Resources to Help You Navigate These Volatile Times & YM Daily Chart & Futures Trading Levels 9.24.2020 - 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.

Resources to Help You Navigate These Volatile Times & YM Daily Chart & Futures Trading Levels 9.24.2020


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Dear Traders,

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It feels like a new world out there in so many ways. Trading is one as well….This is a TOTALLY different markets than what we witnessed 6-8 weeks ago, a year ago etc.
Know the rules, understand current margins, know where the circuit breakers are/ limit moves.
CONFIRM MARGINS WITH YOUR BROKER, margins are function of volatility, platform, exchange overnight and other factors and during this volatility, margins can change so if you are not sure – check with your broker!
Figure out your max risk.
After you do all that, feel free to trade but jumping in and trying to trade without the basic knowledge above is like jumping into a stormy ocean without a life vest…..
Here are some EXCELLENT resources to help you navigate these volatile times:
Yesterday I wrote: YM – The Mini Dow Jones, sitting on a junction level. Break below yesterdays’ lows can confirm a sell signal you see on the chart as red square. Failure to do so, will signal a short term upside bounce. Today’s low was 26586 – previous day lows was 2584!! Still watching…..

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


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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