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, Hourly Mini SP-500 Futures Chart

Posted on by Ilan

Cannon Trading / E-Futures.comThin week ahead as far as economic reports but I am sure the geo political situation will make up for it.

As far as day-trading is concerned, I like seeing volatility in stock index futures rising a bit.

Hourly chart of Mini SP 500 for your review below with possible levels of support and resistance  –

make it a great trading week!!

Daily E-Mini S&P 500 futures trading chart screenshot from today March 7th 2011

Stock futures trading chart levels Monday March 7th 2011 Continue reading “Futures Trading Levels, Hourly Mini SP-500 Futures Chart”

Futures Trading Levels, E-Mini SP500 and Crude Oil Charts

Posted on by Ilan

Cannon Trading / E-Futures.com

Thin week ahead as far as economic reports but I am sure the geopolitical situation will make up for it.

As far as day-trading is concerned, I like seeing volatility in stock index futures rising a bit.

Have a good, relaxing weekend and feel free to come and view my day-trading charts, live with real time buy and sell set ups for mini SP500, Crude Oil futures and Euro Currency by signing up for a free trial at:

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

When you join me, you will see charts like the screen shots from todays session below:

Daily E-Mini S&P 500 futures trading chart screenshot from today March 7th 2011

Stock futures trading chart levels Monday March 7th 2011

Crude Oil futures trading screen shot from today March 7th 2011

crude oil futures trading chart levels Monday March 7th 2011

Continue reading “Futures Trading Levels, E-Mini SP500 and Crude Oil Charts”

Futures Trading Levels, Crude Oil Leading Commodity Markets

Posted on by Ilan

Cannon Trading / E-Futures.com

With the Mid East situation, Crude Oil has been the leader of the commodities markets affecting movements in markets like metals, stock indices and more.

Daily chart of Crude oil for your review below along with a small picture that expresses what one can expect of tomorrow’s unemployment report better than I can…..
Either way, higher volatility, wider ranges = trader must asses their daily risk settings, their stops/ targets per trade, trading size etc.

Daily E-Mini S&P 500 Futures Trading Chart

Stock futures trading chart levels Friday March 4th 2011
Continue reading “Futures Trading Levels, Crude Oil Leading Commodity Markets”

Futures Trading Levels, Key to Successful Trading Special Feature

Posted on by Ilan

Special Feature: The Key To Success as a Trader

By: Cannon Trading Staff

What makes one trader successful, while another is not?

futures trading success key

Is it intelligence? No. If it were, then doctors, lawyers, and engineers would make the best traders.

Is it the latest software program? No. If it were then the developers of the “magic black boxes” would be the best traders.

Is it experience? No. If it were then all successful traders would be bald or have gray hair, and we know this is not the case.

Is it those that have inside information? No. Be real. In today’s trading world data and information are global and instantaneous.

What then is the key?

Read the rest of the special feature in our weekly newsletter Continue reading “Futures Trading Levels, Key to Successful Trading Special Feature”

Futures Trading Levels, Mini Russel 2000 Futures

Posted on by Ilan

Cannon Trading / E-Futures.com

March started out with strong down move, perhaps to signal the shift in market bias going forward?

Time will tell.

Hourly chart of Mini Russell 2000 for your review below. We need to see the TF goes above 809.50 for any significant bounce to follows, otherwise we may visit 793 first….

Either way, higher volatility, wider ranges = trader must asses their daily risk settings, their stops/ targets per trade, trading size etc.

Daily E-Mini S&P 500 Futures Trading Chart

Stock futures trading chart levels Continue reading “Futures Trading Levels, Mini Russel 2000 Futures”

Mini Dow Jones Futures

Posted on by Ilan

Cannon Trading / E-Futures.com

Wishing all of you a great trading month in March!

Weekly chart of mini Dow Jones futures for your review below. While most of you are shorter term traders, even considered futures day-traders, it is wise to know what the longer time frame charts are showing as well.

In the case of the weekly chart below, we will need to see a break below 119.50 in order to get a weekly sell signal according to my technical opinion.

Daily E-Mini S&P 500 Futures Trading Chart

Stock futures trading chart levels Continue reading “Mini Dow Jones Futures”

Futures Trading Levels Feb 28th and Crude Oil Futures Chart

Posted on by Ilan

Cannon Trading / E-Futures.com

Wishing you all a great weekend. Amazing how fast short February went by and Monday will be the last trading day of the month.

I expect the higher volatility we have seen over the last few days to stay with us for a while….so as mentioned before be aware of it, adjust your trading parameters accordingly and stay disciplined!

Below you will see a screen shot from the crude oil futures chart I share intraday. We also execute this crude day-trading system in-house as an “auto traded ” trading system with letter of direction.

The day-trading system is up slightly more than $1,000 NET per contract traded since we launched live trading on Jan. 28th 2011.*
*These are risky markets and only risk capital should be used.

Past performances are not necessarily indicative of future results.
If you are interested in more information, would like to see detailed LIVE results, please send me an email or speak with your broker.

Daily E-Mini S&P 500 Futures Trading Chart

Stock futures trading chart levels Continue reading “Futures Trading Levels Feb 28th and Crude Oil Futures Chart”

Futures Trading Levels and Day Trading Environment

Posted on by Ilan

Cannon Trading / E-Futures.com

Another strong volume day on the SP 500, with price action going both ways intraday but still finishing lower for the day.

Some longer term FIB levels below to watch for. Middle East and crude oil will lead the way as we head into the weekend.

As volatility rises, so does risk…..as well as intraday opportunities. make sure you understand the change in the day trading environment we are noticing the last few days and incorporate into your trading decisions and money management.

Daily E-Mini S&P 500 Futures Trading Chart

Stock futures trading chart levels Continue reading “Futures Trading Levels and Day Trading Environment”

Futures Trading Levels for Online Commodities Trading

Posted on by Ilan

Life After Mini SP – Day Trading Crude Oil Futures “Buying the Fear, Selling the Greed”

Join us for a Webinar on February 23

Space is limited.
Reserve Your Webinar Seat Now at: https://www2.gotomeeting.com/register/477215826

This Wednesday, February 23rd , Ilan Levy-Mayer, Vice President of Cannon Trading and President / AP of LEVEX Capital Management Inc., a registered commodity trading advisor, will hold a live educational day trading webinar starting at 8:15 AM central time.

During the webinar you will see chart like the one below from today’s sessions and Ilan will:

  • Share his approach to day trading futures and review other markets he scans for day trading other than the ES (mini SP 500)
  • Explain his day trading strategies that can be applied to futures markets such as crude oil futures
  • Review some of his technical indicators
  • Detail his day trading money management philosophy
  • Walks through live trade set ups as they happen real-time

Continue reading “Futures Trading Levels for Online Commodities Trading”

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.