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 and Day Trading Webinar Trial, October 27th 2010

Posted on by Ilan

Stocks finished pretty much unchanged today, which brings me to another point….

There ARE OTHER MARKETS one can day-trade….Most day-traders focus on the Mini SP 500 and it’s relatives:
Mini Nasdaq, Mini Dow, Mini Russell etc. because of volume, familiarity, trading hours etc.

However, markets like bonds, Euro Currency, Crude oil, beans, corn to name a few do offer day trading opportunities and risks. Different market have different personalities which may fit different traders. Different markets also have different trading hours when volatility is present, different volatility at different times and other

characteristics which traders may want to explore. During the day-trading charts service I hold daily, I feature the mini SP 500 chart along with Euro currency and Crude oil and possible trade set ups.

As always I recommend using demo account when exploring trading in market you normally don’t trade, as well as performing some research regarding tick size, price behavior and more.

FREE Trial for the Day-Trading Charts Service:
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https://www.cannontrading.com/tools/intraday-futures-trading-signals
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Futures and Commodity Trading Levels for October 26th, 2010

Posted on by Ilan

Weekly chart of the mini Russell 2000 for your review below.

SP-500-Day-Trading-2010-10-26

Continue reading “Futures and Commodity Trading Levels for October 26th, 2010”

Daily Support & Resistance and Economic Data to be Released, October 22nd 2010

Posted on by Ilan

 

 

 

Daily Support & Résistance Levels Mini-S&P 500 Futures
Dec. 10		 Mini-Nasdaq 100 Futures
Dec. 10		 Mini-Dow Futures
Dec. 10		 Mini Russell 2000 Futures
Dec.10		 30-year US Bond Futures
Dec. 10		 10-Year US Note
Futures Dec. 10
Support 3 1167.25 2051.50 11014 688.10 12926 12528
Support 2 1172.00 2066.00 11053 692.70 13025 12602
Support 1 1175.00 2076.00 11077 695.60 13109 12610
Resistance 1 1186.25 2104.75 11164 709.50 13129 12621
Resistance 2 1189.50 2118.00 11213 711.70 13210 12628
Resistance 3 1196.75 2133.00 11289 719.70 13230 12707
Daily Support & Resistance Levels
 Gold Futures
Dec.2010		 Silver Futures
Dec. 2010		 Copper Futures
Dec. 2010		 Crude Oil Futures
Nov. 2010		 Euro Curr.
Dec. 2010		 Dollar Index
Dec. 2010
Support 3 1273.7 21.36 3.695 79.90 1.3763 .7634
Support 2 1300.7 22.21 3.720 80.72 1.3819 .7706
Support 1 1315.6 23.16 3.752 81.11 1.3850 .7740
Resistance 1 1334.0 23.37 3.850 81.87 1.4042 .7795
Resistance 2 1343.0 23.65 3.868 82.49 1.4100 .7802
Resistance 3 1360.0 24.15 3.880 83.10 1.4156 .7861

Updated: 22-Oct-10 07:55 ET

This Week’s Calendar

Date ET Release For Actual Briefing.com Consensus Prior Revised From
Oct 25 10:00 Existing Home Sales Sep NA NA 4.25M 4.13M NA
Oct 26 09:00 Case-Shiller 20-city Index Aug NA NA NA 3.18% NA
Oct 26 10:00 Consumer Confidence Oct NA NA NA -0.5% NA
Oct 26 10:00 FHFA Home Price Index Aug NA NA 1.4 -0.7 NA
Oct 27 7:00 MBA Mortgage Applications 10/22 NA NA NA -10.5% NA
Oct 27 8:30 Durable Orders Sep NA NA 0.8% 4.13M -1.3%
Oct 27 8:30 Durable Orders – ex transporation Aug NA -0.2% 4.25M 2.0% NA
Oct 27 10:00 New Home Sales Sep NA NA 297K 288K NA
Oct 27 10:30 Crude Inventories 10/23 NA NA NA 0.667M NA
Oct 28 8:30 Initial Claims 10/23 NA NA NA 452K NA
Oct 28 8:30 Continuing Claims 10/16 NA NA NA 4441K NA
Oct 29 8:30 GDP-Adv. Q3 NA NA 2.4% 1.7% NA
Oct 29 8:30 Chain Deflator-Adv. Q3 NA NA NA 1.9% NA
Oct 29 8:30 Employment Cost Index Q3 NA NA 0.5% 0.5% NA
Oct 29 9:45 Chicago PMI Oct NA NA NA 60.40 NA
Oct 29 9:55 Michigan Sentiment – Final Oct NA NA 68.0 67.9 NA

