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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Quadruple Witching Tomorrow + Future Trading Levels 9.16.2022

Posted on by Ilan
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Quadruple witching tomorrow….

 

Futures, futures options, stock options and single stocks all expire tomorrow morning right on the open of the stock market.

 

Keep in mind that September mini SP and it’s relatives ( mini Dow, mini Nasdaq etc.) EXPIRE tomorrow and cash settle based on special settlement price….Markets can get volatile tomorrow morning right before and around the open.

 

The September contract will simply cease to trade. If you have not switched to December yet, now is the time…..

 

Also start trading December currencies!

 

Would you like to trade futures using MT5? if so, reply back to this email!

 

 

If you are looking for other reference material please contact your Cannon Broker for lists of solid, informative and helpful trading tomes

 

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

Futures Trading Levels

09-16-2022

#goldfutures #sp500futures #crudeoilfutures # nasdaqfutures #dowfutures #futurestrading #futuresbrokers
SP500 #ES_FNasdaq100  #NQ_FDow Jones  #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds  #ZB_F Dec. 10 yr  #ZN_F Dec. Corn #ZC_F Dec.  Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept.  Euro Currency

 

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Economic Reports, Source: 

Forexfactory.com

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This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

Anticipated PPI Report Tomorrow + Future Trading Levels 9.14.2022

Posted on by Ilan
Get Real Time updates and more on our private FB group!

CPI report lived up to the hype!  MAJOR volatility in speed and magnitude of the move!

The Mini SP 500, one of the most liquid markets in the world, sold off over 100 points in less than 1 minute!!

Traders “pulling out the bids” ahead of the report as well as the fast move caused many stop orders to get rejected!!

How can that be?

When impactful economic reports are released, we expect large , violent price swings. which may leave your open positions unprotected , even with stop orders. What creates the volatility? people cancel their bids and offers making for large orders, that would easily be absorbed by the market during normal conditions moving the market precipitously in either direction. As a result, the exchange wants a “balanced order book and created a Price band within which reasonable orders will be maintained, but if the market moves outside the band within seconds those orders are cancelled and not longer working, just like a stop with a limit would function.

We will expand on this topic in depth on tomorrows blog.

PPI tomorrow….Today was one of the highest volume days in recent month for stock index futures.

Below a 10 second chart of the ES from today! Click image to enlarge. A move of almost $6,000 in 45 seconds!

Stock Index futures are entering the “rollover period”.

December is now the front month/ higher volume.

September will expire this coming Friday at 8:30 Am Central time.

E-Mini S&P 500 Daily Chart

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

Futures Trading Levels

09-14-2022

#goldfutures #sp500futures #crudeoilfutures # nasdaqfutures #dowfutures #futurestrading #futuresbrokers
 SP500 #ES_FNasdaq100  #NQ_FDow Jones  #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds  #ZB_F Dec. 10 yr  #ZN_F Dec. Corn #ZC_F Dec.  Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept.  Euro Currency

 

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

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This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

WYNTK before Trading Tomorrow, Sept. 13th 2022 Trading Levels

Posted on by Ilan
Get Real Time updates and more on our private FB group!

Stock Index futures are entering the “rollover period”.

Somewhat of a choppy intraday price action.

December is now the front month/ higher volume.

September will expire this coming Friday at 8:30 Am Central time.

Tomorrow we have an anticipated CPI report ahead of next week’s FOMC. Below is a good informative piece by my colleague, John Thorpe:

Has the Stock Market bottomed?

In the Yardeni Bull/Bear index, the last temperature taken on Sep. 7th, there were .53.3 % bearish vs only .18% bullish sentiment for the Stock market. With the August Consumer Price Index Release 7:30 am Central time, the Peak inflation game speculation may be nearly done.

