Posted By: Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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A good visual PDF for anyone who trades commodities and futures but even more so for those who are looking to hedge different risks. If you are exposed to currency risks, you are a farmer, perhaps an importer of goods like Cocoa and Coffee or maybe an Oil producer /importer – read the PDF and feel free to call us here at Cannon and discuss your hedging needs at any time!
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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.
Futures Trading Levels
|Contract December 2017||SP500||Nasdaq100||Dow Jones||Mini Russell||BitCoin Index|
|Contract||December Gold||Dec. Silver||Jan. Crude Oil||Dec. Bonds||Dec. Euro|
|Resistance 3||1312.4||17.32||60.17||155 15/32||1.2021|
|Resistance 2||1305.7||17.25||59.58||155 4/32||1.1998|
|Resistance 1||1299.6||17.13||58.73||154 21/32||1.1955|
|Support 1||1286.8||16.94||57.29||153 27/32||1.1889|
|Support 2||1280.1||16.87||56.70||153 16/32||1.1866|
|Support 3||1274.0||16.75||55.85||153 1/32||1.1823|
|Contract||Mar. Corn||Mar. Wheat||January Beans||Mar. SoyMeal||Jan. Nat Gas|
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.