Continue reading “Daily Support & Resistance and Economic Data to be Released, October 22nd 2010”

Daily Support & Resistance and Economic Data to be Released, October 21th 2010

Posted on by Ilan

 

 

 

Daily Support & Résistance Levels Mini-S&P 500 Futures
Dec. 10		 Mini-Nasdaq 100 Futures
Dec. 10		 Mini-Dow Futures
Dec. 10		 Mini Russell 2000 Futures
Dec.10		 30-year US Bond Futures
Dec. 10		 10-Year US Note
Futures Dec. 10
Support 3 1166.00 2071.00 10964 695.30 13119 12602
Support 2 1172.25 2082.00 11028 699.90 13204 12616
Support 1 1176.00 2090.00 11064 702.50 13213 12621
Resistance 1 1182.25 2102.00 11132 707.30 13230 12707.5
Resistance 2 1188.25 2118.00 11154 711.70 13303 12714
Resistance 3 1196.75 2133.00 11213 719.70zb 13320 12722
Daily Support & Resistance Levels
 Gold Futures
Dec.2010		 Silver Futures
Dec. 2010		 Copper Futures
Dec. 2010		 Crude Oil Futures
Nov. 2010		 Euro Curr.
Dec. 2010		 Dollar Index
Dec. 2010
Support 3 1297.0 23.27 3.766 79.90 1.3867 76.33
Support 2 1319.0 23.57 3.793 80.97 1.3909 76.75
Support 1 1328.0 23.76 3.810 81.63 1.3956 77.21
Resistance 1 1343.0 23.91 3.836 82.49 1.4042 77.65
Resistance 2 1351.0 24.11 3.868 83.10 1.4100 77.84
Resistance 3 1358.0 24.31 3.880 85.10 1.4156 78.02

Updated: 21-Oct-10 08:30 ET

This Week’s Calendar

Click on a “Release” for Insight

Date ET Release For Actual Briefing.com Consensus Prior Revised From
Oct 21 08:30 Initial Claims 10/16 452K 450K 455K 475K 462K
Oct 21 08:30 Continuing Claims 10/09 94441K 4450K 4400K 4450K 4399K
Oct 21 08:30 Leading Indicators Sep NA 0.3% 0.3% 0.3%
Oct 21 08:30 Philadelphia Fed Oct NA 1.5 1.4 -0.7

Continue reading “Daily Support & Resistance and Economic Data to be Released, October 21th 2010”

Weekly Futures Trading Newsletter and Daily Levels for October 21st 2010

Posted on by Ilan

Our Weekly Newsletter is Now Available for Your Review at:
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https://www.cannontrading.com/community/newsletter/
************************************************************************* Continue reading “Weekly Futures Trading Newsletter and Daily Levels for October 21st 2010”

Futures Trading Market Levels for October 20th 2010

Posted on by Ilan

The 23rd anniversary of the 1987 crash was today and respectively, market finished down about 1.3%…..

Daily chart of the mini NASDAQ 100 for your review below. If the sell signal materializes, first target will be around 2019.00.

SP-500-Day-Trading-2010-10-20 Continue reading “Futures Trading Market Levels for October 20th 2010”

Free Day Trading Webinar Trial, October 18th 2010

Posted on by Ilan

Have a great weekend!! take time to clear your “trading brain” and allow it to recharge.

Screen shot from today’s session during our “live charts” service where one can see real-time trade set ups like below
(blue diamonds = possible buy, red diamonds = possible sell)

Charts included in this service are: Mini SP 500, Euro Currency and Crude oil.

For a Free Day Trading Webinar Trial Please Visit:
**************************************************************
https://www.cannontrading.com/tools/intraday-futures-trading-signals
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Continue reading “Free Day Trading Webinar Trial, October 18th 2010”

Futures & Commodity Trading Levels and Charts for October 15th 2010

Posted on by Ilan

Screen shot from today’s session during our “live charts” service where one can see realtime trade set ups below.

For a free trial please visit:

https://www.cannontrading.com/tools/intraday-futures-trading-signals

SP 500 Day Trading
SP 500 Day Trading

Continue reading “Futures & Commodity Trading Levels and Charts for October 15th 2010”

Futures Trading Levels & Economic Reports for October 14th 2010

Posted on by Ilan

The FED keeps pumping money through its “Quantitative Easing” and the market continues to bounce higher.

Not sure how long this “game” will continue but a technical overview of the mini Russell (which I feel is the leader amongst indicies) is below for your information.