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What I mean by that is we will have established a turn in the voracity of “the Summer of Inflation” IF the year over year change is less than last month’s 8.5 %, the consensus is a reading between 7.9-8.3 % ( whenever i talk about consensus right before a report you can damn well know that is already discounted by the market) The commonly quoted inflation rate is actually the change in the CPI from the year earlier or Yr/yr. see lower number. Now think of the number being released with three potential outcomes relative to the consensus. Higher than, the same as or less than expectations. If the market has been rallying because of the consensus, and we believe we can make an argument this is true, then the markets reaction to a Higher CPI number will provide a backdrop for a sharp sell off in equities. If the CPI number is a lower number than consensus, I could make a strong case for the market to rally and hold it. And finally, if the CPI numbers are in line with expectations, the sellers will be more aggressive as the previous weeks ralies will have been overdone in anticipation of lower CPI numbers and expect the market to sell off as it waits for more data. CPI is currently an important indicator for market direction as the FED uses some of this data to drive it’s rate decision making process.. I included the Yardeni Bull/Bear ration to give you a sense that even with the rally in the stocks these past few weeks, many institutions are Bearish yet still, and may be close to a capitulation point if the CPI Data is extremely positive tomorrow. (CPI % lower than consensus. Plan your trade and trade your plan.

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

Futures Trading Levels

09-13-2022

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Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

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This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

Weekly Newsletter 1114: FREE Course: Understanding Crude Oil Futures + Futures Levels for the Trading Week Ahead

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1114

Dear Traders,

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Trading 101: Free Course – An Introduction to Crude Oil

Today’s energy crude oil market is truly global. From West Texas Intermediate (WTI) to Brent and DME Oman, the crude oil market fuels many of the world’s leading economies and impact nearly every nation. Energy crude oil futures and options provide the tools the industry needs to manage risk. Explore the key concepts and structure of today’s energy markets, including the factors that affect supply and demand and move prices. Learn how to use these instruments to hedge exposure and unlock opportunities
CrudeOil
Would you like to get daily support & resistance levels?
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Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

Futures Trading Levels

09-12-2022

Futures Support Resistance Levels 9.12.2022

Weekly Levels

Weekly Support Resistance Levels 9.12 -9.15.2022

 

 

Reports, First Notice (FN), Last trading (LT) Days for the Week:

https://mrci.com

Date Reports/Expiration Notice Dates
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This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading

WYNTK before trading tomorrow, Sept. 9th Futures Trading Levels

Posted on by Ilan
Get Real Time updates and more on our private FB group!

Stock Index futures are entering the “rollover period”.

Used to be that the Thursday before was the “official rollover day” but last few years more and more traders simply follow the volume and it seems that the volume will go to the next month, in this case December around Monday coming up. We will keep you posted.

For now September has more volume and we will keep posting September levels.

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

Futures Trading Levels

09-09-2022

Futures Support & Resistance Trading Levels 9.08.2022

 

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

Forex Factory Reports 9.09.2022

 

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

WYNTK before trading tomorrow, Sept. 7th Futures Trading Levels

Posted on by Ilan
Get Real Time updates and more on our private FB group!

Short trading week ahead as we come back after Labor Day long weekend.

Keep in mind that crude oil inventories will come out Thursday instead of the regular Wednesday release.

Natural gas continues to be volatile dropping over 8.5% today!! almost $7600 per ONE contract.

British pound held nicely compare to the other currencies as UK welcomed a new Prime Minister.

Stock index futures experienced VERY choppy action on higher than avg. volume today, the day after a long weekend.

Daily chart of the mini SP 500 ( ESU22) for your review below, notice market is hanging right above FIB support level:

Mini S&P Daily Chart

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

Futures Trading Levels

09-07-2022

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Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

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This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

Weekly Newsletter 1113: Get An Edge With the Trading Psychology Course & Trading Levels for 09.05.22

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1113

Dear Traders,

Like us on FaceBook!
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Get An Edge With the Trading Psychology Course

“You Must Understand That There Is More Than One Path To The Top Of The Mountain.”- Miyamoto Musashi, A Book Of Five Rings: The Classic Guide To Strategy
Many experienced traders say that the stiffest challenge you’ll face in becoming a futures trader is conquering your own psyche. Why? Because losing is part of trading, and people hate to lose.
In this “Trading Psychology” Course you will learn:
·    How to examine your patterns and behaviors and recognize when they are holding you back
·    Maintaining self-confidence as a trader even in the face of inexperience
·    The mathematical expectation model and how it can decrease your losses
·    Determining the trading plan that is right for your trading personality
·    Understanding and using Motivation – Risk – Reward to its full advantage
·    Creating effective trading technique strategies
·    Qualities of Successful Traders
Custom DOM Layout - E-Futures International
Would you like to get daily support & resistance levels?
Yes
S
No
Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

