, Real Estate, Wood Pulp, NYMEX/COMEX/DME and Green Exchange products
5:30 pm Open: Financial products
6:00 pm Open: CBOT/KCBT/MGEX Grain and Ethanol products
ICE
Closed: Softs and Open outcry products
10:30 am Close: Index products
12:00 pm Close: Financial products
EUREX
Closed: US, Brazilian, Canadian Equity Derivatives and Hurricane Futures
*No cash payment in USD
OneChicago
Closed
NYSE
Closed
Forex
Regular Close
*All hours listed in Central Time
The above calendar is compiled from sources believed to be reliable. Cannon Trading assumes no responsibility for any errors or omissions. It is meant as an alert to events that may affect trading strategies and is not necessarily complete. The closing times for certain contracts may have been rescheduled.
If you have any questions please contact your broker.
Continue reading “Futures Trading Levels, July 4th weekend Trading Hours”
Futures Trading Levels, Independence Day Weekend Trading Schedule
Cannon Trading / E-Futures.com
Independence Day Trading Schedule
Friday, July 1
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
3:15 pm Close: Financial and Index products
* All other products regular close
EUREX
Regular Close
OneChicago
Regular Close
NYSE
Regular Close
Forex
Regular Close
Sunday, July 3
CME Group (Floor)
ClosedNYMEX (Floor)
Closed
GLOBEX
Regular Open
* Exceptions – Dairy, Crude Palm Oil, Livestock, GSCI, Lumber, Weather, CBOT/KCBT/MGEX Grains, Ethanol, TRAKRS and Dow UBS ER products closed
ICE
Regular Open
* Exceptions – Soft and Open outcry products closed
EUREX
Regular Open
* Exceptions – US, Brazilian, Canadian Equity Derivatives and Hurricane Futures closed
OneChicago
Closed
NYSE
Closed
Forex
Regular Open
Monday, July 4
CME Group (Floor)
ClosedNYMEX (Floor)
Closed
GLOBEX
Closed: Dairy, Crude Palm Oil, Livestock, GSCI, Lumber, Weather, CBOT/KCBT/MGEX Grains, Ethanol, TRAKRS and Dow UBS ER products
10:30 am Close: Equity products
12:00 pm Close: Interest Rate, Financial, Foreign Exchange, Real Estate, and Wood Pulp products
12:15 pm Close: NYMEX/COMEX/DME and Green Exchange products
*Trading Resumes at the times listed below*
5:00 pm Open: Equity, Interest Rate, Foreign Exchange, Dairy, Crude Palm Oil, GSCI, Weather, Real Estate, Wood Pulp, NYMEX/COMEX/DME and Green Exchange products
5:30 pm Open: Financial products
6:00 pm Open: CBOT/KCBT/MGEX Grain and Ethanol products
ICE
Closed: Softs and Open outcry products
10:30 am Close: Index products
12:00 pm Close: Financial products
EUREX
Closed: US, Brazilian, Canadian Equity Derivatives and Hurricane Futures
*No cash payment in USD
OneChicago
Closed
NYSE
Closed
Forex
Regular Close
*All hours listed in Central Time
The above calendar is compiled from sources believed to be reliable. Cannon Trading assumes no responsibility for any errors or omissions. It is meant as an alert to events that may affect trading strategies and is not necessarily complete. The closing times for certain contracts may have been rescheduled.
If you have any questions please contact your broker.
Continue reading “Futures Trading Levels, Independence Day Weekend Trading Schedule”