SP 500 Day Trading
SP 500 Day Trading

Continue reading “Futures Trading Levels & Economic Reports for October 14th 2010”

Daily Support & Resistance and Economic Data to be Released, October 13th 2010

Posted on by Ilan

 

Daily Support & Résistance Levels Mini-S&P 500 Futures
Dec. 10		 Mini-Nasdaq 100 Futures
Dec. 10		 Mini-Dow Futures
Dec. 10		 Mini Russell 2000 Futures
Dec.10		 30-year US Bond Futures
Dec. 10		 10-Year US Note
Futures Dec. 10
Support 3 1151.00 2009.00 10843 681.70 13117 12528
Support 2 1156.50 2020.00 10891 686.10 13209 12616
Support 1 1162.75 2032.00 10946 691.00 13300 12626
Resistance 1 1174.75 2058.75 11044 700.30 13314 12703
Resistance 2 1181.50 2063.00 11115 706.60 13403 12707.5
Resistance 3 1188.25 2083.00 11139 719.70 13412 12711
Daily Support & Resistance Levels
 Gold Futures
Dec.2010		 Silver Futures
Dec. 2010		 Copper Futures
Dec. 2010		 Crude Oil Futures
Nov. 2010		 Euro Curr.
Dec. 2010		 Dollar Index
Dec. 2010
Support 3 1339.0 22.85 3.750 80.88 1.3768 .7629
Support 2 1348.0 23.16 3.771 81.69 1.3857 .7705
Support 1 1353.0 23.34 3.795 82.47 1.3912 .7717
Resistance 1 1366.0 23.68 3.841 82.99 1.4001 .7754
Resistance 2 1375.0 23.81 3.860 83.50 1.4026 .7766
Resistance 3 1391.0 24.09 3.880 84.43 1.4113 .7778

Updated: 13-Oct-10 08:32 ET

This Week’s Calendar

Click on a “Release” for Insight

Date ET Release For Actual Briefing.com Consensus Prior Revised From
Oct 13 07:00 MBA Mortgage Applications 10/08 NA NA -0.2%
Oct 13 08:30 Export Prices ex-ag. Sep NA NA 0.5%
Oct 13 08:30 Import Prices ex-oil Sep NA NA 0.3%
Oct 13 14:00 Treasury Budget Sep -$32.0B -$33.5B -$46.6B
Oct 14 8:30 Initial Claims 10/09 450K 450K 445K
Oct 14 8:30 Continuing Claims 10/02 4450K 4450K 4462K
Oct 14 08:30 PPI Sep 0.1% 0.2% 0.4%
Oct 14 08:30 Core PPI Sep 0.1% 0.1% 0.1%
Oct 14 08:30 Trade Balance Aug -$40.0B -$44.5B -$42.8B
Oct 14 11:00 Crude Inventories 10/09 NA NA 3.09M
Oct 15 08:30 CPI Sep 0.1% 0.2% 0.3%
Oct 15 08:30 Core CPI Sep 0.1% 0.1% 0.1%
Oct 15 08:30 Retail Sales Sep 0.2% 0.4% 0.4%
Oct 15 08:30 Retail Sales ex-auto Sep 0.1% 0.4% 0.6%
Oct 15 08:30 NY Fed – Empire Manufacturing Survey Oct 3.0 5.75 4.10
Oct 15 09:55 Mich Sentiment Oct 67.0 68.5 68.2
Oct 15 10:00 Business Inventories Aug 0.4% 0.5% 1.0%

SEE FULL LIST HERE

13. OCT. 2010    Today´s Highlighted Splits

SYMBOL COMPANY EVENT TITLE EPS ESTIMATE EPS ACTUAL PREV. YEAR ACTIVITY DATE/TIME (ET)
HST Host Hotels & Resorts Inc. Q3 2010 Host Hotels & Resorts Inc. Earnings Release $ 0.11 n/a $ 0.11 13-Oct BMO
JPM JPMorgan Chase & Co. Q3 2010 JPMorgan Chase & Co. Earnings Release $ 0.90 n/a $ 0.82 13-Oct 7:00 AM
APOL Apollo Group Q4 2010 Apollo Group Earnings Release $ 1.30 n/a $ 1.06 13-Oct AMC
ACGY Acergy S.A. Q3 2010 Acergy S.A. Earnings Release $ 0.28 n/a $ 0.29 13-Oct
MTOX MEDTOX Scientific, Inc. Q3 2010 MEDTOX Scientific, Inc. Earnings Release $ 0.13 n/a $ 0.09 13-Oct 6:00 AM
TESS TESSCO Q2 2011 TESSCO Earnings Release $ 0.44 n/a $ 0.51 13-Oct AMC

Continue reading “Daily Support & Resistance and Economic Data to be Released, October 13th 2010”

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.