Futures Trading Levels

09-05-2022

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Weekly Levels

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Reports, First Notice (FN), Last trading (LT) Days for the Week:

https://mrci.com

Date Reports/Expiration Notice Dates
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This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading

WYNTK before trading tomorrow, Sept. 2nd Futures Trading Levels

Posted on by Ilan
Get Real Time updates and more on our private FB group!

Bullet Points: Highlights and Announcements

By Mark O’Brien Senior Broker

Financials: Given Federal Reserve Board Chairman Jerome Powell’s statements at last week’s Economic Policy Symposium in Jackson Hole, where he reiterated the Fed.’s commitment to halting inflation and that “some pain” will come to the U.S. economy as a result, U.S. and other global stock markets, while lower this week, have been measured and arguably not anxiety-filled. At least for the time being, traders seem to have factored in continued interest rate hikes by our central bank and other countries’ and slower, possibly even recessionary conditions. That was read into Wednesday’s ADP private payrolls report that showed a deceleration in jobs creation (132,000 in August).

Next up: the closely watched Non-farm payrolls report this Friday, widely considered to be one of the most important measures of the U.S. economy.  A survey of economists forecast an increase of 318,000 new jobs (median estimate).

Metals: Dec. gold traded through $1,700/oz this morning, marking its longest monthly losing streak in four years, and Dec. silver tumbled to $17.40 intraday – a more than two-year low – as traders expect rising interest rates will persist making Treasury bonds and the U.S. dollar more attractive.

Lumber: Rising interest rates and a strong U.S. dollar have weighed on other commodity prices. Basis the Nov. futures contract, lumber prices have been slashed by more than half since their early-Feb. highs of ±$1,000/board foot, trading to $460/board foot intraday today – to its life-of-contract low. Credit weak demand as well, with a cooling housing market and falling new home construction.

Energy: Crude oil (Dec.) continued it’s steep sell-off this week – losing ±$10/barrel over the last three days – returning to near its mid-August/5-month lows near $86.00/barrel. The market seems dogged by softening demand with several major cities in China seeing new Covid restrictions, including the total lockdown of Chengdu with ±20 million people.

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

Futures Trading Levels

09-02-2022

Futures Commodities Trading Levels for September 02 2022

 

 

 

 

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

Commodity reports for 09.02.2022

 

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

First Notice & Last Trading Days for September & Reports for 09.01.2022

Posted on by Ilan
Get Real Time updates and more on our private FB group!

Below are the contracts which are entering First Notice or Last Trading Day for the upcoming month. Be advised, for contracts that are deliverable, it is requested that all LONG positions be exited two days prior to First Notice and ALL positions be exited the day prior to Last Trading Day. If you have any questions please contact us

 

* DO NOT assume anything…if you are not sure, contact us and we will try our best to assist with the combined, vast experience we have here as a team.

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CME GLOBEX Labor Day Trading Schedule

CME GLOBEX Labor Day Trading Schedule
If you are looking for other reference material please contact your Cannon Broker for lists of solid, informative and helpful trading tomes

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

Futures Trading Levels

09-01-2022

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Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

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This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

Labor Day 2022 Holiday Schedule for CME / Globex and ICE Exchange

Posted on by Ilan

Labor Day 2022 Holiday Schedule for CME / Globex and ICE Exchange

Labor Day 2022

 

*Dates and times are subject to change

If you have any questions, please call the CME Global Command Center at +1 800 438 8616, in Europe at +44 800 898 013 or in Asia at +65 6532 5010

Globex® Labor Day 2022 Holiday Schedule for CME / Globex and ICE Exchange

More details at: http://www.cmegroup.com/tools-information/holiday-calendar.html 

ICE Futures Labor Day 2022 Holiday Schedule for CME / Globex and ICE Exchange

Detailed holiday hours for ICE Futures: https://www.theice.com/holiday-hours

The above sources were 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.

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.