PPI + Trading levels for 12.09.2022, Reports - Support & Resistance Levels

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.

PPI + Trading levels for 12.09.2022, Reports

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Military and Trading strategies

By Mark O’Brien, Senior Broker

There’s an analogy drawn from military strategy to trading strategy that’s worth noting. It’s origin dates to the 1890’s and a German field marshal, but the more well-known versions come from Winston Churchill and Dwight D. Eisenhower. Churchill said, “Plans are of little importance, but planning is essential,” while Eisenhower said, “Plans are worthless, but planning is everything.” The eminent military strategist Mike Tyson advanced this view of planning with what might be his most famous quote: “Everyone has a plan until they get punched in the mouth.” The take-away from these words: nothing fully prepares you for trading like actual trading. Similar to going to battle, or in Mr. Tyson’s case, getting into a boxing ring, in trading you can plan all you want, i.e., paper trade, or trade with a demo version of a trading platform and a hypothetical account balance, but no amount of time dedicated to these activities will satisfactorily develop your capacity for trading. Trading with a live, real money account will impact your mood, your judgement, your market opinions, your wits like no amount of mock trading will. This is not a prodding to do anything you’re not ready to do. Just don’t count on paper trading or demo trading to look like real trading. That is a whole distinct undertaking.

MICROS may be a good tool for some traders to step from demo to live, to test different strategies and in general when volatility is high, trading capital is low etc.

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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

for 12-09-2022


Economic Reports, Source: 


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.

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